<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2022v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2023-09-06T09:47:18-04:00</ReturnTs>
    <TaxPeriodEndDt>2022-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>440590218</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>SWANSON BERNARD LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>4600 MADISON AVE STE 600</AddressLine1Txt>
        <CityNm>KANSAS CITY</CityNm>
        <StateAbbreviationCd>MO</StateAbbreviationCd>
        <ZIPCd>641123031</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990</ReturnTypeCd>
    <TaxPeriodBeginDt>2022-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>440365680</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>MUSSER-DAVIS LAND COMPANY</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>MUSS</BusinessNameControlTxt>
      <PhoneNum>8164104600</PhoneNum>
      <USAddress>
        <AddressLine1Txt>4600 MADISON SUITE 600</AddressLine1Txt>
        <CityNm>KANSAS CITY</CityNm>
        <StateAbbreviationCd>MO</StateAbbreviationCd>
        <ZIPCd>64112</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>TERRY L JOHNSON</PersonNm>
      <PersonTitleTxt>DIR, PRES.,TRES.</PersonTitleTxt>
      <PhoneNum>8164104600</PhoneNum>
      <SignatureDt>2023-09-01</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>TERRY</PersonFirstNm>
        <PersonLastNm>JOHNSON</PersonLastNm>
      </PersonFullName>
      <SSN>999009999</SSN>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>JONATHAN N DILLY</PreparerPersonNm>
      <PTIN>P01352581</PTIN>
      <PhoneNum>8164104600</PhoneNum>
      <PreparationDt>2023-09-06</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2022</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990 documentId="RetDoc1" referenceDocumentId="RetDoc6">
      <PrincipalOfficerNm>TERRY L JOHNSON</PrincipalOfficerNm>
      <USAddress>
        <AddressLine1Txt>105 JESSUP HALL</AddressLine1Txt>
        <AddressLine2Txt>5 W JEFFERSON ST</AddressLine2Txt>
        <CityNm>IOWA CITY</CityNm>
        <StateAbbreviationCd>IA</StateAbbreviationCd>
        <ZIPCd>52242</ZIPCd>
      </USAddress>
      <GrossReceiptsAmt>2646422</GrossReceiptsAmt>
      <GroupReturnForAffiliatesInd>false</GroupReturnForAffiliatesInd>
      <Organization501c3Ind>X</Organization501c3Ind>
      <WebsiteAddressTxt>NONE</WebsiteAddressTxt>
      <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
      <FormationYr>1916</FormationYr>
      <LegalDomicileStateCd>MO</LegalDomicileStateCd>
      <ActivityOrMissionDesc>THE EXCLUSIVE PURPOSE AND ACTIVITY OF THE ORGANIZATION IS TO COLLECT INCOME FROM ITS INVESTMENTS AND TO DISBURSE THE NET INCOME FOR THE BENEFIT OF THE ORGANIZATION'S SOLE BENEFICIARY, THE COLLEGE OF MEDICINE OF THE UNIVERSITY OF IOWA. ACCORDINGLY, THE SOLE BENEFICIARY OF DISBURSEMENTS IS "AUTOMATICALLY" DETERMINED AND QUALIFIED.</ActivityOrMissionDesc>
      <VotingMembersGoverningBodyCnt>8</VotingMembersGoverningBodyCnt>
      <VotingMembersIndependentCnt>0</VotingMembersIndependentCnt>
      <TotalEmployeeCnt>1</TotalEmployeeCnt>
      <TotalGrossUBIAmt>0</TotalGrossUBIAmt>
      <CYContributionsGrantsAmt>0</CYContributionsGrantsAmt>
      <CYProgramServiceRevenueAmt>0</CYProgramServiceRevenueAmt>
      <PYInvestmentIncomeAmt>462036</PYInvestmentIncomeAmt>
      <CYInvestmentIncomeAmt>661304</CYInvestmentIncomeAmt>
      <PYOtherRevenueAmt>1204059</PYOtherRevenueAmt>
      <CYOtherRevenueAmt>1898149</CYOtherRevenueAmt>
      <PYTotalRevenueAmt>1666095</PYTotalRevenueAmt>
      <CYTotalRevenueAmt>2559453</CYTotalRevenueAmt>
      <PYGrantsAndSimilarPaidAmt>1500000</PYGrantsAndSimilarPaidAmt>
      <CYGrantsAndSimilarPaidAmt>1000000</CYGrantsAndSimilarPaidAmt>
      <CYBenefitsPaidToMembersAmt>0</CYBenefitsPaidToMembersAmt>
      <PYSalariesCompEmpBnftPaidAmt>16037</PYSalariesCompEmpBnftPaidAmt>
      <CYSalariesCompEmpBnftPaidAmt>14875</CYSalariesCompEmpBnftPaidAmt>
      <CYTotalProfFndrsngExpnsAmt>0</CYTotalProfFndrsngExpnsAmt>
      <CYTotalFundraisingExpenseAmt>0</CYTotalFundraisingExpenseAmt>
      <PYOtherExpensesAmt>403898</PYOtherExpensesAmt>
      <CYOtherExpensesAmt>464910</CYOtherExpensesAmt>
      <PYTotalExpensesAmt>1919935</PYTotalExpensesAmt>
      <CYTotalExpensesAmt>1479785</CYTotalExpensesAmt>
      <PYRevenuesLessExpensesAmt>-253840</PYRevenuesLessExpensesAmt>
      <CYRevenuesLessExpensesAmt>1079668</CYRevenuesLessExpensesAmt>
      <TotalAssetsBOYAmt>17498776</TotalAssetsBOYAmt>
      <TotalAssetsEOYAmt>18578444</TotalAssetsEOYAmt>
      <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
      <NetAssetsOrFundBalancesBOYAmt>17498776</NetAssetsOrFundBalancesBOYAmt>
      <NetAssetsOrFundBalancesEOYAmt>18578444</NetAssetsOrFundBalancesEOYAmt>
      <InfoInScheduleOPartIIIInd>X</InfoInScheduleOPartIIIInd>
      <MissionDesc>THE EXCLUSIVE PURPOSE AND ACTIVITY OF THE ORGANIZATION IS TO COLLECT INCOME FROM ITS INVESTMENTS AND TO DISBURSE THE NET INCOME FOR THE BENEFIT OF THE ORGANIZATION'S SOLE BENEFICIARY, THE COLLEGE OF MEDICINE OF THE UNIVERSITY OF IOWA. ACCORDINGLY, THE SOLE BENEFICIARY OF DISBURSEMENTS IS "AUTOMATICALLY" DETERMINED AND QUALIFIED.</MissionDesc>
