﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-11-12T17:15:39-06:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>BADER MARTIN PS</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>1000 SECOND AVENUE 34TH FLOOR</AddressLine1>
        <City>SEATTLE</City>
        <State>WA</State>
        <ZIPCode>981041022</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>911817398</EIN>
      <Name>
        <BusinessNameLine1>TEW FOUNDATION</BusinessNameLine1>
      </Name>
      <InCareOfName>% FOUNDATION MGMT GROUP LLC</InCareOfName>
      <NameControl>TEWF</NameControl>
      <Phone>2066670300</Phone>
      <USAddress>
        <AddressLine1>1000 SECOND AVENUE 34TH FLOOR</AddressLine1>
        <AddressLine2>Suite</AddressLine2>
        <City>SEATTLE</City>
        <State>WA</State>
        <ZIPCode>981041022</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>DAN ASHER</Name>
      <Title>SECRETARY</Title>
      <Phone>2066670300</Phone>
      <DateSigned>2013-11-15</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>LEONARD KAIDEN</Name>
      <Phone>2066211900</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="15">
    <IRS990PF documentId="IRS990PF">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>8498877</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>0</ContriReceivedRevAndExpnss>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <DividendsRevAndExpnss>201339</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>201339</DividendsNetInvstIncm>
        <GrossRentsRevAndExpnss>28246</GrossRentsRevAndExpnss>
        <GrossRentsNetInvstIncm>28246</GrossRentsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>391464</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>1826772</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>391464</CapitalGainNetIncmNetInvstIncm>
        <OtherIncomeRevAndExpnss referenceDocumentId="OtherIncomeSch2">5</OtherIncomeRevAndExpnss>
        <OtherIncomeNetInvstIncm>5</OtherIncomeNetInvstIncm>
        <TotalRevenueAndExpenses>621054</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>621054</TotalNetInvestmentIncome>
        <OtherProfFeesRevAndExpnss referenceDocumentId="OthProfFeesSch">26400</OtherProfFeesRevAndExpnss>
        <OtherProfFeesNetInvstIncm>6600</OtherProfFeesNetInvstIncm>
        <OtherProfFeesDsbrsChrtblPrps>19800</OtherProfFeesDsbrsChrtblPrps>
        <TaxesRevAndExpnss referenceDocumentId="TaxesSchedule">7820</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>2251</TaxesNetInvstIncm>
        <OtherExpensesRevAndExpnss referenceDocumentId="OtherExpensesSch">57353</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>55279</OtherExpensesNetInvstIncm>
        <OtherExpensesDsbrsChrtblPrps>1980</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>91573</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>64130</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>21780</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>459000</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>459000</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>550573</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>64130</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>480780</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>70481</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>556924</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <CashBOY>15710</CashBOY>
        <CashEOY>19616</CashEOY>
        <CashEOYFMV>19616</CashEOYFMV>
        <SavingsAndTempCashInvstBOY>139443</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>132158</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>132158</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsGovtObligBOY>589083</InvestmentsGovtObligBOY>
        <InvestmentsGovtObligEOY referenceDocumentId="InvGovtObligSch">374143</InvestmentsGovtObligEOY>
        <InvestmentsGovtObligEOYFMV>374143</InvestmentsGovtObligEOYFMV>
        <InvestmentsCorpStockBOY>6219544</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="InvestCorpStockSch">6387061</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>6387061</InvestmentsCorpStockEOYFMV>
        <InvestmentsCorpBondsBOY>787218</InvestmentsCorpBondsBOY>
        <InvestmentsCorpBondsEOY referenceDocumentId="InvestCorpBondsSch">1327506</InvestmentsCorpBondsEOY>
        <InvestmentsCorpBondsEOYFMV>1327506</InvestmentsCorpBondsEOYFMV>
        <InvestmentsOtherBOY>241325</InvestmentsOtherBOY>
        <InvestmentsOtherEOY referenceDocumentId="InvOtherSch2">238451</InvestmentsOtherEOY>
        <InvestmentsOtherEOYFMV>238451</InvestmentsOtherEOYFMV>
        <OtherAssetsBOY referenceDocumentId="OtherAssetsSch">14308</OtherAssetsBOY>
        <OtherAssetsEOY referenceDocumentId="OtherAssetsSch">19942</OtherAssetsEOY>
        <OtherAssetsEOYFMV referenceDocumentId="OtherAssetsSch">19942</OtherAssetsEOYFMV>
        <TotalAssetsBOY>8006631</TotalAssetsBOY>
        <TotalAssetsEOY>8498877</TotalAssetsEOY>
        <TotalAssetsEOYFMV>8498877</TotalAssetsEOYFMV>
        <OtherLiabilitiesBOY referenceDocumentId="OtherLiabSch">3832</OtherLiabilitiesBOY>
        <OtherLiabilitiesEOY referenceDocumentId="OtherLiabSch">5569</OtherLiabilitiesEOY>
        <TotalLiabilitiesBOY>3832</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>5569</TotalLiabilitiesEOY>
        <OrgThatFollowSFAS117>X</OrgThatFollowSFAS117>
        <UnrestrictedBOY>8002799</UnrestrictedBOY>
        <UnrestrictedEOY>8493308</UnrestrictedEOY>
        <TotalNetAssetsBOY>8002799</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>8493308</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>8006631</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>8498877</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>8002799</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>70481</ExcessOfRevenueOverExpenses>
        <OtherIncreases referenceDocumentId="OtherIncreasesSch">420028</OtherIncreases>
        <Subtotal>8493308</Subtotal>
        <TotalNetAssetsFundBalancesEOY>8493308</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>250 SHS SPDR S&amp;P 500 ETF TRUST</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-08-11</DateAcquired>
          <DateSold>2012-02-29</DateSold>
          <GrossSalesPrice>34229</GrossSalesPrice>
          <CostOrOtherBasis>28822</CostOrOtherBasis>
          <GainOrLoss>5407</GainOrLoss>
          <GainsMinusExcessOrLosses>5407</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>2.07 SHS COMPANHIA DE BEBIDAS-PRF</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2012-01-11</DateAcquired>
          <DateSold>2012-06-21</DateSold>
          <GrossSalesPrice>13</GrossSalesPrice>
          <GainOrLoss>13</GainOrLoss>
