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          <TitleTxt>BOOKKEEPER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>60280</CompensationAmt>
          <EmployeeBenefitsAmt>48096</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>SORAYA VICENTE</PersonNm>
          <USAddress>
            <AddressLine1Txt>1250 NE LOOP 410 SUITE 810</AddressLine1Txt>
            <CityNm>SAN ANTONIO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78209</ZIPCd>
          </USAddress>
          <TitleTxt>STUDENT LOAN</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>58935</CompensationAmt>
          <EmployeeBenefitsAmt>48721</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName referenceDocumentId="RetDoc3">
            <BusinessNameLine1Txt>LAW OFFICES OF CURL STAHL GEIS</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>700 NORTH ST MARYS SUITE 1800</AddressLine1Txt>
            <CityNm>SAN ANTONIO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78205</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>SL COLLECTIONS</ServiceTypeTxt>
          <CompensationAmt>97421</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>STUDENT AID LIBRARY AND INFORMATION CENTER. SEE STMT 19.</Description1Txt>
        <Expenses1Amt>376316</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>STUDENT LOAN PROGRAM, EDUCATIONAL LOANS TO INDIVIDUALS.</Description1Txt>
        <Expenses1Amt>72500</Expenses1Amt>
        <TotalAmt>72500</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>20980030</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>342017</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>3483234</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>24805281</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>24805281</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>372079</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>24433202</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1221660</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1221660</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>21040</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>21040</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1200620</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>27463</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>1228083</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>1228083</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>1600488</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>72500</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>1672988</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1228083</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>519675</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>451840</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>329842</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>538233</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>612210</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>2451800</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>1672988</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>1228083</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>444905</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>2896705</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>519675</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>2377030</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>451840</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>329842</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>538233</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>612210</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>444905</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>JEANETTE ARELLANO</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1250 NE LOOP 410 SUITE 810</AddressLine1Txt>
            <CityNm>SAN ANTONIO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78209</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>2105258494</RecipientPhoneNum>
          <RecipientEmailAddressTxt>JARELLANO@MSPF.ORG</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>SEE STATEMENT 20</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>SEE STATEMENT 20</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>SEE STATEMENT 20</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PIPER PROFESSOR PROGRAM</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1250 NE LOOP 410 STE 810</AddressLine1Txt>
            <CityNm>SAN ANTONIO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78209</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>N/A</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPERIOR TEACHING AWARDS</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PIPER SCHOLARS PROGRAM</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1250 NE LOOP 410 STE 810</AddressLine1Txt>
            <CityNm>SAN ANTONIO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78209</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>N/A</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARDSHIP AWARDS</GrantOrContributionPurposeTxt>
          <Amt>324500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>VARIOUS CONTRIBUTIONS SEE STMT 21</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1250 NE LOOP 410 STE 810</AddressLine1Txt>
            <CityNm>SAN ANTONIO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78209</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>CHARITIES</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SEE STMT 21</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>474500</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientPersonNm>PIPER SCHOLARS PROGRAM</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1250 NE LOOP 410 STE 810</AddressLine1Txt>
            <CityNm>SAN ANTONIO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78209</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>N/A</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNDERGRADUATE STUDIES</GrantOrContributionPurposeTxt>
          <Amt>676500</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>676500</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>38476</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>444361</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>15</ExclusionCd>
          <ExclusionAmt>581117</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>31327</RelatedOrExemptFunctionIncmAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>861195</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>1925149</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>31327</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1956476</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>7</LineNumberTxt>
          <RelationshipStatementTxt>INTEREST EARNED FROM STUDENT LOAN PROGRAM TO PROMOTE EDUCATION BY HAVING FUNDS AVAILABLE FOR WORTHY &amp; NEEDY STUDENTS THROUGH LOW INTEREST RATE STUDENT LOANS.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <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="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>AUDITING, ACCOUNTING &amp; TAX SVS</CategoryTxt>
        <Amt>36231</Amt>
        <NetInvestmentIncomeAmt>12871</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>23360</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <ContractorCompensationExpln documentId="RetDoc3">
      <ContractorCompExplnGrp>
        <ContractorBusinessName>
          <BusinessNameLine1Txt>LAW OFFICES OF CURL STAHL GEIS</BusinessNameLine1Txt>
        </ContractorBusinessName>
        <ExplanationTxt>SL COLLECTIONS</ExplanationTxt>
