﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2023v5.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-10-30T11:31:47-05:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>274279115</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>BD &amp; ASSOCIATES CPAS PLLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1671 W HORIZON RIDGE PKWY STE 220</AddressLine1Txt>
        <CityNm>HENDERSON</CityNm>
        <StateAbbreviationCd>NV</StateAbbreviationCd>
        <ZIPCd>89012</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>330885955</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>TROESH FAMILY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>TROE</BusinessNameControlTxt>
      <PhoneNum>7028890828</PhoneNum>
      <USAddress>
        <AddressLine1Txt>1370 JETSTAR AVE 100</AddressLine1Txt>
        <CityNm>HENDERSON</CityNm>
        <StateAbbreviationCd>NV</StateAbbreviationCd>
        <ZIPCd>89052</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>DENNIS TROESH</PersonNm>
      <PersonTitleTxt>PRESIDENT/DIRECTOR</PersonTitleTxt>
      <PhoneNum>7028890828</PhoneNum>
      <SignatureDt>2024-10-30</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>0</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>DEAN L WALKER CPA</PreparerPersonNm>
      <PTIN>P00850808</PTIN>
      <PhoneNum>7022022255</PhoneNum>
      <PreparationDt>2024-10-30</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-10-15 13:58:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="RetDoc1235000001">
      <AddressChangeInd>X</AddressChangeInd>
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>75025124</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>1679994</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>1679994</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-321996</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>3516830</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>0</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc2001500001">1673259</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>1673149</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>3031257</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>3353143</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">1950</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>0</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>1950</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">114586</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>114586</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>0</OtherProfFeesDsbrsChrtblAmt>
        <InterestRevAndExpnssAmt>2736</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>2736</InterestNetInvstIncmAmt>
        <InterestDsbrsChrtblAmt>0</InterestDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">126085</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>1453</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">3478</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>0</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>103</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>248835</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>118775</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>2053</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>14937101</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>14937101</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>15185936</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>118775</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>14939154</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-12154679</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>3234368</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>1805081</CashBOYAmt>
        <CashEOYAmt>481031</CashEOYAmt>
        <CashEOYFMVAmt>481031</CashEOYFMVAmt>
        <InvstLandCostOrOtherBasisAmt>2397481</InvstLandCostOrOtherBasisAmt>
        <LandBldgInvestmentsBOYAmt>181138</LandBldgInvestmentsBOYAmt>
        <LandBldgInvestmentsEOYAmt>2397481</LandBldgInvestmentsEOYAmt>
        <LandBldgInvestmentsEOYFMVAmt>2397481</LandBldgInvestmentsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>77309677</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc2018100001">64851948</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>69992573</OtherInvestmentsEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc2046600001">2422220</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc2046600001">2154039</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc2046600001">2154039</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>81718116</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>69884499</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>75025124</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="RetDoc2065700001">0</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="RetDoc2065700001">502200</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>502200</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>93532411</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>93351273</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>-11814295</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>-23968974</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>81718116</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>69382299</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>81718116</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>69884499</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>81718116</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-12154679</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>69563437</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc2049800001">181138</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>69382299</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>THE VARDE SCRATCH AND DENT FEEDER, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-12-31</SoldDt>
          <CostOrOtherBasisAmt>485628</CostOrOtherBasisAmt>
          <GainOrLossAmt>-485628</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-485628</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY C.G. DIST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>40002</GrossSalesPriceAmt>
          <GainOrLossAmt>40002</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>40002</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PROVENIO CAPITAL C.G. DIST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>333</GrossSalesPriceAmt>