          <GainsMinusExcessOrLosses>13</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>.45 SHS EATON CORP PLC</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2012-11-30</DateAcquired>
          <DateSold>2012-12-17</DateSold>
          <GrossSalesPrice>23</GrossSalesPrice>
          <CostOrOtherBasis>23</CostOrOtherBasis>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>200 SHS ACCENTURE PLC</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2005-11-16</DateAcquired>
          <DateSold>2012-01-17</DateSold>
          <GrossSalesPrice>10660</GrossSalesPrice>
          <CostOrOtherBasis>5450</CostOrOtherBasis>
          <GainOrLoss>5210</GainOrLoss>
          <GainsMinusExcessOrLosses>5210</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>125 SHS AMEX ENERGY SELECT SPDR</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-11-09</DateAcquired>
          <DateSold>2012-01-17</DateSold>
          <GrossSalesPrice>8776</GrossSalesPrice>
          <CostOrOtherBasis>7792</CostOrOtherBasis>
          <GainOrLoss>984</GainOrLoss>
          <GainsMinusExcessOrLosses>984</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>392.12 SHS EXXON MOBIL CORPORATION</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>1988-07-08</DateAcquired>
          <DateSold>2012-01-17</DateSold>
          <GrossSalesPrice>33208</GrossSalesPrice>
          <CostOrOtherBasis>3305</CostOrOtherBasis>
          <GainOrLoss>29903</GainOrLoss>
          <GainsMinusExcessOrLosses>29903</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>7.88 SHS EXXON MOBIL CORPORATION</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>1987-08-18</DateAcquired>
          <DateSold>2012-01-17</DateSold>
          <GrossSalesPrice>667</GrossSalesPrice>
          <CostOrOtherBasis>76</CostOrOtherBasis>
          <GainOrLoss>591</GainOrLoss>
          <GainsMinusExcessOrLosses>591</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>500 SHS ISHARES INC MSCI PACIFIC EX-JAPAN</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2004-04-23</DateAcquired>
          <DateSold>2012-01-17</DateSold>
          <GrossSalesPrice>20175</GrossSalesPrice>
          <CostOrOtherBasis>12503</CostOrOtherBasis>
          <GainOrLoss>7672</GainOrLoss>
          <GainsMinusExcessOrLosses>7672</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>200 SHS ISHARES MSCI EAFE</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-01-09</DateAcquired>
          <DateSold>2012-01-17</DateSold>
          <GrossSalesPrice>9956</GrossSalesPrice>
          <CostOrOtherBasis>15292</CostOrOtherBasis>
          <GainOrLoss>-5336</GainOrLoss>
          <GainsMinusExcessOrLosses>-5336</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,100 SHS ISHARES MSCI EAFE</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2005-11-16</DateAcquired>
          <DateSold>2012-01-17</DateSold>
          <GrossSalesPrice>54757</GrossSalesPrice>
          <CostOrOtherBasis>62271</CostOrOtherBasis>
          <GainOrLoss>-7514</GainOrLoss>
          <GainsMinusExcessOrLosses>-7514</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>750 SHS BERKSHIRE HATHAWAY INC</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-01-09</DateAcquired>
          <DateSold>2012-02-29</DateSold>
          <GrossSalesPrice>59676</GrossSalesPrice>
          <CostOrOtherBasis>47715</CostOrOtherBasis>
          <GainOrLoss>11961</GainOrLoss>
          <GainsMinusExcessOrLosses>11961</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>275 SHS CHEVRON CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-10-02</DateAcquired>
          <DateSold>2012-02-29</DateSold>
          <GrossSalesPrice>29851</GrossSalesPrice>
          <CostOrOtherBasis>18813</CostOrOtherBasis>
          <GainOrLoss>11038</GainOrLoss>
          <GainsMinusExcessOrLosses>11038</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>400 SHS DANAHER CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>1996-05-17</DateAcquired>
          <DateSold>2012-02-29</DateSold>
          <GrossSalesPrice>21338</GrossSalesPrice>
          <CostOrOtherBasis>2029</CostOrOtherBasis>
          <GainOrLoss>19309</GainOrLoss>
          <GainsMinusExcessOrLosses>19309</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>100,000 FNMA 5%, 2/16/12</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2007-04-04</DateAcquired>
          <DateSold>2012-02-16</DateSold>
          <GrossSalesPrice>100000</GrossSalesPrice>
          <CostOrOtherBasis>100671</CostOrOtherBasis>
          <GainOrLoss>-671</GainOrLoss>
          <GainsMinusExcessOrLosses>-671</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,200 SHS MEDCO HEALTH SOLUTIONS INC</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-08-25</DateAcquired>
          <DateSold>2012-02-24</DateSold>
          <GrossSalesPrice>76344</GrossSalesPrice>
          <CostOrOtherBasis>54408</CostOrOtherBasis>
          <GainOrLoss>21936</GainOrLoss>
          <GainsMinusExcessOrLosses>21936</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>400 SHS ACCENTURE PLC</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2005-11-16</DateAcquired>
          <DateSold>2012-04-04</DateSold>
          <GrossSalesPrice>25851</GrossSalesPrice>
          <CostOrOtherBasis>10900</CostOrOtherBasis>
          <GainOrLoss>14951</GainOrLoss>
          <GainsMinusExcessOrLosses>14951</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>50 SHS APPLE INC</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2007-06-19</DateAcquired>
          <DateSold>2012-04-04</DateSold>
          <GrossSalesPrice>30004</GrossSalesPrice>
          <CostOrOtherBasis>6197</CostOrOtherBasis>
          <GainOrLoss>23807</GainOrLoss>
          <GainsMinusExcessOrLosses>23807</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>275 SHS SPDR S&amp;P MIDCAP 400 ETF TRUST</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2003-07-29</DateAcquired>
          <DateSold>2012-04-04</DateSold>
          <GrossSalesPrice>49928</GrossSalesPrice>
          <CostOrOtherBasis>25014</CostOrOtherBasis>
          <GainOrLoss>24914</GainOrLoss>
          <GainsMinusExcessOrLosses>24914</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>200 SHS VISA INC-CLASS A</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-04-02</DateAcquired>
          <DateSold>2012-04-04</DateSold>
          <GrossSalesPrice>23675</GrossSalesPrice>
          <CostOrOtherBasis>11238</CostOrOtherBasis>
          <GainOrLoss>12437</GainOrLoss>
          <GainsMinusExcessOrLosses>12437</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>100,000 FHLB 5.75%, 5/15/12</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2007-06-19</DateAcquired>
          <DateSold>2012-05-05</DateSold>
          <GrossSalesPrice>100000</GrossSalesPrice>
