﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2024v5.2">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-10-29T17:27:08-05:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>331374517</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>PKF O'CONNOR DAVIES ADVISORY LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>20 COMMERCE DRIVE SUITE 301</AddressLine1Txt>
        <CityNm>CRANFORD</CityNm>
        <StateAbbreviationCd>NJ</StateAbbreviationCd>
        <ZIPCd>070163618</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>221559427</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>FANNIE E RIPPEL FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>FANN</BusinessNameControlTxt>
      <PhoneNum>9735400101</PhoneNum>
      <USAddress>
        <AddressLine1Txt>14 MAPLE AVENUE 200</AddressLine1Txt>
        <CityNm>MORRISTOWN</CityNm>
        <StateAbbreviationCd>NJ</StateAbbreviationCd>
        <ZIPCd>079605451</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>REBECCA PAYNE</PersonNm>
      <PersonTitleTxt>PRESIDENT AND CEO</PersonTitleTxt>
      <PhoneNum>9735400101</PhoneNum>
      <SignatureDt>2025-10-29</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>0</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>SCOTT BROWN</PreparerPersonNm>
      <PTIN>P02104034</PTIN>
      <PhoneNum>9143818900</PhoneNum>
      <PreparationDt>2025-10-29</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="15">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>88497793</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>1513000</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>185770</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>185770</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>185770</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>510676</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>931215</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>931215</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>8690992</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>37547253</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>7427588</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>193791</NetSTCapitalGainAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc2001500001">321701</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>212758</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>534459</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>11222139</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>8757331</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>1845235</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>656505</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>7548</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstAdjNetIncmAmt>7548</CompOfcrDirTrstAdjNetIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>580064</CompOfcrDirTrstDsbrsChrtblAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>2846125</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>0</OthEmplSlrsWgsNetInvstIncmAmt>
        <OthEmplSlrsWgsAdjNetIncmAmt>0</OthEmplSlrsWgsAdjNetIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>2748233</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>733115</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>1316</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftAdjNetIncmAmt>1316</PensionEmplBnftAdjNetIncmAmt>
        <PensionEmplBnftDsbrsChrtblAmt>1453697</PensionEmplBnftDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002100001">4138</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>0</LegalFeesNetInvstIncmAmt>
        <LegalFeesAdjNetIncmAmt>0</LegalFeesAdjNetIncmAmt>
        <LegalFeesDsbrsChrtblAmt>5126</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">46950</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>0</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>45450</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">1322607</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>558128</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesAdjNetIncmAmt>879829</OtherProfFeesAdjNetIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>492102</OtherProfFeesDsbrsChrtblAmt>
        <InterestNetInvstIncmAmt>68073</InterestNetInvstIncmAmt>
        <InterestAdjNetIncmAmt>68073</InterestAdjNetIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">140145</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>78207</TaxesNetInvstIncmAmt>
        <TaxesAdjNetIncmAmt>78207</TaxesAdjNetIncmAmt>
        <TaxesDsbrsChrtblAmt>79000</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt>12927</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnNetInvstIncmAmt>0</DeprecAndDpltnNetInvstIncmAmt>
        <DeprecAndDpltnAdjNetIncmAmt>0</DeprecAndDpltnAdjNetIncmAmt>
        <OccupancyRevAndExpnssAmt>146023</OccupancyRevAndExpnssAmt>
        <OccupancyNetInvstIncmAmt>0</OccupancyNetInvstIncmAmt>
        <OccupancyAdjNetIncmAmt>0</OccupancyAdjNetIncmAmt>
        <OccupancyDsbrsChrtblAmt>146023</OccupancyDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>306247</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>3062</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingAdjNetIncmAmt>3062</TravConfMeetingAdjNetIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>320406</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">443655</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>532283</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>532283</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>480561</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>6658437</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>1248617</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>1570318</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>6350662</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>64150</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>86650</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>6722587</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>1248617</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>1570318</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>6437312</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>4499552</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>7508714</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>274917</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>1220057</CashBOYAmt>
