﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2019v5.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2020-09-03T10:00:42-07:00</ReturnTs>
    <TaxPeriodEndDt>2019-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>752593210</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Sutton Frost Cary LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>600 Six Flags Dr Suite 600</AddressLine1Txt>
        <CityNm>Arlington</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>76011</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2019-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>752734032</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>HATTON W SUMNERS FOUNDATION FOR THE</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>STUDY &amp; TEACHING OF SELF-GOVERNMENT INC</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>HATT</BusinessNameControlTxt>
      <PhoneNum>2142202128</PhoneNum>
      <USAddress>
        <AddressLine1Txt>325 N ST PAUL STREET</AddressLine1Txt>
        <CityNm>DALLAS</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>75201</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>T Charles Pierson</PersonNm>
      <PersonTitleTxt>Executive Dir.</PersonTitleTxt>
      <SignatureDt>2020-09-03</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Kimberly D Crawford</PreparerPersonNm>
      <PTIN>P00446484</PTIN>
      <PhoneNum>8176498083</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2019</TaxYr>
    <BuildTS>2020-11-19 02:30:22Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="11">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="19009920" softwareVersionNum="2019v5.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>66485850</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>170602</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>393786</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>393786</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>1074076</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>1074076</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-191703</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>7074747</GrossSalesPriceAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">984800</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>521056</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>2431561</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>1988918</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>749362</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>354884</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>394478</CompOfcrDirTrstDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>69675</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>32501</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftDsbrsChrtblAmt>37174</PensionEmplBnftDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSchedule">12098</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>12073</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>25</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">24833</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>12416</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>12417</AccountingFeesChrtblPrpsAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">22008</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>28536</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>16955</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="DepreciationSchedule">32947</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnNetInvstIncmAmt>32947</DeprecAndDpltnNetInvstIncmAmt>
        <OccupancyRevAndExpnssAmt>60929</OccupancyRevAndExpnssAmt>
        <OccupancyNetInvstIncmAmt>30464</OccupancyNetInvstIncmAmt>
        <OccupancyDsbrsChrtblAmt>30465</OccupancyDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>114543</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>4565</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>109978</TravConfMeetingDsbrsChrtblAmt>
        <PrintingAndPubRevAndExpnssAmt>4015</PrintingAndPubRevAndExpnssAmt>
        <PrintingAndPubDsbrsChrtblAmt>4015</PrintingAndPubDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">525282</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>164011</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>66365</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>1615692</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>672397</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>671872</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>2490980</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>2490980</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>4106672</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>672397</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>3162852</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-1675111</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>1316521</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>175114</CashBOYAmt>
        <CashEOYAmt>1095874</CashEOYAmt>
        <CashEOYFMVAmt>1095874</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>1462756</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>941851</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>941851</SavAndTempCashInvstEOYFMVAmt>
        <AcctRcvblAmt>206916</AcctRcvblAmt>
        <AcctRcvblBOYAmt>158332</AcctRcvblBOYAmt>
        <AcctRcvblEOYAmt>206916</AcctRcvblEOYAmt>
        <AcctRcvblEOYFMVAmt>206916</AcctRcvblEOYFMVAmt>
        <PrepaidExpensesBOYAmt>25434</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>31728</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>31728</PrepaidExpensesEOYFMVAmt>
        <CorporateStockBOYAmt>24086606</CorporateStockBOYAmt>
        <CorporateStockEOYAmt>27914995</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>27914995</CorporateStockEOYFMVAmt>
        <InvstLandCostOrOtherBasisAmt>279402</InvstLandCostOrOtherBasisAmt>
        <LandBldgInvestmentsBOYAmt>279402</LandBldgInvestmentsBOYAmt>
        <LandBldgInvestmentsEOYAmt referenceDocumentId="InvestmentsLandSchedule2">279402</LandBldgInvestmentsEOYAmt>
        <LandBldgInvestmentsEOYFMVAmt>279402</LandBldgInvestmentsEOYFMVAmt>
        <MortgageLoansBOYAmt>4825421</MortgageLoansBOYAmt>
        <MortgageLoansEOYAmt>4177330</MortgageLoansEOYAmt>
        <MortgageLoansEOYFMVAmt>4177330</MortgageLoansEOYFMVAmt>
        <OtherInvestmentsBOYAmt>30288050</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">31824413</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>31824413</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>118486</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>105145</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>18708</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="LandEtcSchedule2">13341</LandEOYAmt>
        <LandEOYFMVAmt>13341</LandEOYFMVAmt>