          <GainOrLossAmt>333</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>333</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS 9382 C.G. DIST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>51</GrossSalesPriceAmt>
          <GainOrLossAmt>51</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>51</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALGER SPECTRA Z</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-12-15</AcquiredDt>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>1476</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1312</CostOrOtherBasisAmt>
          <GainOrLossAmt>164</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>164</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>DELAWARE DIVERSIFIED INC INST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-08</SoldDt>
          <GrossSalesPriceAmt>1171</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1176</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>E V FLOATING RATE I</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-08</SoldDt>
          <GrossSalesPriceAmt>2699</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2697</CostOrOtherBasisAmt>
          <GainOrLossAmt>2</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FEDERATED HERMES GLB ALLOC IS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>726</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>698</CostOrOtherBasisAmt>
          <GainOrLossAmt>28</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>28</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GABELLI ENTERPRISE MERGE&amp;ACQ Y</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>228</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>225</CostOrOtherBasisAmt>
          <GainOrLossAmt>3</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PIMCO DIVERSIFIED INCOME I2</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>2005</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2005</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>US TSY NOTE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-05-18</AcquiredDt>
          <SoldDt>2023-08-31</SoldDt>
          <GrossSalesPriceAmt>365000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>365000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>US TSY NOTE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-05-18</AcquiredDt>
          <SoldDt>2023-11-15</SoldDt>
          <GrossSalesPriceAmt>365000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>365000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALGER SPECTRA Z</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>50142</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>59683</CostOrOtherBasisAmt>
          <GainOrLossAmt>-9541</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-9541</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>AQR LG CAP DEFNDVE STYLE INST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>50000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>42232</CostOrOtherBasisAmt>
          <GainOrLossAmt>7768</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7768</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>DELAWARE DIVERSIFIED INC INST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-08</SoldDt>
          <GrossSalesPriceAmt>10961</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12630</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1669</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1669</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>E V FLOATING RATE I</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-08</SoldDt>
          <GrossSalesPriceAmt>14837</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15920</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1083</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1083</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FAM DIVIDEND FOCUS INV</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-08</SoldDt>
          <GrossSalesPriceAmt>109000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>84995</CostOrOtherBasisAmt>
          <GainOrLossAmt>24005</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>24005</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FEDERATED HERMES GLB ALLOC IS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>34964</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>44755</CostOrOtherBasisAmt>
          <GainOrLossAmt>-9791</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-9791</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FRANKLIN DYNATECH ADVISOR</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>150963</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>100936</CostOrOtherBasisAmt>
          <GainOrLossAmt>50027</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>50027</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GABELLI ENTERPRISE MERGE&amp;ACQ Y</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>4031</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4193</CostOrOtherBasisAmt>
          <GainOrLossAmt>-162</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-162</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PACER US SML CAP CASH COWS ETF</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-02-24</AcquiredDt>
          <SoldDt>2023-05-08</SoldDt>
          <GrossSalesPriceAmt>18099</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>19240</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1141</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1141</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PIMCO DIVERSIFIED INCOME I2</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>17292</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>20663</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3371</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3371</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALGER SPECTRA Z</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-12-23</AcquiredDt>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>9776</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6598</CostOrOtherBasisAmt>
          <GainOrLossAmt>3178</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3178</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>DELAWARE DIVERSIFIED INC INST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-08</SoldDt>
