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        <MethodValuationCd>F</MethodValuationCd>
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      <TotalBookValueSecuritiesAmt>286543447</TotalBookValueSecuritiesAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>STUDENT DEPOSITS</Desc>
        <Amt>15781202</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>INTEREST EXPENSE PAYABLE</Desc>
        <Amt>356597</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>DEFERRED COMPENSATION</Desc>
        <Amt>244930</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>OTHER LONG-TERM LIABILITIES</Desc>
        <Amt>201664</Amt>
      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>LEASE PAYABLE</Desc>
        <Amt>53826</Amt>
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      <TotalLiabilityAmt>16638219</TotalLiabilityAmt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART II, LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>LAND ON BALANCE SHEET - NO FOOTNOTE</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART V, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>ALEXANDER DAWSON FOUNDATION'S ENDOWMENT IS THE DONALD B. OZMUN SCHOLARSHIP FOR PERSONAL EXCELLENCE. THE DONOR CONTRIBUTED $250,000 FOR THE PURPOSE OF ENDOWING A SCHOLARSHIP TO ONE STUDENT AT THE ALEXANDER DAWSON SCHOOL IN LAS VEGAS. THE SCHOLARSHIP ALLOWS ONE STUDENT TO ATTEND THE SCHOOL EACH ACADEMIC YEAR. THE CHILD SHALL BE A CHILD OF AN EMPLOYEE OF THE POLICE, PARAMEDIC OR FIRE DEPARTMENT OF LAS VEGAS OR ITS SURROUNDING COMMUNITIES. THE FUND WILL SATISFY THE COST OF TUITION PLUS UP TO $500 FOR UNIFORMS, BOOKS, ETC. IT IS EXPECTED THAT THE FUND CREATE SUFFICIENT INCOME TO SATISFY THE ANNUAL COMMITMENT AND THE PRINCIPAL OF THE FUND WILL BE PRESERVED TO ALLOW THE SCHOLARSHIP TO BE FUNDED IN PERPETUITY. THE ALEXANDER DAWSON SCHOOLS ENDOWMENT WILL ALLOW THE SCHOOLS TO RELY ON THE ANNUAL INCOME FROM PERMANENTLY INVESTED FUNDS, RELIEVING PRESSURE ON TUITION AND THE SCHOOLS' ANNUAL FUND. TO BE COMPETITIVE WITH THE LEADING COLLEGE PREPARATORY SCHOOLS, THE SCHOOL MUST: -CONTINUE TO CREATE INNOVATIVE PROGRAMS -ATTRACT EXCEPTIONAL, MOTIVATED AND NATURALLY CURIOUS STUDENTS, REGARDLESS OF FINANCIAL NEED, AND -RECRUIT, REWARD, AND RETAIN THE MOST TALENTED AND EXPERIENCED TEACHERS. THE ENDOWMENT GOAL IS TO PROVIDE A SUSTAINABLE LEVEL OF INCOME TO MAINTAIN A FACULTY OF THE HIGHEST CALIBER, TO PROVIDE FINANCIAL AID FOR DESERVING STUDENTS, TO SUPPORT FACULTY PROFESSIONAL TRAINING AND DEVELOPMENT AND TO SUPPORT CURRENT OPERATIONS AND PROVIDE FOR THE LONG-TERM FINANCIAL SECURITY AND STABILITY OF THE SCHOOL IN PERPETUITY.</ExplanationTxt>
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      <NondiscriminatoryPolicyStmtInd>1</NondiscriminatoryPolicyStmtInd>
      <PolicyStmtInBrochuresEtcInd>1</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>1</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>1</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>1</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>1</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>1</MaintainCpyOfAllSolInd>
      <DiscriminateRaceStdntsRghtsInd>0</DiscriminateRaceStdntsRghtsInd>
      <DiscriminateRaceAdmissPlcyInd>0</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>0</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>0</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>0</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>0</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>0</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>0</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>0</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>0</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>1</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE RACIALLY NONDISCRIMINATORY POLICIES OF THE SCHOOLS ARE INCLUDED ON THE SCHOOLS' WEBSITES AND ARE PUBLISHED ANNUALLY IN NEWSPAPERS IN THE LOCAL AREA EACH SPRING.</ExplanationTxt>