        <TotalAssetsBOYAmt>61319823</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>66485850</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>66485850</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>8501</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>6010</AccountsPayableEOYAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="OtherLiabilitiesSchedule">6430</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="OtherLiabilitiesSchedule">6430</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>14931</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>12440</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>61304892</NoDonorRstrNetAssestsBOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>61304892</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>66473410</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>61319823</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>66485850</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>61304892</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-1675111</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSchedule">6843629</OtherIncreasesAmt>
        <SubtotalAmt>66473410</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>66473410</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VANGUARD INSTITUTIONAL INDEX</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-01-01</AcquiredDt>
          <SoldDt>2019-02-12</SoldDt>
          <GrossSalesPriceAmt>1500000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>930773</CostOrOtherBasisAmt>
          <GainOrLossAmt>569227</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>569227</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VANGUARD INSTITUTIONAL INDEX</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-01-01</AcquiredDt>
          <SoldDt>2019-04-01</SoldDt>
          <GrossSalesPriceAmt>72200</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>72897</CostOrOtherBasisAmt>
          <GainOrLossAmt>-697</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-697</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VANGUARD INSTITUTIONAL INDEX</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-01-01</AcquiredDt>
          <SoldDt>2019-05-10</SoldDt>
          <GrossSalesPriceAmt>33147</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>32218</CostOrOtherBasisAmt>
          <GainOrLossAmt>929</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>929</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VANGUARD INSTITUTIONAL INDEX</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-01-01</AcquiredDt>
          <SoldDt>2019-05-13</SoldDt>
          <GrossSalesPriceAmt>697980</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>595773</CostOrOtherBasisAmt>
          <GainOrLossAmt>102207</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>102207</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BROADVIEW OPPORTUNITY FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-01-01</AcquiredDt>
          <SoldDt>2019-06-19</SoldDt>
          <GrossSalesPriceAmt>113029</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>150757</CostOrOtherBasisAmt>
          <GainOrLossAmt>-37728</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-37728</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FEDERATED ULTRASHORT BOND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-01-01</AcquiredDt>
          <SoldDt>2019-11-05</SoldDt>
          <GrossSalesPriceAmt>1639980</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1641807</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1827</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1827</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BROADVIEW OPPORTUNITY FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-01-01</AcquiredDt>
          <SoldDt>2019-10-31</SoldDt>
          <GrossSalesPriceAmt>3013638</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3842225</CostOrOtherBasisAmt>
          <GainOrLossAmt>-828587</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-828587</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GRAHAM ASSET SALE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-01-01</AcquiredDt>
          <SoldDt>2019-01-01</SoldDt>
          <GrossSalesPriceAmt>4773</GrossSalesPriceAmt>
          <GainOrLossAmt>4773</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4773</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-191703</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>3072301</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>65280966</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.04706</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>3052176</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>64032628</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.04767</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>3054080</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>62925510</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.04854</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>3180483</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>68089950</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.04671</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>2817981</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>63287615</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.04453</DistributionYr5Rt>
        <TotalDistributionRt>0.234501</TotalDistributionRt>
        <AverageDistributionRt>0.046900</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>65658851</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>3079400</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>13165</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>3092565</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>3162852</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>13165</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>13165</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>13165</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>40000</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>40000</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>26835</OverpaymentAmt>
        <AppliedToESTaxAmt>26835</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>true</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>true</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>TX</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>WWW.HATTONSUMNERS.ORG</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>CHARLES PIERSON</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2142202128</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>325 NORTH ST PAUL SUITE 3920</AddressLine1Txt>
          <CityNm>DALLAS</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>752013821</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>true</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>true</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAVID G DRUMM</PersonNm>
          <USAddress>
            <AddressLine1Txt>901 MAIN STREET STE 500</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>752023767</ZIPCd>
          </USAddress>
