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            <AddressLine1Txt>529 KANSAS CITY ST</AddressLine1Txt>
            <CityNm>RAPID CITY</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57701</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COUNSELING FOR NEEDY</GrantOrContributionPurposeTxt>
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        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHEYENNE RIVER YOUTH PROJECT INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 410</AddressLine1Txt>
            <CityNm>EAGLE BUTTE</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57625</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COLORADO STATE UNIVERSITY FOUNDATIO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1870</AddressLine1Txt>
            <CityNm>FORT COLLINS</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80522</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CULVER EDUCATIONAL FOUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1300 ACADEMY RD 153</AddressLine1Txt>
            <CityNm>CULVER</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>46511</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATIONAL</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FRIENDS OF SD PUBLIC BROADCASTING</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>415 MAIN STREET</AddressLine1Txt>
            <CityNm>RAPID CITY</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57701</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATIONAL</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HERMOSA ARTS AND HISTORY ASSOC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 175</AddressLine1Txt>
            <CityNm>HERMOSA</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57744</ZIPCd>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>IDEA WILD</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>420 RIDDLE DRIVE</AddressLine1Txt>
            <CityNm>FORT COLLINS</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80521</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KNIGHTS OF COLUMBUS</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1981</AddressLine1Txt>
            <CityNm>RAPID CITY</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57709</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LAKOTA NATION INVITATIONAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 3140</AddressLine1Txt>
            <CityNm>RAPID CITY</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57709</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CULTURAL</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MAIN STREET SQUARE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>512 MAIN ST SUITE 980</AddressLine1Txt>
            <CityNm>RAPID CITY</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57701</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY IMPROVEMENT</GrantOrContributionPurposeTxt>
          <Amt>170000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MEDICINE WHEEL RIDE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>22744 PARTRIDGE LANE</AddressLine1Txt>
            <CityNm>BOX ELDER</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57719</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MONUMENT HEALTH FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 6000</AddressLine1Txt>
            <CityNm>RAPID CITY</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57709</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NATIONAL BUFFALO FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1330 CAPITAL BOULEVARD</AddressLine1Txt>
            <CityNm>RENO</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89502</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ONEHEART</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>217 KANSAS CITY STE 100</AddressLine1Txt>
            <CityNm>RAPID CITY</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57701</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>604793</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SAVORY INSTITUTE</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>647-B S BROADWAY STE 12</AddressLine1Txt>
            <CityNm>BOULDER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80305</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONSERVATION</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SHAMUS PROJECT INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>8035 BLACK HAWK ROAD</AddressLine1Txt>
            <CityNm>BLACK HAWK</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57718</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SIOUX YMCA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 218</AddressLine1Txt>
            <CityNm>DUPREE</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57623</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ST ISAAC JOGUES CATHOLIC CHURCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1304</AddressLine1Txt>
            <CityNm>RAPID CITY</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57709</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>4000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WORKING AGAINST VIOLENCE INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>527 QUINCY ST</AddressLine1Txt>
            <CityNm>RAPID CITY</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>57702</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>2371149</TotalGrantOrContriPdDurYrAmt>
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      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
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          <ExclusionAmt>-70894</ExclusionAmt>
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        <OtherInvestmentIncomeGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>5585</ExclusionAmt>
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        <GainSalesAstOthThanInvntryGrp>
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          <ExclusionAmt>177783</ExclusionAmt>
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          <Desc>NONDIVIDEND DISTRIBUTION</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>49660</ExclusionAmt>
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        <OtherRevenueDescribedGrp>
          <Desc>GRANT REPAYMENT</Desc>
          <RelatedOrExemptFunctionIncmAmt>600000</RelatedOrExemptFunctionIncmAmt>
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        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>608023</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>600000</RelatedOrExemptFunctionIncmAmt>
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        <TotalIncomeProducingActyAmt>1208023</TotalIncomeProducingActyAmt>
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      <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>
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        <NetInvestmentIncomeAmt>4111</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>4111</DisbursementsCharitablePrpsAmt>
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      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES-RENTAL</CategoryTxt>
        <Amt>1812</Amt>
        <NetInvestmentIncomeAmt>1812</NetInvestmentIncomeAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>EQUITIES-J P MORGAN INVESTMENT MGMT</StockNm>
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        <EOYFMVAmt>12471409</EOYFMVAmt>
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      <InvestmentLandGrp>
        <CategoryOrItemTxt>RENTAL</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>26073111</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>7531751</AccumulatedDepreciationAmt>
        <BookValueAmt>18541360</BookValueAmt>
        <EOYFMVAmt>4590000</EOYFMVAmt>
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      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>840</LegalFeesAmt>
        <NetInvestmentIncomeAmt>840</NetInvestmentIncomeAmt>
      </LegalFeesGrp>
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES-RENTAL</CategoryTxt>
        <LegalFeesAmt>190</LegalFeesAmt>
        <NetInvestmentIncomeAmt>190</NetInvestmentIncomeAmt>
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    </LegalFeesSchedule>
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      <OtherAssetsScheduleGrp>
        <Desc>EXCISE TAX RECEIVABLE</Desc>
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        <EOYBookValueAmt>20608</EOYBookValueAmt>
        <EOYFMVAmt>20608</EOYFMVAmt>
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        <RevenueAndExpensesPerBooksAmt>657122</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>657122</NetInvestmentIncomeAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
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      <OtherExpensesScheduleGrp>
        <Desc>MISC EXPENSE-RENTAL</Desc>
        <RevenueAndExpensesPerBooksAmt>8032</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>8032</NetInvestmentIncomeAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>5134</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2567</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2567</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE-RENTAL</Desc>
        <RevenueAndExpensesPerBooksAmt>35544</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>35544</NetInvestmentIncomeAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>12000</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>12000</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSES-RENTAL</Desc>
        <RevenueAndExpensesPerBooksAmt>36229</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>36229</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS &amp; MAINTENANCE-RENTAL</Desc>
        <RevenueAndExpensesPerBooksAmt>60624</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>60624</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES-RENTAL</Desc>
        <RevenueAndExpensesPerBooksAmt>96764</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>96764</NetInvestmentIncomeAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT MANAGEMENT FEES &amp;</Desc>
        <RevenueAndExpensesPerBooksAmt>31781</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>31781</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>31670</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>31670</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK &amp; SERVICE CHARGES-RENTAL</Desc>
        <RevenueAndExpensesPerBooksAmt>65</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>65</NetInvestmentIncomeAmt>
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        <Desc>MISC INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>5585</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5585</NetInvestmentIncomeAmt>
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      <OtherIncomeDetail>
        <Desc>NONDIVIDEND DISTRIBUTION</Desc>
        <RevenueAndExpensesPerBooksAmt>49660</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>49660</NetInvestmentIncomeAmt>
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      <OtherIncomeDetail>
        <Desc>GRANT REPAYMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>600000</RevenueAndExpensesPerBooksAmt>
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        <Desc>DAKOTA PARTNERSHIP LOAN</Desc>
        <BOYBookValueAmt>202000</BOYBookValueAmt>
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      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>REAL ESTATE TAXES-RENTAL</CategoryTxt>
        <Amt>123195</Amt>
        <NetInvestmentIncomeAmt>123195</NetInvestmentIncomeAmt>
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</Return>