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        <TaxBasedOnInvestmentIncomeAmt>5253</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>5253</TotalTaxAmt>
        <DistributableBeforeAdjAmt>488971</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>488971</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>488971</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>458812</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>458812</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>488971</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>242532</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>458812</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>242532</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>216280</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>272691</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>TAMMY PHILLIPS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1408</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47308</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7657415506</RecipientPhoneNum>
          <RecipientEmailAddressTxt>TPHILLIPS@SHAFERFOUNDATION.ORG</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>APPLICATION AVAILABLE ON WEBSITE (WWW.SHAFERFOUNDATION.ORG)</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>DECEMBER 1, MARCH 1, JUNE 1, SEPTEMBER 1</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>LIMITED TO ORGANIZATIONS PRIMARILY IN DELAWARE COUNTY, INDIANA &amp; TRAVERSE CITY, MICHIGAN; SUPPORT CHARITABLE FIELDS OF ARTS, CULTURE, EDUCATION, ENVIRONMENT, HEALTH, HUMAN SERVICES, COMMUNITY AFFAIRS</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BALL STATE UNIVERSITY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2800 W BETHEL AVE</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47304</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PAYMENT 2 OF 5 PERFORMING ARTS</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COMMUNITY FOUNDATION OF MUNCIE &amp; DELAWARE COUNTY INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>302 E JACKSON ST</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47308</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FUNDERS' FORUM COLLABORATIVE</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CORNERSTONE CENTER FOR THE ARTS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>520 E MAIN ST</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47305</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GREATER MUNCIE INDIANA HABITAT FOR HUMANITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1420 S HOYT AVE</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47302</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>2023 HOUSING PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HEART OF INDIANA UNITED WAY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>400 N HIGH STREET SUITE 300</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47305</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUMMER BOOK GIVE AWAY PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INTERLOCHEN CENTER FOR THE ARTS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 199</AddressLine1Txt>
            <CityNm>INTERLOCHEN</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>49643</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENDOWMENT</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MASTERWORKS CHORALE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>520 E MAIN ST</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47305</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>VALENTINE'S DAY CONCERT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MOTIVATE OUR MINDS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2023 E HIGHLAND AVE</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47303</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUMMER EDUCATION &amp; TRANSPORTATION</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MUNCIE CHILDREN'S MUSEUM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>515 S HIGH ST</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47305</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>2023 HOLIDAY PROGRAMS</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ORCHESTRA INDIANA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1236</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47308</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GREATEST IMMEDIATE NEED</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SHAFER LEADERSHIP ACADEMY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1208 W WHITE RIVER BLVD</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47303</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>2023 PAYMENT &amp; FOUNDATIONAL SUPPPORT</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YOUTH OPPORTUNITY CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3700 W KILGORE AVE</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47304</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUMMER ENRICHMENT PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>24400</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YWCA OF MUNCIE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>310 E CHARLES