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            <ZIPCd>12212</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SHELBY MC DAVIS</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O K HEISS AYCO PO BOX 15201</AddressLine1Txt>
            <CityNm>ALBANY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12212</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
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          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <PersonNm>PHILIP O GEIER</PersonNm>
          <USAddress>
            <AddressLine1Txt>460 PIERCE ST</AddressLine1Txt>
            <CityNm>MONTEREY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93940</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>GRANTS CONSULTING</ServiceTypeTxt>
          <CompensationAmt>216000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <PersonNm>JACOB MNOOKIN</PersonNm>
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            <AddressLine1Txt>C/O AYCO PO BOX 15201</AddressLine1Txt>
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          <ServiceTypeTxt>GRANTS CONSULTING</ServiceTypeTxt>
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        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
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      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).</Description1Txt>
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      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1299800451</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>14085408</AverageMonthlyCashBalancesAmt>
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        <TotalFMVOfUnusedAssetsAmt>2825101784</TotalFMVOfUnusedAssetsAmt>
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        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>2825101784</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>42376527</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>2782725257</NetVlNoncharitableAssetsAmt>
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      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>139136263</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>355440</TaxBasedOnInvestmentIncomeAmt>
        <IncomeTaxAmt>178209</IncomeTaxAmt>
        <TotalTaxAmt>533649</TotalTaxAmt>
        <DistributableBeforeAdjAmt>138602614</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>138602614</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>138602614</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>125926546</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>125926546</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>138602614</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>118793617</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>125926546</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>118793617</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>7132929</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>131469685</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
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        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
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      <SupplementaryInformationGrp>
        <ContributingManagerNm>SHELBY MC DAVIS</ContributingManagerNm>
        <ShareholderManagerNm>LANSING A DAVIS</ShareholderManagerNm>
        <ShareholderManagerNm>SHELBY MC DAVIS</ShareholderManagerNm>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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          <RecipientUSAddress>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
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        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
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      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
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          <ExclusionAmt>992525</ExclusionAmt>
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        <DividendsAndInterestFromSecDtl>
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        <OtherInvestmentIncomeGrp>
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        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>943902</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>-36368826</ExclusionAmt>
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      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
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        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
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        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
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    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>PRINCETON UNIVERSITY</BusinessNameLine1Txt>
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        <ContributorUSAddress>
          <AddressLine1Txt>701 CARNEGIE CENTER SUITE 556</AddressLine1Txt>
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          <StateAbbreviationCd>NJ</StateAbbreviationCd>
          <ZIPCd>08544</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>1498352</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
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    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>TAX PREPARATION FEES</CategoryTxt>
        <Amt>49000</Amt>
        <NetInvestmentIncomeAmt>24500</NetInvestmentIncomeAmt>
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    </AccountingFeesSchedule>
    <ExplnOfNonFilingWithAGStmt documentId="RetDoc2210600001">
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      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOLDMAN SACHS #7600 - PUBLICLY TRADED SECURITIES</StockNm>
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        <EOYFMVAmt>48986146</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>GOLDMAN SACHS #5972 - PUBLICLY TRADED SECURITIES</StockNm>
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      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY #1880 - PUBLICLY TRADED SECURITIES</StockNm>
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      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY #OJO2 - PUBLICLY TRADED SECURITIES</StockNm>
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        <EOYFMVAmt>35496491</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIDELITY #2240 - PUBLICLY TRADED SECURITIES</StockNm>
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        <EOYFMVAmt>17900407</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIDELITY #1319 - PUBLICLY TRADED SECURITIES</StockNm>
        <EOYBookValueAmt>6600104</EOYBookValueAmt>
        <EOYFMVAmt>8630120</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIDELITY #1704 - PUBLICLY TRADED SECURITIES</StockNm>
        <EOYBookValueAmt>131276753</EOYBookValueAmt>
        <EOYFMVAmt>637559855</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIDELITY #0279 - PUBLICLY TRADED SECURITIES</StockNm>
        <EOYBookValueAmt>45688777</EOYBookValueAmt>
        <EOYFMVAmt>50056614</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JP MORGAN #9004 - PUBLICLY TRADED SECURITIES</StockNm>
        <EOYBookValueAmt>87241047</EOYBookValueAmt>
        <EOYFMVAmt>310145583</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLS FARGO #8259 - PUBLICLY TRADED SECURITIES</StockNm>
        <EOYBookValueAmt>7718221</EOYBookValueAmt>
