﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2024v5.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-11-15T20:12:32-08:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>731439761</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>JEFFREY J BURNS CPA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>2727 E 21ST STREET SUITE 602</AddressLine1Txt>
        <CityNm>TULSA</CityNm>
        <StateAbbreviationCd>OK</StateAbbreviationCd>
        <ZIPCd>74114</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>731514539</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>JOSEPH W CRAFT III FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>JOSE</BusinessNameControlTxt>
      <PhoneNum>9182957665</PhoneNum>
      <USAddress>
        <AddressLine1Txt>1717 S BOULDER AVE 400</AddressLine1Txt>
        <CityNm>TULSA</CityNm>
        <StateAbbreviationCd>OK</StateAbbreviationCd>
        <ZIPCd>74119</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JOSEPH W CRAFT III</PersonNm>
      <PersonTitleTxt>SOLE TRUSTEE</PersonTitleTxt>
      <SignatureDt>2025-11-15</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>Jeffrey J Burns</PreparerPersonNm>
      <PTIN>P00087344</PTIN>
      <PhoneNum>9187478350</PhoneNum>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="14">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation BinaryAttachment.1 BinaryAttachment.2 BinaryAttachment.3 BinaryAttachment.4 BinaryAttachment.5 BinaryAttachment.6 BinaryAttachment.7" softwareId="24020490" softwareVersionNum="2024v5.2">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>179796286</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>13189703</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>837868</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>837868</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>3889214</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>3887487</DividendsNetInvstIncmAmt>
        <GrossRentsRevAndExpnssAmt>120000</GrossRentsRevAndExpnssAmt>
        <GrossRentsNetInvstIncmAmt>120000</GrossRentsNetInvstIncmAmt>
        <NetRentalIncomeOrLossAmt>120000</NetRentalIncomeOrLossAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="GainLossFromSaleOtherAssetsSch">2375668</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>11369272</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>1996181</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">10004940</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>8668143</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>30417393</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>15509679</TotalNetInvstIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSchedule">148153</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>6577</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>141576</LegalFeesDsbrsChrtblAmt>
        <InterestRevAndExpnssAmt>15883</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>15883</InterestNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">1179138</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>7082</TaxesNetInvstIncmAmt>
        <TravConfMeetingRevAndExpnssAmt>4230</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingDsbrsChrtblAmt>4230</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">4224307</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>4003113</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>221194</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>5571711</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>4032655</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>367000</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>7238756</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>7238756</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>12810467</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>4032655</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>7605756</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>17606926</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>11477024</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>3796591</CashBOYAmt>
        <CashEOYAmt>32437826</CashEOYAmt>
        <CashEOYFMVAmt>32437826</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>45062460</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>32081638</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>32082666</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>41971029</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">42010864</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>70058320</CorporateStockEOYFMVAmt>
        <InvstLandCostOrOtherBasisAmt>45485171</InvstLandCostOrOtherBasisAmt>
        <InvstLandAccumDepreciationAmt>27628683</InvstLandAccumDepreciationAmt>
        <LandBldgInvestmentsBOYAmt>20974099</LandBldgInvestmentsBOYAmt>
        <LandBldgInvestmentsEOYAmt referenceDocumentId="InvestmentsLandSchedule2">17856488</LandBldgInvestmentsEOYAmt>
        <LandBldgInvestmentsEOYFMVAmt>14762814</LandBldgInvestmentsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>17923205</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">21526937</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>30214438</OtherInvestmentsEOYFMVAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSchedule">240222</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="OtherAssetsSchedule">240222</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>129727384</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>146153975</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>179796286</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>129727384</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>146153975</CapitalStockEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>129727384</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>146153975</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>129727384</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>146153975</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>129727384</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>17606926</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSchedule">104713</OtherIncreasesAmt>
        <SubtotalAmt>147439023</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSchedule">1285048</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>146153975</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2024-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>4384381</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4351946</CostOrOtherBasisAmt>
          <GainOrLossAmt>32435</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>32435</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>5478899</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4636300</CostOrOtherBasisAmt>