ST</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47305</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EMERGENCY SHELTER AND COTS STAY PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MUNCIE MISSION MINISTRIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1725 S LIBERTY ST</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47302</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROJECT GREATHOUSE</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SECOND HARVEST FOOD BANK</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>6621 N OLD STATE ROAD 3</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47303</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATION FULL PACK</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YMCA OF MUNCIE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1187</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47308</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>NEW FACILITY CAPITAL CAMPAIGN</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NONPROFIT SUPPORT NETWORK</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>108 S WALNUT ST STE 306</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>45305</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CORE</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MUNCIE CIVIC THEATRE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>216 E MAIN ST</AddressLine1Txt>
            <CityNm>MUNCIE</CityNm>
            <StateAbbreviationCd>IN</StateAbbreviationCd>
            <ZIPCd>47305</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PAGE TO STAGE PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>449400</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>246006</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>170345</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>ORDINARY BUSINESS INCOME PER K-1</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>NET RENTAL REAL ESTATE INCOME PER K-1</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-1</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OTHER PORTFOLIO INCOME/LOSS PER K-1</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-30</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OTHER INCOME PER K-1</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>11</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>416333</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>416333</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>3980</Amt>
        <NetInvestmentIncomeAmt>3582</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>398</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorporateBondsGrp>
        <BondNm>ABBOTT LABORATORIES 3.750%</BondNm>
        <EOYBookValueAmt>30214</EOYBookValueAmt>
        <EOYFMVAmt>29592</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ALLSTATE 3.280%</BondNm>
        <EOYBookValueAmt>101182</EOYBookValueAmt>
        <EOYFMVAmt>96344</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>19 ALEXANDRIA REAL ESTATE RE 3.375%</BondNm>
        <EOYBookValueAmt>240780</EOYBookValueAmt>
        <EOYFMVAmt>239197</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BANK OF AMERICA CORP 3.950%</BondNm>
        <EOYBookValueAmt>34882</EOYBookValueAmt>
        <EOYFMVAmt>34420</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BANK OF NEW YORK MELLON 3.250%</BondNm>
        <EOYBookValueAmt>127327</EOYBookValueAmt>
        <EOYFMVAmt>119856</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BERKSHIRE HATHAWAY 3.125%</BondNm>
        <EOYBookValueAmt>100214</EOYBookValueAmt>
        <EOYFMVAmt>97220</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CHURCH &amp; DWIGHT 3.150%</BondNm>
        <EOYBookValueAmt>74501</EOYBookValueAmt>
        <EOYFMVAmt>71849</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CITIGROUP INC 2.00% DUE 10/30/28</BondNm>
        <EOYBookValueAmt>160000</EOYBookValueAmt>
        <EOYFMVAmt>137157</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CITIGROUP INC 2.00% DUE 3/16/30</BondNm>
        <EOYBookValueAmt>160000</EOYBookValueAmt>
        <EOYFMVAmt>131031</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>COMCAST CORP 4.250% DUE 10/15/30</BondNm>
        <EOYBookValueAmt>90285</EOYBookValueAmt>
        <EOYFMVAmt>88834</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>COSTCO WHOLESALE CORP 1.375%</BondNm>
        <EOYBookValueAmt>50628</EOYBookValueAmt>
        <EOYFMVAmt>45399</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EMERSON ELECTRIC CO 2.000%</BondNm>
        <EOYBookValueAmt>79400</EOYBookValueAmt>
        <EOYFMVAmt>71634</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GENERAL DYNAMICS CORP 2.250%</BondNm>
        <EOYBookValueAmt>123052</EOYBookValueAmt>
        <EOYFMVAmt>117528</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LOWE'S COS INC 4.500%</BondNm>
        <EOYBookValueAmt>20021</EOYBookValueAmt>
        <EOYFMVAmt>19912</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MCDONALDS CORP 3.500% DUE 7/1/27</BondNm>
        <EOYBookValueAmt>19563</EOYBookValueAmt>
        <EOYFMVAmt>19442</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MCDONALDS CORP 3.600% DUE 7/1/30</BondNm>
        <EOYBookValueAmt>120799</EOYBookValueAmt>