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        <RegionTxt>CENTRAL AMERICA AND THE CARIBBEAN</RegionTxt>
        <OfficesCnt>0</OfficesCnt>
        <EmployeeCnt>0</EmployeeCnt>
        <TypeOfActivitiesConductedTxt>INVESTMENTS</TypeOfActivitiesConductedTxt>
        <RegionTotalExpendituresAmt>1582701</RegionTotalExpendituresAmt>
      </AccountActivitiesOutsideUSGrp>
      <SubtotalOfficesCnt>0</SubtotalOfficesCnt>
      <SubtotalEmployeesCnt>0</SubtotalEmployeesCnt>
      <ContinuationTotalOfficeCnt>0</ContinuationTotalOfficeCnt>
      <ContinuationTotalEmployeeCnt>0</ContinuationTotalEmployeeCnt>
      <TotalOfficeCnt>0</TotalOfficeCnt>
      <TotalEmployeeCnt>0</TotalEmployeeCnt>
      <SubtotalSpentAmt>1582701</SubtotalSpentAmt>
      <ContinuationSpentAmt>0</ContinuationSpentAmt>
      <TotalSpentAmt>1582701</TotalSpentAmt>
      <TransferToForeignCorpInd>1</TransferToForeignCorpInd>
      <InterestInForeignTrustInd>0</InterestInForeignTrustInd>
      <ForeignCorpOwnershipInd>1</ForeignCorpOwnershipInd>
      <PassiveForeignInvestmestCoInd>1</PassiveForeignInvestmestCoInd>
      <ForeignPartnershipInd>1</ForeignPartnershipInd>
      <BoycottCountriesInd>0</BoycottCountriesInd>
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        <CharitableContriEvent1Amt>25502</CharitableContriEvent1Amt>
        <GrossRevenueEvent1Amt>309615</GrossRevenueEvent1Amt>
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        <RentFacilityCostsEvent1Amt>54801</RentFacilityCostsEvent1Amt>
        <FoodAndBeverageEvent1Amt>45020</FoodAndBeverageEvent1Amt>
        <EntertainmentEvent1Amt>21691</EntertainmentEvent1Amt>
        <Event2Nm>RM SOIREE</Event2Nm>
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        <CharitableContriEvent2Amt>90000</CharitableContriEvent2Amt>
        <GrossRevenueEvent2Amt>139968</GrossRevenueEvent2Amt>
        <FoodAndBeverageEvent2Amt>7994</FoodAndBeverageEvent2Amt>
        <OtherDirectExpensesEvent2Amt>69130</OtherDirectExpensesEvent2Amt>
        <OtherEventsTotalCnt>6</OtherEventsTotalCnt>
        <GrossReceiptsOtherEventsAmt>131110</GrossReceiptsOtherEventsAmt>
        <CharitableContriOtherEventsAmt>17500</CharitableContriOtherEventsAmt>
        <GrossRevenueOtherEventsAmt>113610</GrossRevenueOtherEventsAmt>
        <RentFcltyCostsOtherEventsAmt>2286</RentFcltyCostsOtherEventsAmt>
        <FoodAndBeverageOtherEventsAmt>8398</FoodAndBeverageOtherEventsAmt>
        <EntertainmentOtherEventsAmt>4551</EntertainmentOtherEventsAmt>
        <OthDirectExpnssOtherEventsAmt>51675</OthDirectExpnssOtherEventsAmt>
        <GrossReceiptsTotalAmt>696195</GrossReceiptsTotalAmt>
        <CharitableContributionsTotAmt>133002</CharitableContributionsTotAmt>
        <GrossRevenueTotalEventsAmt>563193</GrossRevenueTotalEventsAmt>
        <CashPrizesTotalEventsAmt>500</CashPrizesTotalEventsAmt>
        <RentFcltyCostsTotalEventsAmt>57087</RentFcltyCostsTotalEventsAmt>
        <FoodAndBeverageTotalEventsAmt>61412</FoodAndBeverageTotalEventsAmt>
        <EntertainmentTotalEventsAmt>26242</EntertainmentTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>120805</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>266046</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>297147</NetIncomeSummaryAmt>
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      <GrantRecordsMaintainedInd>1</GrantRecordsMaintainedInd>
      <Total501c3OrgCnt>0</Total501c3OrgCnt>
      <TotalOtherOrgCnt>0</TotalOtherOrgCnt>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>FINANCIAL AID - COLORADO</GrantTypeTxt>
        <RecipientCnt>86</RecipientCnt>
        <CashGrantAmt>2163312</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>FINANCIAL AID - NEVADA</GrantTypeTxt>
        <RecipientCnt>95</RecipientCnt>
