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        <PersonNm>FRANCIS BLAKE</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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        <ReportableCompFromRltdOrgAmt>0</ReportableCompFromRltdOrgAmt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>MICHAEL J FEDAK</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>MICHAEL A KAUFMAN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>0.60</AverageHoursPerWeekRt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>JAY H NEWMAN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>NICK OHNELL</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
        <AverageHoursPerWeekRt>0.60</AverageHoursPerWeekRt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>THOMAS W SMITH</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>KATHY CROW</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>HARVEY GOLUB</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>JOSEPH KRISTOL</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>JOHN PAULSON</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>KATHRYN S WYLDE</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>RAVENEL CURRY</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>MAURICE R GREENBERG</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>SUSAN LEBOVITZ-EDELMAN</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>RUSSELL PENNOYER</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>WARREN STEPHENS</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>ANTHONY P COLES</PersonNm>
        <TitleTxt>TRUSTEE</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>ILANA GOLANT</PersonNm>
        <TitleTxt>EXECUTIVE VICE PRESIDENT</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>BENJAMIN MCDOWELL BIRNEY</PersonNm>
        <TitleTxt>VP, ADMIN / GENERAL COUNSEL</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>BRIAN CHARLES ANDERSON</PersonNm>
        <TitleTxt>EDITOR, CITY JOURNAL</TitleTxt>
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        <PersonNm>BRANDON FULLER</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>YAEL LEVIN HUNGERFORD</PersonNm>
        <TitleTxt>EXEC DIR, ADAM SMITH SOCIETY</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>ANDREW LAW</PersonNm>
        <TitleTxt>VP, DEVELOPMENT</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>MICHELE LEE JACOB</PersonNm>
        <TitleTxt>VP, STRATEGY &amp; COMMUNICATIONS</TitleTxt>
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        <PersonNm>JASON RILEY</PersonNm>
        <TitleTxt>SENIOR FELLOW</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>MARK PHILIP MILLS</PersonNm>
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      <Form990PartVIISectionAGrp>
        <PersonNm>CHRISTOPHER RUFO</PersonNm>
        <TitleTxt>SENIOR FELLOW</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>HEATHER MAC DONALD</PersonNm>
        <TitleTxt>THOMAS W SMITH FELLOW</TitleTxt>
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      <Form990PartVIISectionAGrp>
        <PersonNm>JESSICA RIEDL</PersonNm>
        <TitleTxt>SENIOR FELLOW</TitleTxt>
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          <BusinessName>
            <BusinessNameLine1Txt>MERIDIAN PRINTINGCOM</BusinessNameLine1Txt>
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        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>1538 SOUTH COUNTY TRAIL</AddressLine1Txt>
            <CityNm>EAST GREENWICH</CityNm>
            <StateAbbreviationCd>RI</StateAbbreviationCd>
            <ZIPCd>02818</ZIPCd>
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      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>CHRISTOPHER RUFO LLC</BusinessNameLine1Txt>
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        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>5114 POINT FOSDICK DR STE F3001</AddressLine1Txt>
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            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98335</ZIPCd>
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      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>MARCUM LLP</BusinessNameLine1Txt>
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        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>750 THIRD AVE 11TH FL</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
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      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>GOODFOLK INC DBA ROCKSTAR CODERS</BusinessNameLine1Txt>
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        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>2519 WHITNEY AVE</AddressLine1Txt>
            <CityNm>HAMDEN</CityNm>
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            <ZIPCd>06518</ZIPCd>
          </USAddress>
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      <ContractorCompensationGrp>
        <ContractorName>
          <BusinessName>
            <BusinessNameLine1Txt>ROLAND FRYER</BusinessNameLine1Txt>
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        <ContractorAddress>
          <USAddress>
            <AddressLine1Txt>20 LOWELL ST</AddressLine1Txt>
            <CityNm>CAMBRIDGE</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02138</ZIPCd>
          </USAddress>
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        <ServicesDesc>FELLOWSHIP</ServicesDesc>
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      <FundraisingAmt>3821077</FundraisingAmt>
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      <TotalContributionsAmt>23969727</TotalContributionsAmt>
      <ProgramServiceRevenueGrp>
        <Desc>BOOK SALES</Desc>
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      <GrossAmountSalesAssetsGrp>
        <SecuritiesAmt>457062</SecuritiesAmt>
      </GrossAmountSalesAssetsGrp>
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        <SecuritiesAmt>6526</SecuritiesAmt>
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        <TotalRevenueColumnAmt>6526</TotalRevenueColumnAmt>
        <ExclusionAmt>6526</ExclusionAmt>
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        <TotalRevenueColumnAmt>628924</TotalRevenueColumnAmt>
        <ExclusionAmt>628924</ExclusionAmt>
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        <Desc>OTHER MISCELLANEOUS INCOME</Desc>
        <BusinessCd>900099</BusinessCd>
        <TotalRevenueColumnAmt>23800</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>23800</RelatedOrExemptFuncIncomeAmt>
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      <OtherRevenueTotalAmt>23800</OtherRevenueTotalAmt>
      <TotalRevenueGrp>
        <TotalRevenueColumnAmt>25502549</TotalRevenueColumnAmt>