          <GrossSalesPriceAmt>18196</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>21715</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3519</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3519</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>E V FLOATING RATE I</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-08</SoldDt>
          <GrossSalesPriceAmt>25999</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>28155</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2156</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2156</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FRANKLIN DYNATECH ADVISOR</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-12-23</AcquiredDt>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>45452</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11917</CostOrOtherBasisAmt>
          <GainOrLossAmt>33535</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>33535</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GABELLI ENTERPRISE MERGE&amp;ACQ Y</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>24404</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>18071</CostOrOtherBasisAmt>
          <GainOrLossAmt>6333</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6333</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PIMCO DIVERSIFIED INCOME I2</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-05-05</SoldDt>
          <GrossSalesPriceAmt>22075</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>27567</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5492</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5492</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BRISTOL-MYERS SQUIBB CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-03-21</AcquiredDt>
          <SoldDt>2023-11-16</SoldDt>
          <GrossSalesPriceAmt>12905</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16870</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3965</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3965</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GENERAL MILLS INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-05</AcquiredDt>
          <SoldDt>2023-03-21</SoldDt>
          <GrossSalesPriceAmt>60720</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>58555</CostOrOtherBasisAmt>
          <GainOrLossAmt>2165</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2165</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GENERAL MILLS INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-11-16</AcquiredDt>
          <SoldDt>2023-03-21</SoldDt>
          <GrossSalesPriceAmt>20240</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>19786</CostOrOtherBasisAmt>
          <GainOrLossAmt>454</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>454</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>HESHEY CO/THE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-11-16</AcquiredDt>
          <SoldDt>2023-08-23</SoldDt>
          <GrossSalesPriceAmt>85958</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>89529</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3571</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3571</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>HUNTINGTON BANCSHARES INC/OH</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-05</AcquiredDt>
          <SoldDt>2023-03-21</SoldDt>
          <GrossSalesPriceAmt>55500</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>68698</CostOrOtherBasisAmt>
          <GainOrLossAmt>-13198</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-13198</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LVMH MOET HENNESSY LOUIS VUITTON SE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-08-23</AcquiredDt>
          <SoldDt>2023-11-29</SoldDt>
          <GrossSalesPriceAmt>151419</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>172717</CostOrOtherBasisAmt>
          <GainOrLossAmt>-21298</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-21298</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NEXTERA ENERGY INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-03-21</AcquiredDt>
          <SoldDt>2023-11-29</SoldDt>
          <GrossSalesPriceAmt>43992</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>57083</CostOrOtherBasisAmt>
          <GainOrLossAmt>-13091</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-13091</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PFIZER INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-05</AcquiredDt>
          <SoldDt>2023-08-23</SoldDt>
          <GrossSalesPriceAmt>27671</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>33176</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5505</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5505</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PFIZER INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-03-21</AcquiredDt>
          <SoldDt>2023-08-23</SoldDt>
          <GrossSalesPriceAmt>9224</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10203</CostOrOtherBasisAmt>
          <GainOrLossAmt>-979</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-979</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PRUDENTIAL FINANCIAL INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-05</AcquiredDt>
          <SoldDt>2023-03-21</SoldDt>
          <GrossSalesPriceAmt>41265</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>46988</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5723</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5723</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SYSCO CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-03-21</AcquiredDt>
          <SoldDt>2023-08-23</SoldDt>
          <GrossSalesPriceAmt>126323</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>134514</CostOrOtherBasisAmt>
          <GainOrLossAmt>-8191</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-8191</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>TRUIST FINL CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-05</AcquiredDt>
          <SoldDt>2023-03-21</SoldDt>
          <GrossSalesPriceAmt>112804</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>160685</CostOrOtherBasisAmt>
          <GainOrLossAmt>-47881</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-47881</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>US BANCORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-05</AcquiredDt>
          <SoldDt>2023-06-07</SoldDt>
          <GrossSalesPriceAmt>49110</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>63338</CostOrOtherBasisAmt>
