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        <ExplanationTxt>THE FOUNDATION IS ORGANIZED AND AT ALL TIMES SHALL BE OPERATED, EXCLUSIVELY FOR THE PURPOSES OF BENEFITING STUDENTS ATTENDING EDUCATIONAL INSTITUTIONS QUALIFYING UNDER SECTIONS 509(A)(1) OR (2) OF THE INTERNAL REVENUE CODE OF 1986, AS IT NOW EXISTS OR MAY HEREAFTER BE AMENDED, BY MAKING CASH, GRANTS, AS DETERMINED BY THE DIRECTORS, DIRECTLY OR INDIRECTLY TO AND FOR THE BENEFIT OF STUDENTS OF SUCH INSTITUTIONS, INCLUDING UNIVERSITY OF TEXAS -ARLINGTON.</ExplanationTxt>
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        <ExplanationTxt>THE FOUNDATION IS ORGANIZED AND AT ALL TIMES SHALL BE OPERATED, EXCLUSIVELY FOR THE PURPOSES OF BENEFITING STUDENTS ATTENDING EDUCATIONAL INSTITUTIONS QUALIFYING UNDER SECTIONS 509(A)(1) OR (2) OF THE INTERNAL REVENUE CODE OF 1986, AS IT NOW EXISTS OR MAY HEREAFTER BE AMENDED, BY MAKING CASH, GRANTS, AS DETERMINED BY THE DIRECTORS, DIRECTLY OR INDIRECTLY TO AND FOR THE BENEFIT OF STUDENTS OF SUCH INSTITUTIONS, INCLUDING TEXAS WOMANS UNIVERSITY.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>EACH BOARD MEMBER SIGNS A CONFLICT OF INTEREST POLICY ANNUALLY.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE MARY I GOURLEY SCHOLARSHIP FOUNDATION BOARD OF TRUSTEE'S IDENTIFIES AND APPROVES SALARY AND BENEFIT LEVELS FOR THE STAFF. SALARY DECISIONS ARE TIED TO ANNUAL PERFORMANCE REVIEWS THAT ARE REVIEWED BY THE BOARD. RESULTS ARE INCORPORATED INTO THE BUDGET. THE BOARD CONDUCTS PERIODIC REVIEWS OF COMPARABLE ORGANIZATIONS TO IDENTIFY SUFFICIENT COMPENSATION. THE DATA COLLECTED MAY INCLUDE, BUT IS NOT LIMITED TO, SALARY AND BENEFIT COMPENSATION STUDIES BY INDEPENDENT SOURCES; WRITTEN JOB OFFERS FOR POSITIONS AT SIMILAR ORGANIZATIONS; DOCUMENTED TELEPHONE CALLS ABOUT SIMILAR POSITIONS; INFORMATION OBTAINED FROM THE IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS.</ExplanationTxt>
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        <ExplanationTxt>THE FOUNDATION'S FORM 990 AND FORM 1023, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST, EITHER WRITTEN OR VERBAL AT THE FOUNDATION'S OFFICE.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE FOUNDATION'S FORM 990 AND FORM 1023, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST, EITHER WRITTEN OR VERBAL AT THE FOUNDATION'S OFFICE.</ExplanationTxt>
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</Return>