          <CostOrOtherBasis>102025</CostOrOtherBasis>
          <GainOrLoss>-2025</GainOrLoss>
          <GainsMinusExcessOrLosses>-2025</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>75,000 NOKIA CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-08-19</DateAcquired>
          <DateSold>2012-08-18</DateSold>
          <GrossSalesPrice>61064</GrossSalesPrice>
          <CostOrOtherBasis>78593</CostOrOtherBasis>
          <GainOrLoss>-17529</GainOrLoss>
          <GainsMinusExcessOrLosses>-17529</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>75,000 BB&amp;T CPR[PRATOPM 3.85%, 7/27/12</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-08-18</DateAcquired>
          <DateSold>2012-07-27</DateSold>
          <GrossSalesPrice>75000</GrossSalesPrice>
          <CostOrOtherBasis>76846</CostOrOtherBasis>
          <GainOrLoss>-1846</GainOrLoss>
          <GainsMinusExcessOrLosses>-1846</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>36,000 CONOCOPHILLIPS 4.75%, 2/1/14</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-02-04</DateAcquired>
          <DateSold>2012-08-17</DateSold>
          <GrossSalesPrice>38097</GrossSalesPrice>
          <CostOrOtherBasis>36521</CostOrOtherBasis>
          <GainOrLoss>1576</GainOrLoss>
          <GainsMinusExcessOrLosses>1576</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,400 SHS AMEX FINANCIAL SELECT SPDR</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-06-06</DateAcquired>
          <DateSold>2012-09-13</DateSold>
          <GrossSalesPrice>22498</GrossSalesPrice>
          <CostOrOtherBasis>33166</CostOrOtherBasis>
          <GainOrLoss>-10668</GainOrLoss>
          <GainsMinusExcessOrLosses>-10668</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>100 SHS SPDR S&amp;P 500 ETF TRUST</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-08-11</DateAcquired>
          <DateSold>2012-09-13</DateSold>
          <GrossSalesPrice>14650</GrossSalesPrice>
          <CostOrOtherBasis>11529</CostOrOtherBasis>
          <GainOrLoss>3121</GainOrLoss>
          <GainsMinusExcessOrLosses>3121</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>400 SHS EXXON MOBIL CORPORATION</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-07-08</DateAcquired>
          <DateSold>2012-09-13</DateSold>
          <GrossSalesPrice>36459</GrossSalesPrice>
          <CostOrOtherBasis>3371</CostOrOtherBasis>
          <GainOrLoss>33088</GainOrLoss>
          <GainsMinusExcessOrLosses>33088</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>125 SHS SPDR S&amp;P 400 MIDCAP 400 ETF TRUST</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2003-07-29</DateAcquired>
          <DateSold>2012-09-13</DateSold>
          <GrossSalesPrice>23123</GrossSalesPrice>
          <CostOrOtherBasis>11370</CostOrOtherBasis>
          <GainOrLoss>11753</GainOrLoss>
          <GainsMinusExcessOrLosses>11753</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>600 SHS AMEX FINANCIAL SELECT SPDR</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-01-23</DateAcquired>
          <DateSold>2012-09-13</DateSold>
          <GrossSalesPrice>9642</GrossSalesPrice>
          <CostOrOtherBasis>15924</CostOrOtherBasis>
          <GainOrLoss>-6282</GainOrLoss>
          <GainsMinusExcessOrLosses>-6282</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>375 SHS JOHNSON &amp; JOHNSON</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>1985-03-14</DateAcquired>
          <DateSold>2012-09-13</DateSold>
          <GrossSalesPrice>25856</GrossSalesPrice>
          <CostOrOtherBasis>931</CostOrOtherBasis>
          <GainOrLoss>24925</GainOrLoss>
          <GainsMinusExcessOrLosses>24925</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,000 SHS ISHARES INC MSCI PACIFIC EX-JA</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2004-04-23</DateAcquired>
          <DateSold>2012-10-16</DateSold>
          <GrossSalesPrice>45559</GrossSalesPrice>
          <CostOrOtherBasis>25007</CostOrOtherBasis>
          <GainOrLoss>20552</GainOrLoss>
          <GainsMinusExcessOrLosses>20552</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,400 SHS ISHARES TR MSCI EMERGING MKT</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-02-01</DateAcquired>
          <DateSold>2012-10-16</DateSold>
          <GrossSalesPrice>58771</GrossSalesPrice>
          <CostOrOtherBasis>47035</CostOrOtherBasis>
          <GainOrLoss>11736</GainOrLoss>
          <GainsMinusExcessOrLosses>11736</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>500 SHS ISHARES TR SMALLCAP 600 INDEX</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-01-09</DateAcquired>
          <DateSold>2012-10-16</DateSold>
          <GrossSalesPrice>38234</GrossSalesPrice>
          <CostOrOtherBasis>21202</CostOrOtherBasis>
          <GainOrLoss>17032</GainOrLoss>
          <GainsMinusExcessOrLosses>17032</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>15 SHS AMEX FINANCIAL SELECT SPDR</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-07-09</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>237</GrossSalesPrice>
          <CostOrOtherBasis>297</CostOrOtherBasis>
          <GainOrLoss>-60</GainOrLoss>
          <GainsMinusExcessOrLosses>-60</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>2,550 SHS AMEX FINANCIAL SELECT SPDR</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-06-13</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>40340</GrossSalesPrice>
          <CostOrOtherBasis>57990</CostOrOtherBasis>
          <GainOrLoss>-17650</GainOrLoss>
          <GainsMinusExcessOrLosses>-17650</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>2,160 SHS AMEX FINANCIAL SELECT SPDR</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-06-06</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>34170</GrossSalesPrice>
          <CostOrOtherBasis>51170</CostOrOtherBasis>
          <GainOrLoss>-17000</GainOrLoss>
          <GainsMinusExcessOrLosses>-17000</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>300 SHS CARNIVAL CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2003-06-04</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>11588</GrossSalesPrice>
          <CostOrOtherBasis>9448</CostOrOtherBasis>
          <GainOrLoss>2140</GainOrLoss>
          <GainsMinusExcessOrLosses>2140</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,500 SHS CARNIVAL CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2002-10-04</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>57940</GrossSalesPrice>
          <CostOrOtherBasis>35700</CostOrOtherBasis>
          <GainOrLoss>22240</GainOrLoss>