          <GainOrLossAmt>842599</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>842599</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>STCG FROM PRESCOTT AGGRESSIVE MID CAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2024-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>8099</GrossSalesPriceAmt>
          <GainOrLossAmt>8099</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>8099</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>STCG FROM PRESCOTT AGGRESSIVE SMALL CAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2024-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>34266</GrossSalesPriceAmt>
          <GainOrLossAmt>34266</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>34266</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>STCG FROM LAZARD PRIVATE MARKET</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2024-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <CostOrOtherBasisAmt>3649</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3649</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3649</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LTCG FROM ARGONAUT PRIVATE EQUITY FUND V</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>4858</GrossSalesPriceAmt>
          <GainOrLossAmt>4858</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4858</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LTCG FROM BOOTSMEAD LAND LLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>9108</GrossSalesPriceAmt>
          <GainOrLossAmt>9108</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>9108</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LTCG FROM BOOTSMEAD LEASCO LLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>566116</GrossSalesPriceAmt>
          <GainOrLossAmt>566116</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>566116</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LTCG FROM ENERGY TRANSFER LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>48</GrossSalesPriceAmt>
          <GainOrLossAmt>48</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>48</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LTCG FROM PRESCOTT AGGRESSIVE MID CAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>34179</GrossSalesPriceAmt>
          <GainOrLossAmt>34179</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>34179</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LTCG FROM PRESCOTT SMALL CAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>46622</GrossSalesPriceAmt>
          <GainOrLossAmt>46622</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>46622</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LTCG FROM ROUNDTABLE INVESTMENT LLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>23111</GrossSalesPriceAmt>
          <GainOrLossAmt>23111</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>23111</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LTCG FROM LAZARD PRIVATE MARKET</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>306970</GrossSalesPriceAmt>
          <GainOrLossAmt>306970</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>306970</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LTCG FROM WESTERN GAS PARTNERS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>12334</GrossSalesPriceAmt>
          <GainOrLossAmt>12334</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>12334</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECTION 1231 - ALLIANCE RESOURCE PTNRS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <CostOrOtherBasisAmt>658</CostOrOtherBasisAmt>
          <GainOrLossAmt>-658</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-658</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECTION 1231 - ARGONAUT PRIVATE EQUITY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>2367</GrossSalesPriceAmt>
          <GainOrLossAmt>2367</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2367</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECTION 1231 - ENERGY TRANSFER LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <CostOrOtherBasisAmt>22</CostOrOtherBasisAmt>
          <GainOrLossAmt>-22</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-22</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECTION 1231 - USA COMPRESSION</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <CostOrOtherBasisAmt>76</CostOrOtherBasisAmt>
          <GainOrLossAmt>-76</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-76</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECTION 1231 - SUNOCO LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>46</GrossSalesPriceAmt>
          <GainOrLossAmt>46</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>46</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECTION 1231 - ENTERPRISE PRODUCTS LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <CostOrOtherBasisAmt>760</CostOrOtherBasisAmt>
          <GainOrLossAmt>-760</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-760</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECTION 1231 - PLAINS ALL AMERICAN PIPE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <CostOrOtherBasisAmt>193</CostOrOtherBasisAmt>
          <GainOrLossAmt>-193</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-193</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECTION 1231 - ROUNDTABLE INVESTMENT</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>2053</GrossSalesPriceAmt>
          <GainOrLossAmt>2053</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2053</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECTION 1231 - LAZARD PRIVATE MARKET</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>34265</GrossSalesPriceAmt>
          <GainOrLossAmt>34265</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>34265</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECTION 1231 - WESTERN GAS PARTNERS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>6714</GrossSalesPriceAmt>
          <GainOrLossAmt>6714</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6714</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Capital Gain Dividends</PropertyDesc>
          <GainOrLossAmt>35349</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>1996181</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>71151</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>159531</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>159531</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>159531</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>168585</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>110000</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>278585</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <OverpaymentAmt>119054</OverpaymentAmt>
