﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2024v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-11-12T15:24:53-05:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>860611246</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>PRICE KONG &amp; CO CPAS PA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>645 E MISSOURI AVE STE 380</AddressLine1Txt>
        <CityNm>PHOENIX</CityNm>
        <StateAbbreviationCd>AZ</StateAbbreviationCd>
        <ZIPCd>850121410</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>860836442</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE NORTON FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>NORT</BusinessNameControlTxt>
      <PhoneNum>6029548812</PhoneNum>
      <USAddress>
        <AddressLine1Txt>19420 N 59TH AVENUE SUITE B235</AddressLine1Txt>
        <CityNm>GLENDALE</CityNm>
        <StateAbbreviationCd>AZ</StateAbbreviationCd>
        <ZIPCd>85308</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>CHERYL OLIVER</PersonNm>
      <PersonTitleTxt>PRES/TREAS</PersonTitleTxt>
      <PhoneNum>6029548812</PhoneNum>
      <SignatureDt>2025-11-12</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>JAMES M WESTFALL CPA</PreparerPersonNm>
      <PTIN>P00348236</PTIN>
      <PhoneNum>6027766300</PhoneNum>
      <PreparationDt>2025-11-12</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="13">
    <IRS990PF documentId="RetDoc13">
      <AddressChangeInd>X</AddressChangeInd>
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>50960061</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>14523918</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>79887</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>78817</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>79887</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>642068</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>641758</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>642068</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="RetDoc3">292305</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>14543618</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>30003</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>51528</NetSTCapitalGainAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc8">79151</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>118668</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>79151</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>15617329</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>869246</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>852634</TotalAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2">12600</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>6300</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>6300</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc11">198315</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>198315</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc12">3690</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>3690</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc7">1847</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>1847</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>216452</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>210152</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>6300</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>1485170</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>1485170</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>1701622</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>210152</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>1491470</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>13915707</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>659094</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>852634</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>632895</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>1007432</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>1007432</SavAndTempCashInvstEOYFMVAmt>
        <AcctRcvblAmt>1101383</AcctRcvblAmt>
        <AcctRcvblBOYAmt>4327294</AcctRcvblBOYAmt>
        <AcctRcvblEOYAmt>1101383</AcctRcvblEOYAmt>
        <AcctRcvblEOYFMVAmt>1101383</AcctRcvblEOYFMVAmt>
        <OtherNtsAndLoansRcvblAmt>4969019</OtherNtsAndLoansRcvblAmt>
        <OtherNtsAndLoansRcvblBOYAmt>370188</OtherNtsAndLoansRcvblBOYAmt>
        <OtherNtsAndLoansRcvblEOYAmt referenceDocumentId="RetDoc10">4969019</OtherNtsAndLoansRcvblEOYAmt>
        <OtherNtsAndLoansRcvblEOYFMVAmt>4969019</OtherNtsAndLoansRcvblEOYFMVAmt>
        <CorporateStockBOYAmt>21327346</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc4">30729285</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>36638933</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>3533221</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc5">6104935</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>7243294</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>30190944</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>43912054</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>50960061</TotalAssetsEOYFMVAmt>
        <AccountsPayableEOYAmt>12600</AccountsPayableEOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="RetDoc9">40606</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesEOYAmt>53206</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>30190944</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>43858848</CapitalStockEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>30190944</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>43858848</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>30190944</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>43912054</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>30190944</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>13915707</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>44106651</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc6">247803</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>43858848</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CHARLES SCHWAB 1434-3155</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-11-15</AcquiredDt>
          <SoldDt>2024-05-08</SoldDt>
