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          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CARL DUFENDACH</PersonNm>
          <USAddress>
            <AddressLine1Txt>8925 WEST RUSSELL - SUITE 145</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89148</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARGE HOOGEBOOM</PersonNm>
          <USAddress>
            <AddressLine1Txt>8925 WEST RUSSELL - SUITE 145</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89148</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LANCE PELLOW</PersonNm>
          <USAddress>
            <AddressLine1Txt>8925 WEST RUSSELL - SUITE 145</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89148</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHERYL WEEKS-ROSTEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>8925 WEST RUSSELL - SUITE 145</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89148</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CALVIN VAN REKEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>8925 WEST RUSSELL - SUITE 145</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89148</ZIPCd>
          </USAddress>
          <TitleTxt>CHAIRMAN</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>CONTRIBUTIONS TO CHRISTIAN COLLEGES TO PROVIDE SCHOLARSHIPS TO CHILDREN OF MISSIONARY FAMILIES</Description1Txt>
        <Expenses1Amt>673010</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>21861645</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>43502</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>1164358</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>23069505</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>23069505</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>346043</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>22723462</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1136173</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1136173</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>14441</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>14441</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1121732</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>1121732</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>1121732</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>712747</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>712747</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1121732</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>483442</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>490572</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>520759</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>551900</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>520324</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>2566997</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>712747</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>712747</TreatedAsDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>1121732</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>1121732</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>2158012</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>2158012</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>373041</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>551900</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>520324</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>712747</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CALVIN UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>3201 BURTON SE</AddressLine1Txt>
            <CityNm>GRAND RAPIDS</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>49546</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>267750</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DORDT COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>489 4TH AVE</AddressLine1Txt>
            <CityNm>SIOUX CENTER</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51250</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>37750</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HOPE COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>141 E 12TH ST</AddressLine1Txt>
            <CityNm>HOLLAND</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>49422</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>37750</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WHEATON COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>501 COLLEGE AVE</AddressLine1Txt>
            <CityNm>WHEATON</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60187</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>264250</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KUYPER COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>3333 E BELTLINE</AddressLine1Txt>
            <CityNm>GRAND RAPIDS</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>49525</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>4000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TRINITY COLLEGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>6601 W COLLEGE AVE</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60643</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CASE WESTERN RESERVE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1090 EUCLID AVE</AddressLine1Txt>
            <CityNm>CLEVELAND</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>44106</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PSU COLLEGE OF MEDICINE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 850</AddressLine1Txt>
            <CityNm>HERSHEY</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>17033</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UNIV OF WASHINGTON MED SCHOOL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 24967</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98124</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSIP</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>NAT UNIV OF SIGNAPORE</RecipientPersonNm>
          <RecipientForeignAddress>
            <AddressLine1Txt>TAN CHIN TUAN WING</AddressLine1Txt>
            <CityNm>SINGAPORE</CityNm>
            <ProvinceOrStateNm>SINGAPORE</ProvinceOrStateNm>
            <CountryCd>SN</CountryCd>
          </RecipientForeignAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>8010</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MICHIGAN STATE UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>426 AUDITORIUM RD</AddressLine1Txt>
            <CityNm>EAST LANSING</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48824</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>16000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>NORTHWESTERN UNIVERSITY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>633 CLARK ST</AddressLine1Txt>
