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          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <PersonNm>CITI PRIVATE BANK</PersonNm>
          <USAddress>
            <AddressLine1Txt>388 GREENWICH STREET 19TH FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10013</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT SERVICES</ServiceTypeTxt>
          <CompensationAmt>388215</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>LOAN 18038 ACES (ARGENTINA) TO INCREASE HOSPITAL'S FOR SURGICAL PATIENTS BY BUILDING AN OUTPATIENT CENTER AND INPATIENT FLOOR WITH 40 BEDS</Description1Txt>
        <Expenses1Amt>4000000</Expenses1Amt>
        <TotalAmt>4000000</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>77359001</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>2737753</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>80096754</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>80096754</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1201451</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>78895303</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>3944765</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>3944765</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>19813</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>19813</TotalTaxAmt>
        <DistributableBeforeAdjAmt>3924952</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>932031</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>4856983</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>4856983</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>2233615</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>4000000</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>6233615</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>4856983</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>5212042</UndistributedIncomePYAmt>
        <PriorYear1Yr>2021</PriorYear1Yr>
        <PriorYear2Yr>2020</PriorYear2Yr>
        <TotalForPriorYearsAmt>714828</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>0</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>0</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>0</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>0</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>0</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>6233615</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>5212042</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt referenceDocumentId="AppliedToPriorYearElection">714828</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt referenceDocumentId="DistributionFromCorpusElection">113788</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>192957</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>113788</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>4664026</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>113788</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>0</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>0</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>0</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>0</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>0</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ASOCIACION CULTURAL INTERNACIONAL AC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>AV REVOLUCION 2042 PISO 5</AddressLine1Txt>
            <CityNm>La Otra Banda</CityNm>
            <ProvinceOrStateNm>MEXICO</ProvinceOrStateNm>
            <CountryCd>MX</CountryCd>
            <ForeignPostalCd>01090</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>FC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>MONTEFALCO SCHOOL - GRANT</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE WITHERSPOON INSTITUTE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>16 STOCKTON STREET</AddressLine1Txt>
            <CityNm>PRINCETON</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08540</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO SUPPORT SCHREYER SUMMER</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YOUTH SERVICE INTERNATIONAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5815 NORTH CICERO AVE</AddressLine1Txt>
            <CityNm>Chicago</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60646</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SERVICE PROJECT IN PERU</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Pontificia Universita della Santa Croce</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>PUSC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>PIAZZA DI SANT APOLLINARE 49</AddressLine1Txt>
            <CityNm>ROME</CityNm>
            <ProvinceOrStateNm>ITALY</ProvinceOrStateNm>
            <CountryCd>IT</CountryCd>
            <ForeignPostalCd>00186</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GRANT FOR OPERATING</GrantOrContributionPurposeTxt>
          <Amt>2000000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>2145000</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientPersonNm>Caribbean Educational Association</RecipientPersonNm>
          <RecipientForeignAddress>
            <AddressLine1Txt>9 SWEET BRIAR ROAD</AddressLine1Txt>
            <CityNm>Port of Spain</CityNm>
            <ProvinceOrStateNm>Port of Spain</ProvinceOrStateNm>
            <CountryCd>TD</CountryCd>
            <ForeignPostalCd>190131</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>FC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GRANT FOR BRIAR HOUSE STUDY</GrantOrContributionPurposeTxt>
          <Amt>64000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientPersonNm>University of Piura</RecipientPersonNm>
          <RecipientForeignAddress>
            <AddressLine1Txt>MARTIR OLAYA 162</AddressLine1Txt>
            <CityNm>Lima</CityNm>
            <ProvinceOrStateNm>Miraflores</ProvinceOrStateNm>
            <CountryCd>PE</CountryCd>