        <CashEOYAmt>1018451</CashEOYAmt>
        <CashEOYFMVAmt>1018451</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>3554008</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>3343272</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>3343272</SavAndTempCashInvstEOYFMVAmt>
        <AcctRcvblBOYAmt>49000</AcctRcvblBOYAmt>
        <GrantsReceivableBOYAmt>828157</GrantsReceivableBOYAmt>
        <GrantsReceivableEOYAmt>1207816</GrantsReceivableEOYAmt>
        <GrantsReceivableEOYFMVAmt>1207816</GrantsReceivableEOYFMVAmt>
        <PrepaidExpensesBOYAmt>43694</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>69303</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>69303</PrepaidExpensesEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>1569958</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="RetDoc2210400001">1004901</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>1004901</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>13682361</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">6007669</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>6007669</CorporateStockEOYFMVAmt>
        <MortgageLoansBOYAmt>0</MortgageLoansBOYAmt>
        <MortgageLoansEOYAmt>1565353</MortgageLoansEOYAmt>
        <MortgageLoansEOYFMVAmt>1565353</MortgageLoansEOYFMVAmt>
        <OtherInvestmentsBOYAmt>61932060</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc2018100001">73992682</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>73992682</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>891035</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>877514</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>20755</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="RetDoc2059000001">13521</LandEOYAmt>
        <LandEOYFMVAmt>13521</LandEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc2046600001">2427259</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc2046600001">274825</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc2046600001">274825</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>85327309</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>88497793</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>88497793</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>841785</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>632025</AccountsPayableEOYAmt>
        <GrantsPayableBOYAmt>22500</GrantsPayableBOYAmt>
        <DeferredRevenueBOYAmt>82500</DeferredRevenueBOYAmt>
        <DeferredRevenueEOYAmt>31500</DeferredRevenueEOYAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="RetDoc2065700001">2728600</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="RetDoc2065700001">2516290</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>3675385</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>3179815</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>80823767</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>84076207</NoDonorRstrNetAssestsEOYAmt>
        <DonorRstrNetAssetsBOYAmt>828157</DonorRstrNetAssetsBOYAmt>
        <DonorRstrNetAssetsEOYAmt>1241771</DonorRstrNetAssetsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>81651924</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>85317978</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>85327309</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>88497793</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>81651924</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>4499552</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>86151476</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc2049800001">833498</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>85317978</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SALE OF PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>36553631</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>32993797</CostOrOtherBasisAmt>
          <GainOrLossAmt>3559834</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3559834</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>AIR U.S. LIFE FUND IV, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>55740</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>55740</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BOND II, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-41649</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-41649</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BOND III, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-15771</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-15771</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>COLCHIS P2P INCOME FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>66532</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>54745</CostOrOtherBasisAmt>