          <TitleTxt>Treasurer</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>29000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JERRY D REIS</PersonNm>
          <USAddress>
            <AddressLine1Txt>6012 W CAMPUS CIRCLE DR 210</AddressLine1Txt>
            <CityNm>IRVING</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75063</ZIPCd>
          </USAddress>
          <TitleTxt>Chairman</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>32000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LON R WILLIAMS</PersonNm>
          <USAddress>
            <AddressLine1Txt>2501 N HARWOOD SUITE 1900</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75201</ZIPCd>
          </USAddress>
          <TitleTxt>VICE CHAIRMAN</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>30500</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SCOTT M HIGGINBOTHAM</PersonNm>
          <USAddress>
            <AddressLine1Txt>125 BELLAIRE AVENUE</AddressLine1Txt>
            <CityNm>DUMAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79029</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>26494</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>WILLIAM W MEADOWS</PersonNm>
          <USAddress>
            <AddressLine1Txt>421 W 3RD STREET SUITE 800</AddressLine1Txt>
            <CityNm>FORT WORTH</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76102</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>16766</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MIKE MCELROY</PersonNm>
          <USAddress>
            <AddressLine1Txt>325 N ST PAUL ST STE 3920</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75201</ZIPCd>
          </USAddress>
          <TitleTxt>Controller</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>91154</CompensationAmt>
          <EmployeeBenefitProgramAmt>13200</EmployeeBenefitProgramAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BETH VAN DUYNE</PersonNm>
          <USAddress>
            <AddressLine1Txt>325 N ST PAUL ST STE 3920</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75201</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>8624</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BRANT C MARTIN</PersonNm>
          <USAddress>
            <AddressLine1Txt>325 N ST PAUL ST STE 3920</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75201</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>24869</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>T Charles Pierson</PersonNm>
          <USAddress>
            <AddressLine1Txt>325 N ST PAUL ST STE 3920</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75201</ZIPCd>
          </USAddress>
          <TitleTxt>Executive Dir.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>222692</CompensationAmt>
          <EmployeeBenefitProgramAmt>32250</EmployeeBenefitProgramAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>JANEMARIE CLARK</PersonNm>
          <USAddress>
            <AddressLine1Txt>325 N ST PAUL ST STE 3920</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75201</ZIPCd>
          </USAddress>
          <TitleTxt>EXEC. ASSISTANT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>66308</CompensationAmt>
          <EmployeeBenefitsAmt>9600</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>EILEEN RESNIK</PersonNm>
          <USAddress>
            <AddressLine1Txt>325 N ST PAUL ST STE 3920</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75201</ZIPCd>
          </USAddress>
          <TitleTxt>PROGRAM DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>100962</CompensationAmt>
          <EmployeeBenefitsAmt>14625</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>28900006</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1286814</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>36471912</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>66658732</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>66658732</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>999881</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>65658851</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>3282943</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>3282943</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>13165</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>13165</TotalTaxAmt>
        <DistributableBeforeAdjAmt>3269778</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>3269778</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>3269778</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>3162852</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>3162852</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>13165</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>3149687</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>3269778</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>3051680</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>3162852</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>3051680</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>111172</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>3158606</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>CHARLES PIERSON</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>325 N ST PAUL STREET SUITE 3920</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>752013821</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>2142202128</RecipientPhoneNum>
          <RecipientEmailAddressTxt>CHARLES@SUMNERSFOUNDATION.ORG</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>LETTER, RESUME OF ORGANIZATION OR PERSON AND OTHER SUPPORTING MATERIAL.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>VARIOUS</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>AWARDS ARE LIMITED TO THE STUDY AND TEACHING OF THE SCIENCE OF SELF-GOVERNMENT.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BAYLOR UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1311 S 5TH ST</AddressLine1Txt>
            <CityNm>WACO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76706</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>iENGAGE SUMMER CIVICS</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BIG BROTHERS BIG SISTERS LONESTAR</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>450 E JOHN CARPENTER FWY</AddressLine1Txt>
            <CityNm>IRVING</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75062</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CITIZENSHIP CHARACTER PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE BILL OF RIGHTS INSTITUTE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>200 NORTH GLEBE ROAD</AddressLine1Txt>
            <CityNm>ARLINGTON</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22203</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONSTITUTION SEMINAR N.M. &amp; OK TEACHERS</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FOUNDATION FOR TEACHING ECONOMICS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>260 RUSSELL BLVD</AddressLine1Txt>