          <GainOrLossAmt>-14228</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-14228</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ULTA SALON COSMETICS &amp; FRAGRANCE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-04-11</AcquiredDt>
          <SoldDt>2023-11-29</SoldDt>
          <GrossSalesPriceAmt>104896</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>132850</CostOrOtherBasisAmt>
          <GainOrLossAmt>-27954</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-27954</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UNION PACIFIC CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-05</AcquiredDt>
          <SoldDt>2023-03-21</SoldDt>
          <GrossSalesPriceAmt>95704</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>100804</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5100</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5100</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JAZZ PHARMACEUTICALS PLC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-04-11</AcquiredDt>
          <SoldDt>2023-11-16</SoldDt>
          <GrossSalesPriceAmt>81321</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>95481</CostOrOtherBasisAmt>
          <GainOrLossAmt>-14160</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-14160</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ABBOTT LABORATORIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2023-11-29</SoldDt>
          <GrossSalesPriceAmt>194073</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>133992</CostOrOtherBasisAmt>
          <GainOrLossAmt>60081</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>60081</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BLACKSTONE GROUP INC/THE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-05-06</AcquiredDt>
          <SoldDt>2023-04-11</SoldDt>
          <GrossSalesPriceAmt>41192</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>23713</CostOrOtherBasisAmt>
          <GainOrLossAmt>17479</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>17479</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BLACKSTONE GROUP INC/THE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-05-06</AcquiredDt>
          <SoldDt>2023-11-29</SoldDt>
          <GrossSalesPriceAmt>112434</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>46286</CostOrOtherBasisAmt>
          <GainOrLossAmt>66148</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>66148</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BRISTOL-MYERS SQUIBB CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-05</AcquiredDt>
          <SoldDt>2023-11-16</SoldDt>
          <GrossSalesPriceAmt>38715</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>53697</CostOrOtherBasisAmt>
          <GainOrLossAmt>-14982</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-14982</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>DEVON ENERGY CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-05-18</AcquiredDt>
          <SoldDt>2023-03-21</SoldDt>
          <GrossSalesPriceAmt>264218</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>148553</CostOrOtherBasisAmt>
          <GainOrLossAmt>115665</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>115665</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MARVELL TECHNOLOGY INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-11-11</AcquiredDt>
          <SoldDt>2023-03-21</SoldDt>
          <GrossSalesPriceAmt>204998</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>210740</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5742</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5742</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-05</AcquiredDt>
          <SoldDt>2023-11-16</SoldDt>
          <GrossSalesPriceAmt>39965</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>41686</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1721</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1721</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-10-05</AcquiredDt>
          <SoldDt>2023-11-29</SoldDt>
          <GrossSalesPriceAmt>39670</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>41686</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2016</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2016</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NEXTERA ENERGY INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-02-26</AcquiredDt>
          <SoldDt>2023-11-29</SoldDt>
          <GrossSalesPriceAmt>43992</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>55665</CostOrOtherBasisAmt>
          <GainOrLossAmt>-11673</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-11673</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UNITED PARCEL SERVICE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2021-01-29</AcquiredDt>
          <SoldDt>2023-11-16</SoldDt>
          <GrossSalesPriceAmt>73634</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>78520</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4886</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4886</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SCHWAB US TREASURY MONEY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>5</GrossSalesPriceAmt>
          <GainOrLossAmt>5</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-321996</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>44958</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>44958</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>44958</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>15624</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>35000</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>50624</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>474</EsPenaltyAmt>
        <OverpaymentAmt>5192</OverpaymentAmt>
        <AppliedToESTaxAmt>5192</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>0</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NV</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>TROESH FAMILY FOUNDATION</IndividualWithBooksNm>
        <PhoneNum>7028890828</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1370 JETSTAR AVE 100</AddressLine1Txt>
          <CityNm>HENDERSON</CityNm>
          <StateAbbreviationCd>NV</StateAbbreviationCd>
          <ZIPCd>89052</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DENNIS TROESH</PersonNm>
          <USAddress>
            <AddressLine1Txt>1370 JET STREAM DR 100</AddressLine1Txt>
            <CityNm>HENDERSON</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89052</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT/DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CAROL TROESH</PersonNm>