          <GainOrLossAmt>11787</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>11787</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>DALTON INVESTMENTS TRUST-SERIES B</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-34114</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-34114</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>DALTON INVESTMENTS TRUST-SERIES B</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>263447</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>263447</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ECHO STREET GOODCO SELECT II, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>8413</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>8413</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FORESITE CAPITAL FUND V, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>347</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>347</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FORESITE CAPITAL FUND V, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>14</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>14</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FORESITE CAPITAL FUND VI, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-4077</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4077</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FORESITE CAPITAL FUND VI, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>7672</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7672</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FORESITE CAPITAL OPPORTUNITY FUND V, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-145</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-145</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FORESITE CAPITAL OPPORTUNITY FUND V, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-2068</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2068</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FUNDSMITH EQUITY FUND, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>27437</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>27437</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FUNDSMITH EQUITY FUND, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>2331773</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2331773</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GQG PARTNERS INTERNATIONAL EQUITY FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>149509</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>149509</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GQG PARTNERS INTERNATIONAL EQUITY FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>369206</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>369206</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>INDIA ACORN FUND (CAYMAN) LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>300000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>114938</CostOrOtherBasisAmt>
          <GainOrLossAmt>185062</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>185062</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>INNOVATION ENDEAVORS IV, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-13491</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-13491</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LIGHTHOUSE INDIA FUND III LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>394990</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>394990</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MAREN CAPITAL MAREN FUND LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>304</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>304</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MGG SF EVERGREEN UNLEVERED FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>1380</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1380</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MGG SF EVERGREEN UNLEVERED FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-56045</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-56045</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NEW GENERATION TURNAROUND FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-4804</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4804</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NOVALIS LIFESCIENCES INVESTMENTS II, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-13427</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-13427</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NOVALIS LIFESCIENCES INVESTMENTS II, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-63939</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-63939</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>OLEA SPECIAL OPPORTUNITIES FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>183163</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>32706</CostOrOtherBasisAmt>
          <GainOrLossAmt>150457</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>150457</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>OWLS NEST PARTNERS LONG ONLY FUND, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>45896</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>45896</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>OWLS NEST PARTNERS LONG ONLY FUND, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-80052</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-80052</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>THE OVERLOOK PARTNERS FUND, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>19738</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>19738</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>THE OVERLOOK PARTNERS FUND, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-12912</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-12912</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WARBURG PINCUS GLOBAL GROWTH, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>5177</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5177</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WARBURG PINCUS JOVIAN GG, L.P.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>91443</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>47611</CostOrOtherBasisAmt>