            <CityNm>DAVIS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95616</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ECONOMICS FOR LEADERS</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FUND FOR AMERICAN STUDIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1706 NEW HAMPSHIRE AVE</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20009</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNDERGRAD SCHOLARSHIPS TO WASHINGTON D.C.</GrantOrContributionPurposeTxt>
          <Amt>67000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOWARD PAYNE UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1000 FISK STREET</AddressLine1Txt>
            <CityNm>BROWNWOOD</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76801</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Scholarship Program Development</GrantOrContributionPurposeTxt>
          <Amt>5500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LAW FOCUSED EDUCSTATE BAR OF TEXAS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>14651 DALLAS PKWY</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75254</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TEXAS CITIZEN BEE AND WHAT UNITES PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>341000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>OCU SCHOOL OF LAW</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>800 N HARVEY AVE</AddressLine1Txt>
            <CityNm>OKLAHOMA CITY</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>73102</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HIGH IDEALS SCHOLARSHIP PREVIEW</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PHILANTHROPY ROUNDTABLE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1730 M STREET NM</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20036</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT AND ALLIANCE FOR CHARITABLE REFORM</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SMU-DEDMAN SCHOOL OF LAW</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 750100</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75275</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUMMER SCHOLARS ENDOWMENT</GrantOrContributionPurposeTxt>
          <Amt>64230</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ST EDWARDS UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3001 S CONGRESS AVE</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78704</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PROGRAMDEVELOPMENT</GrantOrContributionPurposeTxt>
          <Amt>18000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEXAS CHRISTIAN UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2800 S UNIVERSITY DR</AddressLine1Txt>
            <CityNm>FORT WORTH</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76129</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENGAGE SUMMER CIVICS INSTITUTE</GrantOrContributionPurposeTxt>
          <Amt>23000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEXAS TRIBUNE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>823 CONGRESS AVE</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FESTIVAL, CONVERSATION SERIES &amp; SYMPOSIUMS ON PUBLIC POLICY</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEXAS WESLEYAN UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1201 WESLEYAN ST</AddressLine1Txt>
            <CityNm>FORT WORTH</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75105</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUMNERS SCHOLARSHIP ENDOWMENT</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF DALLAS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1845 E NORTHGATE DR</AddressLine1Txt>
            <CityNm>IRVING</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75062</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUMNERS SCHOLARSHIP PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>63000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF NORTH TEXAS FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1155 UNION CIRCLE</AddressLine1Txt>
            <CityNm>DENTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76203</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT FOR KUEHNE SPEAKER SERIES</GrantOrContributionPurposeTxt>
          <Amt>35000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF TEXAS AT AUSTIN</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>BOX 8058</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78712</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ANNETTE STRAUS INSTITUTE</GrantOrContributionPurposeTxt>
          <Amt>68000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YMCA ALBUQUERQUE CENTRAL NM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4701 MONTANO RD NM</AddressLine1Txt>
            <CityNm>ALBUQUERQUE</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>87120</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>YOUTH AND GOVERNMENT</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEXAS STATE ALLIANCE OF OF YMCAS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3208 RED RIVER ST</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78705</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>YOUTH AND GOVERNMENT</GrantOrContributionPurposeTxt>
          <Amt>178000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YMCA OKLAHOMA CITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>100 W MAIN ST</AddressLine1Txt>
            <CityNm>OKLAHOMA CITY</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>73102</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>YOUTH AND GOVERNMENT</GrantOrContributionPurposeTxt>
          <Amt>90000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>AUSTIN COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>900 N GRAND AVE</AddressLine1Txt>
            <CityNm>SHERMAN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75090</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CRIMINAL LAW SYMPOSIUM</GrantOrContributionPurposeTxt>
          <Amt>2750</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NEW MEXICO FIRST</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>505 MARQUETTE AVE</AddressLine1Txt>
            <CityNm>ALBUQUERQUE</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>87102</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>NEW MEXICO PROGRESS REPORT</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SCHREINER UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2100 SAN ANTONIO HWY</AddressLine1Txt>
            <CityNm>KERRVILLE</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78028</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARS TUITION</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WORLD AFFAIRS COUNCIL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>325 NORTH ST PAUL STREET 4200</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75201</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CIVIC PARTICIPATION LECTURE SERIES</GrantOrContributionPurposeTxt>
          <Amt>39000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>INSTITUTE FOR POLICY INNOVATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1660 S INTERSTATE 35-E</AddressLine1Txt>