        <AppliedToESTaxAmt>119054</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>true</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>true</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>OK</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>JOSEPH W CRAFT III</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>9182957665</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1717 S BOULDER AVE SUITE 400</AddressLine1Txt>
          <CityNm>TULSA</CityNm>
          <StateAbbreviationCd>OK</StateAbbreviationCd>
          <ZIPCd>74119</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOSEPH W CRAFT III</PersonNm>
          <USAddress>
            <AddressLine1Txt>1717 S BOULDER AVE STE 400</AddressLine1Txt>
            <CityNm>TULSA</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>74119</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>JC LAND LLC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>PO BOX 22027</AddressLine1Txt>
            <CityNm>TULSA</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>74121</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>RESEARCH QUALIFY CHARITY</ServiceTypeTxt>
          <CompensationAmt>221194</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>J RICHARD HILL &amp; CO</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>110 CHRISTINE CT</AddressLine1Txt>
            <CityNm>BARDSTOWN</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40004</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>RRG RE EVALUATION</ServiceTypeTxt>
          <CompensationAmt>200222</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BRIARWOOD STRATEGIES LLC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>1527 31ST STREET NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20007</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>FUNDRAISER SUPPORT</ServiceTypeTxt>
          <CompensationAmt>69232</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>THE JOSEPH W. CRAFT, III FOUNDATION IS A NON-OPERATING PRIVATE FOUNDATION WHICH MAKES GIFTS TO CHARITABLE ORGANIZATIONS. THE FOUNDATION DOES NOT OPERATE ANY FACILITY OR INSTITUTION UNDERTAKING A CHARITABLE, EDUCATIONAL, OR RELIGIOUS ENDEAVOR.</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>67605066</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>52737725</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>47140454</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>167483245</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>167483245</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>2512249</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>164970996</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>8248550</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>8248550</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>159531</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>159531</TotalTaxAmt>
        <DistributableBeforeAdjAmt>8089019</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>8089019</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>8089019</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>7605756</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>7605756</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>8089019</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>7213192</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>7605756</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>7213192</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>392564</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>7696455</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>JOSEPH W CRAFT III</ContributingManagerNm>
        <ShareholderManagerNm>JOSEPH W CRAFT III</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <ApplicationSubmissionInfoGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>1717 S BOULDER AVE STE 400</AddressLine1Txt>
            <CityNm>TULSA</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>74119</ZIPCd>
          </RecipientUSAddress>
          <FormAndInfoAndMaterialsTxt>SEE STATEMENT FOR LINE 2a</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>SEE STATEMENT FOR LINE 2a</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>SEE STATEMENT FOR LINE 2a</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PASS THRU FROM K1'S</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>VARIOUS</AddressLine1Txt>
            <CityNm>VARIOUS</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>74114</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(c)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>1095</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIVERSITY OF PIKEVILLE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>147 SYCAMORE STREET</AddressLine1Txt>
            <CityNm>PIKEVILLE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41501</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(c)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SALVATION ARMY OF LEXINGTON</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>736 WEST MAIN STREET</AddressLine1Txt>
            <CityNm>LEXINGTON</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40508</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(c)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ALICE LLOYD COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>100 PURPOSE RD</AddressLine1Txt>
            <CityNm>PIPPA PASSES</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41844</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>1000000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MSU FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>150 UNIVERSITY BLVD</AddressLine1Txt>
            <CityNm>MOREHEAD</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40351</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>1320000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FRIENDS OF COAL LADIES AUXILIARY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>144 WHITESTICK STREET</AddressLine1Txt>
            <CityNm>BECKLEY</CityNm>
            <StateAbbreviationCd>WV</StateAbbreviationCd>
            <ZIPCd>25801</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FOUNDATION FOR APPALACHIAN KENTUCKY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>420 MAIN ST</AddressLine1Txt>
            <CityNm>HAZARD</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>925000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GOVERNMENT ACCOUNTABILITY OVERSIGHT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>50 INDEPENDENCE AVE SW</AddressLine1Txt>
