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        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DIANE S WENDLAND</NamePerson>
        <Title>TRUSTEE</Title>
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        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BISHOP WILLIAM H WILLIMO</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>0.00</AverageHoursPerWeek>
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        <NamePerson>REV DR P LAWRENCE BRYARS</NamePerson>
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        <NamePerson>JOHN C BULLARD SR</NamePerson>
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        <NamePerson>HON LEURA G CANARY</NamePerson>
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        <NamePerson>WANDA A HOWARD</NamePerson>
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        <NamePerson>PHILIP C JACKSON III</NamePerson>
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        <NamePerson>DR G MARK KINGRY</NamePerson>
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        <NamePerson>BISHOP PAUL L LEELAND</NamePerson>
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        <NamePerson>E TEMPLE MILLSAP III</NamePerson>
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        <NamePerson>THOMAS J PRESCOTT</NamePerson>
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        <NamePerson>ERIC K ROSS</NamePerson>
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        <NamePerson>DR W HERBERT SADLER JR</NamePerson>
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        <NamePerson>WILLIAM B SELLERS</NamePerson>
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        <NamePerson>WILLIAM B WILSON</NamePerson>
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        <NamePerson>JOHN M WISE SR</NamePerson>
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        <NamePerson>DR J CAMERON WEST</NamePerson>
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        <NamePerson>EDWARD TRIMMER</NamePerson>
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        <ManagementAndGeneral>46700</ManagementAndGeneral>
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        <ManagementAndGeneral>193964</ManagementAndGeneral>
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        <ManagementAndGeneral>145</ManagementAndGeneral>
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        <ProgramServices>1129545</ProgramServices>
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        <ProgramServices>567679</ProgramServices>
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        <EOY>23198400</EOY>
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        <EOY>1005196</EOY>
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        <EOY>38796848</EOY>
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        <EOY>43149280</EOY>
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      <TotalLiabNetAssetsFundBalances>
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        <EOY>71129452</EOY>
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      <AuditCommittee>1</AuditCommittee>
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      <FederalGrantAuditPerformed>1</FederalGrantAuditPerformed>
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      <School170b1Aii>X</School170b1Aii>
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        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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      <PublicationsOrBroadcast>0</PublicationsOrBroadcast>
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      <TotalLobbyingExpendituresIIB>30000</TotalLobbyingExpendituresIIB>
      <NotDescribedIn501c3>0</NotDescribedIn501c3>
      <Form990ScheduleCPartIV>
        <Identifier>Part II-B, Line 1i:</Identifier>
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      <TotalOfBookValueLandBuildings>29088580</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>DEPOSITS WITH BOND TRUSTEES</Description>
        <BookValue>731252</BookValue>
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      <OtherAssets>
        <Description>INTERESTS IN PERPETUAL TRUSTS</Description>
        <BookValue>21683820</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>STUDENT LOANS RECEIVABLE</Description>
        <BookValue>783328</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>23198400</TotalBookValueOtherAssets>
      <OtherLiabilities>
        <Description>BONDS PAYABLE</Description>
        <Amount>18000</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>ANNUITIES</Description>
        <Amount>130161</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>ADVANCES FROM FEDERAL GOVT FOR STUDENT LOANS</Description>
        <Amount>857035</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>1005196</TotalOfAmounts>
      <TotalRevenue>24510384</TotalRevenue>
      <TotalExpenses>26458307</TotalExpenses>
      <ExcessOrDeficitForYear>-1947923</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>1048385</NetUnrealizedGLOnInvestments>
      <OtherAmount>977409</OtherAmount>
      <TotalAdjustments>2025794</TotalAdjustments>
      <ExcessOrDeficitPerFS>77871</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>18348684</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>1048385</NetUnrealizedGainsInvestments>
      <OtherRevenues>977409</OtherRevenues>
      <RevenueNotRptdF990>2025794</RevenueNotRptdF990>
      <RevenueSubtotal>16322890</RevenueSubtotal>
      <OtherRevenuesNotIncluded>8187494</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>8187494</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>24510384</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>18270813</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
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      <ExpensesNotRptdOnFinStmt>8187494</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>26458307</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XI, Line 8 - Other Adjustments:</Identifier>
        <Explanation>Unrealized gain on perpetual trusts held by others</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XII, Line 2d - Other Adjustments:</Identifier>
        <Explanation>Unrealized Gain on perpetual trusts held by others</Explanation>
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      <Form990ScheduleDPartXIV>
        <Identifier>Part XII, Line 4b - Other Adjustments:</Identifier>
        <Explanation>STUDENT ASSISTANCE</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XIII, Line 4b - Other Adjustments:</Identifier>
        <Explanation>STUDENT ASSISTANCE</Explanation>
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      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <PubViaBroadcastMediaExpln>ALL RECRUITING, SOLICITATION AND ADMISSIONS MATERIAL INCLUDES THE NONDISCRIMINATORY LANGUAGE, AS DO APPLICATIONS. THE COLLEGE CATALOG IS THE LEGAL CONTRACT OF THE COLLEGE WITH STUDENTS &amp; INCLUDES THE NONDISCRIMINATORY LANGUAGE.</PubViaBroadcastMediaExpln>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>0</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>1</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <GovtFinancialAidExplanation>THE COLLEGE PARTICIPATES IN U.S. DEPARTMENTS OF EDUCATION TITLE IV PROGRAMS AND STATE OF ALABAMA STUDENT FINANCIAL AID PROGRAMS.</GovtFinancialAidExplanation>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
