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        <ExplanationTxt>GRANT AMOUNTS ARE PRE-DETERMINED AND AGREED TO IN A WRITTEN AND SIGNED AGREEMENT PRIOR TO THE RECIPIENT COMMENCING WORK. THE RESULTS OF THE WORK ARE EVALUATED BY THE MAGIC BOARD AND SOMETIMES BY INTERESTED AND QUALIFIED THIRD PARTIES PRIOR TO RELEASING FUNDS. FUNDS ARE GENERALLY PAID OUT ON A MILESTONE BASIS. MILESTONES ARE DEFINED IN THE WRITTEN AGREEMENTS. GRANTS ARE AWARDED MOSTLY TO THOSE WHO HAVE PERFORMED SIMILAR WORK IN THE PAST OR WHO HAVE DEMONSTRATED COMPETENCE ON THE SUBJECT MATTER.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE F, PAGE 1, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>RUSSIA AND NEIGHBORING 21,773 0 NORTH AMERICA (OUTSIDE US) 28,000 0</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleF>
    <IRS990ScheduleI documentId="RetDoc4">
      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>CYPHER STACK</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>380 BAMERT RD</AddressLine1Txt>
          <CityNm>LAS CRUCES</CityNm>
          <StateAbbreviationCd>NM</StateAbbreviationCd>
          <ZIPCd>88007</ZIPCd>
        </USAddress>
        <RecipientEIN>862631969</RecipientEIN>
        <CashGrantAmt>13000</CashGrantAmt>
        <PurposeOfGrantTxt>RESEARCH AND DEVELOP</PurposeOfGrantTxt>
      </RecipientTable>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>GRANT</GrantTypeTxt>
        <RecipientCnt>1</RecipientCnt>
        <CashGrantAmt>28800</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>GRANT</GrantTypeTxt>
        <RecipientCnt>1</RecipientCnt>
        <NonCashAssistanceAmt>19549</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>EXCHANGE</ValuationMethodUsedDesc>
        <NonCashAssistanceDesc>XMR CRYPTOCURRE</NonCashAssistanceDesc>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>SCHOLARSHIPS</GrantTypeTxt>
        <RecipientCnt>3</RecipientCnt>
        <CashGrantAmt>6000</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
    </IRS990ScheduleI>
    <IRS990ScheduleL documentId="RetDoc5">
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <BusinessName>
            <BusinessNameLine1Txt>CYPHER STACK (DIEGO SALAZAR)</BusinessNameLine1Txt>
          </BusinessName>
        </NameOfInterested>
        <RelationshipDescriptionTxt>PRIOR BOARD</RelationshipDescriptionTxt>
        <TransactionAmt>13000</TransactionAmt>
        <TransactionDesc>RESEARCH AND DEVELOP</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART V</FormAndLineReferenceDesc>
        <ExplanationTxt>CYPHER STACK LLC WAS SELECTED THROUGH A COMPETITIVE SELECTION PROCESS FOR CONTRACT(S) TO PERFORM VARIOUS RESEARCH AND DEVELOPMENT TASKS THAT FURTHERED THE MISSION OF MAGIC GRANTS. DIEGO SALAZAR AND THEIR FIRM CYPHER STACK LLC DID NOT HAVE ANY SPECIAL STANDING WHATSOEVER DUE TO THEIR PRIOR STATUS AS A MAGIC GRANTS BOARD MEMBER IN THE ORGANIZATION'S EARLY HISTORY. THE MAGIC GRANTS BOARD SELECTED CYPHER STACK LLC FOR THESE CONTRACTS DUE TO THIS FIRM HAVING THE TALENT NECESSARY TO COMPLETE THE CONTRACTS AND THEIR COMPETITIVE RATES.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="RetDoc6">
      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <Desc>CRYPTOCURRENCY</Desc>
        <ContributionCnt>55</ContributionCnt>
        <NoncashContributionsRptF990Amt>98824</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>CONVERTED TO CASH AT ONCE</MethodOfDeterminingRevenuesTxt>
      </OtherNonCashContriTableGrp>
      <AnyPropertyThatMustBeHeldInd>false</AnyPropertyThatMustBeHeldInd>
      <ReviewProcessUnusualNCGiftsInd>false</ReviewProcessUnusualNCGiftsInd>
      <ThirdPartiesUsedInd>true</ThirdPartiesUsedInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE M, PAGE 1, PART I, LINE 32B</FormAndLineReferenceDesc>
        <ExplanationTxt>SIMILAR TO WITH OTHER INVESTMENTS LIKE STOCKS, THE BUYING OR SELLING OF CRYPTOCURRENCIES IS OFTEN PERFORMED THROUGH THIRD-PARTY CUSTODIAN EXCHANGES. THIS ORGANIZATION USES ONLY REPUTABLE, REGULATED ENTITIES FOR THEIR CUSTODIAL EXCHANGE.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc7">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 5, PART V, LINE 3B</FormAndLineReferenceDesc>
        <ExplanationTxt>NONE</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD MAY ELECT ADDITIONAL MEMBERS. THE BOARD MAY ELECT NEW MEMBERS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD REVIEWS THE 990 PRIOR TO ITS FILING</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD REVIEWS ITS CONFLICT OF INTEREST POLICY ON A REGULAR BASIS, AND ALL NEW CONTRACTS REQUIRING BOARD APPROVAL CONTAIN A SECTION REQUIRING DISCLOSURE OF ANY CONFLICT OF INTEREST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE TAX RETURN OR GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>