          <GainsMinusExcessOrLosses>22240</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>354 SHS VERIZON COMMUNICATIONS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>1985-12-01</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>15608</GrossSalesPrice>
          <CostOrOtherBasis>1096</CostOrOtherBasis>
          <GainOrLoss>14512</GainOrLoss>
          <GainsMinusExcessOrLosses>14512</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>100 SHS VISA INC-CLASS A SHRS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-04-02</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>13712</GrossSalesPrice>
          <CostOrOtherBasis>5619</CostOrOtherBasis>
          <GainOrLoss>8093</GainOrLoss>
          <GainsMinusExcessOrLosses>8093</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>500 SHS CHEVRON CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-10-02</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>55219</GrossSalesPrice>
          <CostOrOtherBasis>34205</CostOrOtherBasis>
          <GainOrLoss>21014</GainOrLoss>
          <GainsMinusExcessOrLosses>21014</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>200 SHS CELGENE CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-01-09</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>14868</GrossSalesPrice>
          <CostOrOtherBasis>10164</CostOrOtherBasis>
          <GainOrLoss>4704</GainOrLoss>
          <GainsMinusExcessOrLosses>4704</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>875 SHS THERMO FISHER SCIENTIFIC INC</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-02-08</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>53750</GrossSalesPrice>
          <CostOrOtherBasis>48431</CostOrOtherBasis>
          <GainOrLoss>5319</GainOrLoss>
          <GainsMinusExcessOrLosses>5319</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>500 SHS E M C CORP MASS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2001-08-28</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>12065</GrossSalesPrice>
          <CostOrOtherBasis>8510</CostOrOtherBasis>
          <GainOrLoss>3555</GainOrLoss>
          <GainsMinusExcessOrLosses>3555</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>500 SHS E M C CORP MASS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2001-11-26</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>12065</GrossSalesPrice>
          <CostOrOtherBasis>8460</CostOrOtherBasis>
          <GainOrLoss>3605</GainOrLoss>
          <GainsMinusExcessOrLosses>3605</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>3,000 SHS INTEL CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>1994-12-14</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>64859</GrossSalesPrice>
          <CostOrOtherBasis>11367</CostOrOtherBasis>
          <GainOrLoss>53492</GainOrLoss>
          <GainsMinusExcessOrLosses>53492</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>50 SHS TARGET CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>1997-10-28</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>3154</GrossSalesPrice>
          <CostOrOtherBasis>711</CostOrOtherBasis>
          <GainOrLoss>2443</GainOrLoss>
          <GainsMinusExcessOrLosses>2443</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>200 SHS TARGET CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>1997-12-23</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>12616</GrossSalesPrice>
          <CostOrOtherBasis>3132</CostOrOtherBasis>
          <GainOrLoss>9484</GainOrLoss>
          <GainsMinusExcessOrLosses>9484</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>50 SHS TARGET CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>1999-01-17</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>3154</GrossSalesPrice>
          <CostOrOtherBasis>1431</CostOrOtherBasis>
          <GainOrLoss>1723</GainOrLoss>
          <GainsMinusExcessOrLosses>1723</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>600 SHS POTASH CORP SASK</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-01-04</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>24221</GrossSalesPrice>
          <CostOrOtherBasis>31224</CostOrOtherBasis>
          <GainOrLoss>-7003</GainOrLoss>
          <GainsMinusExcessOrLosses>-7003</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>100 SHS POTASH CORP SASK</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-03-29</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>4037</GrossSalesPrice>
          <CostOrOtherBasis>5708</CostOrOtherBasis>
          <GainOrLoss>-1671</GainOrLoss>
          <GainsMinusExcessOrLosses>-1671</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>200 SHS CARNIVAL CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-03-29</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>7725</GrossSalesPrice>
          <CostOrOtherBasis>7608</CostOrOtherBasis>
          <GainOrLoss>117</GainOrLoss>
          <GainsMinusExcessOrLosses>117</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>350 SHS NETAPP INC</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-01-04</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>9852</GrossSalesPrice>
          <CostOrOtherBasis>19988</CostOrOtherBasis>
          <GainOrLoss>-10136</GainOrLoss>
          <GainsMinusExcessOrLosses>-10136</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>160 SHS COGNIZANT TECH SOLUTIONS CORP</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-05-03</DateAcquired>
          <DateSold>2012-10-25</DateSold>
          <GrossSalesPrice>10867</GrossSalesPrice>
          <CostOrOtherBasis>12030</CostOrOtherBasis>
          <GainOrLoss>-1163</GainOrLoss>
          <GainsMinusExcessOrLosses>-1163</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>339.27 SHS HUSSMAN STRATEGIC GROWTH FD</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-10-02</DateAcquired>
          <DateSold>2012-11-27</DateSold>
          <GrossSalesPrice>3759</GrossSalesPrice>
          <CostOrOtherBasis>4414</CostOrOtherBasis>
          <GainOrLoss>-655</GainOrLoss>
          <GainsMinusExcessOrLosses>-655</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>2,626.28 SHS HUSSMAN STRATEGIC GROWTH FD</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-11-03</DateAcquired>
          <DateSold>2012-11-27</DateSold>
          <GrossSalesPrice>29099</GrossSalesPrice>
          <CostOrOtherBasis>33984</CostOrOtherBasis>
          <GainOrLoss>-4885</GainOrLoss>
          <GainsMinusExcessOrLosses>-4885</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,991.15 SHS HUSSMAN STRATEGIC GROWTH FD</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-12-03</DateAcquired>
          <DateSold>2012-11-27</DateSold>
          <GrossSalesPrice>22062</GrossSalesPrice>
          <CostOrOtherBasis>25527</CostOrOtherBasis>
          <GainOrLoss>-3465</GainOrLoss>