          <USAddress>
            <AddressLine1Txt>1370 JET STREAM DR 100</AddressLine1Txt>
            <CityNm>HENDERSON</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89052</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LAURIE MATTSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>1370 JET STREAM DR 100</AddressLine1Txt>
            <CityNm>HENDERSON</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89052</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY/DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JON TROESH</PersonNm>
          <USAddress>
            <AddressLine1Txt>1370 JET STREAM DR 100</AddressLine1Txt>
            <CityNm>HENDERSON</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89052</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JEFFREY TROESH</PersonNm>
          <USAddress>
            <AddressLine1Txt>1370 JET STREAM DR 100</AddressLine1Txt>
            <CityNm>HENDERSON</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89052</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER/DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CARRIE TROESH</PersonNm>
          <USAddress>
            <AddressLine1Txt>1370 JET STREAM DR 100</AddressLine1Txt>
            <CityNm>HENDERSON</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89052</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>57921365</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>9005192</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>4551520</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>71478077</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>71478077</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1072171</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>70405906</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>3520295</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>3520295</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>44958</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>44958</TotalTaxAmt>
        <DistributableBeforeAdjAmt>3475337</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>3475337</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>3475337</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>14939154</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>14939154</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>3475337</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>10631948</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>14292566</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>14848792</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>13033311</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>13304160</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>66110777</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>14939154</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>3475337</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>11463817</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>77574594</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>10631948</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>66942646</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>14292566</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>14848792</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>13033311</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>13304160</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>11463817</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp>
        <PrivateOperatingFndtnRulingDt>2000-06-07</PrivateOperatingFndtnRulingDt>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>DENNIS TROESH</ContributingManagerNm>
        <ContributingManagerNm>CAROL TROESH</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ADVENTIST HEALTH INTERNATIONAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>11060 ANDERSON STREET</AddressLine1Txt>
            <CityNm>LOMA LINDA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92350</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL OPERATING FUND</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BIBLICA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 676244</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>752676244</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CALIFORNIA BAPTIST UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>8432 MAGNOLIA AVENUE</AddressLine1Txt>
            <CityNm>RIVERSIDE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92504</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COLLEGE OF ENGINEERING BUILDING FUND</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CALIFORNIA INSTITUTE OF TECHNOLOGY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1200 E CALIFORNIA BLVD MC 5-32</AddressLine1Txt>
            <CityNm>PASADENA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91125</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>DISTINGUISHED SCHOLARS CHALLENGE FUND</GrantOrContributionPurposeTxt>
          <Amt>500000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CITY IMPACT FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>950 E SAHARA AVENUE</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89134</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>MAKE AN IMPACT 2023</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DISCOVERY ART FOR YOUTH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1001-A EAST HARMONY ROAD UNIT 271</AddressLine1Txt>
            <CityNm>FORT COLLINS</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80525</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DUCKS UNLIMITED</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ONE WATERFOWL WAY</AddressLine1Txt>
            <CityNm>MEMPHIS</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>38120</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>EMILY SHANE FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2893 SEARIDGE ST</AddressLine1Txt>
            <CityNm>MALIBU</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90265</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FAMILY RESEARCH COUNCIL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>801 G STREET NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FRATERNITY OF THE DESERT BIGHORN</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 27494</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>891261494</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>155768</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HEART GIFTS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4045 SE TAYLOR STREET</AddressLine1Txt>