            <ForeignPostalCd>15074</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>FC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GRANT FOR ESTEBAN</GrantOrContributionPurposeTxt>
          <Amt>110000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientPersonNm>University of Piura</RecipientPersonNm>
          <RecipientForeignAddress>
            <AddressLine1Txt>MARTIR OLAYA 162</AddressLine1Txt>
            <CityNm>Lima</CityNm>
            <ProvinceOrStateNm>Miraflores</ProvinceOrStateNm>
            <CountryCd>PE</CountryCd>
            <ForeignPostalCd>15074</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>FC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMEMORATIVE PUBLICATION</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>214000</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>175295</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1272804</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncomeGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-411380</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>W ST DF ONSHORE FE</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>3198</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>BTO II OFFSHORE FE</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>7844</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>EUROPEAN PRIMARY L</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>402</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>EUROPEAN SREC SITS</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>8390</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>HH PRE-IPO OFFSHOR</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>21034</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>DGP OWNERSHIP OFFS</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>115964</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>WELLINGTON HH PRE-</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>-1336</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>601 WEST OFFSHORE</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>75854</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>AREOF III OFFSHORE</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>26300</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>C VIII REAL ESTATE</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>-15754</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>CLASS ACTION SETTL</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>44471</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>CURRENCY GAINS</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>1985</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>PROGRAM LOAN INTER</Desc>
          <RelatedOrExemptFunctionIncmAmt>127430</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>1325071</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>127430</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1452501</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>11</LineNumberTxt>
          <RelationshipStatementTxt>INTEREST FROM LOW INTEREST LOANS TO QUALIFYING CHARITABLE RECIPIENTS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>true</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>
        <TransferScheduleDetail>
          <LineNumberTxt>1a(1)</LineNumberTxt>
          <InvolvedAmt>100000</InvolvedAmt>
          <NoncharitableExemptOrgName>
            <BusinessNameLine1Txt>ASOCIACION CULTURAL INTERNACIONAL</BusinessNameLine1Txt>
          </NoncharitableExemptOrgName>
          <TransfersTransAndShrArrngmDesc>SCHOLARSHIPS</TransfersTransAndShrArrngmDesc>
        </TransferScheduleDetail>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>BERNARD J LAURENS</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1810 OLD RESTON AVE</AddressLine1Txt>
          <CityNm>RESTON</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>20190</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>200000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>CAMPODONICO FOUNDATION</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>2751 CENTERVILLE ROAD</AddressLine1Txt>
          <AddressLine2Txt>STE 400</AddressLine2Txt>
          <CityNm>WILMINGTON</CityNm>
          <StateAbbreviationCd>DE</StateAbbreviationCd>
          <ZIPCd>19808</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>101721</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>3</ContributorNum>
        <ContributorPersonNm>RICARDO MANUEL GOMEZ</ContributorPersonNm>
        <ContributorForeignAddress>
          <AddressLine1Txt>CLARO VILLA FONTANA</AddressLine1Txt>
          <AddressLine2Txt>200 M SUR M ESTE</AddressLine2Txt>
          <ProvinceOrStateNm>MANAGUA</ProvinceOrStateNm>
          <CountryCd>NU</CountryCd>
          <ForeignPostalCd>14167</ForeignPostalCd>
        </ContributorForeignAddress>
        <TotalContributionsAmt>50000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule">
      <AccountingFeesDetail>
        <CategoryTxt>AUDIT AND TAX FEES</CategoryTxt>
        <Amt>17000</Amt>
        <NetInvestmentIncomeAmt>8500</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>8500</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <AppliedToPriorYearElection documentId="AppliedToPriorYearElection">
      <ElectionDesc>Pursuant to IRC Sec. 4942(h)(2) and Reg. 53.4942(a)-3(d)(2), the above referenced foundation hereby elects to treat current year qualifying distributions in excess of the immediately preceding tax year's undistributed income as being made out of undistributed income from the tax year ending 2021 and 2020 in the amount of $523,296 and $191,532, respectively.</ElectionDesc>
    </AppliedToPriorYearElection>
    <DepreciationSchedule documentId="DepreciationSchedule">
      <DepreciationPropertyGrp>
        <PropertyDesc>BUILDING</PropertyDesc>
        <AcquiredDt>2010-05-28</AcquiredDt>
        <CostOrOtherBasisAmt>12854528</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5391757</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>30</LifeRt>
