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      <ReconcilationRevenueExpnssAmt>-16767</ReconcilationRevenueExpnssAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
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        <Desc>ANNUITIES</Desc>
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        <MethodValuationCd>F</MethodValuationCd>
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      <PolicyStmtInBrochuresEtcInd>1</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>1</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>1</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>1</MaintainScholarshipsRecsInd>
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      <DiscriminateRaceAdmissPlcyInd>0</DiscriminateRaceAdmissPlcyInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS MADE PUBLICLY AVAILABLE THROUGH ITS BROCHURES AND ITS WEBSITE. IT IS ALSO CLEARLY STATED ON MATERIAL GIVEN TO THE VARIOUS MILITARY ACADEMIES WHICH SEND THE SCHOOL SOME OF ITS STUDENTS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>PRIOR TO FILING THE FORM 990 THE BOARD OF DIRECTORS RECIEVES A DRAFT COPY OF THE FORM 990 TO REVIEW AND DISCUSS. THE BOARD EITHER APPROVES THE 990 IN ITS CURRENT CONDITION OR REQUESTS CHANGES. ONCE APPROPRIATE CHANGES ARE MADE THE BOARD REVIEWS THE REVISED FORM 990. ONCE THE FORM IS APPROVED BY ALL BOARD MEMBERS THE FORM IS SIGNED AND FILED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>OUR CONFLICT OF INTEREST POLICY IS MONITORED BY THE EXECUTIVE DIRECTOR AND THE CHAIRMAN OF THE BOARD. IF ANY POTENTIAL CONFLICT OF INTEREST ISSUES BECOME EVIDENT, WHETHER BEFORE OR DURING A TRANSACTION, THEN IT IS COMMUNICATED TO VARIOUS ORGANIZATIONAL LEADERS FOR MONITORING, SEPARATION OF DECISION MAKING AND ANY OTHER ACTIONS NEEDED TO PRECLUDE A CONFLICT. ANY POTENTIAL CONFLICTS OF INTEREST ARE FULLY DOCUMENTED, REPORTED TO ALL BOARD MEMBERS AND INCLUDED IN THE BOARD OF DIRECTORS MINUTES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC ALL ORGANIZATIONAL GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
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</Return>
