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        <FormAndLineReferenceDesc>SUPPLEMENTAL INFORMATION</FormAndLineReferenceDesc>
        <ExplanationTxt>PART III, LINE 12: SALE OF SECURITIES: 19,369</ExplanationTxt>
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        <GrantTypeTxt>FRANKIE LOU JETT SCHOLARS</GrantTypeTxt>
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        <FormAndLineReferenceDesc>SCHEDULE I, PAGE 1, PART I, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>PART 1 LINE 2: THE FOUNDATION MAINTAINS RECORDS STATING THE AMOUNT OF SCHOLARSHIP PAID FOR EACH STUDENT FOR THE NAVARRO COMMUNITY COLLEGE COURSES TAKEN WHILE A STUDENT AT WAXAHACHIE HIGH SCHOOL. THE FOUNDATION SUBMITS A PAYMENT TO THE COLLEGE EACH SEMESTER BASED ON THE TOTAL SEMESTER HOURS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD IS GIVEN A COPY OF THE RETURN FOR THEIR REVIEW.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THERE ARE NO VOTING RIGHTS IF THE DIRECTOR'S SPOUSE IS A TEACHER. SERVICES AND ITEMS CANNOT BE PURCHASED FROM BOARD MEMBERS. THESE ARE MONITORED REGULARLY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>UPON WRITTEN REQUEST.</ExplanationTxt>
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      <SupplementalInformationDetail>
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</Return>