        <EOYFMVAmt>123499</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>OMNICOM 3.600%</BondNm>
        <EOYBookValueAmt>40030</EOYBookValueAmt>
        <EOYFMVAmt>38981</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PARKER HANNIFIN 4.500%</BondNm>
        <EOYBookValueAmt>20094</EOYBookValueAmt>
        <EOYFMVAmt>20104</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PEPSICO INC 3.500%</BondNm>
        <EOYBookValueAmt>95670</EOYBookValueAmt>
        <EOYFMVAmt>93470</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PEPSICO INC 3.600%</BondNm>
        <EOYBookValueAmt>29822</EOYBookValueAmt>
        <EOYFMVAmt>29385</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>RAYTHEON CO SR NOTES 3.150%</BondNm>
        <EOYBookValueAmt>125390</EOYBookValueAmt>
        <EOYFMVAmt>122453</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>STARBUCKS CORP 3.000%</BondNm>
        <EOYBookValueAmt>122170</EOYBookValueAmt>
        <EOYFMVAmt>121335</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>STRYKER 3.375%</BondNm>
        <EOYBookValueAmt>141117</EOYBookValueAmt>
        <EOYFMVAmt>136304</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>US BANCORP 3.600%</BondNm>
        <EOYBookValueAmt>20006</EOYBookValueAmt>
        <EOYFMVAmt>19751</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WAL-MART 3.300%</BondNm>
        <EOYBookValueAmt>20036</EOYBookValueAmt>
        <EOYFMVAmt>19867</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>ACCENTURE</StockNm>
        <EOYBookValueAmt>30104</EOYBookValueAmt>
        <EOYFMVAmt>98606</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ADOBE SYSTEMS INC</StockNm>
        <EOYBookValueAmt>104668</EOYBookValueAmt>
        <EOYFMVAmt>147957</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALLIANT CORP</StockNm>
        <EOYBookValueAmt>19832</EOYBookValueAmt>
        <EOYFMVAmt>20007</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALPHABET CL A</StockNm>
        <EOYBookValueAmt>44012</EOYBookValueAmt>
        <EOYFMVAmt>85211</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMAZON INC</StockNm>
        <EOYBookValueAmt>19792</EOYBookValueAmt>
        <EOYFMVAmt>19752</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMETEK INC</StockNm>
        <EOYBookValueAmt>79826</EOYBookValueAmt>
        <EOYFMVAmt>80796</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMPHENOL CORPORATION</StockNm>
        <EOYBookValueAmt>24441</EOYBookValueAmt>
        <EOYFMVAmt>104781</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ANSYS, INC.</StockNm>
        <EOYBookValueAmt>49709</EOYBookValueAmt>
        <EOYFMVAmt>60964</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>APPLE INC</StockNm>
        <EOYBookValueAmt>19980</EOYBookValueAmt>
        <EOYFMVAmt>19638</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ASTRAZENECA ADR</StockNm>
        <EOYBookValueAmt>46586</EOYBookValueAmt>
        <EOYFMVAmt>46337</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AUTOMATIC DATA PROCESSING</StockNm>
        <EOYBookValueAmt>19583</EOYBookValueAmt>
        <EOYFMVAmt>77579</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BALL CORP</StockNm>
        <EOYBookValueAmt>127070</EOYBookValueAmt>
        <EOYFMVAmt>230080</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERKSHIRE HATHAWAY CL B</StockNm>
        <EOYBookValueAmt>40395</EOYBookValueAmt>
        <EOYFMVAmt>48863</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BROADCOM INC NPV</StockNm>
        <EOYBookValueAmt>51802</EOYBookValueAmt>
        <EOYFMVAmt>190879</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHARLES SCHWAB CORP</StockNm>
        <EOYBookValueAmt>35243</EOYBookValueAmt>
        <EOYFMVAmt>53802</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHUBB CORP</StockNm>
        <EOYBookValueAmt>36032</EOYBookValueAmt>
        <EOYFMVAmt>65992</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COMCAST CORP</StockNm>
        <EOYBookValueAmt>72132</EOYBookValueAmt>
        <EOYFMVAmt>80684</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CONOCOPHILLIPS</StockNm>
        <EOYBookValueAmt>80393</EOYBookValueAmt>
        <EOYFMVAmt>79740</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COPART INC</StockNm>
        <EOYBookValueAmt>50888</EOYBookValueAmt>
        <EOYFMVAmt>73304</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CORTEVA INC</StockNm>
        <EOYBookValueAmt>35160</EOYBookValueAmt>
        <EOYFMVAmt>45620</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COSTCO COMPANIES</StockNm>
        <EOYBookValueAmt>22593</EOYBookValueAmt>
        <EOYFMVAmt>78550</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CULLEN FROST BANKERS</StockNm>
        <EOYBookValueAmt>48719</EOYBookValueAmt>
        <EOYFMVAmt>43830</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DANAHER CORP</StockNm>
        <EOYBookValueAmt>75903</EOYBookValueAmt>
        <EOYFMVAmt>68708</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EDWARDS LIFESCIENCES CORP</StockNm>
        <EOYBookValueAmt>55381</EOYBookValueAmt>
        <EOYFMVAmt>71904</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EOG RESOURCES INC</StockNm>
        <EOYBookValueAmt>52823</EOYBookValueAmt>
        <EOYFMVAmt>69788</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST MERCHANTS CORP</StockNm>
