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          <PersonNm>MARILYN C AULT</PersonNm>
          <USAddress>
            <AddressLine1Txt>P O BOX 9294</AddressLine1Txt>
            <CityNm>AMARILLO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79105</ZIPCd>
          </USAddress>
          <TitleTxt>SEC / TREAS</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KURT GEHRING</PersonNm>
          <USAddress>
            <AddressLine1Txt>P O BOX 9294</AddressLine1Txt>
            <CityNm>AMARILLO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79105</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LARRY BUTLER</PersonNm>
          <USAddress>
            <AddressLine1Txt>P O BOX 9294</AddressLine1Txt>
            <CityNm>AMARILLO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79105</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAVID HEMPHILL</PersonNm>
          <USAddress>
            <AddressLine1Txt>P O BOX 9294</AddressLine1Txt>
            <CityNm>AMARILLO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79105</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>30114679</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>655288</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>633178</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>31403145</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>31403145</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>471047</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>30932098</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1546605</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1546605</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>39150</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>39150</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1507455</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>1507455</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>1507455</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>1447357</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>1447357</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1507455</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>1374216</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>1447357</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>1374216</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>73141</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>1434314</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>BRUMLEY FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>P O BOX 9294</AddressLine1Txt>
            <CityNm>AMARILLO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>791059294</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>8063761555</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>LETTER STATING PURPOSES OF REQUESTED FUNDS. AUDIT REPORTS OR SIMILAR INTERNALLY-PRODUCED FINANCIAL INFORMATION AND TAX RETURN ARE REQUIRED, TOGETHER WITH OPERATING OR CAPITAL BUDGETS, WHICHEVER IS APPLICABLE.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>MAY 15 AND NOVEMBER 15. EMERGENCY REQUESTS MAY ALSO BE CONSIDERED.</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>OPERATING POLICY IS TO LIMIT AWARDS TO THE UPPER 26 COUNTIES OF THE TEXAS PANHANDLE. SCHOLARSHIP REQUESTS ARE ACCEPTED ONLY FROM 501(C)(3) ORGANIZATIONS. PRIORITY IS FOR HELPING LOW-INCOME PERSONS BETTER THEMSELVES THROUGH EDUCATION, DAY CARE FOR WORKING FAMILIES, YOUTH PROGRAMS, OR SIMILAR MEANS.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE ATTACHED SCHEDULE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>FOR DETAIL</AddressLine1Txt>
            <CityNm>AMARILLO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79101</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>PC</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>SEE ATTACHED SCHEDULE</GrantOrContributionPurposeTxt>
          <Amt>1316600</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE ATTACHED SCHEDULE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>FOR DETAIL</AddressLine1Txt>
            <CityNm>AMARILLO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>79101</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>GOV</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>SEE ATTACHED SCHEDULE</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1416600</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>11134</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>791050</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>15</ExclusionCd>
          <ExclusionAmt>180204</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>2080505</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>3062893</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>3062893</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>
    <AccountingFeesSchedule documentId="RetDoc1">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>46670</Amt>
        <NetInvestmentIncomeAmt>13255</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>29965</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2">
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORPORATE BONDS--SEE ATTACHED</BondNm>
        <EOYBookValueAmt>3787735</EOYBookValueAmt>
        <EOYFMVAmt>3950771</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc3">
      <InvestmentsCorporateStockGrp>
        <StockNm>COMMON &amp; PREFERRED STK--SEE ATTACHED</StockNm>
        <EOYBookValueAmt>16714867</EOYBookValueAmt>
        <EOYFMVAmt>24060405</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LAZARD GLB LSTD INFR PTF INST-MUTUAL</StockNm>
        <EOYBookValueAmt>1179648</EOYBookValueAmt>
        <EOYFMVAmt>1409513</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>E V ADV FLOATING RATE I - MUTUAL FD</StockNm>
        <EOYBookValueAmt>1811641</EOYBookValueAmt>
        <EOYFMVAmt>1678575</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherAssetsSchedule documentId="RetDoc4">
      <OtherAssetsScheduleGrp>
        <Desc>OIL &amp; GAS ROYATY INTERESTS</Desc>
        <BOYBookValueAmt>526989</BOYBookValueAmt>
        <EOYBookValueAmt>526989</EOYBookValueAmt>
        <EOYFMVAmt>638211</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>ACCUMULATED DEPLETION</Desc>
        <BOYBookValueAmt>-526989</BOYBookValueAmt>
        <EOYBookValueAmt>-526989</EOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc5">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE PREMIUMS</Desc>
        <RevenueAndExpensesPerBooksAmt>2574</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>WEBSITE</Desc>
        <RevenueAndExpensesPerBooksAmt>990</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>198</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>792</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SAFETY DEPOSIT BOX</Desc>
        <RevenueAndExpensesPerBooksAmt>35</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES - ROYALTY OWNERS ASSOC.</Desc>
        <RevenueAndExpensesPerBooksAmt>260</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>260</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>LATE FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>70</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc6">
      <OtherIncomeDetail>
        <Desc>MORGAN STANLEY 6294</Desc>
        <RevenueAndExpensesPerBooksAmt>477</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>477</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MORGAN STANLEY 6296</Desc>
        <RevenueAndExpensesPerBooksAmt>60</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>60</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OIL &amp; GAS ROYALTIES</Desc>
        <RevenueAndExpensesPerBooksAmt>177722</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>177722</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>GROSS PRODUCTION TAX REFUND.</Desc>
        <RevenueAndExpensesPerBooksAmt>1945</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1945</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc7">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>199351</Amt>
        <NetInvestmentIncomeAmt>199351</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc8">
      <TaxesDetail>
        <CategoryTxt>MINERAL AD VALOREM TAXES</CategoryTxt>
        <Amt>9995</Amt>
        <NetInvestmentIncomeAmt>9995</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX WITHHOLDING</CategoryTxt>
        <Amt>23255</Amt>
        <NetInvestmentIncomeAmt>23255</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAXES</CategoryTxt>
        <Amt>81090</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>