      <SignificantNewProgramSrvcInd>false</SignificantNewProgramSrvcInd>
      <SignificantChangeInd>false</SignificantChangeInd>
      <Desc>SEE 4.D.</Desc>
      <ProgSrvcAccomActyOtherGrp>
        <ExpenseAmt>1000000</ExpenseAmt>
        <GrantAmt>1000000</GrantAmt>
        <Desc>COLLEGE OF MEDICINE</Desc>
      </ProgSrvcAccomActyOtherGrp>
      <TotalOtherProgSrvcExpenseAmt>1000000</TotalOtherProgSrvcExpenseAmt>
      <TotalOtherProgSrvcGrantAmt>1000000</TotalOtherProgSrvcGrantAmt>
      <TotalProgramServiceExpensesAmt>1000000</TotalProgramServiceExpensesAmt>
      <DescribedInSection501c3Ind referenceDocumentId="RetDoc8">true</DescribedInSection501c3Ind>
      <ScheduleBRequiredInd>false</ScheduleBRequiredInd>
      <PoliticalCampaignActyInd>false</PoliticalCampaignActyInd>
      <LobbyingActivitiesInd>false</LobbyingActivitiesInd>
      <SubjectToProxyTaxInd>false</SubjectToProxyTaxInd>
      <DonorAdvisedFundInd referenceDocumentId="RetDoc2">false</DonorAdvisedFundInd>
      <ConservationEasementsInd referenceDocumentId="RetDoc2">false</ConservationEasementsInd>
      <CollectionsOfArtInd referenceDocumentId="RetDoc2">false</CollectionsOfArtInd>
      <CreditCounselingInd referenceDocumentId="RetDoc2">false</CreditCounselingInd>
      <DonorRstrOrQuasiEndowmentsInd referenceDocumentId="RetDoc2">true</DonorRstrOrQuasiEndowmentsInd>
      <ReportLandBuildingEquipmentInd referenceDocumentId="RetDoc2">true</ReportLandBuildingEquipmentInd>
      <ReportInvestmentsOtherSecInd referenceDocumentId="RetDoc2">false</ReportInvestmentsOtherSecInd>
      <ReportProgramRelatedInvstInd referenceDocumentId="RetDoc2">false</ReportProgramRelatedInvstInd>
      <ReportOtherAssetsInd referenceDocumentId="RetDoc2">false</ReportOtherAssetsInd>
      <ReportOtherLiabilitiesInd referenceDocumentId="RetDoc2">false</ReportOtherLiabilitiesInd>
      <IncludeFIN48FootnoteInd referenceDocumentId="RetDoc2">false</IncludeFIN48FootnoteInd>
      <IndependentAuditFinclStmtInd referenceDocumentId="RetDoc2">true</IndependentAuditFinclStmtInd>
      <ConsolidatedAuditFinclStmtInd referenceDocumentId="RetDoc2">false</ConsolidatedAuditFinclStmtInd>
      <SchoolOperatingInd>false</SchoolOperatingInd>
      <ForeignOfficeInd>false</ForeignOfficeInd>
      <ForeignActivitiesInd>false</ForeignActivitiesInd>
      <MoreThan5000KToOrgInd>false</MoreThan5000KToOrgInd>
      <MoreThan5000KToIndividualsInd>false</MoreThan5000KToIndividualsInd>
      <ProfessionalFundraisingInd>false</ProfessionalFundraisingInd>
      <FundraisingActivitiesInd>false</FundraisingActivitiesInd>
      <GamingActivitiesInd>false</GamingActivitiesInd>
      <OperateHospitalInd>false</OperateHospitalInd>
      <GrantsToOrganizationsInd referenceDocumentId="RetDoc3">true</GrantsToOrganizationsInd>
      <GrantsToIndividualsInd referenceDocumentId="RetDoc3">false</GrantsToIndividualsInd>
      <ScheduleJRequiredInd referenceDocumentId="RetDoc4">true</ScheduleJRequiredInd>
      <TaxExemptBondsInd>false</TaxExemptBondsInd>
      <EngagedInExcessBenefitTransInd referenceDocumentId="RetDoc5">false</EngagedInExcessBenefitTransInd>
      <PYExcessBenefitTransInd referenceDocumentId="RetDoc5">false</PYExcessBenefitTransInd>
      <LoanOutstandingInd referenceDocumentId="RetDoc5">false</LoanOutstandingInd>
      <GrantToRelatedPersonInd referenceDocumentId="RetDoc5">false</GrantToRelatedPersonInd>
      <BusinessRlnWithOrgMemInd referenceDocumentId="RetDoc5">true</BusinessRlnWithOrgMemInd>
      <BusinessRlnWithFamMemInd referenceDocumentId="RetDoc5">false</BusinessRlnWithFamMemInd>
      <BusinessRlnWith35CtrlEntInd referenceDocumentId="RetDoc5">false</BusinessRlnWith35CtrlEntInd>
      <DeductibleNonCashContriInd>false</DeductibleNonCashContriInd>
      <DeductibleArtContributionInd>false</DeductibleArtContributionInd>
      <TerminateOperationsInd>false</TerminateOperationsInd>
      <PartialLiquidationInd>false</PartialLiquidationInd>
      <DisregardedEntityInd referenceDocumentId="RetDoc7">false</DisregardedEntityInd>
      <RelatedEntityInd referenceDocumentId="RetDoc7">true</RelatedEntityInd>
      <RelatedOrganizationCtrlEntInd>false</RelatedOrganizationCtrlEntInd>
      <TrnsfrExmptNonChrtblRltdOrgInd referenceDocumentId="RetDoc7">false</TrnsfrExmptNonChrtblRltdOrgInd>
      <ActivitiesConductedPrtshpInd referenceDocumentId="RetDoc7">false</ActivitiesConductedPrtshpInd>
      <ScheduleORequiredInd>true</ScheduleORequiredInd>
      <InfoInScheduleOPartVInd>X</InfoInScheduleOPartVInd>
      <IRPDocumentCnt>3</IRPDocumentCnt>
      <IRPDocumentW2GCnt>0</IRPDocumentW2GCnt>
      <EmployeeCnt>1</EmployeeCnt>
      <EmploymentTaxReturnsFiledInd>true</EmploymentTaxReturnsFiledInd>
      <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
      <ForeignFinancialAccountInd>false</ForeignFinancialAccountInd>
      <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      <TaxablePartyNotificationInd>false</TaxablePartyNotificationInd>