        <EOYBookValueAmt>541139</EOYBookValueAmt>
        <EOYFMVAmt>978801</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FORTINET INC</StockNm>
        <EOYBookValueAmt>54035</EOYBookValueAmt>
        <EOYFMVAmt>46122</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GRACO INC</StockNm>
        <EOYBookValueAmt>25817</EOYBookValueAmt>
        <EOYFMVAmt>67413</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LAM RESEARCH CORP</StockNm>
        <EOYBookValueAmt>77647</EOYBookValueAmt>
        <EOYFMVAmt>79893</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LILLY ELI &amp; CO</StockNm>
        <EOYBookValueAmt>13897</EOYBookValueAmt>
        <EOYFMVAmt>33809</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HOME DEPOT INC</StockNm>
        <EOYBookValueAmt>27820</EOYBookValueAmt>
        <EOYFMVAmt>53705</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JOHNSON &amp; JOHNSON</StockNm>
        <EOYBookValueAmt>63968</EOYBookValueAmt>
        <EOYFMVAmt>59875</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LINDE PLC</StockNm>
        <EOYBookValueAmt>64379</EOYBookValueAmt>
        <EOYFMVAmt>85428</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LOCKHEED MARTIN CORP</StockNm>
        <EOYBookValueAmt>79717</EOYBookValueAmt>
        <EOYFMVAmt>81130</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LOWE'S COMPANIES</StockNm>
        <EOYBookValueAmt>36375</EOYBookValueAmt>
        <EOYFMVAmt>86795</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MCDONALDS CORP</StockNm>
        <EOYBookValueAmt>79486</EOYBookValueAmt>
        <EOYFMVAmt>81540</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MICROSOFT CORPORATION</StockNm>
        <EOYBookValueAmt>56769</EOYBookValueAmt>
        <EOYFMVAmt>128606</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MICROCHIP TECHNOLOGY</StockNm>
        <EOYBookValueAmt>68170</EOYBookValueAmt>
        <EOYFMVAmt>75210</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NEXTERA ENERGY INC</StockNm>
        <EOYBookValueAmt>19724</EOYBookValueAmt>
        <EOYFMVAmt>19741</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>O'REILLY AUTOMOTIVE INC</StockNm>
        <EOYBookValueAmt>15804</EOYBookValueAmt>
        <EOYFMVAmt>88358</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PEPSICO INC</StockNm>
        <EOYBookValueAmt>54606</EOYBookValueAmt>
        <EOYFMVAmt>54179</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>S&amp;P GLOBAL INC</StockNm>
        <EOYBookValueAmt>78814</EOYBookValueAmt>
        <EOYFMVAmt>80615</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SERVICE NOW INC</StockNm>
        <EOYBookValueAmt>102733</EOYBookValueAmt>
        <EOYFMVAmt>135646</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCHLUMBERGER LTD</StockNm>
        <EOYBookValueAmt>69347</EOYBookValueAmt>
        <EOYFMVAmt>79725</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STRYKER CORP</StockNm>
        <EOYBookValueAmt>28983</EOYBookValueAmt>
        <EOYFMVAmt>87442</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TEXAS INSTRS INC</StockNm>
        <EOYBookValueAmt>86032</EOYBookValueAmt>
        <EOYFMVAmt>85401</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TJX COS INC NEW</StockNm>
        <EOYBookValueAmt>64185</EOYBookValueAmt>
        <EOYFMVAmt>100283</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNITEDHEALTH GROUP INC</StockNm>
        <EOYBookValueAmt>61589</EOYBookValueAmt>
        <EOYFMVAmt>63703</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VERIZON COMMUNICATIONS INC</StockNm>
        <EOYBookValueAmt>75726</EOYBookValueAmt>
        <EOYFMVAmt>58812</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VISA</StockNm>
        <EOYBookValueAmt>79609</EOYBookValueAmt>
        <EOYFMVAmt>80188</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WAL MART STORES INC</StockNm>
        <EOYBookValueAmt>79477</EOYBookValueAmt>
        <EOYFMVAmt>81032</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc2210400001">
      <USGovtObligationsBookVlEOYAmt>723519</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>686189</USGovtObligationsEOYFMVAmt>
      <StateLocalSecBookVlEOYAmt>0</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>0</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ALEXANDRIA RE EQUITIES INC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>26259</BookValueAmt>
        <EOYFMVAmt>21424</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>JANUS ENTERPRISE CL I</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>197086</BookValueAmt>
        <EOYFMVAmt>197028</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MORGAN STANLEY INTL ADVANTAGE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>150000</BookValueAmt>
        <EOYFMVAmt>152648</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NORTHERN MIDCAP INDEX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>259076</BookValueAmt>
        <EOYFMVAmt>269404</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PZENA EMERGING MARKET VALUE FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>50000</BookValueAmt>
        <EOYFMVAmt>51391</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>REALTY INCOME CORP REIT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>23741</BookValueAmt>
