﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2024v5.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-12-03T14:07:21-08:00</ReturnTs>
    <TaxPeriodEndDt>2025-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>742981758</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Dunagan Jack LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>4833 Spicewood Springs Rd Ste 102</AddressLine1Txt>
        <CityNm>Austin</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>78759</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>741966306</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>Texas Pioneer Foundation</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>TEXA</BusinessNameControlTxt>
      <PhoneNum>5127572932</PhoneNum>
      <USAddress>
        <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
        <CityNm>Texarkana</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>75503</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Fred Markham</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2025-12-03</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>Gary Joseph Jack</PreparerPersonNm>
      <PTIN>P00184408</PTIN>
      <PhoneNum>5124208997</PhoneNum>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="13">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation BinaryAttachment.1 BinaryAttachment.2 BinaryAttachment.3" softwareId="24020490" softwareVersionNum="2024v5.2">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>69288817</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>1668667</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>1668667</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>1894098</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>9973397</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>1894098</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>3562765</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>3562765</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>235075</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>23508</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>211567</CompOfcrDirTrstDsbrsChrtblAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>162410</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>16241</OthEmplSlrsWgsNetInvstIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>146169</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>51973</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>5197</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftDsbrsChrtblAmt>46776</PensionEmplBnftDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSchedule">1650</LegalFeesRevAndExpnssAmt>
        <LegalFeesDsbrsChrtblAmt>1650</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">21960</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>2905</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>19055</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">308008</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>308008</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">56626</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>13475</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>23151</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="DepreciationSchedule">3148</DeprecAndDpltnRevAndExpnssAmt>
        <TravConfMeetingRevAndExpnssAmt>7356</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingDsbrsChrtblAmt>7356</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">579680</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>3985</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>575653</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>1427886</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>373319</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>1031377</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>2133230</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>2133230</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>3561116</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>373319</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>3164607</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>1649</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>3189446</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>90943</CashBOYAmt>
        <CashEOYAmt>74302</CashEOYAmt>
        <CashEOYFMVAmt>74302</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>483171</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>245560</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>245560</SavAndTempCashInvstEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>8195548</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="InvestmentsGovtObligationsSche">6387971</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>6387971</USGovtObligationsEOYFMVAmt>
        <CorporateBondsBOYAmt>7665081</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="InvestmentsCorpBondsSchedule">13625123</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>13625123</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>48706396</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">48948607</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>48948607</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>13168</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>7553</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>6700</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="LandEtcSchedule2">5615</LandEOYAmt>
        <LandEOYFMVAmt>5615</LandEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="OtherAssetsSchedule">1681</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSchedule">1639</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="OtherAssetsSchedule">1639</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>65149520</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>69288817</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>69288817</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>565</AccountsPayableBOYAmt>
        <TotalLiabilitiesBOYAmt>565</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>65148955</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>69288817</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>65148955</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>69288817</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>65149520</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>69288817</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>65148955</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>1649</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSchedule">4138213</OtherIncreasesAmt>
        <SubtotalAmt>69288817</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>69288817</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Publicly Traded Securities</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2025-06-30</AcquiredDt>
          <SoldDt>2025-06-30</SoldDt>
          <GrossSalesPriceAmt>9973397</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8079299</CostOrOtherBasisAmt>
