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          <BusinessName>
            <BusinessNameLine1Txt>DANIEL LIZZADRO MCPHERSON</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>1220 KENSINGTON RD 210</AddressLine1Txt>
            <CityNm>Oak Brook</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60523</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <BusinessName>
            <BusinessNameLine1Txt>William Lytle</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>1220 KENSINGTON RD 210</AddressLine1Txt>
            <CityNm>Oak Brook</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60523</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <BusinessName>
            <BusinessNameLine1Txt>John S LIZZADRO Jr</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>1220 KENSINGTON RD 210</AddressLine1Txt>
            <CityNm>Oak Brook</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60523</ZIPCd>
          </USAddress>
          <TitleTxt>Assistant Treasurer</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>GLC Annual Meeting on July 23 included information on the conservancy's recent land acquisitions, program updates, and newly initiated mapping project. Educational updates were given on issues important to lake landowners and managers including information on lake health monitioring GLC does through the MiCorps and MLSA Cooperative Lakes Monitoring Project. Info was shared on the rise of potentially toxic algal blooms, invasive species monitoring and management in conjunction with Keweenaw Invasive Species Management Area, and other lake issues.</Description1Txt>
        <Expenses1Amt>29539</Expenses1Amt>
        <Description2Txt>On August 31 "Paddle Gratiot" program included a guided kayak tour of the north shore of the Gratiot Lake with stops along the way on GLC land, including the Noblet Field Station. Local geology, lake ecology, historic cabin tour, and info about GLC programs were shared with participants.</Description2Txt>
        <Description3Txt>GLC organized a Shoreline Clean Up at Gratiot Lake in September in conjunction with the Alliance for the Great Lakes. GLC shares info on types of trash collected to educate about human impact and best stewardship of lakes.</Description3Txt>
        <Description4Txt>Virtual Book Club and Yearly Newsletter - GLC planned, publicized, and moderated four virtual meetings of the GLC Book Club. GLC Book Club has 17 members and is open to the public to join. GLC also produces a yearly newsletter "Waters Edge" which is distributed digitally to over 450 and print copies mailed to 200. This always includes information about ecology of the area and information about good practices for stewardship. In addition, it includes information about GLC land and trails open to the public.</Description4Txt>
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      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>334926</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>163501</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>498427</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>498427</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>7476</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>490951</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>24548</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>29406</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>29406</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <PrivateOperatingFoundationsGrp>
        <PrivateOperatingFndtnRulingDt>1998-12-31</PrivateOperatingFndtnRulingDt>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>9222</CurrentYearAmt>
          <Year1Amt>8321</Year1Amt>
          <Year2Amt>13794</Year2Amt>
          <Year3Amt>14469</Year3Amt>
          <TotalAmt>45806</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <CurrentYearAmt>7839</CurrentYearAmt>
          <Year1Amt>7073</Year1Amt>
          <Year2Amt>11725</Year2Amt>
          <Year3Amt>12299</Year3Amt>
          <TotalAmt>38936</TotalAmt>
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        <QualifyingDistributionsGrp>
          <CurrentYearAmt>29406</CurrentYearAmt>
          <Year1Amt>15467</Year1Amt>
          <Year2Amt>18833</Year2Amt>
          <Year3Amt>15401</Year3Amt>
          <TotalAmt>79107</TotalAmt>
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        <QualifyingDistriNotUsedDrtGrp>
          <CurrentYearAmt>150</CurrentYearAmt>
          <Year1Amt>200</Year1Amt>
          <Year2Amt>100</Year2Amt>
          <Year3Amt>150</Year3Amt>
          <TotalAmt>600</TotalAmt>
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        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>29256</CurrentYearAmt>
          <Year1Amt>15267</Year1Amt>
          <Year2Amt>18733</Year2Amt>
          <Year3Amt>15251</Year3Amt>
          <TotalAmt>78507</TotalAmt>
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        <TotalAssetsGrp>
          <CurrentYearAmt>13197534</CurrentYearAmt>
          <Year1Amt>12889500</Year1Amt>
          <Year2Amt>12829687</Year2Amt>
          <Year3Amt>12792160</Year3Amt>
          <TotalAmt>51708881</TotalAmt>
        </TotalAssetsGrp>
        <TotalAssetsSect4942j3BiGrp>
          <CurrentYearAmt>12454490</CurrentYearAmt>
          <Year1Amt>12350576</Year1Amt>
          <Year2Amt>12353489</Year2Amt>
          <Year3Amt>12416872</Year3Amt>
          <TotalAmt>49575427</TotalAmt>
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      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>Bonita L Hay President</ContributingManagerNm>
        <ShareholderManagerNm>None</ShareholderManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>Bonita L Hay</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1220 KENSINGTON ROAD Suite 210</AddressLine1Txt>