            <CityNm>LEWISVILLE</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75067</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HWS DISTINGUISHED LECTURES</GrantOrContributionPurposeTxt>
          <Amt>300000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LIBERTAS ACADEMY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>33617 E FOWLER AVE</AddressLine1Txt>
            <CityNm>TAMPA</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33617</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SPRING CIVICS INSTITUTE: INSTRUCTION AND CURRICULUM</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CENTER FOR AMERICAN INTERNATIONAL L</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>5201 DEMOCRACY LANE</AddressLine1Txt>
            <CityNm>PLANO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75024</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RULE OF LAW LECTURE SERIES</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>COMMUNITIES FOUNDATION OF TEXAS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>5500 CARUTH HAVEN LANE</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75225</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ESTABLISH AT-LARGE SCHOLAR PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>495000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FIRST LIBERTY INSTITUTE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2001 PLANO PARKWAY 1600</AddressLine1Txt>
            <CityNm>PLANO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75075</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>THREE INTERNSHIPS FOR SUMNERS SCHOLARS</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>AMERICAN PROMISE INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>33 BRADFORD ST</AddressLine1Txt>
            <CityNm>CONCORD</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>01742</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>DEMOCRACY SHARETANK</GrantOrContributionPurposeTxt>
          <Amt>41000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ASHBROOK UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>401 COLLEGE AVE</AddressLine1Txt>
            <CityNm>ASHLAND</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>44805</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASHBROOK CENTER</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BETTER ANGELS SOCIETY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2000 MASSACHUSETTS AVE NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20036</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>DALLAS POLICY WEEKEND SEMINAR</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CERTELL INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2201 E 46TH STREET 302</AddressLine1Txt>
            <CityNm>INDIANAPOLIS</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>46205</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CENTER FOR THE STUDY OF LIBERTY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>11301 N MERIDAN STREET</AddressLine1Txt>
            <CityNm>CARMEL</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>46032</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>17000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GENERATION CITIZEN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 66353</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78766</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ISSUE ONE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1401 K STREET NW 350</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20005</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CIVICS/GOVERNMENTAL EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MANHATTEN INSTITUTE FOR POLICY RESE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>52 VANDERBUILT AVENUE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PAUL QUINN COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>3838 SIMPSON STUART RD</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75241</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CIVIC ENGAGEMENT</GrantOrContributionPurposeTxt>
          <Amt>20500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THE RIVARD REPORT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>126 GONAZLES STREET 100</AddressLine1Txt>
            <CityNm>SAN ANTONIO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78205</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TAKE BACK OUR REPUBLIC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>246B EAST GLENN AVENUE</AddressLine1Txt>
            <CityNm>AUBURN</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36830</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THE POLICY CIRCLE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1189 WILMETTE AVENUE</AddressLine1Txt>
            <CityNm>WILMETTE</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60091</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIVERSITY OF TEXAS AT DALLAS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>800 W CAMPBELL ROAD</AddressLine1Txt>
            <CityNm>RICHARDSON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75080</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>11000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>YOUNG VOICES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1342 FLORIDA AVENUE NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20009</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>2490980</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>393786</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1074076</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp>
          <BusinessCd>531120</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>191562</UnrelatedBusinessTaxblIncmAmt>
        </NetRntlIncmReDebtFincdPropGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>-191703</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OIL &amp; GAS ROYALTIES</Desc>
          <ExclusionCd>15</ExclusionCd>
          <ExclusionAmt>521056</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Pass Through UBI from K-1</Desc>
          <BusinessCd>531120</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-22724</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>168838</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>1988918</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>-191703</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1966053</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="19009920" softwareVersionNum="2019v5.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>GRAHAM MORTGAGE</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>3838 OAK LAWN AVE 1250</AddressLine1Txt>
          <CityNm>DALLAS</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>75219</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>10000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>WICK PHILLIPS</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>100 THROCKMORTON ST 1500</AddressLine1Txt>