          <GainOrLossAmt>43832</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>43832</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WARBURG PINCUS PRIVATE EQUITY (E&amp;P) XII (B), LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>696</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>696</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WARBURG PINCUS PRIVATE EQUITY (E&amp;P) XII (B), LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-12491</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-12491</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WARBURG PINCUS PRIVATE EQUITY XII L.P.</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>66227</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>66227</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WCM FOCUSED INTERNATIONAL OPP FUND LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>-43585</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-43585</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WF ASIAN SMALLER COMPANIES FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>36570</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>36570</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>YORK CREDIT OPPORTUNITIES UNIT TRUST</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>352484</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>261834</CostOrOtherBasisAmt>
          <GainOrLossAmt>90650</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>90650</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>7427588</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>193791</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>104371</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>104371</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>104371</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>104918</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>104918</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1192000001">X</Form2220AttachedInd>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>547</OverpaymentAmt>
        <AppliedToESTaxAmt>547</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>1</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>1</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NJ</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>MA</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>MO</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>CO</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>NH</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>DE</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>GA</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>TX</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>LA</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>DC</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>MI</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>PA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>1</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>WWW.RIPPELFOUNDATION.ORG</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>THE FOUNDATION</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>9735400101</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
          <CityNm>MORRISTOWN</CityNm>
          <StateAbbreviationCd>NJ</StateAbbreviationCd>
          <ZIPCd>079605451</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>1</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>1</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>0</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>EDWARD AHART</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE/CHAIRMAN OF BOARD</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>6.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>6000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAVID SURRENDA</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE/SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>6000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CAROLYN BROOKS</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>6000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANU GUPTA</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>6000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ELLIOTT FISHER</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>6000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JAMES SONNEBORN</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>6000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MICHAEL HARRIS</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>6000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LYDIA NADEAU</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>6000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>REBECCA PAYNE</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT/CEO</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>377422</CompensationAmt>
          <EmployeeBenefitProgramAmt>50179</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>AUDREY WELLS</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR, FINANCE &amp; ADMINISTRATION</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>231083</CompensationAmt>
          <EmployeeBenefitProgramAmt>36231</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>ROBERT MILSTEIN</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR, SYSTEM STR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>273760</CompensationAmt>
          <EmployeeBenefitsAmt>40096</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>TARA OAKMAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>SVP, STRATEGIC INITI</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>207921</CompensationAmt>
          <EmployeeBenefitsAmt>31588</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>ALEX MIDDLETON</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>DIR. STRATEGY, CULTU</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>180258</CompensationAmt>
          <EmployeeBenefitsAmt>23442</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>JANE ERICKSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR, LEARNING &amp;</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>170837</CompensationAmt>
          <EmployeeBenefitsAmt>19404</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>TERESA WADE</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 MAPLE AVENUE SUITE 200</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR, COMMS &amp; IN</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>157419</CompensationAmt>