            <CityNm>PORTLAND</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
            <ZIPCd>97214</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHRISTMAS CARDS, HARDBACK DEVOTIONAL BOOKS, 4X6 POCKETBOOKS</GrantOrContributionPurposeTxt>
          <Amt>45000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HIS GLORY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 989</AddressLine1Txt>
            <CityNm>MT PLEASANT</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75456</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOPE FOR PRISONERS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>333 N RANCHO DR 2ND FLOOR</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89106</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>136000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INSTITUTE FOR CREATION RESEARCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 59029</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75229</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ISRAEL EMERGENCY ALLIANCE DBA STANDWITHUS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 341069</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>900341069</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>THE FOCUS PROJECT</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>JUNIOR ACHIEVEMENT OF SOUTHERN NEVADA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1921 N RAINBOW BLVD FLOOR 2</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89108</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SWIMMING WITH THE BIG FISH LUNCHEON</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LOMA LINDA UNIVERSITY HEALTH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>25455 BARTON RD 102B</AddressLine1Txt>
            <CityNm>LOMA LINDA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92354</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>VISION 2020 FOR HOSPITAL EXPANSION</GrantOrContributionPurposeTxt>
          <Amt>10000000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MOUNTAIN FOUNTAIN CREATIONS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1001 A EAST HARMONY RD UNIT 271</AddressLine1Txt>
            <CityNm>FORT COLLINS</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>805253354</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MY POSSIBILITIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3601 MAPLESHADE LAND</AddressLine1Txt>
            <CityNm>PLANO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75075</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MYCHAL'S LEARNING PLACE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4901 W ROSECRANS AVENUE</AddressLine1Txt>
            <CityNm>HAWTHORNE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90250</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>THE GREAT CALIFORNIA SANTA STROLL/LUNCHEON</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NEVADA BALLET THEATRE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1651 INNER CIRCLE</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89134</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>2022 NUTCRACKER SPONSORSHIP RENEWAL</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NOAH ARC FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>12526 CAMPO RD</AddressLine1Txt>
            <CityNm>SPRING VALLEY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91978</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>OCEAN STATE JOB LOT CHARITABLE FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>375 COMMERCE PARK ROAD</AddressLine1Txt>
            <CityNm>NORTH KINGSTOWN</CityNm>
            <StateAbbreviationCd>RI</StateAbbreviationCd>
            <ZIPCd>02852</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HUMANITARIAN RELIEF</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PARADISE SDA CHURCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4575 SOUTH SANDHILL ROAD</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89121</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PRAGER UNIVERSITY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>15021 VENTURE BLVD 552</AddressLine1Txt>
            <CityNm>SHERMAN OAKS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91403</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PRAGERU KIDS</GrantOrContributionPurposeTxt>
          <Amt>333333</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEVENTH-DAY ADVENTISTS CHURCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>9705 PATUXENT WOODS DRIVE</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21046</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ROOFS OVER AFRICA</GrantOrContributionPurposeTxt>
          <Amt>210000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SOUTHERN OHIO PREGNANCY CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>135 W WALNUT</AddressLine1Txt>
            <CityNm>HILLSBORO</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>45133</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SOUTHWEST RADIO MINISTRIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 76834</AddressLine1Txt>
            <CityNm>OKLAHOMA CITY</CityNm>
            <StateAbbreviationCd>OK</StateAbbreviationCd>
            <ZIPCd>73147</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>STAND TOGETHER TRUST</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 45913</AddressLine1Txt>
            <CityNm>BALTIMORE</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21297</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>2000000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEEN CHALLENGE NORWESTCAL NEVADA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 24309</AddressLine1Txt>
            <CityNm>SAN JOSE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>951544309</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>LVO BANQUET SPONSORSHIP AND GIFTS</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEEN CHALLENGE OF SOUTHERN CALIFORNI</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5445 CHICAGO AVE</AddressLine1Txt>
