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        <AverageMonthlyCashBalancesAmt>1162842</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>4690692404</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>4690692404</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>70360386</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>4620332018</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>231016601</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>231016601</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>408176</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>408176</TotalTaxAmt>
        <DistributableBeforeAdjAmt>230608425</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>230608425</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>230608425</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>638121</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>638121</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>230608425</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>14265978</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>13021074</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>10844300</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>13083364</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>18713146</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>69927862</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>638121</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <RemainingDistriFromCorpusAmt>638121</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>70565983</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>230608425</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>14265978</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>56300005</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>13021074</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>10844300</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>13083364</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>18713146</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>638121</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>None</ContributingManagerNm>
        <ShareholderManagerNm>None</ShareholderManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>Mr John M Walker</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 10500</AddressLine1Txt>
            <CityNm>Fayetteville</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72703</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>4795822310</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>See Statement Attached</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>Quarterly and one per year</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>Sec. 501(c)(3) organizations or tax exempt public entities.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>See Exhibit A</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>Various</AddressLine1Txt>
            <CityNm>Various</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72700</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PF</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Various</GrantOrContributionPurposeTxt>
          <Amt>26865723</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>26865723</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>See Exhibit B</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>Various</AddressLine1Txt>
            <CityNm>Various</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72400</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PF</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>Various</GrantOrContributionPurposeTxt>
          <Amt>35975000</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>35975000</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>6</ExclusionCd>
          <ExclusionAmt>0</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>24020402</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>0</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>24020402</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>24020402</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>1</LineNumberTxt>
          <RelationshipStatementTxt>Further the efforts of the Foundation</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="AccountingFeesSchedule-01">
      <AccountingFeesDetail>
        <CategoryTxt>Paul H Burgess Inc Tax Compliance/Accounting</CategoryTxt>
        <Amt>10232</Amt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>Paymaster of Arkansas Accounting Expenses</CategoryTxt>
        <Amt>982</Amt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="GainLossSaleOtherAssetsSch-01">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Various Sales of Marketable Securities</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <GrossSalesPriceAmt>54433314</GrossSalesPriceAmt>
        <BasisAmt>41837417</BasisAmt>
        <TotalNetAmt>12595897</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Wal Mart Stock</AssetDesc>
        <AcquiredDt>2021-04</AcquiredDt>
        <HowAcquiredTxt>Donated</HowAcquiredTxt>
        <SoldDt>2025-06</SoldDt>
        <GrossSalesPriceAmt>1987369</GrossSalesPriceAmt>
        <BasisAmt>486885</BasisAmt>
        <TotalNetAmt>1500484</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Wal Mart Stock</AssetDesc>
        <AcquiredDt>2016-12</AcquiredDt>
        <HowAcquiredTxt>Donated</HowAcquiredTxt>
        <SoldDt>2025-11</SoldDt>
        <GrossSalesPriceAmt>6040678</GrossSalesPriceAmt>
        <BasisAmt>1379508</BasisAmt>
        <TotalNetAmt>4661170</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Wal Mart Stock</AssetDesc>
        <AcquiredDt>2014-09</AcquiredDt>
        <HowAcquiredTxt>Donated</HowAcquiredTxt>
        <SoldDt>2025-11</SoldDt>
        <GrossSalesPriceAmt>5999134</GrossSalesPriceAmt>
        <BasisAmt>1360438</BasisAmt>
        <TotalNetAmt>4638696</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Wal Mart Stock</AssetDesc>
        <AcquiredDt>2021-04</AcquiredDt>
        <HowAcquiredTxt>Donated</HowAcquiredTxt>
        <SoldDt>2025-12</SoldDt>
        <GrossSalesPriceAmt>786450</GrossSalesPriceAmt>
        <BasisAmt>162295</BasisAmt>
        <TotalNetAmt>624155</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedul-01">
      <InvestmentsCorporateStockGrp>
        <StockNm>Diversified Marketable Portfolio, Private Equity, Timber and Wal Mart Shares</StockNm>
        <EOYBookValueAmt>478847529</EOYBookValueAmt>
        <EOYFMVAmt>478847529</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="LegalFeesSchedule-01">
      <LegalFeesGrp>
        <CategoryTxt>Barber &amp; Bartz GC and Inv. Advice</CategoryTxt>
        <LegalFeesAmt>276</LegalFeesAmt>
      </LegalFeesGrp>
      <LegalFeesGrp>
        <CategoryTxt>Bank of America Investment Advice</CategoryTxt>
        <LegalFeesAmt>107120</LegalFeesAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule-01">
      <OtherExpensesScheduleGrp>
        <Desc>Investment Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>1180215</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1180215</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office &amp; Computer Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>153420</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>15342</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>138078</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Telephone</Desc>
        <RevenueAndExpensesPerBooksAmt>3078</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>308</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2770</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Utilities</Desc>
        <RevenueAndExpensesPerBooksAmt>14077</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1408</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>12669</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Insurance</Desc>
        <RevenueAndExpensesPerBooksAmt>34849</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3485</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>31364</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Repairs and Maintenance</Desc>
        <RevenueAndExpensesPerBooksAmt>26892</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2689</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>24203</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Reforestation</Desc>
        <RevenueAndExpensesPerBooksAmt>32063</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3206</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>28857</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Contract Labor</Desc>
        <RevenueAndExpensesPerBooksAmt>7200</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>720</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6480</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2-01">
      <OtherIncomeDetail>
        <Desc>Royalty Income</Desc>
        <RevenueAndExpensesPerBooksAmt>115557</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>115557</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Settlement</Desc>
        <RevenueAndExpensesPerBooksAmt>3518</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3518</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSchedule-01">
      <OtherIncreasesDetail>
        <Desc>Increase in Unrealized Market Gains</Desc>
        <Amt>50262714</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>Decrease in Grants Payable</Desc>
        <Amt>3858334</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="TaxesSchedule-01">
      <TaxesDetail>
        <CategoryTxt>Payroll Taxes</CategoryTxt>
        <Amt>24480</Amt>
        <NetInvestmentIncomeAmt>2448</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>22032</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Excise Taxes</CategoryTxt>
        <Amt>400000</Amt>
        <NetInvestmentIncomeAmt>400000</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Property</CategoryTxt>
        <Amt>25842</Amt>
        <NetInvestmentIncomeAmt>2584</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>23258</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Foreign Taxes</CategoryTxt>
        <Amt>32166</Amt>
        <NetInvestmentIncomeAmt>32166</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Oil and Gas Taxes</CategoryTxt>
        <Amt>3422</Amt>
        <NetInvestmentIncomeAmt>3422</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Franchise Tax</CategoryTxt>
        <Amt>153</Amt>
        <NetInvestmentIncomeAmt>153</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>