            <CityNm>WASHINGTON DC</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20001</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>300000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KENTUCKY CHAMBER FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>464 CHENAULT ROAD</AddressLine1Txt>
            <CityNm>FRANKFORT</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>60500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TEXAS PUBLIC POLICY FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>901 CONGRESS AVENUE</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TULSA AREA UNITED WAY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1430 S BOULDER AVE</AddressLine1Txt>
            <CityNm>TULSA</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>74119</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BOYS AND GIRLS CLUB</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>3001 N MARTIN LUTHER KING JR BLVD</AddressLine1Txt>
            <CityNm>TULSA</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>74106</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>702861</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KNOTT COUNTY YOUTH FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1322</AddressLine1Txt>
            <CityNm>HINDMAN</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41822</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FRIENDS OF AMERICAN SONG ARCHIVES I</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>203 N MAIN ST 217</AddressLine1Txt>
            <CityNm>TULSA</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>74103</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THE WORLD VALUES NETWORK</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>27 SKY MEADOW ROAD</AddressLine1Txt>
            <CityNm>SUFFERN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10901</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>EMPOWERMENT ACADEMY INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2222 N STRATFORD DR</AddressLine1Txt>
            <CityNm>OWENSBORO</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>42301</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>RED RIVER ECONOMIC DEVELOPMENT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1000 RICHMOND RD</AddressLine1Txt>
            <CityNm>LEXINGTON</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>40502</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>520000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HOUSING DEVELOPMENT ALLIANCE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2871 NORTH MAIN STREET</AddressLine1Txt>
            <CityNm>HAZARD</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>317800</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SOAR SHAPING OUR APPALACHIAN REGION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>137 MAIN STREET SUITE 300</AddressLine1Txt>
            <CityNm>PIKEVILLE</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41501</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>1312500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THE CHURCH STUDIO MUSIC FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>304 S TRENTON AVE</AddressLine1Txt>
            <CityNm>TULSA</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>74120</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>64000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>7238756</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>837868</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <BusinessCd>901101</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>1727</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>3887487</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>120000</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <GainSalesAstOthThanInvntryGrp>
          <BusinessCd>493000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>379487</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>1996181</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>ALLIANCE RESOURCE PARTNERS LP</Desc>
          <BusinessCd>212000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>58588</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>1</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>ARGONAUT PRIVATE EQUITY FUND V</Desc>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>55080</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>1</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>BOOTSMEAD LEASCO LLC</Desc>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>1533843</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>COAL ROYALTIES</Desc>
          <ExclusionCd>15</ExclusionCd>
          <ExclusionAmt>6551783</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>ENERGY TRANSFER LP</Desc>
          <BusinessCd>211120</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-2738</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>1</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>ENTERPRISE PRODUCT PARTNERS LP</Desc>
          <BusinessCd>211110</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>14714</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>1</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>EXCESS BUSINESS INTEREST EXP</Desc>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-3568</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>KC-CEDARPORT LLC</Desc>
          <BusinessCd>493000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-388356</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>1</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>LAZARD PRIVATE MARKET</Desc>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>45267</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>284884</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>NGP ENERGY TRANSITION IV LP</Desc>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-21353</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>1</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OIL AND GAS ROYALTIES</Desc>
          <ExclusionCd>15</ExclusionCd>
          <ExclusionAmt>1814411</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OMEGA CAPITAL LLC</Desc>
          <BusinessCd>900099</BusinessCd>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>977</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OTHER PORTFOLIO INCOME</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>367</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>PLAINS ALL AMERICAN PIPELINE LP</Desc>
          <BusinessCd>211120</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>12876</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>PRESCOTT SMALL CAP</Desc>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>1710</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>-1710</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>ROUNDTABLE INVESTMENT LLC</Desc>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>1042</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>1421</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>ROYALTY INCOME FROM K-1S</Desc>