            <CityNm>RIVERSIDE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92507</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>175000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE CHRISTOPHER SMITH FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 230993</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89052</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNITED WAY OF SOUTHERN NEVADA INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5830 W FLAMINGO ROAD</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89103</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>65TH ANNIVERSARY CAMPAIGN</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>URBAN PROMISE INTERNATIONAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 156</AddressLine1Txt>
            <CityNm>PENNSAUKEN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08110</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>URBANPROMISE INTERNATIONAL MINISTRIES</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WOMENS RESOURCE MEDICAL CENTERS INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1701 WEST CHARLESTON BLVD STE 130</AddressLine1Txt>
            <CityNm>LAS VEGAS</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89102</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>14937101</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>1679994</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <RelatedOrExemptFunctionIncmAmt>1673259</RelatedOrExemptFunctionIncmAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>-321996</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>0</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>3031257</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>3031257</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>INTEREST &amp; DIVIDEND INCOME FROM INVESTMENTS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>7</LineNumberTxt>
          <RelationshipStatementTxt>OTHER INCOME FROM INVESTMENTS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>GAIN ON SALE OF INVESTMENTS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING</CategoryTxt>
        <Amt>1950</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1950</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GOLDMAN SACHS 0043</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>8624521</BookValueAmt>
        <EOYFMVAmt>8761426</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENTS - PARTNERSHIPS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>46064809</BookValueAmt>
        <EOYFMVAmt>46064809</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MORGAN STANLEY 0400</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1257533</BookValueAmt>
        <EOYFMVAmt>1393517</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>UBS 3914</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>25745</BookValueAmt>
        <EOYFMVAmt>25743</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>UBS 9382</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1618013</BookValueAmt>
        <EOYFMVAmt>1618013</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>US TRUST 7232</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>39256</BookValueAmt>
        <EOYFMVAmt>39256</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>US TRUST 9190</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>7222071</BookValueAmt>
        <EOYFMVAmt>12089809</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>ACCRUED INTEREST/DIVIDENDS</Desc>
        <BOYBookValueAmt>26824</BOYBookValueAmt>
        <EOYBookValueAmt>1689</EOYBookValueAmt>
        <EOYFMVAmt>1689</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>COLLABORATION CENTER (M1163)</Desc>
        <BOYBookValueAmt>2240000</BOYBookValueAmt>
        <EOYBookValueAmt>2088189</EOYBookValueAmt>
        <EOYFMVAmt>2088189</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>ESTMATED TAX PAYMENTS</Desc>
        <BOYBookValueAmt>155396</BOYBookValueAmt>
        <EOYBookValueAmt>64161</EOYBookValueAmt>
        <EOYFMVAmt>64161</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>PRIOR YEAR BOOK ONLY ADJUSTMENT TO RETAINED EARNINGS</Desc>
        <Amt>181138</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>LICENSES, PERMITS &amp; FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>103</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>103</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PENALTIES</Desc>
        <RevenueAndExpensesPerBooksAmt>3375</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>VARDE INVESTMENT PARTNERS (OFFSHORE), LTD.</Desc>
        <RevenueAndExpensesPerBooksAmt>1603371</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1603371</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1603371</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>THE VARDE SCRATCH &amp; DENT FEEDER</Desc>
        <RevenueAndExpensesPerBooksAmt>1060</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>950</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>950</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>THE VARDE EUROPE FUND (OFFSHORE), LP</Desc>
        <RevenueAndExpensesPerBooksAmt>47568</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>47568</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>47568</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>GROUND LEASE</Desc>
        <RevenueAndExpensesPerBooksAmt>21260</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>21260</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>21260</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilitiesDetail>
        <Desc>SECURITY DEPOSIT</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>2200</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>OPTION DEPOSIT</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>500000</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MANAGEMENT FEE - US TRUST 9190</CategoryTxt>
        <Amt>76919</Amt>
        <NetInvestmentIncomeAmt>76919</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MANAGEMENT FEE - STREAMLINED</CategoryTxt>
        <Amt>23359</Amt>
        <NetInvestmentIncomeAmt>23359</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MANAGEMENT FEE - VARDE SCRATCH &amp; DENT FEEDER</CategoryTxt>
        <Amt>3388</Amt>
        <NetInvestmentIncomeAmt>3388</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER EXP - BPCP II OFFSHORE</CategoryTxt>
        <Amt>406</Amt>
        <NetInvestmentIncomeAmt>406</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MANAGEMENT/PERFORMANCE FEE - BPCP II OFFSHORE</CategoryTxt>
        <Amt>10514</Amt>
        <NetInvestmentIncomeAmt>10514</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>1453</Amt>
        <NetInvestmentIncomeAmt>1453</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL INCOME TAX</CategoryTxt>
        <Amt>124632</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>