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          <PersonNm>Antonio Rosendo</PersonNm>
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            <CityNm>Colorado Springs</CityNm>
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          <TitleTxt>Vice President</TitleTxt>
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        <Description1Txt>EDUCATIONAL GRANTS FOR MEMBERS OF THE BLACK/AFRICAN AMERICAN RACE AND RESIDENTS OF COLORADO.</Description1Txt>
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        <Description2Txt>THE ELEVATED PROGRAM SEEKS TO EMPOWER BLACK YOUTH AND THEIR FAMILIES BY PROVIDING MENTORSHIP, EQUITABLE OPPORTUNITIES AND COLLEGIATE ACCESS TO SUCCEED IN HIGHER EDUCATION.</Description2Txt>
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        <Description3Txt>THE SACHS TEACHER DEVELOPMENT PROGRAM LOOKS TO INCREASE THE NUMBER OF AFRICAN-AMERICAN TEACHERS SERVING IN COLORADO, SPECIFICALLY IN SCHOOLS WITH LARGE BLACK STUDENT POPULATIONS</Description3Txt>
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        <Description4Txt>SAT AND ACT TEST TAKING, ATTEND WORKSHOPS ON APPLYING FOR FINANCIAL ASSISTANCE, AND PARTICIPATE IN COLLEGE VISITS. THE PROGRAM ALSO DISTRIBUTES SCHOLARSHIP FUNDS THROUGH CO 529.</Description4Txt>
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        <AverageMonthlyCashBalancesAmt>470355</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>453210</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>33185661</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>33185661</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>497785</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>32687876</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1634394</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>2264958</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>2264958</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <PrivateOperatingFoundationsGrp>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>424871</CurrentYearAmt>
          <Year1Amt>386110</Year1Amt>
          <Year2Amt>356194</Year2Amt>
          <Year3Amt>347059</Year3Amt>
          <TotalAmt>1514234</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <CurrentYearAmt>361140</CurrentYearAmt>
          <Year1Amt>328194</Year1Amt>
          <Year2Amt>302765</Year2Amt>
          <Year3Amt>295000</Year3Amt>
          <TotalAmt>1287099</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>2264958</CurrentYearAmt>
          <Year1Amt>2634031</Year1Amt>
          <Year2Amt>3079367</Year2Amt>
          <Year3Amt>2510720</Year3Amt>
          <TotalAmt>10489076</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriNotUsedDrtGrp>
          <CurrentYearAmt>303794</CurrentYearAmt>
          <Year1Amt>833234</Year1Amt>
          <Year2Amt>1701391</Year2Amt>
          <Year3Amt>1442942</Year3Amt>
          <TotalAmt>4281361</TotalAmt>
        </QualifyingDistriNotUsedDrtGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>1961164</CurrentYearAmt>
          <Year1Amt>1800797</Year1Amt>
          <Year2Amt>1377976</Year2Amt>
          <Year3Amt>1067778</Year3Amt>
          <TotalAmt>6207715</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TotalAssetsGrp>
          <CurrentYearAmt>58960024</CurrentYearAmt>
          <Year1Amt>55837881</Year1Amt>
          <Year2Amt>51199300</Year2Amt>
          <Year3Amt>62523470</Year3Amt>
          <TotalAmt>228520675</TotalAmt>
        </TotalAssetsGrp>
        <TotalAssetsSect4942j3BiGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsSect4942j3BiGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>1089596</CurrentYearAmt>
          <Year1Amt>1016844</Year1Amt>
          <Year2Amt>1066256</Year2Amt>
          <Year3Amt>1091141</Year3Amt>
          <TotalAmt>4263837</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
        <TotalSupportGrp>
          <TotalAmt>0</TotalAmt>
        </TotalSupportGrp>
        <PublicSupportType>
          <TotalAmt>0</TotalAmt>
        </PublicSupportType>
        <LargestSupportFromEOGrp>
          <TotalAmt>0</TotalAmt>
        </LargestSupportFromEOGrp>
        <GrossInvestmentIncomeGrp>
          <TotalAmt>0</TotalAmt>
        </GrossInvestmentIncomeGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>Sachs Foundation</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>315 E Pikes Peak Ave</AddressLine1Txt>
            <CityNm>COLORADO SPRINGS</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80903</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7196332353</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>EDUCATION GRANTS - ONLINE APPLICATION, INCLUDING EDUCATIONAL TRANSCRIPTS, THREE RECOMMENDATIONS AND VERIFICATION OF FINANCIAL STATUS. COMMUNITY ASSISTANCE GRANTS - APPLICATIONS ARE ORIGINALLY SUBMITTED BY PHONE REQUEST 719-633-4895. APPLICANTS PROVIDE INFORMATION AS TO THEIR SITUATION AND A WAY FOR A COMMUNITY ASSISTANCE ASSOCIATE TO CONTACT THE APPLICANT FOR A PHONE INTERVIEW. BASED ON THE PHONE INTERVIEW, ASSISTANCE CAN BE GRANTED, DECLINED, OR ASSIGNED TO AN ASSOCIATE FOR A FUTURE SITE VISIT TO DETERMINE NEED.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>EDUCATIONAL GRANTS - MARCH 15</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>APPLICANTS MUST BE OF THE BLACK/AFRICAN AMERICAN RACE AND RESIDENTS OF COLORADO. AMOUNT OF AWARD ESTABLISHED BY THE BOARD OF DIRECTORS.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Community Assistance Grantees</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>Detail available upon request</AddressLine1Txt>
            <CityNm>Colorado Springs</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80903</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Community Assistance</GrantOrContributionPurposeTxt>
          <Amt>0</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Educational Grantees</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>Detail Available Upon Request</AddressLine1Txt>
            <CityNm>Colorado Springs</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80903</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATIONAL</GrantOrContributionPurposeTxt>
          <Amt>675461</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>College Prep Academy Grants</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>Details Available Upon Request</AddressLine1Txt>
            <CityNm>Colorado Springs</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80903</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>College Prep Academy - Educational</GrantOrContributionPurposeTxt>
          <Amt>0</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Elevated Grants</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>Details Available Upon Request</AddressLine1Txt>
            <CityNm>Colorado Springs</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80903</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>none</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Elevated - Education</GrantOrContributionPurposeTxt>
          <Amt>293163</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>968624</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Approved Educational Grants</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>90 S Cascade Ave</AddressLine1Txt>
            <CityNm>Colorado Springs</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80903</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Educational</GrantOrContributionPurposeTxt>
          <Amt>2366123</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>2366123</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>638221</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncomeGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>1730206</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>2368427</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>2368427</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <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="IRS990ScheduleB">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>HENRY SACHS TRUST CO MEMBERS TRUST</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>7250 CAMPUS DRIVE</AddressLine1Txt>