    </IRS990ScheduleE>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>1</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Huntingdon Scholarships</TypeOfGrant>
        <NumberOfRecipients>946</NumberOfRecipients>
        <AmountOfCashGrant>7564181</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Outside Scholarships and Assistance</TypeOfGrant>
        <NumberOfRecipients>168</NumberOfRecipients>
        <AmountOfCashGrant>623313</AmountOfCashGrant>
        <MethodOfValuation>FMV</MethodOfValuation>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>Procedure for Monitoring Grants in the U.S.:</Identifier>
        <ReturnReference>Part I, Line 2:</ReturnReference>
        <Explanation>Schedule I, Part I, Line 2: Disbursements in furtherance of the institution's exempt programs are made in accordance with procedures or subject to conditions established by the institution's governing board designed to insure that individuals and organizations receiving disbursements from this organization in furtherance of its exempt programs are adequately investigated to insure that they are qualifying recipients as to academic achievement, financial need, and other similar standards.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <ClubDuesOrFees>X</ClubDuesOrFees>
      <WrittenPolicyReTAndEExpenses>1</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>1</SubstantiationRequired>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>0</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>0</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>0</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>0</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>0</AnyNonFixedPayments>
      <InitialContractException>0</InitialContractException>
      <Form990ScheduleJPartII>
        <NameBusiness>
          <BusinessNameLine1>DR J CAMERON WEST</BusinessNameLine1>
        </NameBusiness>
        <BaseCompensationFilingOrg>192293</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>19061</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>22176</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>233530</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
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    <IRS990ScheduleK documentId="RetDoc1053100001">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>Greater Montgomery Educational Building Authority</BusinessNameLine1>
        </IssuerName>
        <DateIssued>1998-12-31</DateIssued>
        <IssuePrice>9220000</IssuePrice>
        <DescriptionOfPurpose>Renovations to building and refund older issues</DescriptionOfPurpose>
        <Defeased>0</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>Greater Montgomery Educational Building Authority</BusinessNameLine1>
        </IssuerName>
        <DateIssued>2009-08-21</DateIssued>
        <IssuePrice>17853386</IssuePrice>
        <DescriptionOfPurpose>Refinancing of debt</DescriptionOfPurpose>
        <Defeased>0</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
      </Form990ScheduleKPartI>
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        <CapitalExpenditures>500000</CapitalExpenditures>
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        <CurrentRefunding>0</CurrentRefunding>
        <AdvanceRefunding>1</AdvanceRefunding>
        <FinalAllocationMade>1</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <TotalProceeds>17853386</TotalProceeds>
        <IssuanceCostsFromProceeds>48558</IssuanceCostsFromProceeds>
        <YearOfSubstCompletion>2009</YearOfSubstCompletion>
        <CurrentRefunding>0</CurrentRefunding>
        <AdvanceRefunding>1</AdvanceRefunding>
        <FinalAllocationMade>1</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
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        <AnyLeaseArrangements>0</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>0</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>0</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>0</BondCounselRoutinelyEngaged>
        <PostIssuanceComplianceProcdrs>0</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
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        <AnyLeaseArrangements>0</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>0</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>0</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>0</BondCounselRoutinelyEngaged>
        <PostIssuanceComplianceProcdrs>0</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>0</Form8038TFiled>
        <VariableRateIssue>0</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>0</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>0</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>0</GrossProceedsInvested>
        <ExceptionToRebate>0</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>0</Form8038TFiled>
        <VariableRateIssue>0</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>0</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>0</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>0</GrossProceedsInvested>
        <ExceptionToRebate>0</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleM documentId="RetDoc1042900001">
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>7</NumberOfContributions>
        <NoncashContribsRptdF990>352295</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>Fair Market Value</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <AnyPropertyThatMustBeHeld>0</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>1</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>0</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section A, line 4</Identifier>
        <Explanation>The By-laws were amended to expand the duties and responsibilities of the President.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 11</Identifier>
        <Explanation>A copy of Form 990 is provided to the board for review.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 12c</Identifier>
        <Explanation>Board members are required to sign the conflict of interest policy annually. They are also required to disclose any conflicts if they arise throughout the year. The signed statements are reviewed by the Board Chair.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section B, line 15</Identifier>
        <Explanation>A compensation study was done. Compensation requires approval by the board compensation committee.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Section C, line 19</Identifier>
        <Explanation>The governing documents, conflict of interest policy and financial statements are available upon request.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part XI, Line 2c</Identifier>
        <Explanation>This process has not changed since the prior year.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>