          <CityNm>FORT WORTH</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>76102</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>3</ContributorNum>
        <ContributorPersonNm>PROPERTY ADVISORS REALTY INC</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>2201 W ROYAL LANE 165</AddressLine1Txt>
          <CityNm>IRVING</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>75063</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>4</ContributorNum>
        <ContributorPersonNm>SCOTT HIGGINBOTHAM</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>125 BELLAIRE AVE</AddressLine1Txt>
          <CityNm>DUMAS</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>79029</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>10000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>5</ContributorNum>
        <ContributorPersonNm>MATADOR RESOURCES COMPANY</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>5400 LBJ FRWY 1500</AddressLine1Txt>
          <CityNm>DALLAS</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>75240</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>6</ContributorNum>
        <ContributorPersonNm>INWOOD NATIONAL BANK</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>7621 INWOOD ROAD</AddressLine1Txt>
          <CityNm>DALLAS</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>75209</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>7</ContributorNum>
        <ContributorPersonNm>LOCKE LORD LLP</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>2200 ROSS AVE</AddressLine1Txt>
          <CityNm>DALLAS</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>75201</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>8</ContributorNum>
        <ContributorPersonNm>STATE BAR OF TEXAS</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>14651 DALLAS PKWY 925</AddressLine1Txt>
          <CityNm>DALLAS</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>75254</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>9</ContributorNum>
        <ContributorPersonNm>MARLIN CONTROLS INC</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>11011 REGENCY CREST DR 200</AddressLine1Txt>
          <CityNm>DALLAS</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>75238</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>11500</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>10</ContributorNum>
        <ContributorPersonNm>KPOST ROOFING</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1841 W NORTHWEST HWY</AddressLine1Txt>
          <CityNm>DALLAS</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>75220</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>15000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <AccountingFeesDetail>
        <CategoryTxt>2416</CategoryTxt>
        <Amt>24833</Amt>
        <NetInvestmentIncomeAmt>12416</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>12417</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsLandSchedule2 documentId="InvestmentsLandSchedule2" softwareId="19009920" softwareVersionNum="2019v5.0">
      <InvestmentLandGrp>
        <CategoryOrItemTxt>Land</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>279402</CostOrOtherBasisAmt>
        <BookValueAmt>279402</BookValueAmt>
        <EOYFMVAmt>279402</EOYFMVAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="19009920" softwareVersionNum="2019v5.0">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AMERRA AGRI FUND II LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1197543</BookValueAmt>
        <EOYFMVAmt>1197543</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WHITEBOX MULTI STRATEGY FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3957148</BookValueAmt>
        <EOYFMVAmt>3957148</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ML-K-18-WP TRUST IV</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>57323</BookValueAmt>
        <EOYFMVAmt>57323</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LINX FUND I LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>7517268</BookValueAmt>
        <EOYFMVAmt>7517268</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CAPITAL ROY PARTNERS II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>503319</BookValueAmt>
        <EOYFMVAmt>503319</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TIDELAND ROYALTY TRUST "B"</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>5665</BookValueAmt>
        <EOYFMVAmt>5665</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI GULF OF MEXICO</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>549542</BookValueAmt>
        <EOYFMVAmt>549542</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI OFFSHORE #2</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>122875</BookValueAmt>
        <EOYFMVAmt>122875</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI OKLAHOMA #1</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>154334</BookValueAmt>
        <EOYFMVAmt>154334</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI OKLAHOMA #2</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>46076</BookValueAmt>
        <EOYFMVAmt>46076</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI KANSAS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>96885</BookValueAmt>
        <EOYFMVAmt>96885</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI LOUISIANA</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>27600</BookValueAmt>
        <EOYFMVAmt>27600</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI OKLAHOMA #3</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>38145</BookValueAmt>
        <EOYFMVAmt>38145</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI NM #1</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>4958</BookValueAmt>
        <EOYFMVAmt>4958</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI TEXAS #2</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>89839</BookValueAmt>
        <EOYFMVAmt>89839</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI TEXAS #5</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>481</BookValueAmt>
        <EOYFMVAmt>481</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI LOUISIANA #2</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>385</BookValueAmt>
        <EOYFMVAmt>385</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI LOUISIANA # 3</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>22758</BookValueAmt>
        <EOYFMVAmt>22758</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI NM #2</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>4010</BookValueAmt>
        <EOYFMVAmt>4010</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI TEXAS #2</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>35012</BookValueAmt>
        <EOYFMVAmt>35012</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI TEXAS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>80964</BookValueAmt>
        <EOYFMVAmt>80964</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI LOUISIANA #5</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>24917</BookValueAmt>