          <CityNm>COLORADO SPRINGS</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80920</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>1813876</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>City of Denver</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>201 W Colfax Ave</AddressLine1Txt>
          <CityNm>Denver</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80202</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>271658</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>3</ContributorNum>
        <ContributorPersonNm>Pikes Peak Community Foundation</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>315 E Pikes Peak Ave 120</AddressLine1Txt>
          <CityNm>Colorado Springs</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80903</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>4</ContributorNum>
        <ContributorPersonNm>Rose Community Foundation</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>4500 Cherry Creek Drive South STE</AddressLine1Txt>
          <CityNm>Denver</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80246</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>15563</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>5</ContributorNum>
        <ContributorPersonNm>Bert and Mary Carollo</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>2243 Coyote Crest View</AddressLine1Txt>
          <CityNm>Colorado Springs</CityNm>
          <StateAbbreviationCd>CO</StateAbbreviationCd>
          <ZIPCd>80921</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>52841</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorporateBondsGrp>
        <BondNm>CHARLES SCHWAB</BondNm>
        <EOYBookValueAmt>4175177</EOYBookValueAmt>
        <EOYFMVAmt>4175177</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>CHARLES SCHWAB</StockNm>
        <EOYBookValueAmt>24045714</EOYBookValueAmt>
        <EOYFMVAmt>24045714</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <USGovtObligationsBookVlEOYAmt>1389609</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>1389609</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CHARLES SCHWAB-INT'L EQUITIES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2053270</BookValueAmt>
        <EOYFMVAmt>2053270</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BENEFICIAL INTEREST IN TRUST</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>24888010</BookValueAmt>
        <EOYFMVAmt>24888010</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssetsScheduleGrp>
        <Desc>ART</Desc>
        <BOYBookValueAmt>25300</BOYBookValueAmt>
        <EOYBookValueAmt>25300</EOYBookValueAmt>
        <EOYFMVAmt>25300</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>PARKING</Desc>
        <RevenueAndExpensesPerBooksAmt>3288</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>164</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>164</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3058</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISC EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>239</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>12</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>12</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>222</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>254</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>13</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>13</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>236</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>COMPUTER ACCT. SUPPORT</Desc>
        <RevenueAndExpensesPerBooksAmt>1299</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>65</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>65</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1208</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ONLINE APPLICATION PROGRAM</Desc>
        <RevenueAndExpensesPerBooksAmt>5940</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>297</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>297</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5524</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CRM SOFTWARE</Desc>
        <RevenueAndExpensesPerBooksAmt>7597</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>380</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>380</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7065</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES &amp; SUBSCRIPTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>6375</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>319</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>319</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5929</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>LICENSES &amp; FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>20</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>19</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MEALS &amp; ENTERTAINMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>8766</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>438</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>438</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>8152</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PAYROLL PROCESSING</Desc>
        <RevenueAndExpensesPerBooksAmt>3131</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>157</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>157</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2912</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MENTOR EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>1050</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1050</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>STUDENT PROGRAMS</Desc>
        <RevenueAndExpensesPerBooksAmt>24938</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>24938</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TEACHER DEVELOPMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>8306</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>8306</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>7301</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>365</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>365</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6790</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>12776</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>639</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>639</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>11772</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>WF Settlement</Desc>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSch">
      <OtherIncreasesDetail>
        <Desc>CHANGE IN BENEFICIAL INTEREST IN TRUST</Desc>
        <Amt>1349435</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>ADJUSTMENT FOR UNREALIZED GAIN</Desc>
        <Amt>1611926</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="OtherLiabSch">
      <OtherLiabilitiesDetail>
        <Desc>DEFER. FEDERAL EXCISE TAX PAY.</Desc>
        <BOYBookValueAmt>189383</BOYBookValueAmt>
        <EOYBookValueAmt>226413</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MARKETING/OUTREACH</CategoryTxt>
        <Amt>73431</Amt>
        <NetInvestmentIncomeAmt>3672</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3672</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>67965</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGER</CategoryTxt>
        <Amt>86797</Amt>
        <NetInvestmentIncomeAmt>86797</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>86797</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PROFESSIONAL HONORARIA</CategoryTxt>
        <Amt>5675</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5391</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PROFESSIONAL DEVELOPMENT</CategoryTxt>
        <Amt>38000</Amt>
        <NetInvestmentIncomeAmt>1900</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1900</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>35340</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX</CategoryTxt>
        <Amt>49086</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>