        <CurrentYearExpenseAmt>428484</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>LAND</PropertyDesc>
        <AcquiredDt>2010-05-28</AcquiredDt>
        <CostOrOtherBasisAmt>12912000</CostOrOtherBasisAmt>
        <ComputationMethodTxt>L</ComputationMethodTxt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <DistributionFromCorpusElection documentId="DistributionFromCorpusElection">
      <ElectionDesc>Pursuant to Reg. 53.4942(a)-3(c)(2)(iv), this foundation elects to treat, as a current corpus distribution, the following unused prior tax year's distributions that were treated as corpus distributions under Reg. 53.4942(a)-3(d)(1)(iii) in the amount of $113,788 for the 2022 tax year.</ElectionDesc>
    </DistributionFromCorpusElection>
    <ExpenditureResponsibilityStmt documentId="ExpenditureResponsibilityStmt">
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>ASOCIACION CULTURAL INTERNACIONAL AC</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>AV REVOLUCION 2042 PISO 5 COL LA</AddressLine1Txt>
          <CityNm>MEXICO</CityNm>
          <ProvinceOrStateNm>MEXICO</ProvinceOrStateNm>
          <CountryCd>MX</CountryCd>
          <ForeignPostalCd>06600</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2023-05-09</GrantDt>
        <GrantAmt>100000</GrantAmt>
        <PurposeOfGrantTxt>MAINTENANCE COSTS OF MONTEFALCO SCHOOL ($15,000) SCHOLARSHIPS ($85,000)</PurposeOfGrantTxt>
        <DatesOfReportsByGranteeTxt>2/15/2024</DatesOfReportsByGranteeTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Prelatura della Santa Croce e Opus Dei</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>Viale Bruno Buozzi 73</AddressLine1Txt>
          <CityNm>ROME</CityNm>
          <ProvinceOrStateNm>ROME</ProvinceOrStateNm>
          <CountryCd>IT</CountryCd>
          <ForeignPostalCd>00197</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2022-12-16</GrantDt>
        <GrantAmt>3079099</GrantAmt>
        <PurposeOfGrantTxt>VILLA FONTANA PROJECT</PurposeOfGrantTxt>
        <DatesOfReportsByGranteeTxt>PENDING</DatesOfReportsByGranteeTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Collegio Universitario Internazionale di Roma (CUIR)</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>Via Anicia n 13</AddressLine1Txt>
          <CityNm>Roma</CityNm>
          <ProvinceOrStateNm>ROME</ProvinceOrStateNm>
          <CountryCd>IT</CountryCd>
          <ForeignPostalCd>00153</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2021-05-27</GrantDt>
        <GrantAmt>611335</GrantAmt>
        <PurposeOfGrantTxt>GRANT FOR EXPANSION OF COLLEGIO SEDES SAPIENTIAE PART 2</PurposeOfGrantTxt>
        <DatesOfReportsByGranteeTxt>PENDING</DatesOfReportsByGranteeTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Prelatura della Santa Croce e Opus Dei</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>Viale Bruno Buozzi 73</AddressLine1Txt>
          <CityNm>ROME</CityNm>
          <ProvinceOrStateNm>ROME</ProvinceOrStateNm>
          <CountryCd>IT</CountryCd>
          <ForeignPostalCd>00197</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2021-12-20</GrantDt>
        <GrantAmt>2312220</GrantAmt>
        <PurposeOfGrantTxt>GRANT FOR VILLA FONTANA PROJECT</PurposeOfGrantTxt>
        <DatesOfReportsByGranteeTxt>PENDING</DatesOfReportsByGranteeTxt>
      </ExpenditureResponsibilityGrp>
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Collegio Universitario Internazionale di Roma (CUIR)</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>Via Anicia n 13</AddressLine1Txt>
          <CityNm>Roma</CityNm>
          <ProvinceOrStateNm>ROME</ProvinceOrStateNm>
          <CountryCd>IT</CountryCd>
          <ForeignPostalCd>00153</ForeignPostalCd>
        </ForeignAddress>
        <GrantDt>2020-12-17</GrantDt>
        <GrantAmt>614715</GrantAmt>
        <PurposeOfGrantTxt>GRANT FOR EXPANSION OF COLLEGIO SEDES SAPIENTIAE</PurposeOfGrantTxt>
        <DatesOfReportsByGranteeTxt>PENDING</DatesOfReportsByGranteeTxt>
      </ExpenditureResponsibilityGrp>
    </ExpenditureResponsibilityStmt>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MEXICO R/E - TORRE CENTENARIO</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>5000000</BookValueAmt>
        <EOYFMVAmt>5000000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CTP OFFSHORE FEEDER FUND, L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>96830</BookValueAmt>
        <EOYFMVAmt>96830</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CVC EUROPN PRIM LENDING FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>70380</BookValueAmt>
        <EOYFMVAmt>70380</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WELLINGTON HH PRE-IPO OFFSHORE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>151092</BookValueAmt>
        <EOYFMVAmt>151092</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BTO II OFFSHORE FEEDER FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>386104</BookValueAmt>
        <EOYFMVAmt>386104</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>W ST DF ONSHORE FEEDER FUND LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>8423</BookValueAmt>
        <EOYFMVAmt>8423</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DGP OWNERSHIP OFFSHR FEEDER LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>946093</BookValueAmt>
        <EOYFMVAmt>946093</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>EUROPEAN SPEC SITS FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>468199</BookValueAmt>
        <EOYFMVAmt>468199</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HEDGEFORUM PORTFOLIOS LLC- HF</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>12114960</BookValueAmt>
        <EOYFMVAmt>12144960</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HH PRE-IPO OFFSHORE FUND II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>251459</BookValueAmt>
