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        <ExcessFromYear3Amt>852969</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>1606389</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>25328</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>JOSE E FERNANDEZ BJERG</ContributingManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>KINESIS INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2000 CARR 8177 SUITE 26 PBM 208</AddressLine1Txt>
            <CityNm>GUAYNABO</CityNm>
            <StateAbbreviationCd>PR</StateAbbreviationCd>
            <ZIPCd>00966</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7872500033</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>APPLICATIONS CAN BE FILED THROUGH THE KINESIS, INC., WEB PAGE. AMONG DOCUMENTS TO BE SUBMITTED ARE ADMISSION LETTER, EVIDENCE OF FINACIAL NEED, AND TRANSCRIPT.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>MID APRIL OF EACH YEAR.</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>GRADE AVERAGE POINT SHOULD BE 3. 5 OR HIGHER AND SHOULD BE ADMITTED TO THE UNIVERSITY.</RestrictionsOnAwardsTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SCHOLARSHIPS TO STUDENTS STM ATT</RecipientPersonNm>
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            <AddressLine1Txt>2000 CARR 877 PBM 208</AddressLine1Txt>
            <AddressLine2Txt>2000 CARR 877 PMB 208</AddressLine2Txt>
            <CityNm>SAN JUAN</CityNm>
            <StateAbbreviationCd>PR</StateAbbreviationCd>
            <ZIPCd>00966</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATION AND SCHOLARSHIPS</GrantOrContributionPurposeTxt>
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        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>684701</TotalGrantOrContriPdDurYrAmt>
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          <RelatedOrExemptFunctionIncmAmt>308639</RelatedOrExemptFunctionIncmAmt>
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          <Desc>ACTIVITIES AND OTHERS</Desc>
          <RelatedOrExemptFunctionIncmAmt>72502</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>NET INVESTMENT RETURN (LOSS</Desc>
          <RelatedOrExemptFunctionIncmAmt>2459919</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>GAIN FROM SALE-CAPITAL ASSE</Desc>
          <RelatedOrExemptFunctionIncmAmt>-962717</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>1878343</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1878343</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>DIVIDENDS AND INTEREST EARNED FROM THE INVESTMENT ACCOUNTS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>THAT ALLOW THE FOUNDATION TO MEET ITS GRANTS REQUIRMENTS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
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        <ContributorNum>1</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>OMEGA OVERSEAS INVESTMENTS INC</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>PROFESSIONAL OFFICE PARK 1001</AddressLine1Txt>
          <AddressLine2Txt>CALLE SAN ROBERTO SUITE 101</AddressLine2Txt>
          <CityNm>SAN JUAN</CityNm>
          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00926</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>700000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>7</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>COMISION ESPECIAL CONJUNTA DE</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>FONDOS LEGISLATIVOS</BusinessNameLine2Txt>
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        <ContributorUSAddress>
          <AddressLine1Txt>EL CAPITOLIO PO BOX 9023431</AddressLine1Txt>
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          <ZIPCd>009023431</ZIPCd>
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        <PersonContributionInd>X</PersonContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>13</ContributorNum>
        <ContributorPersonNm>JUAN CARLOS FERNANDEZ RICHARDS</ContributorPersonNm>
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          <AddressLine1Txt>204 WAVERLY AVENUE TH2</AddressLine1Txt>
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          <StateAbbreviationCd>NY</StateAbbreviationCd>
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          <AddressLine1Txt>PO BOX 2399</AddressLine1Txt>
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          <StateAbbreviationCd>OR</StateAbbreviationCd>
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        <ContributorNum>43</ContributorNum>
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        <ContributorUSAddress>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00922</ZIPCd>
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        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
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        <ContributorBusinessName>
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        <ContributorUSAddress>
          <AddressLine1Txt>PO BOX 360597</AddressLine1Txt>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00918</ZIPCd>
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          <AddressLine1Txt>PO BOX 9023431</AddressLine1Txt>
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          <AddressLine1Txt>PO BOX 4060 ROAD 31 KM 246</AddressLine1Txt>
          <CityNm>JUNCOS</CityNm>
          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>007774060</ZIPCd>
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        <ContributorBusinessName>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>009265955</ZIPCd>
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        <ContributorBusinessName>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>009363529</ZIPCd>
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        <ContributorPersonNm>ADAM GRIES</ContributorPersonNm>
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          <AddressLine2Txt>PLAZA TOWER II 703 CALLE ELDER</AddressLine2Txt>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00924</ZIPCd>
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      <OtherExpensesScheduleGrp>
        <Desc>INTERNET AND COMMUNICATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>9415</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE CLEANING</Desc>
        <RevenueAndExpensesPerBooksAmt>7265</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITES</Desc>
        <RevenueAndExpensesPerBooksAmt>25802</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BAD DEBT EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>17147</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>401K PLAN MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>1100</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PAYMENT &amp; PAYROLL PROCESSOR</Desc>
        <RevenueAndExpensesPerBooksAmt>445</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>13626</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FUNRAISING EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>75000</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
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        <Desc>ACTIVITIES AND OTHERS</Desc>
        <RevenueAndExpensesPerBooksAmt>72502</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>72502</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>NET INVESTMENT RETURN (LOSS)</Desc>
        <RevenueAndExpensesPerBooksAmt>2459919</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>2459919</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>GAIN FROM SALE-CAPITAL ASSETS</Desc>
        <RevenueAndExpensesPerBooksAmt>-962717</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>-962717</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc12">
      <OtherLiabilitiesDetail>
        <Desc>OPERATING LEASE LIABILITY</Desc>
        <BOYBookValueAmt>447143</BOYBookValueAmt>
        <EOYBookValueAmt>323948</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc13">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER PROFESSIONAL SERVICES</CategoryTxt>
        <Amt>115922</Amt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc14">
      <TaxesDetail>
        <CategoryTxt>PAYROLL AND OTHER MISC TAXES</CategoryTxt>
        <Amt>105637</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>