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        <ContributorBusinessName>
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          <AddressLine2>RESTRICTED</AddressLine2>
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        <EndYearBalanceAmt>6214704</EndYearBalanceAmt>
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        <AdministrativeExpensesAmt>224934</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>5914690</EndYearBalanceAmt>
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        <AdministrativeExpensesAmt>201866</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>6768094</EndYearBalanceAmt>
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        <AdministrativeExpensesAmt>198927</AdministrativeExpensesAmt>
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      <EndowmentsHeldRelatedOrgInd>0</EndowmentsHeldRelatedOrgInd>
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        <MethodValuationCd>F</MethodValuationCd>
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      <OtherSecuritiesGrp>
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      <OtherSecuritiesGrp>
        <Desc>OTHER PARTNERSHIPS</Desc>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART V, LINE 4:</FormAndLineReferenceDesc>
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      <SupplementalInformationDetail>
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      <SupplementalInformationDetail>
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      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>UNIVERSITY OF ARKANSAS</BusinessNameLine1Txt>
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        <USAddress>
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      <SupplementalInformationDetail>
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        <TitleTxt>SENIOR DIRECTOR OF DEVELOP</TitleTxt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>QUINN GROVEY</PersonNm>
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        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
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        <ExplanationTxt>EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINED THE SALARY OF THE EXECUTIVE DIRECTOR.</ExplanationTxt>
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        <ContributionCnt>26</ContributionCnt>
        <NoncashContributionsRptF990Amt>1987345</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>HI/LO AVG STOCK PRICE</MethodOfDeterminingRevenuesTxt>
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      <ReviewProcessUnusualNCGiftsInd>0</ReviewProcessUnusualNCGiftsInd>
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        <FormAndLineReferenceDesc>PART I, LINE 32B:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FOUNDATION USES A STOCK BROKER TO SELL PUBLICLY TRADED STOCK THAT IS DONATED.</ExplanationTxt>
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    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HAS MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>CERTAIN MEMBERS VOTE ANNUALLY TO ELECT THE BOARD OF DIRECTORS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990 IS REVIEWED BY MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CONFLICT OF INTEREST POLICY IS REVIEWED AT THE ANNUAL BOARD MEETINGS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR. ALL OTHER SALARIES ARE INCLUDED IN THE ANNUAL BUDGET APPROVED BY THE BOARD OF DIRECTORS. FURTHER, A THIRD-PARTY WAS USED TO PERFORM SALARY STUDIES FOR ALL POSITIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART IX, LINE 11G</FormAndLineReferenceDesc>
        <ExplanationTxt>PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,902,926. FUNDRAISING EXPENSES 25,796. TOTAL EXPENSES 3,928,722.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9:</FormAndLineReferenceDesc>
        <ExplanationTxt>A CLUB INCOME &amp; EXPENSES -11,218. CHANGE IN CASH SURRENDER VALUE LIFE INSURANCE -52,441. PROVISION FOR UNCOLLECTIBLE ACCOUNTS -191,960.</ExplanationTxt>
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          <CityNm>FAYETTEVILLE</CityNm>
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          <CityNm>FAYETTEVILLE</CityNm>
          <StateAbbreviationCd>AR</StateAbbreviationCd>
          <ZIPCd>72701</ZIPCd>
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          <CityNm>FAYETTEVILLE</CityNm>
          <StateAbbreviationCd>AR</StateAbbreviationCd>
          <ZIPCd>72701</ZIPCd>
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        <PrimaryActivitiesTxt>FORMER LETTER WINNER CLUB</PrimaryActivitiesTxt>
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</Return>