      <NondeductibleContributionsInd>false</NondeductibleContributionsInd>
      <QuidProQuoContributionsInd>false</QuidProQuoContributionsInd>
      <Form8282PropertyDisposedOfInd>false</Form8282PropertyDisposedOfInd>
      <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
      <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
      <Form8899Filedind>false</Form8899Filedind>
      <Form1098CFiledInd>false</Form1098CFiledInd>
      <IndoorTanningServicesInd>false</IndoorTanningServicesInd>
      <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      <SubjectToExcsTaxNetInvstIncInd>false</SubjectToExcsTaxNetInvstIncInd>
      <InfoInScheduleOPartVIInd>X</InfoInScheduleOPartVIInd>
      <GoverningBodyVotingMembersCnt>8</GoverningBodyVotingMembersCnt>
      <IndependentVotingMemberCnt>0</IndependentVotingMemberCnt>
      <FamilyOrBusinessRlnInd>true</FamilyOrBusinessRlnInd>
      <DelegationOfMgmtDutiesInd>true</DelegationOfMgmtDutiesInd>
      <ChangeToOrgDocumentsInd>false</ChangeToOrgDocumentsInd>
      <MaterialDiversionOrMisuseInd>false</MaterialDiversionOrMisuseInd>
      <MembersOrStockholdersInd>true</MembersOrStockholdersInd>
      <ElectionOfBoardMembersInd>true</ElectionOfBoardMembersInd>
      <DecisionsSubjectToApprovaInd>false</DecisionsSubjectToApprovaInd>
      <MinutesOfGoverningBodyInd>true</MinutesOfGoverningBodyInd>
      <MinutesOfCommitteesInd>true</MinutesOfCommitteesInd>
      <OfficerMailingAddressInd>false</OfficerMailingAddressInd>
      <LocalChaptersInd>false</LocalChaptersInd>
      <Form990ProvidedToGvrnBodyInd>false</Form990ProvidedToGvrnBodyInd>
      <ConflictOfInterestPolicyInd>false</ConflictOfInterestPolicyInd>
      <WhistleblowerPolicyInd>false</WhistleblowerPolicyInd>
      <DocumentRetentionPolicyInd>false</DocumentRetentionPolicyInd>
      <CompensationProcessCEOInd>false</CompensationProcessCEOInd>
      <CompensationProcessOtherInd>false</CompensationProcessOtherInd>
      <InvestmentInJointVentureInd>false</InvestmentInJointVentureInd>
      <UponRequestInd>X</UponRequestInd>
      <BooksInCareOfDetail>
        <PersonNm>TERRY L JOHNSON</PersonNm>
        <PhoneNum>8164104600</PhoneNum>
        <USAddress>
          <AddressLine1Txt>105 JESSUP HALL</AddressLine1Txt>
          <AddressLine2Txt>5 W JEFFERSON ST</AddressLine2Txt>
          <CityNm>IOWA CITY</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52242</ZIPCd>
        </USAddress>
      </BooksInCareOfDetail>
      <Form990PartVIISectionAGrp>
        <PersonNm>J BROOKS JACKSON</PersonNm>
        <TitleTxt>DIR</TitleTxt>
        <AverageHoursPerWeekRltdOrgRt>40.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>1277995</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>69212</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>MARK HENRICHS</PersonNm>
        <TitleTxt>DIR</TitleTxt>
        <AverageHoursPerWeekRltdOrgRt>40.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>845658</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>63112</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>CAROLL REASONER</PersonNm>
        <TitleTxt>DIR., VP</TitleTxt>
        <AverageHoursPerWeekRltdOrgRt>40.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>390548</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>127880</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>TERRY L JOHNSON</PersonNm>
        <TitleTxt>DIR, PRES.,T</TitleTxt>
        <AverageHoursPerWeekRltdOrgRt>40.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>364735</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>55308</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>RODNEY LEHNERTZ</PersonNm>
        <TitleTxt>DIR., CHR.</TitleTxt>
        <AverageHoursPerWeekRltdOrgRt>40.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>346317</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>60940</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JASON HADDY</PersonNm>
        <TitleTxt>DIR</TitleTxt>
        <AverageHoursPerWeekRltdOrgRt>40.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>320843</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>55676</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>SUSAN KLATT</PersonNm>
        <TitleTxt>DIR</TitleTxt>
        <AverageHoursPerWeekRltdOrgRt>40.00</AverageHoursPerWeekRltdOrgRt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>268937</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>39733</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>DAVID KIEFT</PersonNm>
        <TitleTxt>ASST TR</TitleTxt>
        <AverageHoursPerWeekRltdOrgRt>40.00</AverageHoursPerWeekRltdOrgRt>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>182209</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>29665</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <Form990PartVIISectionAGrp>
        <PersonNm>JONATHAN DILLY</PersonNm>
        <TitleTxt>DIR., SEC</TitleTxt>
        <IndividualTrusteeOrDirectorInd>X</IndividualTrusteeOrDirectorInd>
        <OfficerInd>X</OfficerInd>
        <ReportableCompFromOrgAmt>0</ReportableCompFromOrgAmt>