          <BusinessCd>211110</BusinessCd>
          <ExclusionCd>15</ExclusionCd>
          <ExclusionAmt>16010</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>SUNOCO LP</Desc>
          <BusinessCd>424700</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>7822</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>USA COMPRESSIONS LP</Desc>
          <BusinessCd>211110</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>1264</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>WESTERN GAS PARTNERS LP</Desc>
          <BusinessCd>211130</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>20606</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>1718011</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>15509679</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>17227690</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <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>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="24020490" softwareVersionNum="2024v5.2">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>JOSEPH W CRAFT III</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1717 S BOULDER AVE SUITE 400</AddressLine1Txt>
          <CityNm>TULSA</CityNm>
          <StateAbbreviationCd>OK</StateAbbreviationCd>
          <ZIPCd>74119</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>2789480</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>JOSEPH W CRAFT III</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1717 S BOULDER AVE SUITE 400</AddressLine1Txt>
          <CityNm>TULSA</CityNm>
          <StateAbbreviationCd>OK</StateAbbreviationCd>
          <ZIPCd>74119</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>10400223</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>7500 SHARES FIFTH THIRD BANCORP FITB8337 SHARES ONEOK INC OKE5000 SHARES PHILIP MORRIS INTERNATIONAL</NoncashPropertyDesc>
        <FairMarketValueAmt>2789480</FairMarketValueAmt>
        <ReceivedDt>2024-11-26</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>2</ContributorNum>
        <NoncashPropertyDesc>1 SHARE ONEOK INC OKE1 SHARE EXXON MOBIL CORPORATION</NoncashPropertyDesc>
        <FairMarketValueAmt>223</FairMarketValueAmt>
        <ReceivedDt>2024-12-06</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <ContractorCompensationExpln documentId="ContractorProfExpln" softwareId="24020490" softwareVersionNum="2024v5.2">
      <ContractorCompExplnGrp>
        <ContractorBusinessName>
          <BusinessNameLine1Txt>JC LAND LLC</BusinessNameLine1Txt>
        </ContractorBusinessName>
        <ExplanationTxt>REIMBURSEMENT FOR PAYROLL SERVICES</ExplanationTxt>
      </ContractorCompExplnGrp>
    </ContractorCompensationExpln>
    <GainLossSaleOtherAssetsSch documentId="GainLossFromSaleOtherAssetsSch" softwareId="24020490" softwareVersionNum="2024v5.2">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>LTCG FROM KC-CEDARPORT LLC - UBTI</AssetDesc>
        <AcquiredDt>2023-01</AcquiredDt>
        <HowAcquiredTxt>Purchase</HowAcquiredTxt>
        <SoldDt>2024-12</SoldDt>
        <GrossSalesPriceAmt>368695</GrossSalesPriceAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>368695</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>LTCG FROM LAZARD PRIVATE MARKET - UBTI</AssetDesc>
        <AcquiredDt>2023-01</AcquiredDt>
        <HowAcquiredTxt>Purchase</HowAcquiredTxt>
        <SoldDt>2024-12</SoldDt>
        <GrossSalesPriceAmt>10792</GrossSalesPriceAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>10792</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE ATTACHED STATEMENT 1</StockNm>
        <EOYBookValueAmt>11926140</EOYBookValueAmt>
        <EOYFMVAmt>33383210</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE ATTACHED STATEMENT 2</StockNm>
        <EOYBookValueAmt>7214204</EOYBookValueAmt>
        <EOYFMVAmt>11746242</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE ATTACHED STATEMENT 3</StockNm>
        <EOYBookValueAmt>571762</EOYBookValueAmt>
        <EOYFMVAmt>753005</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE ATTACHED STATEMENT 4</StockNm>
        <EOYBookValueAmt>1478</EOYBookValueAmt>
        <EOYFMVAmt>1478</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE ATTACHED STATEMENT 5</StockNm>
        <EOYBookValueAmt>1513768</EOYBookValueAmt>
        <EOYFMVAmt>2713003</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE ATTACHED STATEMENT 6</StockNm>
        <EOYBookValueAmt>20783512</EOYBookValueAmt>
        <EOYFMVAmt>21461382</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsLandSchedule2 documentId="InvestmentsLandSchedule2" softwareId="24020490" softwareVersionNum="2024v5.2">
      <InvestmentLandGrp>
        <CategoryOrItemTxt>Miscellaneous</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>45485171</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>27628683</AccumulatedDepreciationAmt>
        <BookValueAmt>17856488</BookValueAmt>
        <EOYFMVAmt>14762814</EOYFMVAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="24020490" softwareVersionNum="2024v5.2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRESCOTT GROUP MID CAP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>558846</BookValueAmt>
        <EOYFMVAmt>824858</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRESCOTT GROUP SMALL CAP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>544859</BookValueAmt>
        <EOYFMVAmt>839399</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BOOTSMEAD LEASCO LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>8976989</BookValueAmt>
        <EOYFMVAmt>6650073</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BOOTSMEAD LAND LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>455801</BookValueAmt>
        <EOYFMVAmt>41136</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OMEGA CAPITAL LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>453054</BookValueAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LAZARD PRIVATE MARKET (PREV TRUVO LP)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1923366</BookValueAmt>
        <EOYFMVAmt>3791833</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ROUNDTABLE INVESTMENT PARTNERS LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2046352</BookValueAmt>
        <EOYFMVAmt>1683155</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>KC CEDARPORT LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1418359</BookValueAmt>
        <EOYFMVAmt>11151022</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NGP ETP IV LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>4308828</BookValueAmt>