        <EOYFMVAmt>251459</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CVII REAL ESTATE OPP ONSHOREA</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>200075</BookValueAmt>
        <EOYFMVAmt>200075</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>601 WEST ONSHORE FEEDER FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1447650</BookValueAmt>
        <EOYFMVAmt>1447650</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HF MILLENNIUM LTD CI A CTP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>810807</BookValueAmt>
        <EOYFMVAmt>810807</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HF RENAISSANCE LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>601593</BookValueAmt>
        <EOYFMVAmt>601593</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AREOF III OFFSHORE FEEDER FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>457399</BookValueAmt>
        <EOYFMVAmt>457399</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSchedule">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>15000</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>15000</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule">
      <OtherAssetsScheduleGrp>
        <Desc>PROGRAM LOANS RECEIVABLE</Desc>
        <BOYBookValueAmt>12177118</BOYBookValueAmt>
        <EOYBookValueAmt>14804950</EOYBookValueAmt>
        <EOYFMVAmt>14804950</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>ACCRUED INVESTMENT INCOME</Desc>
        <BOYBookValueAmt>133595</BOYBookValueAmt>
        <EOYBookValueAmt>148962</EOYBookValueAmt>
        <EOYFMVAmt>148962</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule">
      <OtherExpensesScheduleGrp>
        <Desc>ADMINISTRATIVE SERVICES</Desc>
        <RevenueAndExpensesPerBooksAmt>1051</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>129</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>922</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REGULATORY COMPLIANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>129</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>129</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>15</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>15</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INFORMATION TECHNOLOGY</Desc>
        <RevenueAndExpensesPerBooksAmt>10</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>10</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NYS AG FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>3000</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3000</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2">
      <OtherIncomeDetail>
        <Desc>W ST DF ONSHORE FEEDER FUND, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>3198</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3198</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>BTO II OFFSHORE FEEDER FUND</Desc>
        <RevenueAndExpensesPerBooksAmt>7844</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7844</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>EUROPEAN PRIMARY LENDING OP</Desc>
        <RevenueAndExpensesPerBooksAmt>402</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>402</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>EUROPEAN SPEC SITS FUND</Desc>
        <RevenueAndExpensesPerBooksAmt>8390</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>8390</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>HH PRE-IPO OFFSHORE FUND II</Desc>
        <RevenueAndExpensesPerBooksAmt>21034</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>21034</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>DGP OWNERSHIP OFFSHR FEEDER LP</Desc>
        <RevenueAndExpensesPerBooksAmt>115964</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>115964</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>WELLINGTON HH PRE-IPO OFFSHORE</Desc>
        <RevenueAndExpensesPerBooksAmt>-1336</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-1336</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>601 WEST OFFSHORE</Desc>
        <RevenueAndExpensesPerBooksAmt>75854</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>75854</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>AREOF III OFFSHORE FEEDER FUND</Desc>
        <RevenueAndExpensesPerBooksAmt>26300</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>26300</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>C VIII REAL ESTATE OPP</Desc>
        <RevenueAndExpensesPerBooksAmt>-15754</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-15754</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>CLASS ACTION SETTLEMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>44471</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>44471</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>CURRENCY GAINS</Desc>
        <RevenueAndExpensesPerBooksAmt>1985</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1985</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>PROGRAM LOAN INTEREST</Desc>
        <RevenueAndExpensesPerBooksAmt>127430</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>127430</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSchedule">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAIN ON INVESTMENTS</Desc>
        <Amt>8171572</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>PARTNERSHIP INCOME ADJUSTMENT</Desc>
        <Amt>1131415</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>INVESTMENT TAX RECEIVABLE</Desc>
        <Amt>18765</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>JOURNAL ENTRY ADJUSTMENTS</Desc>
        <Amt>10240</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>388215</Amt>
        <NetInvestmentIncomeAmt>388215</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>28625</Amt>
        <NetInvestmentIncomeAmt>28625</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAX PAYMENT</CategoryTxt>
        <Amt>10403</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>