        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
        <OtherCompensationAmt>0</OtherCompensationAmt>
      </Form990PartVIISectionAGrp>
      <TotReportableCompRltdOrgAmt>3997242</TotReportableCompRltdOrgAmt>
      <TotalOtherCompensationAmt>501526</TotalOtherCompensationAmt>
      <FormerOfcrEmployeesListedInd>false</FormerOfcrEmployeesListedInd>
      <TotalCompGreaterThan150KInd>true</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>false</CompensationFromOtherSrcsInd>
      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>LARSON &amp; MCGOWIN LLC</BusinessNameLine1Txt>
          </BusinessName>
        </ContractorName>
        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>10 N FLORIDA STREET</AddressLine1Txt>
            <CityNm>MOBILE</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>36607</ZIPCd>
          </USAddress>
        </ContractorAddress>
        <ServicesDesc>FORESTRY MGMT</ServicesDesc>
        <CompensationAmt>109184</CompensationAmt>
      </ContractorCompensationGrp>
      <CntrctRcvdGreaterThan100KCnt>1</CntrctRcvdGreaterThan100KCnt>
      <InvestmentIncomeGrp>
        <TotalRevenueColumnAmt>242705</TotalRevenueColumnAmt>
        <ExclusionAmt>242705</ExclusionAmt>
      </InvestmentIncomeGrp>
      <RoyaltiesRevenueGrp>
        <TotalRevenueColumnAmt>1669845</TotalRevenueColumnAmt>
        <ExclusionAmt>1669845</ExclusionAmt>
      </RoyaltiesRevenueGrp>
      <GrossAmountSalesAssetsGrp>
        <SecuritiesAmt>24454</SecuritiesAmt>
        <OtherAmt>481114</OtherAmt>
      </GrossAmountSalesAssetsGrp>
      <LessCostOthBasisSalesExpnssGrp>
        <OtherAmt>86969</OtherAmt>
      </LessCostOthBasisSalesExpnssGrp>
      <GainOrLossGrp>
        <SecuritiesAmt>24454</SecuritiesAmt>
        <OtherAmt>394145</OtherAmt>
      </GainOrLossGrp>
      <NetGainOrLossInvestmentsGrp>
        <TotalRevenueColumnAmt>418599</TotalRevenueColumnAmt>
        <ExclusionAmt>418599</ExclusionAmt>
      </NetGainOrLossInvestmentsGrp>
      <OtherRevenueMiscGrp>
        <Desc>MINERAL, SURFACE, OTHER LEASE</Desc>
        <TotalRevenueColumnAmt>228304</TotalRevenueColumnAmt>
        <ExclusionAmt>228304</ExclusionAmt>
      </OtherRevenueMiscGrp>
      <OtherRevenueTotalAmt>228304</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>2559453</TotalRevenueColumnAmt>
        <ExclusionAmt>2559453</ExclusionAmt>
      </TotalRevenueGrp>
      <GrantsToDomesticOrgsGrp>
        <TotalAmt>1000000</TotalAmt>
        <ProgramServicesAmt>1000000</ProgramServicesAmt>
      </GrantsToDomesticOrgsGrp>
      <OtherSalariesAndWagesGrp>
        <TotalAmt>9450</TotalAmt>
        <ManagementAndGeneralAmt>9450</ManagementAndGeneralAmt>
      </OtherSalariesAndWagesGrp>
      <PensionPlanContributionsGrp>
        <TotalAmt>945</TotalAmt>
        <ManagementAndGeneralAmt>945</ManagementAndGeneralAmt>
      </PensionPlanContributionsGrp>
      <OtherEmployeeBenefitsGrp>
        <TotalAmt>3757</TotalAmt>
        <ManagementAndGeneralAmt>3757</ManagementAndGeneralAmt>
      </OtherEmployeeBenefitsGrp>
      <PayrollTaxesGrp>
        <TotalAmt>723</TotalAmt>
        <ManagementAndGeneralAmt>723</ManagementAndGeneralAmt>
      </PayrollTaxesGrp>
      <FeesForServicesManagementGrp>
        <TotalAmt>117599</TotalAmt>
        <ManagementAndGeneralAmt>117599</ManagementAndGeneralAmt>
      </FeesForServicesManagementGrp>
      <FeesForServicesLegalGrp>
        <TotalAmt>14833</TotalAmt>
        <ManagementAndGeneralAmt>14833</ManagementAndGeneralAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>18300</TotalAmt>
        <ManagementAndGeneralAmt>18300</ManagementAndGeneralAmt>
      </FeesForServicesAccountingGrp>
      <FeesForServicesOtherGrp>
        <TotalAmt>51</TotalAmt>
        <ManagementAndGeneralAmt>51</ManagementAndGeneralAmt>
      </FeesForServicesOtherGrp>
      <OfficeExpensesGrp>
        <TotalAmt>162</TotalAmt>
        <ManagementAndGeneralAmt>162</ManagementAndGeneralAmt>
      </OfficeExpensesGrp>
      <InsuranceGrp>
        <TotalAmt>34745</TotalAmt>
        <ManagementAndGeneralAmt>34745</ManagementAndGeneralAmt>
      </InsuranceGrp>
      <OtherExpensesGrp>
        <Desc>LOUISIANA SEV. TAX - OIL</Desc>
        <TotalAmt>155863</TotalAmt>
        <ManagementAndGeneralAmt>155863</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>LA - LAND RE TAX</Desc>
        <TotalAmt>53288</TotalAmt>
        <ManagementAndGeneralAmt>53288</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>LOUISIANA SEV. TAX - GAS</Desc>
        <TotalAmt>35787</TotalAmt>
        <ManagementAndGeneralAmt>35787</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>REPAIRS AND MAINTENANCE</Desc>
        <TotalAmt>34282</TotalAmt>
        <ManagementAndGeneralAmt>34282</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>1479785</TotalAmt>
        <ProgramServicesAmt>1000000</ProgramServicesAmt>
        <ManagementAndGeneralAmt>479785</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <CashNonInterestBearingGrp>
        <BOYAmt>244347</BOYAmt>
        <EOYAmt>188566</EOYAmt>