        <EOYFMVAmt>22681</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>RUSSELL MID CAP INDEX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>200620</BookValueAmt>
        <EOYFMVAmt>316206</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>S&amp;P SMALL CAP 600 CORE ETF ISHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>339087</BookValueAmt>
        <EOYFMVAmt>422067</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SCHWAB FUNDAMENTAL INTL LC INSTL SHS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>250000</BookValueAmt>
        <EOYFMVAmt>256849</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CONSUMER STAPLES SECTOR ETF SPDR</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>44226</BookValueAmt>
        <EOYFMVAmt>57264</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TECHNOLOGY SELECT SECTOR ETF SPDR</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>168269</BookValueAmt>
        <EOYFMVAmt>240985</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD INTL GROWTH ADMIRAL SHS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>100000</BookValueAmt>
        <EOYFMVAmt>102641</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD MIDCAP INDEX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>190681</BookValueAmt>
        <EOYFMVAmt>293061</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD S/C INDEX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>136858</BookValueAmt>
        <EOYFMVAmt>192520</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WCM FOCUSED EMERGING MKTS FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>50000</BookValueAmt>
        <EOYFMVAmt>51380</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>COMMONFUND CAPITAL PARTNERS IX, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>29242</BookValueAmt>
        <EOYFMVAmt>29242</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>PORTRAITS</Desc>
        <BOYBookValueAmt>7650</BOYBookValueAmt>
        <EOYBookValueAmt>7650</EOYBookValueAmt>
        <EOYFMVAmt>8300</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>PERSONAL PROPERTY</Desc>
        <BOYBookValueAmt>3090</BOYBookValueAmt>
        <EOYBookValueAmt>3090</EOYBookValueAmt>
        <EOYFMVAmt>3090</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>INTEREST AND DIVIDENDS RECEIVABLE</Desc>
        <BOYBookValueAmt>245</BOYBookValueAmt>
        <EOYBookValueAmt>1195</EOYBookValueAmt>
        <EOYFMVAmt>29950</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>EXCISE TAX RECEIVABLE</Desc>
        <BOYBookValueAmt>11056</BOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>24465</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>24465</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>1258</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>629</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>629</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>293</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>146</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>147</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>123</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>61</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>62</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT INTEREST EXPENSE PER K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>1085</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1085</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER PORTFOLIO DEDUCTIONS PER K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>3610</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3606</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MANAGEMENT FEES PER K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>1002</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1002</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>ORDINARY BUSINESS INCOME PER K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>2</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>NET RENTAL REAL ESTATE INCOME PER K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>-1</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-1</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-1</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER PORTFOLIO INCOME/LOSS PER K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>-30</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-30</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-30</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER INCOME PER K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>11</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>11</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>11</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilitiesDetail>
        <Desc>EXCISE TAX PAYABLE</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>2453</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ADMIN FEES</CategoryTxt>
        <Amt>7858</Amt>
        <NetInvestmentIncomeAmt>3929</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3929</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>5253</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>1517</Amt>
        <NetInvestmentIncomeAmt>1517</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>