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        <PersonNm>JESSICA WANG</PersonNm>
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        <PersonNm>MARY POLLY WALL</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>RICHARD FRITZ</PersonNm>
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        <PersonNm>DR ROBERT HAHN</PersonNm>
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        <BookValueAmt>261425</BookValueAmt>
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      <OtherSecuritiesGrp>
        <Desc>OTHER INVESTMENTS</Desc>
        <BookValueAmt>4528691</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
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      <RevenueNotReportedAmt>0</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>4426476</RevenueSubtotalAmt>
      <RevenueNotReportedFinclStmtAmt>0</RevenueNotReportedFinclStmtAmt>
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      <ExpensesSubtotalAmt>3776926</ExpensesSubtotalAmt>
      <ExpensesNotRptFinclStmtAmt>0</ExpensesNotRptFinclStmtAmt>
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      <PolicyStmtInBrochuresEtcInd>1</PolicyStmtInBrochuresEtcInd>
      <PlcyPblczdViaBroadcastMediaInd>1</PlcyPblczdViaBroadcastMediaInd>
      <MaintainRacialCompRecsInd>1</MaintainRacialCompRecsInd>
      <MaintainScholarshipsRecsInd>1</MaintainScholarshipsRecsInd>
      <MaintainCpyOfBrochuresEtcInd>1</MaintainCpyOfBrochuresEtcInd>
      <MaintainCpyOfAllSolInd>1</MaintainCpyOfAllSolInd>
      <DiscriminateRaceStdntsRghtsInd>0</DiscriminateRaceStdntsRghtsInd>
      <DiscriminateRaceAdmissPlcyInd>0</DiscriminateRaceAdmissPlcyInd>
      <DiscriminateRaceEmplmFcultyInd>0</DiscriminateRaceEmplmFcultyInd>
      <DiscriminateRaceSchsInd>0</DiscriminateRaceSchsInd>
      <DiscriminateRaceEducPlcyInd>0</DiscriminateRaceEducPlcyInd>
      <DiscriminateRaceUseOfFcltsInd>0</DiscriminateRaceUseOfFcltsInd>
      <DiscriminateRaceAthltProgInd>0</DiscriminateRaceAthltProgInd>
      <DiscriminateRaceOtherActyInd>0</DiscriminateRaceOtherActyInd>
      <GovernmentFinancialAidRcvdInd>0</GovernmentFinancialAidRcvdInd>
      <GovernmentFinancialAidRvkdInd>0</GovernmentFinancialAidRvkdInd>
      <ComplianceWithRevProc7550Ind>1</ComplianceWithRevProc7550Ind>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE E, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE NONDISCRIMATORY POLICY IS PUBLICIZED PROMINENTLY ON THE INTERNET HOMEPAGE WHICH IS ACCESSIBLE TO ALL.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleE>
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        <GrossRevenueEvent1Amt>92920</GrossRevenueEvent1Amt>
        <OtherDirectExpensesEvent1Amt>47696</OtherDirectExpensesEvent1Amt>
        <Event2Nm>40TH ANNIVERSARY</Event2Nm>
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        <GrossRevenueEvent2Amt>140824</GrossRevenueEvent2Amt>
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        <GrossRevenueTotalEventsAmt>233744</GrossRevenueTotalEventsAmt>
        <OthDirectExpnssTotalEventsAmt>125845</OthDirectExpnssTotalEventsAmt>
        <DirectExpenseSummaryEventsAmt>125845</DirectExpenseSummaryEventsAmt>
        <NetIncomeSummaryAmt>107899</NetIncomeSummaryAmt>
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        <ContributionCnt>7</ContributionCnt>
        <NoncashContributionsRptF990Amt>225115</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>SELLING PRICE</MethodOfDeterminingRevenuesTxt>
      </SecuritiesPubliclyTradedGrp>
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      <ReviewProcessUnusualNCGiftsInd>1</ReviewProcessUnusualNCGiftsInd>
      <ThirdPartiesUsedInd>0</ThirdPartiesUsedInd>
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    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CHAIRPERSON OF THE FINANCE COMMITTEE AND THE HEAD OF SCHOOL REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD MEMBERS REVIEW AND SIGN CONFLICT OF INTEREST POLICY ANNUALLY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD REVIEWS SALARY OF HEAD OF SCHOOL AND KEY EMPLOYEES AND DETERMINES COMPENSATION PACKAGE. THE REVIEW IS ALSO BASED ON PERFORMANCE OF SCHOOL</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION PRESENTS ITS GOVERNINING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE BOARD OF TRUSTEES AND THE FINANCE COMMITTEE. ONCE THEY ARE APPROVED, THE DOCUMENTS ARE AVAILABLE FOR REVIEW BY ANYONE WHO WANTS TO SEE THEM.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>