          <GainsMinusExcessOrLosses>-3465</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,340.37 SHS HUSSMAN STRATEGIC GROWTH FD</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-10-08</DateAcquired>
          <DateSold>2012-11-27</DateSold>
          <GrossSalesPrice>14851</GrossSalesPrice>
          <CostOrOtherBasis>17586</CostOrOtherBasis>
          <GainOrLoss>-2735</GainOrLoss>
          <GainsMinusExcessOrLosses>-2735</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>638.95 SHS HUSSMAN STRATEGIC GROWTH FD</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-11-18</DateAcquired>
          <DateSold>2012-11-27</DateSold>
          <GrossSalesPrice>7080</GrossSalesPrice>
          <CostOrOtherBasis>8223</CostOrOtherBasis>
          <GainOrLoss>-1143</GainOrLoss>
          <GainsMinusExcessOrLosses>-1143</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>500 SHS PROCTER &amp; GAMBLE CO</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-01-17</DateAcquired>
          <DateSold>2012-11-27</DateSold>
          <GrossSalesPrice>34694</GrossSalesPrice>
          <CostOrOtherBasis>34289</CostOrOtherBasis>
          <GainOrLoss>405</GainOrLoss>
          <GainsMinusExcessOrLosses>405</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>415 SHS COOPER INDUSTRIES PLC NEW</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-10-25</DateAcquired>
          <DateSold>2012-11-30</DateSold>
          <GrossSalesPrice>32937</GrossSalesPrice>
          <CostOrOtherBasis>22232</CostOrOtherBasis>
          <GainOrLoss>10705</GainOrLoss>
          <GainsMinusExcessOrLosses>10705</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,035 SHS COOPER INDUSTRIES PLC NEW</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-09-27</DateAcquired>
          <DateSold>2012-11-30</DateSold>
          <GrossSalesPrice>82146</GrossSalesPrice>
          <CostOrOtherBasis>50104</CostOrOtherBasis>
          <GainOrLoss>32042</GainOrLoss>
          <GainsMinusExcessOrLosses>32042</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>KING PHARMACEUTICAL CLASS ACTION SETTLEMENT</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-01-01</DateAcquired>
          <DateSold>2012-12-31</DateSold>
          <GrossSalesPrice>13</GrossSalesPrice>
          <GainOrLoss>13</GainOrLoss>
          <GainsMinusExcessOrLosses>13</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>CAPITAL GAIN DIVIDENDS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <GainOrLoss>1379</GainOrLoss>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>391464</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>442668</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>8336775</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.053098</DistributionRatioYear1>
        <QualifyingDistributionsYear2>408748</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>8021827</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.050954</DistributionRatioYear2>
        <QualifyingDistributionsYear3>316500</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>7124327</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.044425</DistributionRatioYear3>
        <QualifyingDistributionsYear4>449912</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>8618725</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.052202</DistributionRatioYear4>
        <QualifyingDistributionsYear5>450534</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>9917288</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.045429</DistributionRatioYear5>
        <TotalDistributionRatio>0.246108</TotalDistributionRatio>
        <AverageDistributionRatio>0.049222</AverageDistributionRatio>
        <NetNoncharitableAssets>8347667</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>410889</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>5569</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>416458</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>480780</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>5569</InvestmentIncomeExciseTax>
        <Subtotal>5569</Subtotal>
        <TaxBasedOnInvestmentIncome>5569</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>3832</EstTaxPaymentsAndOverpayment>
        <TaxPaidWithExtension>5000</TaxPaidWithExtension>
        <TotalCreditsAndPayments>8832</TotalCreditsAndPayments>
        <Overpayment>3263</Overpayment>
        <AmountCreditedToNextYear>3263</AmountCreditedToNextYear>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>WA</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>FOUNDATION MGMT GROUP LLC</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>2066670300</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>1000 SECOND AVENUE 34TH FLOOR</AddressLine1>
          <City>SEATTLE</City>
          <State>WA</State>
          <ZIPCode>981041022</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>true</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <TrFailToQualifyAsExceptions>false</TrFailToQualifyAsExceptions>
        <MaintExpendResponsibility referenceDocumentId="ExpdturResponbltStmt">true</MaintExpendResponsibility>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ANN P WYCKOFF</PersonName>
          <USAddress>
            <AddressLine1>1000 SECOND AVENUE 34TH FLOOR</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>981041022</ZIPCode>
          </USAddress>
          <Title>Director</Title>
          <AvgHoursPerWkDevotedToPosition>2.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>PAUL L WYCKOFF</PersonName>
          <USAddress>
            <AddressLine1>1000 SECOND AVENUE 34TH FLOOR</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>981041022</ZIPCode>
          </USAddress>
          <Title>treasurer/DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>MARTHA WYCKOFF</PersonName>
          <USAddress>
            <AddressLine1>1000 SECOND AVENUE 34TH FLOOR</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>981041022</ZIPCode>
          </USAddress>
          <Title>director</Title>
          <AvgHoursPerWkDevotedToPosition>2.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>SHEILA WYCKOFF-DICKEY</PersonName>
          <USAddress>
            <AddressLine1>1000 SECOND AVENUE 34TH FLOOR</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>981041022</ZIPCode>
          </USAddress>
          <Title>president/DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>SUSAN WYCKOFF POHL</PersonName>
          <USAddress>
            <AddressLine1>1000 SECOND AVENUE 34TH FLOOR</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>981041022</ZIPCode>
          </USAddress>
          <Title>vice president/DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>2.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>THEILINE WYCKOFF</PersonName>