            <CityNm>EVANSTON</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60208</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>673010</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>838740</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>1407332</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>2246072</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>2246072</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>
    <InvestmentsCorpStockSchedule documentId="STM137">
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8490 CASH</StockNm>
        <EOYBookValueAmt>326835</EOYBookValueAmt>
        <EOYFMVAmt>326835</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8485 CASH</StockNm>
        <EOYBookValueAmt>5406</EOYBookValueAmt>
        <EOYFMVAmt>5406</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JPMORGAN JPM</StockNm>
        <EOYBookValueAmt>3750</EOYBookValueAmt>
        <EOYFMVAmt>35957</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8490 STOCKS</StockNm>
        <EOYBookValueAmt>7592887</EOYBookValueAmt>
        <EOYFMVAmt>9982536</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8485 MUNI BONDS</StockNm>
        <EOYBookValueAmt>49528</EOYBookValueAmt>
        <EOYFMVAmt>53890</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8490 BONDS</StockNm>
        <EOYBookValueAmt>1212173</EOYBookValueAmt>
        <EOYFMVAmt>1230551</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COST BASIS ADJUSTMENT</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8490 MUTUAL FUNDS</StockNm>
        <EOYBookValueAmt>2183592</EOYBookValueAmt>
        <EOYFMVAmt>2189516</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8485 STOCKS</StockNm>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8555 CASH</StockNm>
        <EOYBookValueAmt>1554</EOYBookValueAmt>
        <EOYFMVAmt>1554</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8555 STOCKS</StockNm>
        <EOYBookValueAmt>1379263</EOYBookValueAmt>
        <EOYFMVAmt>1694826</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8555 BONDS</StockNm>
        <EOYBookValueAmt>273599</EOYBookValueAmt>
        <EOYFMVAmt>274916</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8555 MUTUAL FUNDS</StockNm>
        <EOYBookValueAmt>2662775</EOYBookValueAmt>
        <EOYFMVAmt>2628717</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8485 BONDS</StockNm>
        <EOYBookValueAmt>901092</EOYBookValueAmt>
        <EOYFMVAmt>936499</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8485 ALTERNATIVE</StockNm>
        <EOYBookValueAmt>761561</EOYBookValueAmt>
        <EOYFMVAmt>767578</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8485 ANNUITIES</StockNm>
        <EOYBookValueAmt>1050000</EOYBookValueAmt>
        <EOYFMVAmt>1118825</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8490 ETFS</StockNm>
        <EOYBookValueAmt>399595</EOYBookValueAmt>
        <EOYFMVAmt>407557</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8490 GOVT SEC</StockNm>
        <EOYBookValueAmt>779591</EOYBookValueAmt>
        <EOYFMVAmt>768885</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8485 CERT OF DEP</StockNm>
        <EOYBookValueAmt>200000</EOYBookValueAmt>
        <EOYFMVAmt>201310</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 4593 CASH</StockNm>
        <EOYBookValueAmt>1739</EOYBookValueAmt>
        <EOYFMVAmt>1353</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 4593 STOCKS</StockNm>
        <EOYBookValueAmt>23092</EOYBookValueAmt>
        <EOYFMVAmt>22798</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 4593 ETFS</StockNm>
        <EOYBookValueAmt>50723</EOYBookValueAmt>
        <EOYFMVAmt>50001</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 4593 BONDS</StockNm>
        <EOYBookValueAmt>239937</EOYBookValueAmt>
        <EOYFMVAmt>233885</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 4593 GOVT SEC</StockNm>
        <EOYBookValueAmt>187964</EOYBookValueAmt>
        <EOYFMVAmt>182342</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8485 GOV SEC</StockNm>
        <EOYBookValueAmt>367465</EOYBookValueAmt>
        <EOYFMVAmt>368791</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORG STAN 8485 PRIV EQUITY</StockNm>
        <EOYBookValueAmt>209801</EOYBookValueAmt>
        <EOYFMVAmt>220881</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherAssetsSchedule documentId="STM120">
      <OtherAssetsScheduleGrp>
        <Desc>ESTIMATED TAX DEPOSITS</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>6000</EOYBookValueAmt>
        <EOYFMVAmt>6000</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="STM103">
      <OtherExpensesScheduleGrp>
        <Desc>BANK PAYPAL CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>389</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>389</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>COMMISSION MSSB</Desc>
        <RevenueAndExpensesPerBooksAmt>148893</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>148893</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>148893</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICER INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>2435</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2435</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NUVEEN ADMIN EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>59</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>59</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>59</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="STM106">
      <OtherIncomeDetail>
        <Desc>SRVR MT</Desc>
        <RevenueAndExpensesPerBooksAmt>251</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>251</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>251</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="STM121">
      <OtherLiabilitiesDetail>
        <Desc>INCOME TAX PAYABLE</Desc>
        <BOYBookValueAmt>684</BOYBookValueAmt>
        <EOYBookValueAmt>8441</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="STM109">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>SCHOLARSHIP ADMIN</CategoryTxt>
        <Amt>36900</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>36900</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="STM110">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>8121</Amt>
        <NetInvestmentIncomeAmt>8121</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>8121</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>STATE FILING FEE</CategoryTxt>
        <Amt>25</Amt>
        <NetInvestmentIncomeAmt>25</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>25</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>