          <GrossSalesPriceAmt>1940120</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2076465</CostOrOtherBasisAmt>
          <GainOrLossAmt>-136345</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-136345</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CHARLES SCHWAB 1434-3155</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-03-07</AcquiredDt>
          <SoldDt>2024-05-23</SoldDt>
          <GrossSalesPriceAmt>1195316</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1093301</CostOrOtherBasisAmt>
          <GainOrLossAmt>102015</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>102015</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CHARLES SCHWAB 2106-6827</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-11-02</AcquiredDt>
          <SoldDt>2024-05-15</SoldDt>
          <GrossSalesPriceAmt>4009379</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3821383</CostOrOtherBasisAmt>
          <GainOrLossAmt>187996</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>187996</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CHARLES SCHWAB 2821-3006</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-10-15</AcquiredDt>
          <SoldDt>2024-02-01</SoldDt>
          <GrossSalesPriceAmt>9069</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9192</CostOrOtherBasisAmt>
          <GainOrLossAmt>-123</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-123</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CHARLES SCHWAB 2821-3006</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-07-22</AcquiredDt>
          <SoldDt>2024-02-01</SoldDt>
          <GrossSalesPriceAmt>12154</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9837</CostOrOtherBasisAmt>
          <GainOrLossAmt>2317</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2317</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CHARLES SCHWAB 7419-6668</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-04-17</AcquiredDt>
          <SoldDt>2024-04-26</SoldDt>
          <GrossSalesPriceAmt>6201521</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6381057</CostOrOtherBasisAmt>
          <GainOrLossAmt>-179536</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-179536</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CHARLES SCWHAB 2106-6827</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-04-07</AcquiredDt>
          <SoldDt>2024-08-09</SoldDt>
          <GrossSalesPriceAmt>901874</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>848754</CostOrOtherBasisAmt>
          <GainOrLossAmt>53120</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>53120</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>K-1 AIRFIELD CAPITAL PARTNERS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-05-08</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>445</GrossSalesPriceAmt>
          <GainOrLossAmt>445</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>445</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>K-1 AIRFIELD MANAGEMENT ASSOC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-07-08</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>114</GrossSalesPriceAmt>
          <GainOrLossAmt>114</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>114</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>30003</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>51528</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>9161</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>9161</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>9161</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>22396</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>22396</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>13235</OverpaymentAmt>
        <AppliedToESTaxAmt>13235</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>true</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>true</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>AZ</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>CHERYL OLIVER</IndividualWithBooksNm>
        <PhoneNum>6029548812</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>19420 N 59TH AVENUE SUITE B235</AddressLine1Txt>
          <CityNm>GLENDALE</CityNm>
          <StateAbbreviationCd>AZ</StateAbbreviationCd>
          <ZIPCd>85308</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>true</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MICHAEL R NORTON</PersonNm>
          <USAddress>
            <AddressLine1Txt>19420 N 59TH AVENUE SUITE B235</AddressLine1Txt>
            <CityNm>GLENDALE</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85308</ZIPCd>
          </USAddress>
          <TitleTxt>CO-CHAIRMAN</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN P NORTON</PersonNm>
          <USAddress>
            <AddressLine1Txt>19420 N 59TH AVENUE SUITE B235</AddressLine1Txt>
            <CityNm>GLENDALE</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85308</ZIPCd>
          </USAddress>
          <TitleTxt>CO-CHAIRMAN</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MELANIE M NORTON</PersonNm>
          <USAddress>
            <AddressLine1Txt>19420 N 59TH AVENUE SUITE B235</AddressLine1Txt>
            <CityNm>GLENDALE</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85308</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHERYL OLIVER</PersonNm>
          <USAddress>
            <AddressLine1Txt>19420 N 59TH AVENUE SUITE B235</AddressLine1Txt>
            <CityNm>GLENDALE</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85308</ZIPCd>
          </USAddress>