        <EOYFMVAmt>4259768</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ARGONAUT PRIVATE EQUITY FUND V</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>840483</BookValueAmt>
        <EOYFMVAmt>973194</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>148153</LegalFeesAmt>
        <NetInvestmentIncomeAmt>6577</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>141576</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherAssetsScheduleGrp>
        <Desc>OTHER ASSETS</Desc>
        <EOYBookValueAmt>240222</EOYBookValueAmt>
        <EOYFMVAmt>240222</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherDecreasesDetail>
        <Desc>2024 DIVIDENDS REC'D IN 2025</Desc>
        <Amt>5406</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>2024 INTEREST PD WITH NO INCOME</Desc>
        <Amt>3380</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>ADJ STOCK CONTRIBUTIONS TO DONOR COST</Desc>
        <Amt>1155894</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>CY EXCESS INTEREST EXPENSE</Desc>
        <Amt>106743</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>FOREIGN TAXES</Desc>
        <Amt>3881</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>NONDEDUCTIBLE EXPENSES FROM K1'S</Desc>
        <Amt>9744</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>33</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>33</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>COAL DEPLETION EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>2389554</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2389554</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>COAL ROYALTY EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>222651</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>222651</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>156181</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>156181</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OIL AND GAS DEPLETION EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>728057</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>728057</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OIL AND GAS ROYALTY EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>115799</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>115799</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OIL AND GAS ROYALTY EXPENSES FROM K-1S</Desc>
        <RevenueAndExpensesPerBooksAmt>1236</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1236</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER DEDUCTIONS FROM PASSTHROUGH ENTITY</Desc>
        <RevenueAndExpensesPerBooksAmt>389602</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>389602</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PROGRAM ADMINISTRATION EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>221194</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>221194</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherIncomeDetail>
        <Desc>ALLIANCE RESOURCE PARTNERS LP</Desc>
        <RevenueAndExpensesPerBooksAmt>58588</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ARGONAUT PRIVATE EQUITY FUND V</Desc>
        <RevenueAndExpensesPerBooksAmt>55080</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>BOOTSMEAD LEASCO LLC</Desc>
        <RevenueAndExpensesPerBooksAmt>1533843</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>COAL ROYALTIES</Desc>
        <RevenueAndExpensesPerBooksAmt>6551783</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6551783</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ENERGY TRANSFER LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-2738</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ENTERPRISE PRODUCT PARTNERS LP</Desc>
        <RevenueAndExpensesPerBooksAmt>14714</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>EXCESS BUSINESS INTEREST EXP</Desc>
        <RevenueAndExpensesPerBooksAmt>-3568</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>KC-CEDARPORT LLC</Desc>
        <RevenueAndExpensesPerBooksAmt>-388356</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>LAZARD PRIVATE MARKET</Desc>
        <RevenueAndExpensesPerBooksAmt>330151</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>284884</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>NGP ENERGY TRANSITION IV LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-21353</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OIL AND GAS ROYALTIES</Desc>
        <RevenueAndExpensesPerBooksAmt>1814411</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1814411</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OMEGA CAPITAL LLC</Desc>
        <RevenueAndExpensesPerBooksAmt>977</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>977</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER PORTFOLIO INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>367</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>367</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>PLAINS ALL AMERICAN PIPELINE LP</Desc>
        <RevenueAndExpensesPerBooksAmt>12876</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ROUNDTABLE INVESTMENT LLC</Desc>
        <RevenueAndExpensesPerBooksAmt>2463</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1421</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ROYALTY INCOME FROM K-1S</Desc>
        <RevenueAndExpensesPerBooksAmt>16010</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>16010</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>SUNOCO LP</Desc>
        <RevenueAndExpensesPerBooksAmt>7822</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>USA COMPRESSIONS LP</Desc>
        <RevenueAndExpensesPerBooksAmt>1264</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>WESTERN GAS PARTNERS LP</Desc>
        <RevenueAndExpensesPerBooksAmt>20606</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherIncreasesDetail>
        <Desc>2023 DIVIDENDS REC'D IN 2024</Desc>
        <Amt>5242</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>2023 INTEREST PD WITH NO INCOME</Desc>
        <Amt>5375</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>EXEMPT INTEREST INCOME</Desc>
        <Amt>137</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>OTHER EXEMPT INCOME</Desc>
        <Amt>65</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>PREFERENCE DEPLETION FROM K1 AND OTHER K1 DIFFERENCES</Desc>
        <Amt>90326</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>PY EXCESS INTEREST EXPENSE ALLOWED</Desc>
        <Amt>3568</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAXES</CategoryTxt>
        <Amt>1172056</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>7082</Amt>
        <NetInvestmentIncomeAmt>7082</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>