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          <SoldDt>2023-05-10</SoldDt>
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          <CostOrOtherBasisAmt>52015</CostOrOtherBasisAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
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          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-11-19</AcquiredDt>
          <SoldDt>2023-05-10</SoldDt>
          <GrossSalesPriceAmt>59864</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>66814</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6950</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6950</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>50M STATE PUBLIC W BE 5000 24SP01</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
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          <SoldDt>2023-05-10</SoldDt>
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          <GainOrLossAmt>-2645</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>50M REGENTS OF BE 5000 27MY15</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-11-19</AcquiredDt>
          <SoldDt>2023-05-10</SoldDt>
          <GrossSalesPriceAmt>53136</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>56471</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3335</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3335</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>50M VALLEY CNTY CA BE5000</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-11-19</AcquiredDt>
          <SoldDt>2023-05-10</SoldDt>
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          <CostOrOtherBasisAmt>59648</CostOrOtherBasisAmt>
          <GainOrLossAmt>-9022</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-9022</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
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          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-11-19</AcquiredDt>
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          <GrossSalesPriceAmt>276234</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>278510</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2276</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2276</GainsMinusExcessOrLossesAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WELLS FARGO A/C 97491000</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-11-19</AcquiredDt>
          <SoldDt>2023-12-18</SoldDt>
          <GrossSalesPriceAmt>445610</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>455525</CostOrOtherBasisAmt>
          <GainOrLossAmt>-9915</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-9915</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-126040</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>1528</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
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        <SubtitleATaxAmt>0</SubtitleATaxAmt>
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        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>5000</ExtsnRequestIncomeTaxPaidAmt>
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        <EsPenaltyAmt>11</EsPenaltyAmt>
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        <AppliedToESTaxAmt>4461</AppliedToESTaxAmt>
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      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
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        <Form1120POLFiledInd>0</Form1120POLFiledInd>
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        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>DAVID P WATSON FOUNDATION</BusinessNameLine1Txt>
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        <PhoneNum>3104633785</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 2848</AddressLine1Txt>
          <CityNm>EL SEGUNDO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>902451948</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
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      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
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        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
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        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm referenceDocumentId="RetDoc2212000001">AMY A BEAN</PersonNm>
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        <OfficerDirTrstKeyEmplGrp>
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          <USAddress>
            <AddressLine1Txt>PO BOX 2848</AddressLine1Txt>
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          <TitleTxt>CEO/CFO</TitleTxt>
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        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
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      <SumOfProgramRelatedInvstGrp>
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      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>4141006</AverageMonthlyFMVOfSecAmt>
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        <DistributableBeforeDedAmt>470805</DistributableBeforeDedAmt>
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        <QualifyingDistributionsAmt>344000</QualifyingDistributionsAmt>
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        <GrantOrContributionPdDurYrGrp>
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            <ZIPCd>90266</ZIPCd>
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          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
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          <GrantOrContributionPurposeTxt>TO BE USED FOR CHARITY'S EXEMPT PURPOSE &amp; CHARITABLE ACTIVITIES</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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            <StateAbbreviationCd>CA</StateAbbreviationCd>
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          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
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          <GrantOrContributionPurposeTxt>TO BE USED FOR CHARITY'S EXEMPT PURPOSE &amp; CHARITABLE ACTIVITIES</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SOUND EQUINE OPTIONS</BusinessNameLine1Txt>
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            <CityNm>GRESHAM</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
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          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO BE USED FOR CHARITY'S EXEMPT PURPOSE &amp; CHARITABLE ACTIVITIES</GrantOrContributionPurposeTxt>
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          <GrantOrContributionPurposeTxt>TO BE USED FOR CHARITY'S EXEMPT PURPOSE &amp; CHARITABLE ACTIVITIES</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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            <ZIPCd>80477</ZIPCd>
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        <ContributorBusinessName>
          <BusinessNameLine1Txt>DAVID WATSON ESTATE</BusinessNameLine1Txt>
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          <AddressLine1Txt>PO BOX 2848</AddressLine1Txt>
          <CityNm>EL SEGUNDO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
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        <TotalContributionsAmt>2961950</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>DAVID WATSON ESTATE</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>PO BOX 2848</AddressLine1Txt>
          <CityNm>EL SEGUNDO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90245</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>3083695</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>IMPROVED REAL ESTATE</NoncashPropertyDesc>
        <FairMarketValueAmt>2961950</FairMarketValueAmt>
        <ReceivedDt>2023-02-06</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>PROFESSIONAL FEES</CategoryTxt>
        <Amt>32042</Amt>
        <NetInvestmentIncomeAmt>30042</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2000</DisbursementsCharitablePrpsAmt>
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      <CompensationExplanationGrp>
        <PersonNm>TIMOTHY CURRY</PersonNm>
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      <CompensationExplanationGrp>
        <PersonNm>AMY BEAN</PersonNm>
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    </CompensationExplanation>
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        <PropertyDesc>BUILDING</PropertyDesc>
        <AcquiredDt>2023-02-06</AcquiredDt>
        <CostOrOtherBasisAmt>2082500</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>37863</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>37863</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>LAND</PropertyDesc>
        <AcquiredDt>2023-02-06</AcquiredDt>
        <CostOrOtherBasisAmt>892500</CostOrOtherBasisAmt>
        <ComputationMethodTxt>L</ComputationMethodTxt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>WELLS FARGO ADV A/C XXX1000</StockNm>
        <EOYBookValueAmt>2271056</EOYBookValueAmt>
        <EOYFMVAmt>2271056</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY A/C XXX5335092</StockNm>
        <EOYBookValueAmt>4922265</EOYBookValueAmt>
        <EOYFMVAmt>4922265</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
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      <LegalFeesGrp>
        <CategoryTxt>PROFESSIONAL FEES</CategoryTxt>
        <LegalFeesAmt>22590</LegalFeesAmt>
        <NetInvestmentIncomeAmt>20590</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2000</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>42097</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>42097</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER RENTAL PROPERTY EXPENSES INCLUDING MAINTENANCE ETC</Desc>
        <RevenueAndExpensesPerBooksAmt>51633</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>51633</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAIN ON INVESTMENTS</Desc>
        <Amt>751850</Amt>
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    <SubstantialContributorsSch documentId="RetDoc2089200003">
      <SubstantialContributorDetail>
        <BusinessName>
          <BusinessNameLine1Txt>DAVID WATSON ESTATE</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>PO BOX 2848</AddressLine1Txt>
          <CityNm>EL SEGUNDO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90245</ZIPCd>
        </USAddress>
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    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN, EXCISE &amp; OTHER TAXES</CategoryTxt>
        <Amt>4724</Amt>
        <NetInvestmentIncomeAmt>4724</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>REAL PROPERTY TAXES</CategoryTxt>
        <Amt>3072</Amt>
        <NetInvestmentIncomeAmt>3072</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>