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        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>7971193</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>622859</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>8594052</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>8594052</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>128911</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>8465141</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>423257</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>423257</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1154</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1154</TotalTaxAmt>
        <DistributableBeforeAdjAmt>422103</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>422103</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>422103</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>428010</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>428010</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>422103</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>419018</UndistributedIncomePYAmt>
        <PriorYear1Yr>2020</PriorYear1Yr>
        <TotalForPriorYearsAmt>2430</TotalForPriorYearsAmt>
        <QualifyingDistributionsAmt>428010</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>419018</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>8992</AppliedToCurrentYearAmt>
        <PriorYearUndistributedIncmAmt>2430</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>2430</PriorYearDeficiencyOrTaxAmt>
        <UndistributedIncomeCYAmt>413111</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YALE UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>60 COLLEGE ST</AddressLine1Txt>
            <AddressLine2Txt>624 LEPH</AddressLine2Txt>
            <CityNm>NEW HAVEN</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06510</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FELLOWSHIP</GrantOrContributionPurposeTxt>
          <Amt>216216</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ACADEMIA SINICA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>128 SECTION 2</AddressLine1Txt>
            <AddressLine2Txt>ACADEMIA</AddressLine2Txt>
            <CityNm>TAIPEI</CityNm>
            <ProvinceOrStateNm>TAIWAN</ProvinceOrStateNm>
            <CountryCd>CH</CountryCd>
            <ForeignPostalCd>11529</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FELLOWSHIP</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ASIAN AMERICAN EDUCATION PROJECT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 26120</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90026</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FELLOWSHIP</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TSINGHUA EDUCATIONAL FOUND OF NA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1601 MCCARTHY BLVD</AddressLine1Txt>
            <AddressLine2Txt>SUITE 8</AddressLine2Txt>
            <CityNm>MILPITAS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95035</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FELLOWSHIP</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NY SERVICE CTR FOR CHINESE STUDY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>90 JOHNS STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10038</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FELLOWSHIP</GrantOrContributionPurposeTxt>
          <Amt>-20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>356216</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>15312</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>121086</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>34218</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>231546</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>170616</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>231546</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>402162</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="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>16000</Amt>
        <NetInvestmentIncomeAmt>8000</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>8000</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc3">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>BANK OF AMERICA - 40248</AssetDesc>
        <AcquiredDt>2023-01</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2023-12</SoldDt>
        <GrossSalesPriceAmt>432827</GrossSalesPriceAmt>
        <BasisAmt>446483</BasisAmt>
        <TotalNetAmt>-13656</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>BANK OF AMERICA -40248</AssetDesc>
        <AcquiredDt>2022-01</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2023-12</SoldDt>
        <GrossSalesPriceAmt>1929729</GrossSalesPriceAmt>
        <BasisAmt>1626682</BasisAmt>
        <TotalNetAmt>303047</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>CHARLES SCHWAB - 4244</AssetDesc>
        <AcquiredDt>2023-01</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2023-12</SoldDt>
        <GrossSalesPriceAmt>113596</GrossSalesPriceAmt>
        <BasisAmt>110266</BasisAmt>
        <TotalNetAmt>3330</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>CHARLES SCHWAB - 4244</AssetDesc>
        <AcquiredDt>2022-01</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2023-12</SoldDt>
        <GrossSalesPriceAmt>10627</GrossSalesPriceAmt>
        <BasisAmt>6549</BasisAmt>
        <TotalNetAmt>4078</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>TD BANK 11791</AssetDesc>
        <AcquiredDt>2023-01</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2023-12</SoldDt>
        <GrossSalesPriceAmt>56077</GrossSalesPriceAmt>
        <BasisAmt>99079</BasisAmt>
        <TotalNetAmt>-43002</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>TD BANK 11791</AssetDesc>
        <AcquiredDt>2022-01</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2023-12</SoldDt>
        <GrossSalesPriceAmt>147980</GrossSalesPriceAmt>
        <BasisAmt>170231</BasisAmt>
        <TotalNetAmt>-22251</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpBondsSchedule documentId="RetDoc4">
      <InvestmentsCorporateBondsGrp>
        <EOYBookValueAmt>409523</EOYBookValueAmt>
        <EOYFMVAmt>403837</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc5">
      <InvestmentsCorporateStockGrp>
        <EOYBookValueAmt>6288128</EOYBookValueAmt>
        <EOYFMVAmt>8475114</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="RetDoc6">
      <LegalFeesGrp>
        <LegalFeesAmt>18000</LegalFeesAmt>
        <NetInvestmentIncomeAmt>9000</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>9000</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="RetDoc7">
      <OtherDecreasesDetail>
        <Desc>EXCISE TAX PAID</Desc>
        <Amt>595</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE &amp; INTERNET</Desc>
        <RevenueAndExpensesPerBooksAmt>586</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>293</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>293</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>873</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>437</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>436</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BOOKKEEPER</Desc>
        <RevenueAndExpensesPerBooksAmt>7800</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3900</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3900</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>806</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>403</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>403</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc9">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CUSTODIAL FEES</CategoryTxt>
        <Amt>66174</Amt>
        <NetInvestmentIncomeAmt>33795</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>32379</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>