      </CashNonInterestBearingGrp>
      <LandBldgEquipCostOrOtherBssAmt>1747899</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>1788722</BOYAmt>
        <EOYAmt>1747899</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <InvestmentsPubTradedSecGrp>
        <BOYAmt>15465707</BOYAmt>
        <EOYAmt>16641979</EOYAmt>
      </InvestmentsPubTradedSecGrp>
      <TotalAssetsGrp>
        <BOYAmt>17498776</BOYAmt>
        <EOYAmt>18578444</EOYAmt>
      </TotalAssetsGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>0</BOYAmt>
        <EOYAmt>0</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
      <CapStkTrPrinCurrentFundsGrp>
        <BOYAmt>57900</BOYAmt>
        <EOYAmt>57900</EOYAmt>
      </CapStkTrPrinCurrentFundsGrp>
      <RtnEarnEndowmentIncmOthFndsGrp>
        <BOYAmt>17440876</BOYAmt>
        <EOYAmt>18520544</EOYAmt>
      </RtnEarnEndowmentIncmOthFndsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>17498776</BOYAmt>
        <EOYAmt>18578444</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>17498776</BOYAmt>
        <EOYAmt>18578444</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>1079668</ReconcilationRevenueExpnssAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AccountantCompileOrReviewInd>true</AccountantCompileOrReviewInd>
      <AcctCompileOrReviewBasisGrp>
        <ConsolAndSepBasisFinclStmtInd>X</ConsolAndSepBasisFinclStmtInd>
      </AcctCompileOrReviewBasisGrp>
      <FSAuditedInd>true</FSAuditedInd>
      <FSAuditedBasisGrp>
        <ConsolAndSepBasisFinclStmtInd>X</ConsolAndSepBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>false</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc8">
      <SupportingOrganization509a3Ind>X</SupportingOrganization509a3Ind>
      <SupportingOrgType1Ind>X</SupportingOrgType1Ind>
      <SupportedOrganizationsCnt>1</SupportedOrganizationsCnt>
      <SupportedOrgInformationGrp>
        <SupportedOrganizationName>
          <BusinessNameLine1Txt>UNIVERSITY OF IOWA</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>COLLEGE OF MEDICINE</BusinessNameLine2Txt>
        </SupportedOrganizationName>
        <EIN>426004813</EIN>
        <OrganizationTypeCd>2</OrganizationTypeCd>
        <GoverningDocumentListedInd>true</GoverningDocumentListedInd>
        <SupportAmt>1000000</SupportAmt>
        <OtherSupportAmt>0</OtherSupportAmt>
      </SupportedOrgInformationGrp>
      <SupportedOrganizationsTotalCnt>1</SupportedOrganizationsTotalCnt>
      <SupportSumAmt>1000000</SupportSumAmt>
      <OtherSupportSumAmt>0</OtherSupportSumAmt>
      <Form990SchASupportingOrgGrp>
        <ListedByNameGoverningDocInd>true</ListedByNameGoverningDocInd>
        <SuprtOrgNoIRSDeterminationInd>false</SuprtOrgNoIRSDeterminationInd>
        <SupportedOrgSectionC456Ind>false</SupportedOrgSectionC456Ind>
        <SupportedOrgNotOrganizedUSInd>false</SupportedOrgNotOrganizedUSInd>
        <OrganizationChangeSuprtOrgInd>false</OrganizationChangeSuprtOrgInd>
        <SupportNonSupportedOrgInd>false</SupportNonSupportedOrgInd>
        <PaymentSubstantialContribtrInd>false</PaymentSubstantialContribtrInd>
        <LoanDisqualifiedPersonInd>false</LoanDisqualifiedPersonInd>
        <ControlledDisqualifiedPrsnInd>false</ControlledDisqualifiedPrsnInd>
        <DisqualifiedPrsnControllIntInd>false</DisqualifiedPrsnControllIntInd>
        <DisqualifiedPrsnOwnrIntInd>false</DisqualifiedPrsnOwnrIntInd>
        <ExcessBusinessHoldingsRulesInd>false</ExcessBusinessHoldingsRulesInd>
        <ContributionControllerInd>false</ContributionControllerInd>
        <ContributionFamilyInd>false</ContributionFamilyInd>
        <Contribution35ControlledInd>false</Contribution35ControlledInd>
      </Form990SchASupportingOrgGrp>
      <Form990SchAType1SuprtOrgGrp>
        <PowerAppointMajorityDirTrstInd>true</PowerAppointMajorityDirTrstInd>
        <OperateBenefitNonSuprtOrgInd>false</OperateBenefitNonSuprtOrgInd>
      </Form990SchAType1SuprtOrgGrp>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc2">
      <CYEndwmtFundGrp>
        <BeginningYearBalanceAmt>15465707</BeginningYearBalanceAmt>
        <ContributionsAmt>1909121</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>389904</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>1000000</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>122753</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>16641979</EndYearBalanceAmt>
      </CYEndwmtFundGrp>
      <CYMinus1YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>15861155</BeginningYearBalanceAmt>
        <ContributionsAmt>642531</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>582079</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>1500000</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>120058</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>15465707</EndYearBalanceAmt>
      </CYMinus1YrEndwmtFundGrp>
      <CYMinus2YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>16505823</BeginningYearBalanceAmt>