          <USAddress>
            <AddressLine1>1000 SECOND AVENUE 34TH FLOOR</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>981041022</ZIPCode>
          </USAddress>
          <Title>director</Title>
          <AvgHoursPerWkDevotedToPosition>2.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ALISON WYCKOFF MILLIMAN</PersonName>
          <USAddress>
            <AddressLine1>1000 SECOND AVENUE 34TH FLOOR</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>981041022</ZIPCode>
          </USAddress>
          <Title>director</Title>
          <AvgHoursPerWkDevotedToPosition>2.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>DANIEL ASHER</PersonName>
          <USAddress>
            <AddressLine1>1000 SECOND AVENUE 34TH FLOOR</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>981041022</ZIPCode>
          </USAddress>
          <Title>SECRETARY</Title>
          <AvgHoursPerWkDevotedToPosition>2.0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy />
      <SumOfProgramRelatedInvestments />
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>8216274</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>178044</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>80471</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>8474789</TotalFMVOfUnusedAssets>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>8474789</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>127122</CashDeemedCharitable>
        <NetNoncharitableAssets>8347667</NetNoncharitableAssets>
        <MinimumInvestmentReturn>417383</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>417383</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>5569</TaxBasedOnInvestmentIncome>
        <TotalTax>5569</TotalTax>
        <DistributableAmountBeforeAdj>411814</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>411814</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>411814</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>480780</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <AmountsPaidAcqCharitableAssets>0</AmountsPaidAcqCharitableAssets>
        <AmountsSetAsideSuitabilityTest>0</AmountsSetAsideSuitabilityTest>
        <AmountsSetAsideCashDistriTest>0</AmountsSetAsideCashDistriTest>
        <QualifyingDistributions>480780</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>5569</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>475211</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>411814</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>0</UndistributedIncomePriorYear>
        <PriorYear1>2010</PriorYear1>
        <PriorYear2>2009</PriorYear2>
        <PriorYear3>2008</PriorYear3>
        <ExcessDistriCarryoverYear2>0</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>1436</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>1436</TotalExcessDistriCarryover>
        <QualifyingDistributions>480780</QualifyingDistributions>
        <AppliedToYear1>0</AppliedToYear1>
        <AppliedToCurrentYear>411814</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>68966</RemainingDistriFromCorpus>
        <TotalCorpus>70402</TotalCorpus>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>70402</ExcessDistriCyovToNextYear>
        <ExcessFromYear2>0</ExcessFromYear2>
        <ExcessFromYear1>1436</ExcessFromYear1>
        <ExcessFromCurrentYear>68966</ExcessFromCurrentYear>
      </UndistributedIncome>
      <PrivateOperatingFoundations />
      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>RYAN HILL RESEARCH FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>7023 - 174th ST SE</AddressLine1>
            <City>EDMONDS</City>
            <State>WA</State>
            <ZIPCode>98026</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT FELLOWSHIP PROGRAM IN CLINICAL RESEARCH</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NATIONAL PARKS CONSERVATION ASSOCIATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1200 - 5TH AVENUE SUITE 1925</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98101</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ACT THEATRE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>700 UNION STREET</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98101</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BURKE MUSEUM</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>UNIVERSITY OF WASHINGTON - PO BOX 3</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98195</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SEATTLE CHILDREN'S HOME</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2142 - 10TH AVENUE WEST</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98119</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>RAINIER SCHOLARS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2100 - 24TH STREET SUITE 360</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98144</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PEOPLE FOR PUGET SOUND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>911 WESTERN AVENUE SUITE 580</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98104</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TUFTS UNIVERSITY - SCHOOL OF ENGINEERING</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>200 COLLEGE AVENUE</AddressLine1>
            <City>MEDFORD</City>
            <State>MA</State>
            <ZIPCode>02155</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>FOR SCHOLARSHIPS AND OTHER SUPPORT</PurposeOfGrantOrContribution>
          <Amount>35000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SEATTLE AQUARIUM SOCIETY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1415 WESTERN AVENUE SUITE 500</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98101</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION</PurposeOfGrantOrContribution>