          <TitleTxt>PRES/TREAS</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>"NONE" THE NORTON FOUNDATION SUPPORTS ORGANIZATIONS EXEMPT UNDER IRC SECTION 501(C)(3) DEDICATED TO HELPING MEET CHARITABLE, EDUCATIONAL, AND SCIENTIFIC NEEDS OF THE PHOENIX AREA, STATE OF ARIZONA, WESTERN UNITED STATES, AND UNITED STATES.</Description1Txt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>28871243</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>2236565</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>8132756</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>39240564</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>39240564</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>588608</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>38651956</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1932598</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1932598</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>9161</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>9161</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1923437</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>1923437</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>1923437</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>1491470</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>1491470</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1923437</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>1195619</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>1491470</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>1195619</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>295851</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>1627586</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>10-90 COPPERSTATE FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>6109 N PALO CRISTI DRIVE</AddressLine1Txt>
            <CityNm>PARADISE VALLEY</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85253</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ANDRE HOUSE OF ARIZONA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 2014</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>70000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ARIZONA ASSOCIATION FFA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1535 W JEFFERSON ST</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85007</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ARIZONA BURN FOUNDATION INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1432 N 7TH STREET</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85006</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>45000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ARIZONA HUMANE SOCIETY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1521 W DOBBINS ROAD</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85041</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BANNER HEALTH FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2901 N CENTRAL AVE STE 16</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85012</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>40500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CHILD CRISIS ARIZONA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>817 N COUNTRY CLUB DR</AddressLine1Txt>
            <CityNm>MESA</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85201</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>55000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CIRCLE THE CITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>300 W CLARENDON AVE STE</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85013</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CREIGHTON UNIVERCITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2500 CALIFONIA PLZ</AddressLine1Txt>
            <CityNm>OMAHA</CityNm>
            <StateAbbreviationCd>NE</StateAbbreviationCd>
            <ZIPCd>68178</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>300000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ELAINE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1075 W JACKSON ST</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85007</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GOLDWATER INSTITUTE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>500 E CORONADO RD</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85004</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HOSPICE OF THE VALLEY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1510 E FLOWER ST</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85014</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MAGGIE'S PLACE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>4001 N 30TH ST</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85016</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>NOTMYKID</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>5310 E SHEA BLVD STE 100</AddressLine1Txt>
            <CityNm>SCOTTSDALE</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85254</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>OUR COASTAL VILLAGE FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>628 RADER RD</AddressLine1Txt>
            <CityNm>YACHATS</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
            <ZIPCd>97498</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PHOENIX ART MUSEUM</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1625 N CENTRAL AVE</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85004</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>12100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PHOENIX CHILDREN'S HOSPITAL FOUNDAT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2929 E CAMELBACK RD STE 1</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85016</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PHOENIX SYMPHONY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1 NORTH 1ST ST SUITE 200</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85004</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SOCIETY OF ST VINCENT DE PAUL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 13600</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85002</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ST JOSEPH'S FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>124 W THOMAS RD STE 250</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85013</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>242000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ST MARY'S FOOD BANK</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2831 N 31ST AVE</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85009</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THROUGH EACH OTHER'S EYES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>8234 N 15TH PLACE</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85020</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THUNDERBIRDS CHARITIES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>7226 N 16TH ST</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85020</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UMOM NEW DAY CENTERS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2222 EAST VAN BUREN STREE</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85008</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>VALLEY LIFE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1142 HATCHER RD</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85021</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WOMEN'S BOARD BNF</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2910 N 3RD AVENUE</AddressLine1Txt>