      </ContractorCompExplnGrp>
    </ContractorCompensationExpln>
    <DepreciationSchedule documentId="RetDoc4">
      <DepreciationPropertyGrp>
        <PropertyDesc>DEPECIATION, SEE STMT 17</PropertyDesc>
        <CostOrOtherBasisAmt>176791</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>156507</PriorYearDepreciationAmt>
        <ComputationMethodTxt>STRAIGHT LINE</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>4529</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1132</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc5">
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORPORATE BONDS-SEE STMT 24</BondNm>
        <EOYBookValueAmt>7705942</EOYBookValueAmt>
        <EOYFMVAmt>7523238</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc6">
      <InvestmentsCorporateStockGrp>
        <StockNm>CORPORATE STOCK SEE STMT 23</StockNm>
        <EOYBookValueAmt>5187528</EOYBookValueAmt>
        <EOYFMVAmt>12477052</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc7">
      <USGovtObligationsBookVlEOYAmt>224160</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>224412</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc8">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LAND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>505</BookValueAmt>
        <EOYFMVAmt>65558</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OIL &amp; GAS ROYALTIES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>35441</BookValueAmt>
        <EOYFMVAmt>3369764</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc9">
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE &amp; EQUIPMENT-SEE STMT 17</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>176791</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>161035</AccumulatedDepreciationAmt>
        <BookValueAmt>15756</BookValueAmt>
        <EOYFMVAmt>60226</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc10">
      <LegalFeesGrp>
        <CategoryTxt>INDIRECT LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>165</LegalFeesAmt>
        <NetInvestmentIncomeAmt>165</NetInvestmentIncomeAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc11">
      <OtherAssetsScheduleGrp>
        <Desc>FINE ARTS</Desc>
        <BOYBookValueAmt>2520</BOYBookValueAmt>
        <EOYBookValueAmt>2520</EOYBookValueAmt>
        <EOYFMVAmt>24273</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc12">
      <OtherDecreasesDetail>
        <Desc>GRANTS &amp; CONTRIBUTIONS</Desc>
        <Amt>39500</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc13">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BAD DEBTS NET OF RECOVERIES</Desc>
        <RevenueAndExpensesPerBooksAmt>49622</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>49622</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>49622</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>COLLECTION EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>83499</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>83499</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>83499</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>COMMITTEE FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>21400</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1200</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1200</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>20200</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>COMPUTER MAINTENANCE &amp; TRAINI</Desc>
        <RevenueAndExpensesPerBooksAmt>24948</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2495</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>22453</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES &amp; SUBSCRIPTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>9146</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>4351</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>4795</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EQUIPMENT RENTALS</Desc>
        <RevenueAndExpensesPerBooksAmt>12162</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>12162</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>GEOLOGICAL &amp; VALUATION</Desc>
        <RevenueAndExpensesPerBooksAmt>9835</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>9835</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>16963</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>9127</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7836</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>LESS: EXCESS SL EXPENSES</Desc>
        <NetInvestmentIncomeAmt>-439817</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-439817</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>390195</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>LESS: OTHER NONDEDUCTIBLE EXP</Desc>
        <NetInvestmentIncomeAmt>-647</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSE &amp; SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>24632</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3994</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1499</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>20638</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OUTSIDE SERVICES</Desc>
        <RevenueAndExpensesPerBooksAmt>22513</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>8142</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>31</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>14371</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS</Desc>
        <RevenueAndExpensesPerBooksAmt>5250</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1313</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3937</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE</Desc>
        <RevenueAndExpensesPerBooksAmt>8641</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2938</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5703</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc14">
      <OtherIncomeDetail>
        <Desc>OIL &amp; GAS ROYALTIES</Desc>
        <RevenueAndExpensesPerBooksAmt>580337</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>580337</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>STUDENT LOAN INTEREST</Desc>
        <RevenueAndExpensesPerBooksAmt>31327</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>31327</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>CLASS ACTION SETTLEMENTS</Desc>
        <RevenueAndExpensesPerBooksAmt>780</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>780</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherNotesLoansRcvblShortSch2 documentId="RetDoc15">
      <OtherNotesLoansRcvblShortGrp>
        <Organization501c3Name>
          <BusinessNameLine1Txt>STUDENT EDUCATIONAL LOANS</BusinessNameLine1Txt>
        </Organization501c3Name>
        <BalanceDueAmt>358522</BalanceDueAmt>
      </OtherNotesLoansRcvblShortGrp>
    </OtherNotesLoansRcvblShortSch2>
    <OtherProfessionalFeesSchedule documentId="RetDoc16">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT AGENCY FEES</CategoryTxt>
        <Amt>140035</Amt>
        <NetInvestmentIncomeAmt>140035</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc17">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX</CategoryTxt>
        <Amt>19698</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES ON DIVIDENDS</CategoryTxt>
        <Amt>400</Amt>
        <NetInvestmentIncomeAmt>400</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PROPERTY TAXES</CategoryTxt>
        <Amt>17776</Amt>
        <NetInvestmentIncomeAmt>17703</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>73</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>