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          <PersonNm>HEIDI REIFENSTEIN</PersonNm>
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        <TotalExcessDistributionCyovAmt>512951</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>487233</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>297205</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>190028</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>702979</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>63985</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>638994</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>153057</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>295909</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>190028</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SEE ATTACHED DETAIL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SEE ATTACHED DETAIL</AddressLine1Txt>
            <CityNm>SEE ATTACHED DETAIL</CityNm>
            <StateAbbreviationCd>AK</StateAbbreviationCd>
            <ZIPCd>99802</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>SCHEDULED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>SCHEDULED</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHEDULED</GrantOrContributionPurposeTxt>
          <Amt>340500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>340500</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>82323</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>85561</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>245096</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>412980</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>412980</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc1">
      <AccountingFeesDetail>
        <CategoryTxt>INDIRECT ACCOUNTING FEES</CategoryTxt>
        <Amt>3620</Amt>
        <DisbursementsCharitablePrpsAmt>3620</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc2">
      <DepreciationPropertyGrp>
        <PropertyDesc>WEBSITE REDESIGN</PropertyDesc>
        <AcquiredDt>2017-06-26</AcquiredDt>
        <CostOrOtherBasisAmt>6200</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6200</PriorYearDepreciationAmt>
        <LifeRt>3.0000</LifeRt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc3">
      <InvestmentsCorporateBondsGrp>
        <BondNm>CBT - CORPORATE BONDS</BondNm>
        <EOYBookValueAmt>225000</EOYBookValueAmt>
        <EOYFMVAmt>225416</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc4">
      <InvestmentsCorporateStockGrp>
        <StockNm>CBT - CORPORATE STOCK</StockNm>
        <EOYBookValueAmt>3289572</EOYBookValueAmt>
        <EOYFMVAmt>5184655</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc5">
      <USGovtObligationsBookVlEOYAmt>879950</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>873300</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <LandEtcSchedule2 documentId="RetDoc6">
      <LandEtcGrp>
        <CostOrOtherBasisAmt>6200</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6200</AccumulatedDepreciationAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherAssetsSchedule documentId="RetDoc7">
      <OtherAssetsScheduleGrp>
        <Desc>PURCHASED INTEREST</Desc>
        <BOYBookValueAmt>338</BOYBookValueAmt>
        <EOYBookValueAmt>937</EOYBookValueAmt>
        <EOYFMVAmt>937</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>765</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>15</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>112</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>110</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>WEBSITE</Desc>
        <RevenueAndExpensesPerBooksAmt>137</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>135</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE</Desc>
        <RevenueAndExpensesPerBooksAmt>326</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>320</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc9">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT SERVICES -</CategoryTxt>
        <Amt>19621</Amt>
        <NetInvestmentIncomeAmt>19621</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CONSULTING</CategoryTxt>
        <Amt>99194</Amt>
        <NetInvestmentIncomeAmt>992</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>98202</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc10">
      <TaxesDetail>
        <CategoryTxt>ESTIMATES</CategoryTxt>
        <Amt>1938</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>338</Amt>
        <NetInvestmentIncomeAmt>338</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>