﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2017v2.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2019-11-14T16:32:58-08:00</ReturnTs>
    <TaxPeriodEndDt>2017-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>460761538</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Boatright CPA PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>PO Box 1</AddressLine1Txt>
        <CityNm>Round Mountain</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>78663</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2017-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>066463395</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>BLACK FAMILY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>BLAC</BusinessNameControlTxt>
      <PhoneNum>8308253138</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 7907</AddressLine1Txt>
        <CityNm>HORSESHOE BAY</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>78657</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>C ROBERT BLACK</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2019-11-14</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Rory Boatright CPA</PreparerPersonNm>
      <PTIN>P00232371</PTIN>
      <PhoneNum>8308253236</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2017</TaxYr>
    <BuildTS>2020-03-31 21:24:44Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="17005038" softwareVersionNum="2017v2.2">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>1137560</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>31433</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>31433</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>43869</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>468909</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>43869</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>75302</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>75302</TotalNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">947</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>947</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">7277</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>7277</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>8224</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>8224</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>50000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>50000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>58224</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>8224</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>50000</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>17078</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>67078</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>22793</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>17583</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>17583</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>680225</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">783491</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>842933</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>200711</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="InvestmentsCorpBondsSchedule">161832</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>165555</CorporateBondsEOYFMVAmt>
        <InvstLandCostOrOtherBasisAmt>26423</InvstLandCostOrOtherBasisAmt>
        <LandBldgInvestmentsBOYAmt>41625</LandBldgInvestmentsBOYAmt>
        <LandBldgInvestmentsEOYAmt referenceDocumentId="InvestmentsLandSchedule2">26423</LandBldgInvestmentsEOYAmt>
        <LandBldgInvestmentsEOYFMVAmt>27565</LandBldgInvestmentsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>83316</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">76419</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>83924</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>1028670</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>1065748</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1137560</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <CapitalStockBOYAmt>832913</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>852913</CapitalStockEOYAmt>
        <RetainedEarningBOYAmt>195757</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>212835</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1028670</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>1065748</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1028670</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>1065748</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1028670</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>17078</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSchedule">20000</OtherIncreasesAmt>
        <SubtotalAmt>1065748</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>1065748</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NORTHERN TRUST ST SALES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2017-01-01</AcquiredDt>
          <SoldDt>2017-12-31</SoldDt>
          <GrossSalesPriceAmt>323662</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>286752</CostOrOtherBasisAmt>
          <GainOrLossAmt>36910</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>36910</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NORTHERN TRUST LT SALES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-06-30</AcquiredDt>
          <SoldDt>2017-12-31</SoldDt>
          <GrossSalesPriceAmt>135869</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>138288</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2419</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2419</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-06-30</AcquiredDt>
          <SoldDt>2017-12-31</SoldDt>
          <GrossSalesPriceAmt>9378</GrossSalesPriceAmt>
          <GainOrLossAmt>9378</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>9378</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>43869</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>20000</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>972650</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.02056</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>72338</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>934458</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.07741</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>12500</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>952073</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.01313</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>39420</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>987454</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.03992</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>40104</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>906793</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.04423</DistributionYr5Rt>
        <TotalDistributionRt>0.195250</TotalDistributionRt>
        <AverageDistributionRt>0.039050</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>1120497</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>43755</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>671</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>44426</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>50000</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>671</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>671</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>671</TaxBasedOnInvestmentIncomeAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <EsPenaltyAmt>21</EsPenaltyAmt>
        <TaxDueAmt>692</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>false</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>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>BILLIE K BLACK</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>8308253138</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 7907</AddressLine1Txt>
          <CityNm>HORSESHOE BAY</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>78657</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</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>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>C ROBERT BLACK</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 7907</AddressLine1Txt>
            <CityNm>HORSESHOE BAY</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78657</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BILLIE BLACK</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 7907</AddressLine1Txt>
            <CityNm>HORSESHOE BAY</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78657</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KEVIN ROBERT BLACK</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 7907</AddressLine1Txt>
            <CityNm>HORSESHOE BAY</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78657</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SUSAN BLACK HANDLEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 7907</AddressLine1Txt>
            <CityNm>HORSESHOE BAY</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78657</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1008488</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>17583</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>111489</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1137560</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1137560</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>17063</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1120497</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>56025</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>56025</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>671</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>671</TotalTaxAmt>
        <DistributableBeforeAdjAmt>55354</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>55354</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>55354</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>50000</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>50000</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>671</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>49329</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>55354</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>45569</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>50000</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>45569</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>4431</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>50923</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BAYLOR SCOTT &amp; WHITE FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2401 S 31ST STREET</AddressLine1Txt>
            <CityNm>TEMPLE</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76508</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEXAS A&amp;M UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>401 GEORGE BUSH DR</AddressLine1Txt>
            <CityNm>COLLEGE STATION</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77840</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TX TECH ALUMNI SCHOLARSHIP FUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 45001</AddressLine1Txt>
            <CityNm>LUBBOCK</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79409</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>NEW HORIZON'S FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>5550 TECH CENTER DR STE 303</AddressLine1Txt>
            <CityNm>COLORADO SPRINGS</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80919</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>AMERICAN HEART ASSOCIATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>7272 GREENVILLE AVE</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75231</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>50000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>31433</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>43869</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>75302</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>75302</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>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedule" softwareId="17005038" softwareVersionNum="2017v2.2">
      <InvestmentsCorporateBondsGrp>
        <BondNm>FIXED INCOME SECURITIES</BondNm>
        <EOYBookValueAmt>161832</EOYBookValueAmt>
        <EOYFMVAmt>165555</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="17005038" softwareVersionNum="2017v2.2">
      <InvestmentsCorporateStockGrp>
        <StockNm>EQUITY SECURITIES</StockNm>
        <EOYBookValueAmt>783491</EOYBookValueAmt>
        <EOYFMVAmt>842933</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsLandSchedule2 documentId="InvestmentsLandSchedule2" softwareId="17005038" softwareVersionNum="2017v2.2">
      <InvestmentLandGrp>
        <CategoryOrItemTxt>Land</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>26423</CostOrOtherBasisAmt>
        <BookValueAmt>26423</BookValueAmt>
        <EOYFMVAmt>27565</EOYFMVAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="17005038" softwareVersionNum="2017v2.2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>COMMODITIES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>76419</BookValueAmt>
        <EOYFMVAmt>83924</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="17005038" softwareVersionNum="2017v2.2">
      <OtherExpensesScheduleGrp>
        <Desc>BROKERAGE TRUSTEE FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>7277</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7277</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="OtherIncreasesSchedule" softwareId="17005038" softwareVersionNum="2017v2.2">
      <OtherIncreasesDetail>
        <Desc>DONATIONS RECEIVED</Desc>
        <Amt>20000</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="17005038" softwareVersionNum="2017v2.2">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES PAID</CategoryTxt>
        <Amt>947</Amt>
        <NetInvestmentIncomeAmt>947</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>