            <AddressLine2Txt>SUITE 450</AddressLine2Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85013</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARI</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OPERATING</GrantOrContributionPurposeTxt>
          <Amt>1570</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1485170</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <BusinessCd>531110</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>1070</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>78817</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>310</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>641758</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>7185</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>30003</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>255117</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>AIRFIELD CAPITAL PARTNERS L</Desc>
          <ExclusionCd>41</ExclusionCd>
          <ExclusionAmt>-5227</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>AIRFIELD MANAGEMENT ASSOCIA</Desc>
          <ExclusionCd>41</ExclusionCd>
          <ExclusionAmt>-1347</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>BANDIT REPUBLIC INVESTORS</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>24862</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>BROOKS 400-600-700 LLC</Desc>
          <ExclusionCd>41</ExclusionCd>
          <ExclusionAmt>-2972</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>BUCKHORN GOLF II</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>34667</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>CAREFREE SURPRISE I LLC K1</Desc>
          <ExclusionCd>41</ExclusionCd>
          <ExclusionAmt>-73</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>CHATHAM INVESTMENT</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-6562</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>FORESIGHT GOLF</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>62549</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>GOLF ASSOCIATES</Desc>
          <ExclusionCd>41</ExclusionCd>
          <ExclusionAmt>-2741</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>HIGHLAND SPRINGS LLC K1</Desc>
          <ExclusionCd>41</ExclusionCd>
          <ExclusionAmt>9517</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>J&amp;R MEDICAL</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1431</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>LEGEND LAND/RANCH LLC K1</Desc>
          <ExclusionCd>41</ExclusionCd>
          <ExclusionAmt>14112</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>PLEASANT COUNTRY</Desc>
          <ExclusionCd>41</ExclusionCd>
          <ExclusionAmt>-1685</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>REPUBLIC GOLD CLUB</Desc>
          <ExclusionCd>41</ExclusionCd>
          <ExclusionAmt>-2516</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>WEST PLEASANT COUNTRY</Desc>
          <ExclusionCd>41</ExclusionCd>
          <ExclusionAmt>-1572</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>NY LIFE POLICY</Desc>
          <ExclusionCd>41</ExclusionCd>
          <ExclusionAmt>-3775</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K-1 ACTIVITY-TSW</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-63857</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K-1 ACTIVITY-GROUND HOG HEA</Desc>
          <BusinessCd>531110</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>17387</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>16</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K-1 CHATHAM INVESTMENT</Desc>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-502</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K-1 ACTIVITY-TSW UBTI</Desc>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>7455</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>32905</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>805389</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>255117</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1093411</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>
    <IRS990ScheduleB documentId="RetDoc1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>NORTON FAMILY LIVING TRUST</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>19420 N 59TH AVENUE SUITE B235</AddressLine1Txt>
          <CityNm>GLENDALE</CityNm>
          <StateAbbreviationCd>AZ</StateAbbreviationCd>
          <ZIPCd>85308</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>14523918</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>INDIRECT ACCOUNTING FEES</CategoryTxt>
        <Amt>12600</Amt>
        <NetInvestmentIncomeAmt>6300</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6300</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc3">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>FORESIGHT GOLF LLC</AssetDesc>
        <AcquiredDt>2016-05</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2024-03</SoldDt>
        <GrossSalesPriceAmt>46227</GrossSalesPriceAmt>
        <TotalNetAmt>46227</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>GROUND HOG HEAVEN LLV</AssetDesc>
        <AcquiredDt>2018-02</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2024-10</SoldDt>
        <GrossSalesPriceAmt>202607</GrossSalesPriceAmt>
        <TotalNetAmt>202607</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>K-1 TSWII LP</AssetDesc>
        <AcquiredDt>2021-05</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2024-12</SoldDt>
        <GrossSalesPriceAmt>46</GrossSalesPriceAmt>
        <TotalNetAmt>46</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>K-1 TSWII LP</AssetDesc>