          <GainOrLossAmt>1894098</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1894098</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>1894098</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>1894098</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>44333</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>44333</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>44333</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>43650</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>43650</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <EsPenaltyAmt>20</EsPenaltyAmt>
        <TaxDueAmt>703</TaxDueAmt>
        <AppliedToESTaxAmt>0</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <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.texaspioneerfoundation.org</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>Fred Markham</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>5127572932</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
          <CityNm>Texarkana</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>75503</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>false</BusinessHoldingsInd>
        <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>Fred Markham</PersonNm>
          <USAddress>
            <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
            <CityNm>Texarkana</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>227075</CompensationAmt>
          <EmployeeBenefitProgramAmt>30611</EmployeeBenefitProgramAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Cliff Bandy</PersonNm>
          <USAddress>
            <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
            <CityNm>Texarkana</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Dick Cummins</PersonNm>
          <USAddress>
            <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
            <CityNm>Texarkana</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Margaret Lindsey</PersonNm>
          <USAddress>
            <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
            <CityNm>Texarkana</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </USAddress>
          <TitleTxt>Sec/Treasurer</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Katie Andrus</PersonNm>
          <USAddress>
            <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
            <CityNm>Texarkana</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>Michelle Coburn</PersonNm>
          <USAddress>
            <AddressLine1Txt>9404 Danube Ave</AddressLine1Txt>
            <CityNm>Texarkana</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </USAddress>
          <TitleTxt>Program Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>162410</CompensationAmt>
          <EmployeeBenefitsAmt>21362</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>JP Morgan</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>270 Park Avenue</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>Investment advisor</ServiceTypeTxt>
          <CompensationAmt>308008</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>Texas Education Foundation Network supports school foundations in Texas, provides networking opportunities, shares best practices, and provides training &amp; resources needed for foundations to be successful.</Description1Txt>
        <Expenses1Amt>595689</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>66751463</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>71356</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>66822819</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>66822819</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1002342</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>65820477</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>3291024</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>3291024</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>44333</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>44333</TotalTaxAmt>
        <DistributableBeforeAdjAmt>3246691</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>3246691</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>3246691</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>3164607</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>3164607</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>3246691</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>2132551</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>3164607</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>2132551</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>1032056</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>2214635</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>See attached listing Attachment B</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>Various</AddressLine1Txt>
            <CityNm>Various</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>(c)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Educational</GrantOrContributionPurposeTxt>
          <Amt>2133230</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>2133230</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientPersonNm>See attached listing Attachment C</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>Various</AddressLine1Txt>
            <CityNm>Various</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75503</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>(c)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Educational</GrantOrContributionPurposeTxt>
          <Amt>955000</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>955000</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1668667</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>1894098</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>3562765</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>3562765</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>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <AccountingFeesDetail>
        <CategoryTxt>Accounting</CategoryTxt>
        <Amt>5810</Amt>
        <NetInvestmentIncomeAmt>2905</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2905</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>Audit/Tax</CategoryTxt>
        <Amt>16150</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>16150</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <AmortizationSchedule documentId="AmortizationSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <AmortizationScheduleDetail>
        <AmortizedExpensesDesc>Oranizational Costs</AmortizedExpensesDesc>
        <AcquiredCompletedOrExpendedDt>2004-07-12</AcquiredCompletedOrExpendedDt>
        <AmortizedAmt>2500</AmortizedAmt>
        <DeductionForPriorYearsAmt>819</DeductionForPriorYearsAmt>
        <AmortizationPeriodRt>60.0000</AmortizationPeriodRt>
        <CurrentYearAmortizationAmt>42</CurrentYearAmortizationAmt>
        <TotalAmortizationAmt>861</TotalAmortizationAmt>
      </AmortizationScheduleDetail>
    </AmortizationSchedule>
    <DepreciationSchedule documentId="DepreciationSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <DepreciationPropertyGrp>
        <PropertyDesc>Apple laptop</PropertyDesc>
        <AcquiredDt>2020-10-30</AcquiredDt>
        <CostOrOtherBasisAmt>1220</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>895</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>244</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Apple laptop</PropertyDesc>