        <ContributionsAmt>736170</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>714875</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>2000000</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>95713</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>15861155</EndYearBalanceAmt>
      </CYMinus2YrEndwmtFundGrp>
      <CYMinus3YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>16081346</BeginningYearBalanceAmt>
        <ContributionsAmt>2061613</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>452513</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>2000000</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>89649</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>16505823</EndYearBalanceAmt>
      </CYMinus3YrEndwmtFundGrp>
      <CYMinus4YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>16051234</BeginningYearBalanceAmt>
        <ContributionsAmt>1767893</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>662221</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>2400000</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>70825</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>16081346</EndYearBalanceAmt>
      </CYMinus4YrEndwmtFundGrp>
      <PrmnntEndowmentBalanceEOYPct>1.00000</PrmnntEndowmentBalanceEOYPct>
      <EndowmentsHeldUnrelatedOrgInd>false</EndowmentsHeldUnrelatedOrgInd>
      <EndowmentsHeldRelatedOrgInd>true</EndowmentsHeldRelatedOrgInd>
      <RelatedOrgListSchRInd>true</RelatedOrgListSchRInd>
      <LandGrp>
        <OtherCostOrOtherBasisAmt>1747899</OtherCostOrOtherBasisAmt>
        <BookValueAmt>1747899</BookValueAmt>
      </LandGrp>
      <TotalBookValueLandBuildingsAmt>1747899</TotalBookValueLandBuildingsAmt>
      <TotalRevEtcAuditedFinclStmtAmt>2559453</TotalRevEtcAuditedFinclStmtAmt>
      <RevenueSubtotalAmt>2559453</RevenueSubtotalAmt>
      <TotalRevenuePerForm990Amt>2559453</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>1479785</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>1479785</ExpensesSubtotalAmt>
      <TotalExpensesPerForm990Amt>1479785</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 2, PART V, LINE 4</FormAndLineReferenceDesc>
        <ExplanationTxt>FOR THE BENEFIT OF THE COLLEGE OF MEDICINE OF THE UNIVERSITY OF IOWA</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc3">
      <GrantRecordsMaintainedInd>false</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>UNIVERSITY OF IOWA</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>120 UNIVERSITY BUILDING</AddressLine1Txt>
          <CityNm>IOWA CITY</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52242</ZIPCd>
        </USAddress>
        <RecipientEIN>426004813</RecipientEIN>
        <CashGrantAmt>1000000</CashGrantAmt>
        <PurposeOfGrantTxt>VARIOUS FUNDING</PurposeOfGrantTxt>
      </RecipientTable>
      <Total501c3OrgCnt>1</Total501c3OrgCnt>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc4">
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>J BROOKS JACKSON</PersonNm>
        <TitleTxt>DIR</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>1066488</CompensationBasedOnRltdOrgsAmt>
        <BonusRelatedOrganizationsAmt>203698</BonusRelatedOrganizationsAmt>
        <OtherCompensationRltdOrgsAmt>7809</OtherCompensationRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>30340</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>38872</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>1347207</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MARK HENRICHS</PersonNm>
        <TitleTxt>DIR</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>665165</CompensationBasedOnRltdOrgsAmt>
        <BonusRelatedOrganizationsAmt>176426</BonusRelatedOrganizationsAmt>
        <OtherCompensationRltdOrgsAmt>4067</OtherCompensationRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>30500</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>32612</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>908770</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>CAROLL REASONER</PersonNm>
        <TitleTxt>DIR., VP</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>388248</CompensationBasedOnRltdOrgsAmt>
        <BonusRelatedOrganizationsAmt>1000</BonusRelatedOrganizationsAmt>
        <OtherCompensationRltdOrgsAmt>1300</OtherCompensationRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>30610</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>97270</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>518428</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>TERRY L JOHNSON</PersonNm>
        <TitleTxt>DIR, PRES.,TRES.</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>351957</CompensationBasedOnRltdOrgsAmt>
        <BonusRelatedOrganizationsAmt>4500</BonusRelatedOrganizationsAmt>
        <OtherCompensationRltdOrgsAmt>8278</OtherCompensationRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>35196</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>20112</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>420043</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>RODNEY LEHNERTZ</PersonNm>
        <TitleTxt>DIR., CHR.</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>339297</CompensationBasedOnRltdOrgsAmt>