        <EOYFMVAmt>24917</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI KANSAS #2</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>94181</BookValueAmt>
        <EOYFMVAmt>94181</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORRI WYOMING #1</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>265359</BookValueAmt>
        <EOYFMVAmt>265359</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MADISON 1600 VICEROY</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>533013</BookValueAmt>
        <EOYFMVAmt>533013</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BACELINE NOP DEBT III</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>269568</BookValueAmt>
        <EOYFMVAmt>269568</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HERITAGE OFFICE BUILDING (PAR CAPITAL)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>691052</BookValueAmt>
        <EOYFMVAmt>691052</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PINNACLE IV</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2765976</BookValueAmt>
        <EOYFMVAmt>2765976</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AMERRA AGRI FUND III</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1417434</BookValueAmt>
        <EOYFMVAmt>1417434</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HACKBERRY CREEK</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1575583</BookValueAmt>
        <EOYFMVAmt>1575583</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MADISON, LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2331004</BookValueAmt>
        <EOYFMVAmt>2331004</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AMERRA AGR FUND II ANNEX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1170122</BookValueAmt>
        <EOYFMVAmt>1170122</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PINNACLE V LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1420681</BookValueAmt>
        <EOYFMVAmt>1420681</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PARR CAPITAL 122 WEST</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2862040</BookValueAmt>
        <EOYFMVAmt>2862040</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AMERRA PIPELINE CAPITAL</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1550136</BookValueAmt>
        <EOYFMVAmt>1550136</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MANOR RV PARK LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>275000</BookValueAmt>
        <EOYFMVAmt>275000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FEDERATED ULTRASHORT BOND INSTL FULIX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>66217</BookValueAmt>
        <EOYFMVAmt>66217</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="19009920" softwareVersionNum="2019v5.0">
      <LandEtcGrp>
        <CategoryOrItemTxt>Furniture and Fixtures</CategoryOrItemTxt>
        <EOYFMVAmt>13341</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>118486</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>105145</AccumulatedDepreciationAmt>
        <BookValueAmt>13341</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>12098</LegalFeesAmt>
        <NetInvestmentIncomeAmt>12073</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>25</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <OtherExpensesScheduleGrp>
        <Desc>CONTRACT LABOR</Desc>
        <RevenueAndExpensesPerBooksAmt>42843</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>21854</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>20989</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>GRAHAM MONTHLY SERVICE FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>912</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>912</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INFORMATION TECHNOLOGY</Desc>
        <RevenueAndExpensesPerBooksAmt>58731</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>21249</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>37482</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>15939</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>15939</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>53652</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>53652</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>7604</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6140</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1464</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OIL &amp; GAS MAINTENANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>28746</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>28746</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PARKING</Desc>
        <RevenueAndExpensesPerBooksAmt>6607</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>4344</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2263</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>886</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>840</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>46</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Rental Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>294906</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SCHOLARSHIP EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>247</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>247</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>6973</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5747</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1226</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE</Desc>
        <RevenueAndExpensesPerBooksAmt>7236</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>4588</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2648</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="19009920" softwareVersionNum="2019v5.0">
      <OtherIncomeDetail>
        <Desc>OIL &amp; GAS ROYALTIES</Desc>
        <RevenueAndExpensesPerBooksAmt>521056</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>521056</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Pass Through UBI from K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>-22724</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Rental Income - Noninvestment Property</Desc>
        <RevenueAndExpensesPerBooksAmt>486468</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="OtherLiabilitiesSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <OtherLiabilitiesDetail>
        <Desc>Deferred Excise Taxes</Desc>
        <BOYBookValueAmt>6430</BOYBookValueAmt>
        <EOYBookValueAmt>6430</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <TaxesDetail>
        <CategoryTxt>dallas property tax</CategoryTxt>
        <Amt>1509</Amt>
        <NetInvestmentIncomeAmt>1509</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>23483</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAX</CategoryTxt>
        <Amt>32522</Amt>
        <NetInvestmentIncomeAmt>15567</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>16955</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>taxes-land</CategoryTxt>
        <Amt>11460</Amt>
        <NetInvestmentIncomeAmt>11460</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>