          <EmployeeBenefitsAmt>13415</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <OtherEmployeePaidOver50kCnt>17</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>THE COLONY GROUP</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>570 LEXINGTON AVENUE 5TH FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10022</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT ADVISOR</ServiceTypeTxt>
          <CompensationAmt>419152</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>SJK CONSULTING LLC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>4115 HOOVER LANE</AddressLine1Txt>
            <CityNm>WHARTON</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07885</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>IT CONSULTANT</ServiceTypeTxt>
          <CompensationAmt>172620</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>US FEDERATION OF WORKER COOPERATIVE</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>1315 WALNUT ST STE 320</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19107</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>PROJECT CONSULTANT</ServiceTypeTxt>
          <CompensationAmt>122700</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>COMMUNITY SCIENCE INC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>115 BUSINESS PARK DRIVE</AddressLine1Txt>
            <CityNm>WINSTONSALEM</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27310</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>EVALUATION CONSULTANT</ServiceTypeTxt>
          <CompensationAmt>122332</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>VICTORIA STREET GRAPHIC DESIGN</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>112 W AVENUE SANTIAGO</AddressLine1Txt>
            <CityNm>SAN CLEMENTE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92672</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>COMMUNICATIONS CONSULTANT</ServiceTypeTxt>
          <CompensationAmt>65520</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>1</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>RETHINK HEALTH, RIPPEL'S FLAGSHIP INITIATIVE, EXPLORES HOW TO ACHIEVE EQUITABLE SYSTEMS CHANGE IN REAL-WORLD SETTINGS. RETHINK HEALTH WORKS WITH NATIONAL AND REGIONAL STEWARDS AND INNOVATORS IN HEALTH SYSTEMS, PHILANTHROPY, BUSINESS, GOVERNMENT, COMMUNITIES, AND COALITIONS, PROVIDING TOOLS, FRAMEWORKS, AND EXPERTISE THAT HELP INDIVIDUALS, ORGANIZATIONS, AND COMMUNITIES CONSIDER HOW TO MAKE TRANSFORMATIVE, LASTING CHANGE AND SHIFT INVESTMENTS IN MEANINGFUL WAYS THAT SUPPORT THRIVING POPULATIONS.SERVICES OFFERED INCLUDE FREE RESOURCES, MULTI-YEAR PARTNERSHIP ARRANGEMENTS, AND AN ALUMNI NETWORK FOR THOSE ALREADY FAMILIAR WITH RIPPEL'S APPROACHES WHO WANT TO DEEPEN THEIR KNOWLEDGE AND HAVE OPPORTUNITIES TO LEARN WITH PEERS.</Description1Txt>
        <Expenses1Amt>5371623</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>84736676</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1145968</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>85882644</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>85882644</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1288240</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>84594404</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>4229720</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>6437312</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>5693</CharitableAssetsAcquisPaidAmt>
        <QualifyingDistributionsAmt>6443005</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <PrivateOperatingFoundationsGrp>
        <PrivateOperatingFndtnRulingDt>2020-01-10</PrivateOperatingFndtnRulingDt>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>274917</CurrentYearAmt>
          <Year1Amt>984698</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>1259615</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <CurrentYearAmt>233679</CurrentYearAmt>
          <Year1Amt>836993</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>1070673</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>6443005</CurrentYearAmt>
          <Year1Amt>6757407</Year1Amt>
          <Year2Amt>6349221</Year2Amt>
          <Year3Amt>5926119</Year3Amt>
          <TotalAmt>25475752</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriNotUsedDrtGrp>
          <CurrentYearAmt>86650</CurrentYearAmt>
          <Year1Amt>247200</Year1Amt>
          <Year2Amt>344700</Year2Amt>
          <Year3Amt>209300</Year3Amt>
          <TotalAmt>887850</TotalAmt>
        </QualifyingDistriNotUsedDrtGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>6356355</CurrentYearAmt>
          <Year1Amt>6510207</Year1Amt>
          <Year2Amt>6004521</Year2Amt>
          <Year3Amt>5716819</Year3Amt>
          <TotalAmt>24587902</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TotalAssetsGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsGrp>
        <TotalAssetsSect4942j3BiGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsSect4942j3BiGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>2819813</CurrentYearAmt>
          <Year1Amt>2708117</Year1Amt>
          <Year2Amt>2918181</Year2Amt>
          <Year3Amt>3179794</Year3Amt>
          <TotalAmt>11625905</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
        <TotalSupportGrp>
          <TotalAmt>0</TotalAmt>
        </TotalSupportGrp>
        <PublicSupportType>
          <TotalAmt>0</TotalAmt>
        </PublicSupportType>
        <LargestSupportFromEOGrp>
          <TotalAmt>0</TotalAmt>
        </LargestSupportFromEOGrp>
        <GrossInvestmentIncomeGrp>
          <TotalAmt>0</TotalAmt>
        </GrossInvestmentIncomeGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COUNCIL OF FOUNDATIONS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 715674</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>191715674</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO SUPPORT THE ORGANIZATION IN ENSURING THAT PHILANTHROPY IS A TRUSTED PARTNER IN ADVANCING THE GREATER GOOD.</GrantOrContributionPurposeTxt>
          <Amt>6500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GRANTMAKERS IN HEALTH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>100 CONNECTICUT AVE NW SUITE 1200</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20036</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO SUPPORT FOUNDATIONS STAYING CONNECTED THROUGH GIH'S FUNDING PARTNER CONSTITUENCY TO COORDINATE EFFORTS TO IMPROVE HEALTH</GrantOrContributionPurposeTxt>
          <Amt>6150</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NATIONAL ACADEMY OF SCIENCES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>NAS-NRC PROGRAMS PO BOX 931003</AddressLine1Txt>
            <CityNm>ATLANTA</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>311931003</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO SPONSOR THE ROUNDTABLE ON POPULATION HEALTH IMPROVEMENT, WHICH IS ONE OF THE MOST EFFECTIVE ELEMENTS IN INFLUENCING AGENDA NATIONWIDE.</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NORTH SHORE ANIMAL LEAGUE AMERICA INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>16 LEWYT STREET</AddressLine1Txt>
            <CityNm>PORT WASHINGTON</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11050</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE.</GrantOrContributionPurposeTxt>
          <Amt>1500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ZUFALL HEALTH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4 ATNO AVENUE</AddressLine1Txt>
            <CityNm>MORRISTOWN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07960</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO SUPPORT THE ORGANIZATION IN ACTIVITIES THAT IMPROVE THE HEALTH AND WELL-BEING IN THE SURROUNDING COMMUNITIES, THEREBY CREATING CONDITIONS WHICH ENABLE PEOPLE TO THRIVE.</GrantOrContributionPurposeTxt>
          <Amt>22500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>86650</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <ProgramServiceRevenueDtl>
          <Desc>CONTRACT INCOME</Desc>
          <RelatedOrExemptFunctionIncmAmt>321701</RelatedOrExemptFunctionIncmAmt>
        </ProgramServiceRevenueDtl>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>185770</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>510676</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>8690992</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>9387438</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>321701</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>9709139</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>1A</LineNumberTxt>
          <RelationshipStatementTxt>THE CONTRACT INCOME IN PART XVI-A IS DERIVED FROM A VARIETY OF ENGAGEMENTS WHERE THE FOUNDATION PROVIDES SERVICES TO OTHER FOUNDATIONS, FOUNDATION-FUNDED INITIATIVES, NATIONAL, STATE OR REGIONAL COLLABORATIVES, HOSPITAL SYSTEMS, ACADEMIC INSTITUTIONS, OR OTHER HEALTH AND WELL-BEING-RELATED ORGANIZATIONS. THESE SERVICES INCLUDE RESEARCH, ANALYSIS, ADVISING, COACHING, MENTORING, MEETING FACILITATION, EDUCATIONAL WORKSHOPS, SCENARIO MODELING, AND TRAINING. EACH ENGAGEMENT IS DESIGNED TO SUPPORT THESE GROUPS IN PURSUING SYSTEMWIDE, TRANSFORMATIVE CHANGES IN HEALTHCARE AND WELL-BEING.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <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>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>ROBERT WOOD JOHNSON FOUNDATION</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>50 COLLEGE ROAD EAST</AddressLine1Txt>
          <CityNm>PRINCETON</CityNm>
          <StateAbbreviationCd>NJ</StateAbbreviationCd>
          <ZIPCd>08540</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>1500000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>AUDIT AND TAX PREPARATION</CategoryTxt>
        <Amt>46950</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>45450</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>ALPHABET INC 1,620.0000 SHARES</StockNm>
        <EOYBookValueAmt>308514</EOYBookValueAmt>
        <EOYFMVAmt>308514</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AXALTA COATING SYSTEMS LTD 3,700.0000 SHARES</StockNm>
        <EOYBookValueAmt>126614</EOYBookValueAmt>
        <EOYFMVAmt>126614</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BANK OF AMERICA CORP 7,000.0000 SHARES</StockNm>
        <EOYBookValueAmt>307650</EOYBookValueAmt>
        <EOYFMVAmt>307650</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BAXTER INTERNATIONAL INC 9,100.0000 SHARES</StockNm>
        <EOYBookValueAmt>265356</EOYBookValueAmt>
        <EOYFMVAmt>265356</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERKSHIRE HATHAWAY INC 665.0000 SHARES</StockNm>
        <EOYBookValueAmt>301431</EOYBookValueAmt>
        <EOYFMVAmt>301431</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CORNING INC 2,600.0000 SHARES</StockNm>
        <EOYBookValueAmt>123552</EOYBookValueAmt>
        <EOYFMVAmt>123552</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DEVON ENERGY CORP 4,800.0000 SHARES</StockNm>
        <EOYBookValueAmt>157104</EOYBookValueAmt>
        <EOYFMVAmt>157104</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DUN &amp; BRADSTREET HOLDINGS INC 10,500.0000 SHARES</StockNm>
        <EOYBookValueAmt>130830</EOYBookValueAmt>
        <EOYFMVAmt>130830</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ELANCO ANIMAL HEALTH INC 25,800.0000 SHARES</StockNm>
        <EOYBookValueAmt>312438</EOYBookValueAmt>
        <EOYFMVAmt>312438</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GRAPHIC PACKAGING HOLDING CO 10,300.0000 SHARES</StockNm>
        <EOYBookValueAmt>279748</EOYBookValueAmt>
        <EOYFMVAmt>279748</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>L3HARRIS TECHNOLOGIES INC 1,305.0000 SHARES</StockNm>