        <CashGrantAmt>1643821</CashGrantAmt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>FINANCIAL AID IS OFFERED BASED UPON PROVEN NEED AND AVAILABLE FUNDS. THE SCHOOLS UTILIZE A STANDARD SUBMISSION FORMAT FOR ALL FINANCIAL AID APPLICATIONS. THE SERVICE PROVIDES A NEED-BASED FINANCIAL ANALYSIS WHICH INCLUDES A RECOMMENDATION OF WHAT A FAMILY SHOULD REASONABLY CONTRIBUTE TOWARD TUITION. RESULTS ARE REVIEWED BY THE FINANCIAL AID COMMITTEE WHICH MAKES RECOMMENDATIONS BASED ON THE YEAR'S BUDGET. UPON APPROVAL, FINANCIAL AID OFFERS ARE EXTENDED TO THE FAMILIES.</ExplanationTxt>
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      <ClubDuesOrFeesInd>X</ClubDuesOrFeesInd>
      <WrittenPolicyRefTAndEExpnssInd>0</WrittenPolicyRefTAndEExpnssInd>
      <SubstantiationRequiredInd>1</SubstantiationRequiredInd>
      <Form990OfOtherOrganizationsInd>X</Form990OfOtherOrganizationsInd>
      <CompensationSurveyInd>X</CompensationSurveyInd>
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      <SupplementalNonqualRtrPlanInd>0</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>0</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>0</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>0</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>0</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>0</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>0</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>0</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>KIMBERLEY JOHNSTON</PersonNm>
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        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>2838</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>0</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>25875</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>0</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>39465</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>75500</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>701646</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>GEORGE MOORE</PersonNm>
        <TitleTxt>HEAD OF SCHOOL</TitleTxt>
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        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
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        <OtherCompensationRltdOrgsAmt>0</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>43875</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>29485</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>517895</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>W HUNTER CAMPBELL</PersonNm>
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        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>ROXANNE STANSBURY</PersonNm>
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        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
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        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
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        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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        <PersonNm>KATHLEEN MALOY</PersonNm>
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        <DeferredCompensationFlngOrgAmt>0</DeferredCompensationFlngOrgAmt>
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        <TotalCompensationFilingOrgAmt>0</TotalCompensationFilingOrgAmt>
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        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>PEARL GALLAGHER</PersonNm>
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        <OtherCompensationFilingOrgAmt>0</OtherCompensationFilingOrgAmt>
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        <DeferredCompensationFlngOrgAmt>0</DeferredCompensationFlngOrgAmt>
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        <NontaxableBenefitsFilingOrgAmt>0</NontaxableBenefitsFilingOrgAmt>
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        <TotalCompensationRltdOrgsAmt>105500</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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        <PersonNm>BRANDON WILEY</PersonNm>