        <EOYFMVAmt>14903893</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GS CORPORATE CREDIT INV OFFSH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>7342967</BookValueAmt>
        <EOYFMVAmt>13838811</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GS GLOBAL LONG SHORT PTRS OFSH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>962571</BookValueAmt>
        <EOYFMVAmt>63627</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GS VINTAGE VII LP OFFSHORE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2728905</BookValueAmt>
        <EOYFMVAmt>2667647</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GS PRIV MID MRKT CRED OFFSH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>3100551</BookValueAmt>
        <EOYFMVAmt>1477054</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GS GLOBAL ATLANTIC OFFSH LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>10611542</BookValueAmt>
        <EOYFMVAmt>25738978</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GS WEST ST CAP PTRS VII PAR LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1713372</BookValueAmt>
        <EOYFMVAmt>2822731</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DAVIS PARTNERSHIP LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>909894523</BookValueAmt>
        <EOYFMVAmt>1326839057</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PETRUS FARMLAND INVESTORS I LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>3332124</BookValueAmt>
        <EOYFMVAmt>6529945</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PETERSHILL II OFFSHORE LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>4845473</BookValueAmt>
        <EOYFMVAmt>5311347</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GREEN STREET BANCFUND LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>23552300</BookValueAmt>
        <EOYFMVAmt>27902914</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LANSING MANAGEMENT ONSHORE LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2621540</BookValueAmt>
        <EOYFMVAmt>3816667</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BLUE WATER LIFE SCIENCE FD LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>27449739</BookValueAmt>
        <EOYFMVAmt>22996503</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BLUE PINE FINANCIAL OPP II LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>12143068</BookValueAmt>
        <EOYFMVAmt>12137817</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GLOBAL FRONTIER PTRS LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>11127459</BookValueAmt>
        <EOYFMVAmt>8713060</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GLOBAL FRONTIER QUANTUM OPP LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>21177973</BookValueAmt>
        <EOYFMVAmt>37278609</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SELKIRK PARTNERS LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>5627546</BookValueAmt>
        <EOYFMVAmt>8595022</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>USA FUND LLLP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>576191</BookValueAmt>
        <EOYFMVAmt>1154420</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WORLD TOTAL RETURN LLLP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2213421</BookValueAmt>
        <EOYFMVAmt>3331716</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>11186</LegalFeesAmt>
        <NetInvestmentIncomeAmt>11186</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>PORTFOLIO DED FROM PASSTHROUGH</Desc>
        <RevenueAndExpensesPerBooksAmt>7308638</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7308638</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CHARITABLE CONTRBS THROUGH INV</Desc>
        <RevenueAndExpensesPerBooksAmt>4</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>4</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NONDEDUCTIBLE FROM PASSTHROUGH</Desc>
        <RevenueAndExpensesPerBooksAmt>21339</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>STATE OF WYOMING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>ROYALTY INCOME FROM PASSTHROUGHS</Desc>
        <RevenueAndExpensesPerBooksAmt>1072</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1072</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ORDINARY INCOME FROM PASSTHROUGHS</Desc>
        <RevenueAndExpensesPerBooksAmt>3685501</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2741599</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>RENTAL INCOME FROM PASSTHROUGHS</Desc>
        <RevenueAndExpensesPerBooksAmt>27591</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>27591</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>SEC. 988 INCOME FROM PASSTHROUGHS</Desc>
        <RevenueAndExpensesPerBooksAmt>-1655305</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-1655305</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER PORTFOLIO INCOME FROM PASSTHROUGHS</Desc>
        <RevenueAndExpensesPerBooksAmt>5836</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5836</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER INCOME FROM PASSTHROUGHS</Desc>
        <RevenueAndExpensesPerBooksAmt>-78703</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-93331</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>SEC. 1231 INCOME FROM PASSTHROUGHS</Desc>
        <RevenueAndExpensesPerBooksAmt>2193</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2193</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>APPRECIATION OF DONOR'S COST BASIS FOR STOCKS AND ASSETS DONATED</Desc>
        <Amt>52885450</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISORY FEES</CategoryTxt>
        <Amt>449082</Amt>
        <NetInvestmentIncomeAmt>449082</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PHILIP GEIER CONSULTING</CategoryTxt>
        <Amt>216000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>216000</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>JACOB MNOOKIN CONSULTING</CategoryTxt>
        <Amt>108000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>108000</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAXES</CategoryTxt>
        <Amt>3200000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>81841</Amt>
        <NetInvestmentIncomeAmt>81841</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
    <TransfersFrmControlledEntities documentId="RetDoc2204900001">
      <TransfersFromControlledEntGrp>
        <BusinessName>
          <BusinessNameLine1Txt>WORLD TOTAL RETURN FUND</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>2907 WEST STRATHMORE AVE</AddressLine1Txt>
          <CityNm>BALTIMORE</CityNm>
          <StateAbbreviationCd>MD</StateAbbreviationCd>
          <ZIPCd>21209</ZIPCd>
        </USAddress>
        <EIN>521799733</EIN>
        <Desc>TAXABLE INCOME, DEDUCTIONS, GAINS AND LOSSES</Desc>
        <Amt>0</Amt>
      </TransfersFromControlledEntGrp>
      <TransfersFromControlledEntGrp>
        <BusinessName>
          <BusinessNameLine1Txt>USA FUND</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>2907 WEST STRATHMORE AVE</AddressLine1Txt>
          <CityNm>BALTIMORE</CityNm>
          <StateAbbreviationCd>MD</StateAbbreviationCd>
          <ZIPCd>21209</ZIPCd>
        </USAddress>
        <EIN>521799734</EIN>
        <Desc>TAXABLE INCOME, DEDUCTIONS, GAINS AND LOSSES</Desc>
        <Amt>0</Amt>
      </TransfersFromControlledEntGrp>
      <TotalAmt>21204</TotalAmt>
    </TransfersFrmControlledEntities>
  </ReturnData>
</Return>