            <CityNm>Oak Brook</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60523</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>6305717200</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>LETTER DESCRIBING ACTIVITIES TO BE CONDUCTED AT THE CONSERVANY'S PROPERTY.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>None</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>STUDIES AND EDUCATION IN ECOLOGY AND CONSERVANCY.</RestrictionsOnAwardsTxt>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>EAGLE HARBOR TOWNSHIP</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>321 CENTER STREET</AddressLine1Txt>
            <CityNm>EAGLE HARBOR</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>49950</ZIPCd>
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          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>GOV</RecipientFoundationStatusTxt>
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        <TotalGrantOrContriPdDurYrAmt>150</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <MembershipDuesAndAssmntGrp>
          <RelatedOrExemptFunctionIncmAmt>2535</RelatedOrExemptFunctionIncmAmt>
        </MembershipDuesAndAssmntGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>6913</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>9394</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>7425</ExclusionAmt>
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        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>23732</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>2535</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>26267</TotalIncomeProducingActyAmt>
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      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>Form</LineNumberTxt>
          <RelationshipStatementTxt>GRATIOT LAKE CONSERVANCY'S MISSION IS TO CONSERVE THE NATURAL ENVIRONMENT OF GRATIOT LAKE AND ITS WATERSHED, AND TO PROMOTE ENVIRONMENTAL STEWARDSHIP THROUGH EDUCATION AND RESEARCH RELATED TO THE ECOLOGY AND CULTURAL HISTORY OF THE AREA.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <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>
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        <ContributorBusinessName>
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        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>1220 KENSINGTON ROAD STE 210</AddressLine1Txt>
          <CityNm>OAKBROOK</CityNm>
          <StateAbbreviationCd>IL</StateAbbreviationCd>
          <ZIPCd>60523</ZIPCd>
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        <PersonContributionInd>X</PersonContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>MR AND MRS JAMES HAY</BusinessNameLine1Txt>
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          <AddressLine1Txt>9 DEAVER PLACE</AddressLine1Txt>
          <CityNm>WINCOTE</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>19095</ZIPCd>
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        <PersonContributionInd>X</PersonContributionInd>
        <NoncashContributionInd>X</NoncashContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>3</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>LIZZADRO FARMS INC</BusinessNameLine1Txt>
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        <ContributorUSAddress>
          <AddressLine1Txt>1120 KENSINGTON ROAD SUITE 210</AddressLine1Txt>
          <CityNm>OAK BROOK</CityNm>
          <StateAbbreviationCd>IL</StateAbbreviationCd>
          <ZIPCd>60523</ZIPCd>
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        <TotalContributionsAmt>638000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
        <NoncashContributionInd>X</NoncashContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>4</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>STEVEN LEUTHOLD FAMILY FOUNDATION</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>80 S 8TH STREET STE 4900</AddressLine1Txt>
          <CityNm>MINNEAPOLIS</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55402</ZIPCd>
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        <TotalContributionsAmt>7000</TotalContributionsAmt>
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        <NoncashPropertyDesc>420 SHARES OF APPLE INC</NoncashPropertyDesc>
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        <ReceivedDt>2024-12-31</ReceivedDt>
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      <NonCashPropertyContributionGrp>
        <ContributorNum>3</ContributorNum>
        <NoncashPropertyDesc>VACANT TIMBER AND LAKEFRONT LAND</NoncashPropertyDesc>
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        <AdjustedNetIncomeAmt>3850</AdjustedNetIncomeAmt>
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        <PriorYearDepreciationAmt>32289</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
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        <AdjustedNetIncomeAmt>110</AdjustedNetIncomeAmt>
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      <DepreciationPropertyGrp>
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        <ComputationMethodTxt>SL</ComputationMethodTxt>
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        <ComputationMethodTxt>SL</ComputationMethodTxt>
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      <DepreciationPropertyGrp>
        <PropertyDesc>Noblet Cabin - Roof</PropertyDesc>
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        <PriorYearDepreciationAmt>1206</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>39.0</LifeRt>
        <CurrentYearExpenseAmt>216</CurrentYearExpenseAmt>
        <AdjustedNetIncomeAmt>19</AdjustedNetIncomeAmt>
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      <InvestmentsCorporateBondsGrp>
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        <BondNm>FORD MOTOR CREDIT CO LLC</BondNm>
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        <BondNm>JP MORGAN CHASE &amp; CO</BondNm>
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        <EOYFMVAmt>0</EOYFMVAmt>
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        <EOYFMVAmt>17581</EOYFMVAmt>
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