        <AcquiredDt>2020-11-23</AcquiredDt>
        <CostOrOtherBasisAmt>2553</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1831</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>511</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Apple desktop</PropertyDesc>
        <AcquiredDt>2021-04-30</AcquiredDt>
        <CostOrOtherBasisAmt>2150</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1362</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>430</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Apple iPad</PropertyDesc>
        <AcquiredDt>2022-06-24</AcquiredDt>
        <CostOrOtherBasisAmt>1815</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>726</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>363</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Apple computer</PropertyDesc>
        <AcquiredDt>2022-08-24</AcquiredDt>
        <CostOrOtherBasisAmt>3570</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1309</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>714</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Apple computer</PropertyDesc>
        <AcquiredDt>2022-10-24</AcquiredDt>
        <CostOrOtherBasisAmt>2271</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>757</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>454</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>Apple laptop x2</PropertyDesc>
        <AcquiredDt>2024-07-23</AcquiredDt>
        <CostOrOtherBasisAmt>2356</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>432</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <InvestmentsCorporateBondsGrp>
        <BondNm>Corporate bonds (Attachment A)</BondNm>
        <EOYBookValueAmt>13625123</EOYBookValueAmt>
        <EOYFMVAmt>13625123</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsGovtObligationsSch documentId="InvestmentsGovtObligationsSche" softwareId="24020490" softwareVersionNum="2024v5.2">
      <USGovtObligationsBookVlEOYAmt>391702</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>391702</USGovtObligationsEOYFMVAmt>
      <StateLocalSecBookVlEOYAmt>5996269</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>5996269</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="24020490" softwareVersionNum="2024v5.2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Mutual funds (Attachment A)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>33717591</BookValueAmt>
        <EOYFMVAmt>33717591</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Exchange traded funds (Attachment A)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>4910354</BookValueAmt>
        <EOYFMVAmt>4910354</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Govt asset backed/CMO (Attachment A)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>742282</BookValueAmt>
        <EOYFMVAmt>742282</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Hedge and real estate funds (Attach A)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>9578380</BookValueAmt>
        <EOYFMVAmt>9578380</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="24020490" softwareVersionNum="2024v5.2">
      <LandEtcGrp>
        <CategoryOrItemTxt>Furniture and Fixtures</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1006</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1006</AccumulatedDepreciationAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>12162</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6547</AccumulatedDepreciationAmt>
        <BookValueAmt>5615</BookValueAmt>
        <EOYFMVAmt>5615</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <LegalFeesGrp>
        <CategoryTxt>Legal fees</CategoryTxt>
        <LegalFeesAmt>1650</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1650</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherAssetsScheduleGrp>
        <Desc>Net Intangible Assets</Desc>
        <BOYBookValueAmt>1681</BOYBookValueAmt>
        <EOYBookValueAmt>1639</EOYBookValueAmt>
        <EOYFMVAmt>1639</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherExpensesScheduleGrp>
        <Desc>Amortization</Desc>
        <RevenueAndExpensesPerBooksAmt>42</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Board meetings</Desc>
        <RevenueAndExpensesPerBooksAmt>12633</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1263</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>11370</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Conference and workshop facilities</Desc>
        <RevenueAndExpensesPerBooksAmt>396152</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>396152</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Conference and workshop other expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>121059</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>121059</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Dues and subscriptions</Desc>
        <RevenueAndExpensesPerBooksAmt>6988</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>699</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6289</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Grant management system</Desc>
        <RevenueAndExpensesPerBooksAmt>22580</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>22580</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Insurance</Desc>
        <RevenueAndExpensesPerBooksAmt>10320</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1032</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>9288</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office supplies</Desc>
        <RevenueAndExpensesPerBooksAmt>1587</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>159</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1428</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Other expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>4016</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>402</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3614</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Payroll processing fees</Desc>
        <RevenueAndExpensesPerBooksAmt>1903</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>190</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1713</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Telephone</Desc>
        <RevenueAndExpensesPerBooksAmt>2400</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>240</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2160</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment advisory fees</CategoryTxt>
        <Amt>308008</Amt>
        <NetInvestmentIncomeAmt>308008</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <TaxesDetail>
        <CategoryTxt>Federal excise taxes</CategoryTxt>
        <Amt>20000</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Payroll taxes</CategoryTxt>
        <Amt>25723</Amt>
        <NetInvestmentIncomeAmt>2572</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>23151</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Taxes withheld from investments</CategoryTxt>
        <Amt>10903</Amt>
        <NetInvestmentIncomeAmt>10903</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>