        <TitleTxt>CAO</TitleTxt>
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        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>DAVID D'ERCOLE</PersonNm>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MICHELLE WOLF</PersonNm>
        <TitleTxt>CFO</TitleTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 1A</FormAndLineReferenceDesc>
        <ExplanationTxt>NEVADA HEAD OF SCHOOL (HOS) EMPLOYMENT AGREEMENT REQUIRES HOS, AS A CONDITION OF EMPLOYMENT, TO LIVE IN THE HEAD OF SCHOOL HOUSE AND SELECTED ALLOWANCES ARE PROVIDED AS A BENEFIT.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 1B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE HEAD OF SCHOOL OF THE NEVADA SCHOOL IS REQUIRED TO LIVE IN THE FOUNDATION-OWNED RESIDENCE PER HER EMPLOYMENT AGREEMENT. THERE IS NO PERSONAL USE REIMBURSEMENT. THE HEAD OF SCHOOL OF THE COLORADO SCHOOL IS ENTITLED TO REIMBURSEMENT FOR APPROVED CLUB MEMBERSHIPS.</ExplanationTxt>
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        <NoncashContributionsRptF990Amt>95271</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>MARKET VALUE</MethodOfDeterminingRevenuesTxt>
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      <Form8283ReceivedCnt>0</Form8283ReceivedCnt>
      <AnyPropertyThatMustBeHeldInd>0</AnyPropertyThatMustBeHeldInd>
      <ReviewProcessUnusualNCGiftsInd>0</ReviewProcessUnusualNCGiftsInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, COLUMN (B):</FormAndLineReferenceDesc>
        <ExplanationTxt>REPORTING THE NUMBER OF ITEMS RECEIVED</ExplanationTxt>
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    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>ALEXANDER DAWSON FOUNDATION (THE FOUNDATION) DOESN'T HAVE EMPLOYEES TO OPERATE THE FOUNDATION BUT RATHER ENGAGES ALEXANDER DAWSON, INC., TO MANAGE AND HANDLE ITS DAY TO DAY OPERATIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE RETURN IS PREPARED FROM DATA GENERATED FROM THE AUDIT AND WITH ADDITIONAL INFORMATION PROVIDED BY THE ALEXANDER DAWSON FOUNDATION. THE CFO AND TRUSTEES REVIEW THE RETURN PREPARED BY THE TAX FIRM PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>EACH TRUSTEE IS REQUIRED TO ANNUALLY CERTIFY TO THE CONFLICT-OF-INTEREST POLICY. ANY TRUSTEE, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, AS DEFINED BELOW, IS AN "INTERESTED PERSON." IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE TRUSTEES AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. COMPENSATION OF TRUSTEES IN ACCORDANCE WITH THE FOUNDATION'S COMPENSATION POLICY SHALL NOT CONSTITUTE A CONFLICT OF INTEREST. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRMAN OF THE FOUNDATION OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED TRUSTEES WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>DETERMINING COMPENSATION FOLLOWS A STUDY OF COMPARABLE DATA, COST OF LIVING, AND OTHER DATA. COMPENSATION IS A LARGE COMPONENT OF THE BUDGETING PROCESS AND IS DISCUSSED IN COMMITTEE. EACH SCHOOL'S FINANCE COMMITTEE COMPLETES AN ANALYSIS OF COMPENSATION FOR ALL EMPLOYEES AND KEY EMPLOYEES DURING THE ANNUAL OPERATING BUDGET PROCESS. THE SCHOOLS COMPARE COMPENSATION AGAINST OTHER SCHOOLS IN THE AREA AND OTHER INDEPENDENT SCHOOLS AND STUDY COST OF LIVING DATA, ETC. THE SCHOOLS' FINANCE COMMITTEES THEN MAKE A RECOMMENDATION TO THE BOARD OF TRUSTEES IN THE FALL REQUESTING APPROVAL FOR THE NEXT SCHOOL YEAR. THE RESOLUTION IS RECORDED IN THE BOARD MINUTES. THE REVIEW PROCESS FOR THE SCHOOLS WAS LAST COMPLETED IN 2025.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>ALEXANDER DAWSON FOUNDATION (THE FOUNDATION) MAKES ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. THE FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XII, LINE 2C:</FormAndLineReferenceDesc>
        <ExplanationTxt>ALEXANDER DAWSON FOUNDATION'S OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR TAX YEAR.</ExplanationTxt>
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  </ReturnData>
</Return>