          <Amount>7500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>RECOVERY CAFE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2022 BOREN AVENUE</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98121</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE COMPREHENSIVE CAPITAL CAMPAIGN</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SEATTLE UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 222000</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>981121090</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BULLITT FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1212 MINOR AVENUE</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>981012825</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PRIVATE</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CHIEF SEATTLE CLUB</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>410 - 2ND AVE EXTENSION SOUTH</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98104</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT NATIVE CULTURAL PROGRAM AND GENERAL OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NATIONAL MULTIPLE SCLEROSIS SOCIETY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>192 NICKERSON ST SUITE 100</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98109</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT A FOLLOW-UP TO THE 2011 CLIENT NEEDS ASSESSMENT SURVEY</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NAVOS MENTAL HEALTH SOLUTIONS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2600 SW HOLDEN STREET</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98126</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE PHONE &amp; SECUIRTY SYSTEMS AT THE WELLNESS CENTER IN BURIEN</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SOULUMNIATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5201 - 11TH AVE NW</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98107</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT NEW OFFICE TECHNOLOGY AND BUILDING IMPROVEMENTS</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WOODLAND PARK ZOO</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>601 N 59TH STREET</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98103</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE ASIAN TROPICAL FOREST INITIATIVE</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BAINBRIDGE ISLAND LAND TRUST</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 10144</AddressLine1>
            <City>BAINBRIDGE ISLAND</City>
            <State>WA</State>
            <ZIPCode>98110</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT HILLTOP LAND ACQUISITION PROJECT</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE ARC OF KING COUNTY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>233 SIXTH AVENUE N</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98109</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE ADVOCACY FOR CHANGE TOGETHER PROGRAM</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CLIMATE SOLUTIONS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1402 THIRD AVEUNE SUITE 1305</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98109</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>GREENBANK FARM MANAGEMENT GROUP</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>765 WONN ROAD SUITE A201</AddressLine1>
            <City>GREENBANK</City>
            <State>WA</State>
            <ZIPCode>98253</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE GROWING COMMUNITY PROGRAM</PurposeOfGrantOrContribution>
          <Amount>70000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HABITAT FOR HUMANITY SEATTLE - KING COUNTY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>560 NACHES AVE SW SUITE 110</AddressLine1>
            <City>RENTON</City>
            <State>WA</State>
            <ZIPCode>98057</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE 2012-2013 INTERFAITH BUILD PROJECT</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HAMLIN ROBINSON SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1700 EAST UNION ST</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98122</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE FINANCIAL AID FOR STUDENTS OF COLOR</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MIDDLEBURY COLLEGE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>152 MAPLE STREET MARBLE WORKS SUI</AddressLine1>
            <City>MIDDLEBURY</City>
            <State>VT</State>
            <ZIPCode>05753</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT CONSTRUCTION OF NEW FIELD HOUSE</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>OCEANGATE FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4701 SW ADMIRAL WAY 90</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98116</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT OCEANOGRAPHY EDUCATION IN THE GREATER PUGET SOUND AREA</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PATH WITH ART</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>117 E LOUISA STREET 236</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98102</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE CAPACITY BUILDING PROJECT</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SEATTLE ACADEMY OF ARTS &amp; SCIENCES</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1201 E UNION ST</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98122</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE LEARNING SUPPORT PROGRAM</PurposeOfGrantOrContribution>
          <Amount>4000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TREEHOUSE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2100 - 24TH AVE S SUITE 200</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98144</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE SUPERHERO CHALLENGE POOL</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNIVERSTIY OF WASHINGTON - SCHOOL OF ART</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>EAGLESON HALL BOX 354882</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98195</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT MILLIMAN FUND IN ART HISTORY</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNIVERSITY OF WASHINGTON - DEPT OF ECONOMICS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>EAGLESON HALL BOX 354882</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98195</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE MILLIMAN ENDOWED FUND IN ECONOMICS</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WATER 1ST INTERNATIONAL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1904 - 3RD AVE SUITE 1012</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98104</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>YMCA OF GREATER SEATTLE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>909 FOURTH AVENUE</AddressLine1>
            <City>SEATTLE</City>
            <State>WA</State>
            <ZIPCode>98104</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE PARTNERS WITH YOUTH PROGRAM</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>OPPORTUNITY INTERNATIONAL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2122 YORK ROAD SUITE 150</AddressLine1>
            <City>OAK BROOK</City>
            <State>IL</State>
            <ZIPCode>60523</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>PUBLIC</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>TO SUPPORT THE BETSY WYCKOFF CENTER AT CORAZON CONTENTO IN NICARAGUA</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>459000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <FeesContractsFromGovtAgencies />
