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      <TotalBookValueSecuritiesAmt>2651509</TotalBookValueSecuritiesAmt>
      <OtherLiabilitiesOrgGrp>
        <Desc>UBS FINANCIAL MARGIN LOAN ACCOUNT</Desc>
        <Amt>1153156</Amt>
      </OtherLiabilitiesOrgGrp>
      <TotalLiabilityAmt>1153156</TotalLiabilityAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>0</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>AMERICAN COUNCILS FOR INTERNATIONAL EDUCATION</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>1828 L STREET NW STE 1200</AddressLine1Txt>
          <CityNm>WASHINGTON DC</CityNm>
          <StateAbbreviationCd>DC</StateAbbreviationCd>
          <ZIPCd>20036</ZIPCd>
        </USAddress>
        <RecipientEIN>521067256</RecipientEIN>
        <IRCSectionDesc>501 (C)(3)</IRCSectionDesc>
        <CashGrantAmt>211890</CashGrantAmt>
        <NonCashAssistanceAmt>0</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>FMV</ValuationMethodUsedDesc>
        <PurposeOfGrantTxt>PROVIDING FINANCIAL SCHOLARSHIPS FOR QUALIFIED &amp; ENROLLED STUDENTS TUITION</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>THE AMERICAN UNIVERSITY IN KOSOVO FOUNDATION</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>FOUR LANDMARK SQUARE</AddressLine1Txt>
          <CityNm>STAMFORD</CityNm>
          <StateAbbreviationCd>CT</StateAbbreviationCd>
          <ZIPCd>06901</ZIPCd>
        </USAddress>
        <RecipientEIN>200105596</RecipientEIN>
        <IRCSectionDesc>501 (C)(3)</IRCSectionDesc>
        <CashGrantAmt>247610</CashGrantAmt>
        <NonCashAssistanceAmt>0</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>FMV</ValuationMethodUsedDesc>
        <PurposeOfGrantTxt>PROVIDING FINANCIAL SCHOLARSHIPS FOR QUALIFIED &amp; ENROLLED STUDENTS TUITION</PurposeOfGrantTxt>
      </RecipientTable>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE BALKANS, TO RECEIVE SCHOLARSHIPS ASSISTANCE FOR STUDY IN UNDERGRATUATE AND GRADUATE PROGRAMS LEADING TO A DEGREE AT COLLEGES AND UNIVERSITIES IN THE UNITED STATES. FORM 990, PART VI, SECTION B, LINE 11B: THE DIRECTORS WILL MEET WITH THE INDEPENDENT ACCOUNTANTS, REVIEW THE DRAFT OF FORM 990, DISTRIBUTE TO REMAINING BOARD MEMBERS ELECTRONICALLY AND WILL BE GIVEN THE OPPORTUNITY TO REVIEW AND COMMENT BEFORE FORM IS FINALIZED AND FILED. ;</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Section C, line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>FORM 990, PART VI, SECTION C, LINE 18: WHEN REQUESTED, THE BIBERAJ FOUNDATION WILL ALLOW REVIEW OF FINANCIALS AS WELL AS CERTAIN POLICY DOCUMENTS. FORM 990, PART VI, SECTION C, LINE 19: WHEN REQUESTED, THE BIBERAJ FOUNDATION WILL ALLOW REVIEW OF FINANCIALS AS WELL AS CERTAIN POLITY DOCUMENTS.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>