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        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>44750181</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>44750181</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>15717832</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>20000000</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>29916</CharitableAssetsAcquisPaidAmt>
        <QualifyingDistributionsAmt>35747748</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>44750181</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>31208751</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>35747748</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>31208751</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>4538997</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>40211184</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>Patrick Liang</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>8960 Spanish Ridge Ave</AddressLine1Txt>
            <CityNm>Las Vegas</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89148</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7027343700</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>No set form or format</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>None</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>None</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>VARIOUS UNIVERSITIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>1300 N Zhongshan Rd</AddressLine1Txt>
            <CityNm>Wujiang City</CityNm>
            <ProvinceOrStateNm>Jiangsu</ProvinceOrStateNm>
            <CountryCd>CH</CountryCd>
            <ForeignPostalCd>215000</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>THIRD PARTY</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>12951566</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>12951566</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>4289326</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>12331569</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>455856</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>3325936</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>20402687</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>20402687</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <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>Audit</CategoryTxt>
        <Amt>1776</Amt>
        <NetInvestmentIncomeAmt>888</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1776</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <ExplnOfNonFilingWithAGStmt documentId="RetDoc2210600001">
      <ExplanationTxt>Nevada does not have a 990-PF reporting requirement.</ExplanationTxt>
    </ExplnOfNonFilingWithAGStmt>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>Stock and mutual funds</StockNm>
        <EOYBookValueAmt>894466944</EOYBookValueAmt>
        <EOYFMVAmt>894466944</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>Legal</CategoryTxt>
        <LegalFeesAmt>8380</LegalFeesAmt>
        <NetInvestmentIncomeAmt>4190</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>8380</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>Real Estate</Desc>
        <BOYBookValueAmt>562658</BOYBookValueAmt>
        <EOYBookValueAmt>562658</EOYBookValueAmt>
        <EOYFMVAmt>562658</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>TZ Realty LLC</Desc>
        <BOYBookValueAmt>1350420</BOYBookValueAmt>
        <EOYBookValueAmt>1564397</EOYBookValueAmt>
        <EOYFMVAmt>1564397</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>CONTRIBUTION TO DONOR ADVISED FUND</Desc>
        <Amt>20000000</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>Bank service Charge</Desc>
        <RevenueAndExpensesPerBooksAmt>601</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>300</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>601</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Investment Expense</Desc>
        <RevenueAndExpensesPerBooksAmt>461246</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>461246</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>461246</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Telephone &amp; Internet</Desc>
        <RevenueAndExpensesPerBooksAmt>7065</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3532</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7065</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>License</Desc>
        <RevenueAndExpensesPerBooksAmt>140</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>70</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>140</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>China Center repair</Desc>
        <RevenueAndExpensesPerBooksAmt>56968</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>28484</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>56968</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Insurance</Desc>
        <RevenueAndExpensesPerBooksAmt>5435</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2717</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5435</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Gifts</Desc>
        <RevenueAndExpensesPerBooksAmt>845</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>422</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>845</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>Schedule K-1s</Desc>
        <RevenueAndExpensesPerBooksAmt>452241</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>452241</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>452241</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Misc Investment Income</Desc>
        <RevenueAndExpensesPerBooksAmt>3615</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3615</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3615</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAINS(LOSSES)</Desc>
        <Amt>124559379</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Management fees</CategoryTxt>
        <Amt>420429</Amt>
        <NetInvestmentIncomeAmt>210214</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>420429</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Technology services</CategoryTxt>
        <Amt>5408</Amt>
        <NetInvestmentIncomeAmt>2704</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5408</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Consulting</CategoryTxt>
        <Amt>144000</Amt>
        <NetInvestmentIncomeAmt>72000</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>144000</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>Payroll tax</CategoryTxt>
        <Amt>7725</Amt>
        <NetInvestmentIncomeAmt>3862</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7725</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Income Tax</CategoryTxt>
        <Amt>270000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Foreign tax</CategoryTxt>
        <Amt>76590</Amt>
        <NetInvestmentIncomeAmt>76590</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>76590</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Property Tax</CategoryTxt>
        <Amt>4598</Amt>
        <NetInvestmentIncomeAmt>4598</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>4598</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>