        <AcquiredDt>2021-05</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2024-12</SoldDt>
        <GrossSalesPriceAmt>3457</GrossSalesPriceAmt>
        <TotalNetAmt>3457</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>K-1 TSWII LP</AssetDesc>
        <AcquiredDt>2024-02</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2024-12</SoldDt>
        <GrossSalesPriceAmt>2780</GrossSalesPriceAmt>
        <TotalNetAmt>2780</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="RetDoc4">
      <InvestmentsCorporateStockGrp>
        <StockNm>POWERSHARES 6112-9254</StockNm>
        <EOYBookValueAmt>5373853</EOYBookValueAmt>
        <EOYFMVAmt>7892725</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DIVIDEND GROWTH 2821-3006</StockNm>
        <EOYBookValueAmt>3446353</EOYBookValueAmt>
        <EOYFMVAmt>4496775</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TRAN 1434-3155</StockNm>
        <EOYBookValueAmt>6350959</EOYBookValueAmt>
        <EOYFMVAmt>8476341</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KBS 7419-6668</StockNm>
        <EOYBookValueAmt>12166133</EOYBookValueAmt>
        <EOYFMVAmt>12190277</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NUANCE 2106-6827</StockNm>
        <EOYBookValueAmt>3391987</EOYBookValueAmt>
        <EOYFMVAmt>3582815</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc5">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AIRFIELD CAPITAL PARTNERS LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1024151</BookValueAmt>
        <EOYFMVAmt>1577647</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AIRFIELD MANAGEMENT ASSOCIATES LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>21923</BookValueAmt>
        <EOYFMVAmt>5201</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BANDIT REPUBLIC INVESTORS LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>387638</BookValueAmt>
        <EOYFMVAmt>370629</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BROOKS 400 LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>92680</BookValueAmt>
        <EOYFMVAmt>76875</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BROOKS 600 LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>83825</BookValueAmt>
        <EOYFMVAmt>88930</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BROOKS 700 LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>129503</BookValueAmt>
        <EOYFMVAmt>139544</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BUCKHORN GOLF II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>363349</BookValueAmt>
        <EOYFMVAmt>375280</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CAREFREE SURPRISE I LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>53767</BookValueAmt>
        <EOYFMVAmt>12534</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CHATHAM INVESTMENT FUND IV</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>127849</BookValueAmt>
        <EOYFMVAmt>138011</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GOLF ASSOCIATES LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>65158</BookValueAmt>
        <EOYFMVAmt>72000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GROUND HOG HEAVEN</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HIGHLAND SPRINGS LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>56424</BookValueAmt>
        <EOYFMVAmt>1</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>J&amp;R MEDICAL PLAZA LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>329239</BookValueAmt>
        <EOYFMVAmt>1518302</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LEGEND LAND LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>91568</BookValueAmt>
        <EOYFMVAmt>22138</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LEGEND RANCH LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>48648</BookValueAmt>
        <EOYFMVAmt>17225</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PLEASANT COUNTRY LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>632864</BookValueAmt>
        <EOYFMVAmt>630000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>REPUBLIC GOLF CLUB</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <EOYFMVAmt>72258</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TEXAS LOT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>72000</BookValueAmt>
        <EOYFMVAmt>72000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TSW II LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2081185</BookValueAmt>
        <EOYFMVAmt>1640719</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WEST PLEASEANT COUNTRY LLP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>443164</BookValueAmt>
        <EOYFMVAmt>414000</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherDecreasesSchedule documentId="RetDoc6">
      <OtherDecreasesDetail>
        <Desc>K-1 NONDEDUCTIBLE EXP</Desc>
        <Amt>266</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>BOOK/TAX ADJUSTMENT</Desc>
        <Amt>247537</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc7">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>1847</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1847</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc8">
      <OtherIncomeDetail>
        <Desc>AIRFIELD CAPITAL PARTNERS LLC</Desc>
        <RevenueAndExpensesPerBooksAmt>-5227</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-5227</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-5227</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>AIRFIELD MANAGEMENT ASSOCIATI</Desc>
        <RevenueAndExpensesPerBooksAmt>-1347</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-1347</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-1347</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>BANDIT REPUBLIC INVESTORS</Desc>
        <RevenueAndExpensesPerBooksAmt>24862</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>24862</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>24862</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>BROOKS 400-600-700 LLC</Desc>
        <RevenueAndExpensesPerBooksAmt>-2972</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-2972</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-2972</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>BUCKHORN GOLF II</Desc>