        <BonusRelatedOrganizationsAmt>300</BonusRelatedOrganizationsAmt>
        <OtherCompensationRltdOrgsAmt>6720</OtherCompensationRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>34257</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>26683</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>407257</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>JASON HADDY</PersonNm>
        <TitleTxt>DIR</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>280338</CompensationBasedOnRltdOrgsAmt>
        <BonusRelatedOrganizationsAmt>37433</BonusRelatedOrganizationsAmt>
        <OtherCompensationRltdOrgsAmt>3072</OtherCompensationRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>27815</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>27861</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>376519</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>SUSAN KLATT</PersonNm>
        <TitleTxt>DIR</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>262877</CompensationBasedOnRltdOrgsAmt>
        <BonusRelatedOrganizationsAmt>4500</BonusRelatedOrganizationsAmt>
        <OtherCompensationRltdOrgsAmt>1560</OtherCompensationRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>25948</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>13785</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>308670</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>DAVID KIEFT</PersonNm>
        <TitleTxt>ASST TR</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>176149</CompensationBasedOnRltdOrgsAmt>
        <BonusRelatedOrganizationsAmt>4500</BonusRelatedOrganizationsAmt>
        <OtherCompensationRltdOrgsAmt>1560</OtherCompensationRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>17520</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>12145</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>211874</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleL documentId="RetDoc5">
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>JONATHAN DILLY</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>DIR; SEC</RelationshipDescriptionTxt>
        <TransactionDesc>LEGAL FEES</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE L, PART V</FormAndLineReferenceDesc>
        <ExplanationTxt>LEGAL FEES WERE PAID TO SWANSON BERNARD, LLC ("LAW FIRM") IN THE TOTAL AMOUNT OF 14,832. THE INTERESTED PERSON IS A MEMBER OF THE LAW FIRM.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc6">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXCLUSIVE PURPOSE AND ACTIVITY OF THE ORGANIZATION IS TO COLLECT INCOME FROM ITS INVESTMENTS AND TO DISBURSE THE NET INCOME FOR THE BENEFIT OF THE ORGANIZATION'S SOLE BENEFICIARY, THE COLLEGE OF MEDICINE OF THE UNIVERSITY OF IOWA. ACCORDINGLY, THE SOLE BENEFICIARY OF DISBURSEMENTS IS "AUTOMATICALLY" DETERMINED AND QUALIFIED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>COLLEGE OF MEDICINE</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART V</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL OFFICERS AND DIRECTORS, WITH THE EXCEPTION OF JAMES MUELLER AND JONATHAN DILLY, ARE EMPLOYEES OF THE UNIVERSITY OF IOWA. JAMES MUELLER AND JONATHAN DILLY ARE MEMBERS OF THE LAW FIRM, SWANSON BERNARD, LLC.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>SEE SCHEDULE O</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION CONTRACTED WITH LARSON &amp; MCGOWIN, LLC TO SUPERVISE AND MANAGE THE ORGANIZATION'S TIMBER OPERATIONS. NONE OF THE ORGANIZATION'S CURRENT OR FORMER OFFICERS, DIRECTORS, KEY EMPLOYEES OR HIGHEST COMPENSATED EMPLOYEES WERE, OR WILL, BE COMPENSATED BY LARSON &amp; MCGOWIN, LLC.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE UNIVERSITY OF IOWA IS THE SOLE SHAREHOLDER</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE UNIVERSITY OF IOWA, THE SOLE SHAREHOLDER, ELECTS THE DIRECTORS</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>NO REVIEW WAS OR WILL BE CONDUCTED OTHER THAN BY OFFICERS AND DIRECTORS OF THE ORGANIZATION</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>UPON REQUEST</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc7">
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>UNIVERSITY OF IOWA</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>120 UNIVERSITY SERVICES BUILDING</AddressLine1Txt>
          <CityNm>IOWA CITY</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52242</ZIPCd>
        </USAddress>
        <EIN>426004813</EIN>
        <PrimaryActivitiesTxt>STATE UNIV</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>IA</LegalDomicileStateCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>UNIVERSITY OF IOWA RESEARCH FND</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>2660 UNIVERSITY CAPITOL CENTRE</AddressLine1Txt>
          <CityNm>IOWA CITY</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52242</ZIPCd>
        </USAddress>
        <EIN>237436761</EIN>
