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          <FormAndInfoAndMaterialsTxt>THE FOUNDATION WILL SUPPLY AN APPLICATION FORM, WHICH MUST BE COMPLETED. ATTACHED SHOULD BE TRANSCRIPTS, LETTERS OF REFERENCE, AND A PHOTOGRAPH.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>MAY OF EACH YEAR.</SubmissionDeadlinesTxt>
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            <CityNm>SAN DIEGO</CityNm>
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        <GrantOrContributionPdDurYrGrp>
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          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DUKE SCHOOL OF MEDICINE</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>DUKE SCHOOL OF MEDICINE</BusinessNameLine2Txt>
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            <AddressLine1Txt>8 SEARLE CENTER DRIVE</AddressLine1Txt>
            <CityNm>DURHAM</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27710</ZIPCd>
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          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EDUCATIONAL</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GREAT BASIN COLLEGE</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>GREAT BASIN COLLEGE</BusinessNameLine2Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>1500 COLLEGE PARKWAY</AddressLine1Txt>
            <CityNm>ELKO</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89801</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EDUCATIONAL</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SOUTHERN NEW HAMPSHIRE UNIVERSITY</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>SOUTHERN NEW HAMPSHIRE UNIVERSITY</BusinessNameLine2Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 55008</AddressLine1Txt>
            <CityNm>BOSTON</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02205</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EDUCATIONAL</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
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        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SOUTHWESTERN OREGON COMMUNITY COLLE</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>SOUTHWESTERN OREGON COMMUNITY COLLEGE</BusinessNameLine2Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>1988 NEWMARK AVENUE</AddressLine1Txt>
            <CityNm>COOS BAY</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
            <ZIPCd>97420</ZIPCd>
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          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EDUCATIONAL</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF CALIFORNIA BERKELEY</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>UNIVERSITY OF CALIFORNIA BERKELEY</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>16 SPROUL HALL 1960</AddressLine1Txt>
            <CityNm>BERKELEY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94720</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EDUCATIONAL</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF CALIFORNIA CHICO</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>UNIVERSITY OF CALIFORNIA CHICO</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>400 W FIRST STREET</AddressLine1Txt>
            <CityNm>CHICO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95929</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EDUCATIONAL</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF CALIFORNIA DAVIS</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>UNIVERSITY OF CALIFORNIA DAVIS</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 989062</AddressLine1Txt>
            <CityNm>W SACRAMENTO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95798</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EDUCATIONAL</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF CALIFORNIA SANTA CRUZ</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>UNIVERSITY OF CALIFORNIA SANTA CRUZ</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1156 HIGH STREET</AddressLine1Txt>
            <CityNm>SANTA CRUZ</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95064</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EDUCATIONAL</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF SOUTHERN CALIFORNIA</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>UNIVERSITY OF SOUTHERN CALIFORNIA</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>700 CHILDS WAY JHH</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90089</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EDUCATIONAL</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>63000</TotalGrantOrContriPdDurYrAmt>
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      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1548</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>15775</ExclusionAmt>
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        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>11561</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>INVESTMENT ADJUSTMENTS</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-94</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>28790</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>28790</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="RetDoc1">
      <AccountingFeesDetail>
        <CategoryTxt>SHALLCROSS &amp; ASSOCIATES</CategoryTxt>
        <Amt>1031</Amt>
        <NetInvestmentIncomeAmt>531</NetInvestmentIncomeAmt>
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    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2">
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY SMITH BARNEY</StockNm>
        <EOYBookValueAmt>368763</EOYBookValueAmt>
        <EOYFMVAmt>734187</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherAssetsSchedule documentId="RetDoc3">
      <OtherAssetsScheduleGrp>
        <Desc>LOAN RECEIVABLE</Desc>
        <BOYBookValueAmt>56803</BOYBookValueAmt>
        <EOYBookValueAmt>41550</EOYBookValueAmt>
        <EOYFMVAmt>41550</EOYFMVAmt>
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    <OtherIncomeSchedule2 documentId="RetDoc4">
      <OtherIncomeDetail>
        <Desc>INVESTMENT ADJUSTMENTS</Desc>
        <RevenueAndExpensesPerBooksAmt>-94</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-94</NetInvestmentIncomeAmt>
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    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc5">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MORGAN STANLEY</CategoryTxt>
        <Amt>150</Amt>
        <NetInvestmentIncomeAmt>150</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>SCHOLARSHIP ADMINISTRATION</CategoryTxt>
        <Amt>1362</Amt>
        <DisbursementsCharitablePrpsAmt>1000</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>LEGAL</CategoryTxt>
        <Amt>3334</Amt>
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    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc6">
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        <CategoryTxt>FEDERAL EXCISE TAXES PAID</CategoryTxt>
        <Amt>1168</Amt>
        <NetInvestmentIncomeAmt>1168</NetInvestmentIncomeAmt>
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      <TaxesDetail>
        <CategoryTxt>STATE FILING FEES</CategoryTxt>
        <Amt>50</Amt>
        <DisbursementsCharitablePrpsAmt>50</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>