        <RevenueAndExpensesPerBooksAmt>34667</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>34667</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>34667</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>CAREFREE SURPRISE I LLC K1</Desc>
        <RevenueAndExpensesPerBooksAmt>-73</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-73</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-73</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>CHATHAM INVESTMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>-6562</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-6562</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-6562</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>FORESIGHT GOLF</Desc>
        <RevenueAndExpensesPerBooksAmt>62549</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>62549</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>62549</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>GOLF ASSOCIATES</Desc>
        <RevenueAndExpensesPerBooksAmt>-2741</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-2741</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-2741</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>HIGHLAND SPRINGS LLC K1</Desc>
        <RevenueAndExpensesPerBooksAmt>9517</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>9517</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>9517</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>J&amp;R MEDICAL</Desc>
        <RevenueAndExpensesPerBooksAmt>1431</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1431</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1431</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>LEGEND LAND/RANCH LLC K1</Desc>
        <RevenueAndExpensesPerBooksAmt>14112</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>14112</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>14112</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>PLEASANT COUNTRY</Desc>
        <RevenueAndExpensesPerBooksAmt>-1685</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-1685</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-1685</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>REPUBLIC GOLD CLUB</Desc>
        <RevenueAndExpensesPerBooksAmt>-2516</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-2516</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-2516</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>WEST PLEASANT COUNTRY</Desc>
        <RevenueAndExpensesPerBooksAmt>-1572</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-1572</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-1572</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>NY LIFE POLICY</Desc>
        <RevenueAndExpensesPerBooksAmt>-3775</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-3775</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-3775</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K-1 ACTIVITY-TSW</Desc>
        <RevenueAndExpensesPerBooksAmt>-63857</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>-63857</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K-1 ACTIVITY-GROUND HOG HEAVE</Desc>
        <RevenueAndExpensesPerBooksAmt>17387</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>17387</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K-1 CHATHAM INVESTMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>-502</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>-502</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K-1 ACTIVITY-TSW UBTI</Desc>
        <RevenueAndExpensesPerBooksAmt>7455</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>7455</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc9">
      <OtherLiabilitiesDetail>
        <Desc>REPUBLIC GOLF-INVESTMENT</Desc>
        <EOYBookValueAmt>40606</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherNotesLoansRcvblShortSch2 documentId="RetDoc10">
      <OtherNotesLoansRcvblShortGrp>
        <Organization501c3Name>
          <BusinessNameLine1Txt>NOTES RECEIVABLE - OUR COASTAL VILL</BusinessNameLine1Txt>
        </Organization501c3Name>
      </OtherNotesLoansRcvblShortGrp>
      <OtherNotesLoansRcvblShortGrp>
        <Organization501c3Name>
          <BusinessNameLine1Txt>NOTES RECEIVABLE - AIRFIELD CAPITAL</BusinessNameLine1Txt>
        </Organization501c3Name>
        <BalanceDueAmt>232622</BalanceDueAmt>
      </OtherNotesLoansRcvblShortGrp>
      <OtherNotesLoansRcvblShortGrp>
        <Organization501c3Name>
          <BusinessNameLine1Txt>ACCRUED INTEREST RECEIVABLE</BusinessNameLine1Txt>
        </Organization501c3Name>
        <BalanceDueAmt>211397</BalanceDueAmt>
      </OtherNotesLoansRcvblShortGrp>
      <OtherNotesLoansRcvblShortGrp>
        <Organization501c3Name>
          <BusinessNameLine1Txt>NOTES RECEIVABLE - CADRE CITRUS CO</BusinessNameLine1Txt>
        </Organization501c3Name>
        <BalanceDueAmt>4500000</BalanceDueAmt>
      </OtherNotesLoansRcvblShortGrp>
      <OtherNotesLoansRcvblShortGrp>
        <Organization501c3Name>
          <BusinessNameLine1Txt>RECEIVABLE</BusinessNameLine1Txt>
        </Organization501c3Name>
        <BalanceDueAmt>25000</BalanceDueAmt>
      </OtherNotesLoansRcvblShortGrp>
    </OtherNotesLoansRcvblShortSch2>
    <OtherProfessionalFeesSchedule documentId="RetDoc11">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MERCER ADVISORS - INVESTMENT MAN</CategoryTxt>
        <Amt>116986</Amt>
        <NetInvestmentIncomeAmt>116986</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>NUANCE - INVESTMENT MANAGER</CategoryTxt>
        <Amt>14274</Amt>
        <NetInvestmentIncomeAmt>14274</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>TRAN/LATEEF - INVESTMENT MANAGER</CategoryTxt>
        <Amt>67045</Amt>
        <NetInvestmentIncomeAmt>67045</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ANNUAL REPORT FEE</CategoryTxt>
        <Amt>10</Amt>
        <NetInvestmentIncomeAmt>10</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc12">
      <TaxesDetail>
        <CategoryTxt>DIVIDEND GROWTH FOREIGN TAX</CategoryTxt>
        <Amt>3128</Amt>
        <NetInvestmentIncomeAmt>3128</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>HIGHLAND SPRINGS</CategoryTxt>
        <Amt>562</Amt>
        <NetInvestmentIncomeAmt>562</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>