        <RelatedOrExemptFuncIncomeAmt>135182</RelatedOrExemptFuncIncomeAmt>
        <UnrelatedBusinessRevenueAmt>0</UnrelatedBusinessRevenueAmt>
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      <GrantsToDomesticIndividualsGrp>
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        <ProgramServicesAmt>45990</ProgramServicesAmt>
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        <TotalAmt>2496960</TotalAmt>
        <ProgramServicesAmt>1847990</ProgramServicesAmt>
        <ManagementAndGeneralAmt>513740</ManagementAndGeneralAmt>
        <FundraisingAmt>135230</FundraisingAmt>
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        <ProgramServicesAmt>9297166</ProgramServicesAmt>
        <ManagementAndGeneralAmt>886933</ManagementAndGeneralAmt>
        <FundraisingAmt>232852</FundraisingAmt>
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      <PensionPlanContributionsGrp>
        <TotalAmt>579280</TotalAmt>
        <ProgramServicesAmt>430796</ProgramServicesAmt>
        <ManagementAndGeneralAmt>117594</ManagementAndGeneralAmt>
        <FundraisingAmt>30890</FundraisingAmt>
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      <OtherEmployeeBenefitsGrp>
        <TotalAmt>841987</TotalAmt>
        <ProgramServicesAmt>730800</ProgramServicesAmt>
        <ManagementAndGeneralAmt>88054</ManagementAndGeneralAmt>
        <FundraisingAmt>23133</FundraisingAmt>
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      <PayrollTaxesGrp>
        <TotalAmt>859215</TotalAmt>
        <ProgramServicesAmt>734866</ProgramServicesAmt>
        <ManagementAndGeneralAmt>98473</ManagementAndGeneralAmt>
        <FundraisingAmt>25876</FundraisingAmt>
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      <FeesForServicesLegalGrp>
        <TotalAmt>509938</TotalAmt>
        <ProgramServicesAmt>313147</ProgramServicesAmt>
        <ManagementAndGeneralAmt>155840</ManagementAndGeneralAmt>
        <FundraisingAmt>40951</FundraisingAmt>
      </FeesForServicesLegalGrp>
      <FeesForServicesAccountingGrp>
        <TotalAmt>333682</TotalAmt>
        <ProgramServicesAmt>141478</ProgramServicesAmt>
        <ManagementAndGeneralAmt>173642</ManagementAndGeneralAmt>
        <FundraisingAmt>18562</FundraisingAmt>
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      <FeesForSrvcInvstMgmntFeesGrp>
        <TotalAmt>107019</TotalAmt>
        <ManagementAndGeneralAmt>107019</ManagementAndGeneralAmt>
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      <FeesForServicesOtherGrp>
        <TotalAmt>1187340</TotalAmt>
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        <ManagementAndGeneralAmt>204857</ManagementAndGeneralAmt>
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        <ProgramServicesAmt>341984</ProgramServicesAmt>
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        <ProgramServicesAmt>307952</ProgramServicesAmt>
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        <FundraisingAmt>26447</FundraisingAmt>
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        <ProgramServicesAmt>379385</ProgramServicesAmt>
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        <ProgramServicesAmt>4695</ProgramServicesAmt>
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        <FundraisingAmt>74859</FundraisingAmt>
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        <ProgramServicesAmt>435565</ProgramServicesAmt>
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        <CurrentTaxYearMinus2YearsAmt>20496436</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>26205112</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>23969727</CurrentTaxYearAmt>
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        <CurrentTaxYearAmt>23969727</CurrentTaxYearAmt>
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        <CurrentTaxYearAmt>769880</CurrentTaxYearAmt>
        <TotalAmt>1036284</TotalAmt>
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        <CurrentTaxYearAmt>23800</CurrentTaxYearAmt>
        <TotalAmt>157703</TotalAmt>
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      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:</FormAndLineReferenceDesc>
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    <IRS990ScheduleB documentId="RetDoc1234500001">
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        <ContributorNum>RESTRICTED</ContributorNum>
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          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
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        <FilingOrganizationsTotalAmt>0</FilingOrganizationsTotalAmt>
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      <TotalLobbyingExpendGrp>
        <FilingOrganizationsTotalAmt>112500</FilingOrganizationsTotalAmt>
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      <OtherExemptPurposeExpendGrp>
        <FilingOrganizationsTotalAmt>22521051</FilingOrganizationsTotalAmt>
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      <TotalExemptPurposeExpendGrp>
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      <LobbyingNontaxableAmountGrp>
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      <GrassrootsNontaxableGrp>
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      <TotLbbyngGrassrootMnsNonTxGrp>
        <FilingOrganizationsTotalAmt>0</FilingOrganizationsTotalAmt>
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        <FilingOrganizationsTotalAmt>0</FilingOrganizationsTotalAmt>
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      <AvgLobbyingNontaxableAmountGrp>
        <CurrentYearMinus1Amt>1000000</CurrentYearMinus1Amt>
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      <AvgTotalLobbyingExpendGrp>
        <CurrentYearMinus1Amt>0</CurrentYearMinus1Amt>
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      <OtherSecuritiesGrp>
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      <OtherAssetsOrgGrp>
        <Desc>RIGHT-OF-USE OPERATING LEASE ASSET</Desc>
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      <OtherLiabilitiesOrgGrp>
        <Desc>RIGHT-OF-USE OPERATING LEASE LIABILITY</Desc>
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      </OtherLiabilitiesOrgGrp>
      <OtherLiabilitiesOrgGrp>
        <Desc>RIGHT-OF-USE FINANCE LEASE LIABILITY</Desc>
        <Amt>6938</Amt>
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      <FootnoteTextInd>X</FootnoteTextInd>
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        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
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      <SupplementalInformationDetail>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
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