        <PrimaryActivitiesTxt>RESEARCH</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>IA</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501C3</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>12A</PublicCharityStatusTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>UNIV IOWA</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>IOWA MEASUREMENT RESEARCH FND</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>334 LINDQUIST CENTER</AddressLine1Txt>
          <CityNm>IOWA CITY</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52242</ZIPCd>
        </USAddress>
        <EIN>420791544</EIN>
        <PrimaryActivitiesTxt>GRANTS UI</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>IA</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501C3</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>12A</PublicCharityStatusTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>UNIV IOWA</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>UNIVERSITY OF IOWA RESEARCH PARK CO</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>2500 CROSSPARK RD</AddressLine1Txt>
          <CityNm>CORALVILLE</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52241</ZIPCd>
        </USAddress>
        <EIN>421333324</EIN>
        <PrimaryActivitiesTxt>RESEARCH</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>IA</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501C2</ExemptCodeSectionTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>UNIV IOWA</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>UNIVERSITY OF IOWA STRAT IN FUND</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>5 W JEFFERSON STREET</AddressLine1Txt>
          <CityNm>IOWA CITY</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>522421316</ZIPCd>
        </USAddress>
        <EIN>844628214</EIN>
        <PrimaryActivitiesTxt>UI SUPPORT</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>IA</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501C3</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>12A</PublicCharityStatusTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>UNIV IOWA</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>ENCOMPASS HEALTH REHAB</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>2450 CORAL CT</AddressLine1Txt>
          <CityNm>CORALVILLE</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52241</ZIPCd>
        </USAddress>
        <EIN>831261306</EIN>
        <PrimaryActivitiesTxt>REHAB HOSP</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <DisproportionateAllocationsInd>false</DisproportionateAllocationsInd>
        <GeneralOrManagingPartnerInd>false</GeneralOrManagingPartnerInd>
      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>UNIVERSITY OF IA HEALTH SYSTEM</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>1349 JCP UI HOSP</AddressLine1Txt>
          <CityNm>IOWA CITY</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52242</ZIPCd>
        </USAddress>
        <EIN>421431503</EIN>
        <PrimaryActivitiesTxt>MEDSERVICE</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>IA</LegalDomicileStateCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <EntityTypeTxt>C CORP</EntityTypeTxt>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>IOWA MEDICAL MUTUAL INS CO</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>312 COLLEGE OF MEDICINE ADMIN BLDG</AddressLine1Txt>
          <CityNm>IOWA CITY</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52242</ZIPCd>
        </USAddress>
        <EIN>020709298</EIN>
        <PrimaryActivitiesTxt>MALPRAC IN</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>IA</LegalDomicileStateCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <EntityTypeTxt>C CORP</EntityTypeTxt>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>false</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>true</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>false</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>false</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>false</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>false</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>false</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>false</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>true</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>false</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>false</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>false</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>false</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>UNIVERSITY OF IOWA</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>COLLEGE OF MEDICINE</BusinessNameLine2Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>B</TransactionTypeTxt>
        <InvolvedAmt>1000000</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>FMV</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>UNIVERSITY OF IOWA</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>COLLLEGE OF MEDICINE</BusinessNameLine2Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>N</TransactionTypeTxt>
        <MethodOfAmountDeterminationTxt>NOMINAL</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>