        <MembershipDuesAndAssessments />
        <IntOnSavingsAndTempCashInvst />
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>201339</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRentalIncmReDebtFincdProp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty>
          <ExclusionCode>16</ExclusionCode>
          <ExclusionAmount>28246</ExclusionAmount>
        </NetRentalIncmPersonalProperty>
        <OtherInvestmentIncomePartVII />
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>391464</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <NetIncomeLossFromSpecialEvents />
        <GrossProfitLossSalesOfInvntry />
        <OtherRevenueDescribed>
          <Description>ENDOWMENT TEI FUND, L.P. K-1 - OTHER INCOME</Description>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>5</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>621054</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>621054</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <DepreciationSchedule documentId="DepreciationSch" />
    <ExpenditureResponsibilityStmt documentId="ExpdturResponbltStmt">
      <ExpenditureResponsibility>
        <BusinessName>
          <BusinessNameLine1>BULLITT FOUNDATION</BusinessNameLine1>
        </BusinessName>
        <USAddress>
          <AddressLine1>1212 MINOR AVENUE</AddressLine1>
          <City>SEATTLE</City>
          <State>WA</State>
          <ZIPCode>98101</ZIPCode>
        </USAddress>
        <GrantDate>2012-04-02</GrantDate>
        <GrantAmount>5000</GrantAmount>
        <GrantPurpose>TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION</GrantPurpose>
        <AmountExpendedByGrantee>5000</AmountExpendedByGrantee>
        <AnyDiversionByGrantee>NO</AnyDiversionByGrantee>
        <DatesOfReportsByGrantee>SEPTEMBER 30, 2012</DatesOfReportsByGrantee>
        <DateOfVerification>2012-09-30</DateOfVerification>
        <ResultsOfVerification>In April of 2012, the Bullitt Foundation received a grant from the T.E.W Foundation for funding towards the Center for Energy and Urban Ecology which will be located on the bottom floor of the Bullitt Center building. The Center for Energy &amp; Urban Ecology (Private fundraising goal: $1.0 million) Created in partnership with the Cascadia Green Building Council, the International Living Futures Institute, and the University of Washington's Integrated Design Lab, the Center for Energy &amp; Urban Ecology is being developed in partnership with the Cascadia Green Building Council, the International Living Futures Institute, and the University of Washington. It will be staffed by the UW as a learning laboratory for advanced design principles and practices around energy efficiency and sustainability in the built environment. It will provide a place of learning for students, building owners, architects, engineers, and public policy leaders. Philanthropic investments will be used to: -Develop the fi</ResultsOfVerification>
      </ExpenditureResponsibility>
    </ExpenditureResponsibilityStmt>
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorpBonds>
        <NameOfBond>WELLS FARGO #3173</NameOfBond>
        <EOYBookValue>1327506</EOYBookValue>
        <EOYFMV>1327506</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorpStock>
        <NameOfStock>WELLS FARGO #3173</NameOfStock>
        <EOYBookValue>6387061</EOYBookValue>
        <EOYFMV>6387061</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <USGovtSecuritiesEOYBookValue>374143</USGovtSecuritiesEOYBookValue>
      <USGovtSecuritiesEOYFMV>374143</USGovtSecuritiesEOYFMV>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOther>
        <CategoryOrItem>INVEST. IN AUBURN SHOPPING LP</CategoryOrItem>
        <BookValue>64361</BookValue>
        <EOYFMV>64361</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>ENDOWMENT TEI FUND, L.P.</CategoryOrItem>
        <BookValue>174090</BookValue>
        <EOYFMV>174090</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssets>
        <Description>OTHER RECEIVABLES</Description>
        <BOYBookValue>0</BOYBookValue>
        <EOYBookValue>4326</EOYBookValue>
        <EOYFMV>4326</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>PREPAID FEDERAL EXCISE TAX</Description>
        <BOYBookValue>5752</BOYBookValue>
        <EOYBookValue>3832</EOYBookValue>
        <EOYFMV>3832</EOYFMV>
      </OtherAssets>
      <OtherAssets>
        <Description>DIVIDEND RECEIVABLE</Description>
        <BOYBookValue>8556</BOYBookValue>
        <EOYBookValue>11784</EOYBookValue>
        <EOYFMV>11784</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpenses>
        <Description>BROKER AND COMMISSION FEES</Description>
        <RevenueAndExpensesPerBooks>53379</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>53379</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>DUES AND SUBSCRIPTIONS</Description>
        <RevenueAndExpensesPerBooks>1780</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>1780</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>LICENSE FEES</Description>
        <RevenueAndExpensesPerBooks>105</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>105</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INVESTMENT EXPENSES</Description>
        <RevenueAndExpensesPerBooks>1900</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1900</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MEALS AND ENTERTAINMENT</Description>
        <RevenueAndExpensesPerBooks>189</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>95</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncome>
        <Description>ENDOWMENT TEI FUND, L.P.</Description>
        <RevenueAndExpensesPerBooks>5</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>5</NetInvestmentIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSch">
      <OtherIncreases>
        <Description>UNREALIZED GAIN ON SECURITIES</Description>
        <Amount>420028</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="OtherLiabSch">
      <OtherLiabilities>
        <Description>FEDERAL EXCISE TAX PAYABLE</Description>
        <BOYBookValue>3832</BOYBookValue>
        <EOYBookValue>5569</EOYBookValue>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFees>
        <Category>MGMT FEE FOUNDATION MGMT GROUP</Category>
        <Amount>26400</Amount>
        <NetInvestmentIncome>6600</NetInvestmentIncome>
        <DisbursementsCharitablePrps>19800</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>FOREIGN TAX EXPENSE</Category>
        <Amount>2251</Amount>
        <NetInvestmentIncome>2251</NetInvestmentIncome>
      </Taxes>
      <Taxes>
        <Category>FEDERAL EXCISE TAX</Category>
        <Amount>5569</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>