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        <DistributableBeforeDedAmt>528855</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>528855</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>577600</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>577600</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>528855</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>23461</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr3Amt>45889</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>42205</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>49632</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>161187</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>577600</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>528855</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>48745</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>209932</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>23461</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>186471</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>45889</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>42205</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>49632</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>48745</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>HARRY PAPP</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2201 E CAMELBACK RD 227B</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85016</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>6029560980</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>INITIAL LETTER SHOULD FULLY IDENTIFY THE SOLICITOR.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>OCTOBER 1 OF EACH CALENDAR YEAR.</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>MUST BE AN IRS EXEMPT ORGANIZATION.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ASU FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 2260</AddressLine1Txt>
            <CityNm>TEMPE</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>852802260</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PHASE 3 OF RESTORED COURTYARD</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BALLET ARIZONA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3645 E INDIAN SCHOOL RD</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85018</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT LIVE MUSIC</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DESERT BOTANICAL GARDEN</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1201 N GALVIN PKWY</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85008</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HAZEL HARE CENTER FOR PLANT SCIENCE</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HEARD MUSEUM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2301 N CENTRAL AVE</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85004</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>BOB HAOZOUS EXHIBITION</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PHOENIX ZOO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>455 N GALVIN PKWY</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85008</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>BIG CATS OF ARIZONA EXHIBIT</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SANDRA DAY O'CONNOR INSTITUTE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>111 E TAYLOR ST 9220</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85004</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>YOUTH PROGRAMS</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PHOENIX ART MUSEUM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1625 N CENTRAL AVE</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85004</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CAPITAL IMPROVEMENT PROJECTS</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PHOENIX SYMPHONY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ONE NORTH 1ST ST</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85004</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>MIND OVER MUSIC PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THERAPEUTIC HARP FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>200 E MITCHELL DR 308</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85012</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>LEGACY PLAN PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>575000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>146438</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>105855</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>848396</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>1100689</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1100689</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>TAX RETURN PREPARATION &amp; ACCOUNT</CategoryTxt>
        <Amt>2600</Amt>
        <DisbursementsCharitablePrpsAmt>2600</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc3">
      <InvestmentsCorporateStockGrp>
        <StockNm>2650 SH PRICE T ROWE ASSOC INC</StockNm>
        <EOYBookValueAmt>206692</EOYBookValueAmt>
        <EOYFMVAmt>299689</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>3300 SH CANADIAN NATIONAL RAILWAY</StockNm>
        <EOYBookValueAmt>69451</EOYBookValueAmt>
        <EOYFMVAmt>314681</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2200 SH EOG RESOURCES INC</StockNm>
        <EOYBookValueAmt>294845</EOYBookValueAmt>
        <EOYFMVAmt>269676</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1460 SH EXPEDITORS INTL</StockNm>
        <EOYBookValueAmt>148250</EOYBookValueAmt>
        <EOYFMVAmt>161724</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>590 SH O'REILLY AUTOMOTIVE</StockNm>
        <EOYBookValueAmt>13319</EOYBookValueAmt>
        <EOYFMVAmt>486178</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2800 SH SPDR S&amp;P BIOTECH</StockNm>
        <EOYBookValueAmt>66304</EOYBookValueAmt>
        <EOYFMVAmt>252168</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1800 SH PEPSICO INC</StockNm>
        <EOYBookValueAmt>109896</EOYBookValueAmt>
        <EOYFMVAmt>273708</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1225 SH ACCENTURE LTD</StockNm>
        <EOYBookValueAmt>46797</EOYBookValueAmt>
        <EOYFMVAmt>430943</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1600 SH VISA INC</StockNm>
        <EOYBookValueAmt>26819</EOYBookValueAmt>
        <EOYFMVAmt>447197</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>470 SH BLACKROCK INC</StockNm>
        <EOYBookValueAmt>79215</EOYBookValueAmt>
        <EOYFMVAmt>456174</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>600 SH ALPHABET INC CL A</StockNm>
        <EOYBookValueAmt>9295</EOYBookValueAmt>
        <EOYFMVAmt>113580</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>3360 SH ORACLE CORPORATION</StockNm>
        <EOYBookValueAmt>82196</EOYBookValueAmt>
        <EOYFMVAmt>426598</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>830 SH FACTSET RESEARCH SYSTEMS</StockNm>
        <EOYBookValueAmt>76678</EOYBookValueAmt>
        <EOYFMVAmt>398632</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2495 SH ALPHABET INC CL C</StockNm>
        <EOYBookValueAmt>30569</EOYBookValueAmt>
        <EOYFMVAmt>378023</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>3085 SH APPLE INC</StockNm>
        <EOYBookValueAmt>47330</EOYBookValueAmt>
        <EOYFMVAmt>515865</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>715 SH THERMO FISHER SCIENTIFIC</StockNm>
        <EOYBookValueAmt>95164</EOYBookValueAmt>
        <EOYFMVAmt>371964</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1415 SH MICROSOFT CORP</StockNm>
        <EOYBookValueAmt>52669</EOYBookValueAmt>
        <EOYFMVAmt>417285</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1800 SH JOHNSON &amp; JOHNSON</StockNm>
        <EOYBookValueAmt>213118</EOYBookValueAmt>
        <EOYFMVAmt>260316</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>500 SH ROCKWELL AUTOMATION</StockNm>
        <EOYBookValueAmt>93699</EOYBookValueAmt>
        <EOYFMVAmt>142895</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1000 SH HOME DEPOT INC</StockNm>
        <EOYBookValueAmt>206846</EOYBookValueAmt>
        <EOYFMVAmt>388990</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>890 SH STRYKER CORP</StockNm>
        <EOYBookValueAmt>196777</EOYBookValueAmt>
        <EOYFMVAmt>320445</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>541 SH ICON PLC</StockNm>
        <EOYBookValueAmt>111830</EOYBookValueAmt>
        <EOYFMVAmt>113453</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2685 SH MARVELL TECHNOLOGY INC</StockNm>
        <EOYBookValueAmt>124244</EOYBookValueAmt>
        <EOYFMVAmt>296558</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc4">
      <USGovtObligationsBookVlEOYAmt>3442789</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>3477511</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc5">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SCULPTURE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>9661</BookValueAmt>
        <EOYFMVAmt>9661</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc6">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISOR FEES</CategoryTxt>
        <Amt>26917</Amt>
        <NetInvestmentIncomeAmt>26917</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc7">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX WITHHELD</CategoryTxt>
        <Amt>1933</Amt>
        <NetInvestmentIncomeAmt>1933</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>8272</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>