﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2025v4.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2026-04-21T14:57:42-04:00</ReturnTs>
    <TaxPeriodEndDt>2025-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>815334664</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>BURGHER TAX SERVICES LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>2501 RIDGMAR PLZ</AddressLine1Txt>
        <CityNm>FORT WORTH</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>76116</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2025-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>752886727</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE BAYARD &amp; CORNELIA FRIEDMAN FUND</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>BAYA</BusinessNameControlTxt>
      <PhoneNum>8177373325</PhoneNum>
      <USAddress>
        <AddressLine1Txt>604 E 4TH STREET SUITE 200</AddressLine1Txt>
        <CityNm>FORT WORTH</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>76102</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>WALKER C FRIEDMAN</PersonNm>
      <PersonTitleTxt>SEC/TREASURER</PersonTitleTxt>
      <PhoneNum>8177373325</PhoneNum>
      <SignatureDt>2026-04-20</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>JUDD DUNCAN</PreparerPersonNm>
      <PTIN>P01289140</PTIN>
      <PhoneNum>8173325256</PhoneNum>
      <PreparationDt>2026-04-21</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2025</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="5">
    <IRS990PF documentId="RetDoc5">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>13550</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>16</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>16</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>3903</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>3903</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="RetDoc2">11156</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>345893</GrossSalesPriceAmt>
        <TotalRevAndExpnssAmt>15075</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>3919</TotalNetInvstIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc1">1950</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesChrtblPrpsAmt>1950</AccountingFeesChrtblPrpsAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc4">200</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>200</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>2150</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>2150</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>13500</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>13500</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>15650</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>15650</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-575</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>3919</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>8042</CashBOYAmt>
        <CashEOYAmt>13550</CashEOYAmt>
        <CashEOYFMVAmt>13550</CashEOYFMVAmt>
        <AcctRcvblAmt>994</AcctRcvblAmt>
        <AcctRcvblEOYAmt>994</AcctRcvblEOYAmt>
        <OtherInvestmentsBOYAmt>332923</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc3">324063</OtherInvestmentsEOYAmt>
        <TotalAssetsBOYAmt>340965</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>338607</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>13550</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>2000</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>50</AccountsPayableEOYAmt>
        <GrantsPayableBOYAmt>8333</GrantsPayableBOYAmt>
        <GrantsPayableEOYAmt>8500</GrantsPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>10333</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>8550</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>330632</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>330057</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>330632</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>330057</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>340965</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>338607</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>330632</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-575</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>330057</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>330057</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>54</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>54</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>54</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>126</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>126</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>72</OverpaymentAmt>
        <AppliedToESTaxAmt>72</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>TX</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>WALKER C FRIEDMAN</IndividualWithBooksNm>
        <PhoneNum>8173340400</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>604 E 4TH STREET SUITE 200</AddressLine1Txt>
          <CityNm>FORT WORTH</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>76102</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>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <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>HARRY B FRIEDMAN II</PersonNm>
          <USAddress>
            <AddressLine1Txt>609 CLIFF DRIVE</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78704</ZIPCd>
          </USAddress>
          <TitleTxt>VP</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>WALKER C FRIEDMAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>604 E 4TH STREET SUITE 200</AddressLine1Txt>
            <CityNm>FORT WORTH</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76102</ZIPCd>
          </USAddress>
          <TitleTxt>SEC/TREASURE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ALAN D FRIEDMAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>4408 FAIRFAX</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75205</ZIPCd>
          </USAddress>
          <TitleTxt>VP</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CORNELIA NITA FRIEDMAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>412 WEST END AVENUE 4B</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10024</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>283591</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>40537</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>324128</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>324128</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>4862</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>319266</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>15963</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>15963</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>54</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>54</TotalTaxAmt>
        <DistributableBeforeAdjAmt>15909</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>15909</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>15909</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>15650</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>15650</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>15909</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>13207</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>15650</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>13207</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>2443</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>13466</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>REGIONAL FOOD BANK</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>965 ALBANY SHAKER ROAD</AddressLine1Txt>
            <CityNm>LATHAM</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12110</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>POF</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>DONATION</GrantOrContributionPurposeTxt>
          <Amt>4500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ONE DROP OF KINDNESS FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 3834</AddressLine1Txt>
            <CityNm>KINGSTON</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12402</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>POF</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>DONATION</GrantOrContributionPurposeTxt>
          <Amt>4000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE ASSOCIATION FOR THE DEVELOPMENT</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>OF DRAMATIC ARTS INC</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 237091</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10023</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusCd>POF</RecipientFoundationStatusCd>
          <GrantOrContributionPurposeTxt>DONATION</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>13500</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>16</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>3903</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>11156</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>3919</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>11156</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>15075</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>FORM 990-PF PREPARATION FEES</CategoryTxt>
        <Amt>1950</Amt>
        <DisbursementsCharitablePrpsAmt>1950</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc2">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>STATE STREET SPDR S&amp;P 500</AssetDesc>
        <AcquiredDt>2025-02</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2025-03</SoldDt>
        <GrossSalesPriceAmt>1662</GrossSalesPriceAmt>
        <BasisAmt>1814</BasisAmt>
        <TotalNetAmt>-152</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>ALKEON GROWTH OFFSHORE F D II LTD</AssetDesc>
        <AcquiredDt>2021-05</AcquiredDt>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <SoldDt>2025-01</SoldDt>
        <GrossSalesPriceAmt>344231</GrossSalesPriceAmt>
        <BasisAmt>332923</BasisAmt>
        <TotalNetAmt>11308</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc3">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ALKEON GROWTH OFFSHORE FUND II LTD</CategoryOrItemTxt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SPDR S&amp;P 500 ETF TR</CategoryOrItemTxt>
        <BookValueAmt>324063</BookValueAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="RetDoc4">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>200</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>200</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
  </ReturnData>
</Return>