        <EOYBookValueAmt>274415</EOYBookValueAmt>
        <EOYFMVAmt>274415</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LIONS GATE ENTERTAINMENT CORP 33,000.0000 SHARES</StockNm>
        <EOYBookValueAmt>249150</EOYBookValueAmt>
        <EOYFMVAmt>249150</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MICRON TECHNOLOGY INC 3,345.0000 SHARES</StockNm>
        <EOYBookValueAmt>281515</EOYBookValueAmt>
        <EOYFMVAmt>281515</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MOHAWK INDUSTRIES INC 1,430.0000 SHARES</StockNm>
        <EOYBookValueAmt>170356</EOYBookValueAmt>
        <EOYFMVAmt>170356</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NASDAQ INC 3,470.0000 SHARES</StockNm>
        <EOYBookValueAmt>268266</EOYBookValueAmt>
        <EOYFMVAmt>268266</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NCR VOYIX CORP 20,900.0000 SHARES</StockNm>
        <EOYBookValueAmt>289256</EOYBookValueAmt>
        <EOYFMVAmt>289256</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>OKTA INC 2,665.0000 SHARES</StockNm>
        <EOYBookValueAmt>210002</EOYBookValueAmt>
        <EOYFMVAmt>210002</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PENN ENTERTAINMENT INC 14,400.0000 SHARES</StockNm>
        <EOYBookValueAmt>285408</EOYBookValueAmt>
        <EOYFMVAmt>285408</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PINTEREST INC 8,900.0000 SHARES</StockNm>
        <EOYBookValueAmt>258100</EOYBookValueAmt>
        <EOYFMVAmt>258100</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SENSATA TECHNOLOGIES HOLDING P 7,700.0000 SHARES</StockNm>
        <EOYBookValueAmt>210980</EOYBookValueAmt>
        <EOYFMVAmt>210980</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SS&amp;C TECHNOLOGIES HOLDINGS INC 3,375.0000 SHARES</StockNm>
        <EOYBookValueAmt>255758</EOYBookValueAmt>
        <EOYFMVAmt>255758</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TOPGOLF CALLAWAY BRANDS CORP 19,000.0000 SHARES</StockNm>
        <EOYBookValueAmt>149340</EOYBookValueAmt>
        <EOYFMVAmt>149340</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ULTRA CLEAN HOLDINGS INC 3,400.0000 SHARES</StockNm>
        <EOYBookValueAmt>122230</EOYBookValueAmt>
        <EOYFMVAmt>122230</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WALT DISNEY CO/THE 3,225.0000 SHARES</StockNm>
        <EOYBookValueAmt>359104</EOYBookValueAmt>
        <EOYFMVAmt>359104</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ZIMMER BIOMET HOLDINGS INC 2,940.0000 SHARES</StockNm>
        <EOYBookValueAmt>310552</EOYBookValueAmt>
        <EOYFMVAmt>310552</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc2210400001">
      <USGovtObligationsBookVlEOYAmt>1004901</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>1004901</USGovtObligationsEOYFMVAmt>
      <StateLocalSecBookVlEOYAmt>0</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>0</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AIR US LIFE FUND IV (CARLISLE?)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1846254</BookValueAmt>
        <EOYFMVAmt>1846254</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ASM CONNAUGHT HOUSE FUND III (ARGYLE)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1579890</BookValueAmt>
        <EOYFMVAmt>1579890</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BOND CAPITAL FUND L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1458724</BookValueAmt>
        <EOYFMVAmt>1458724</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BOND II,LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1015092</BookValueAmt>
        <EOYFMVAmt>1015092</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BOND III, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>394617</BookValueAmt>
        <EOYFMVAmt>394617</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>COLCHIS P2P INCOME FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>103728</BookValueAmt>
        <EOYFMVAmt>103728</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>COURAGE MUSIC PARTNERS III</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>25650</BookValueAmt>
        <EOYFMVAmt>25650</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DALTON INVESTMENT SERIES B ASIA</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3050082</BookValueAmt>
        <EOYFMVAmt>3050082</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DG VALUE PARTNERS OFFSHORE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2222725</BookValueAmt>
        <EOYFMVAmt>2222725</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FORESITE CAPITAL FUND V</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>446755</BookValueAmt>
        <EOYFMVAmt>446755</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FORESITE CAPITAL FUND VI</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>369089</BookValueAmt>
        <EOYFMVAmt>369089</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FORESITE CAPITAL OPPORTUNITY FUND V</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>109457</BookValueAmt>
        <EOYFMVAmt>109457</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FUNDSMITH EQUITY FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3543405</BookValueAmt>
        <EOYFMVAmt>3543405</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GNMA GTD REMIC P/T 17-38 Z 4.000% 03/20/2047 250,740.9254 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>211074</BookValueAmt>
        <EOYFMVAmt>211074</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GNMA GTD REMIC P/T 21-156 CZ 2.500% 09/20/2051 184,196.0708 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>109495</BookValueAmt>
        <EOYFMVAmt>109495</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GNMA GTD REMIC P/T 22-127 QM 4.000% 07/20/2052 240,000.0000 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>199238</BookValueAmt>
        <EOYFMVAmt>199238</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GNMA GTD REMIC P/T 22-139 ZE 3.500% 04/20/2052 56,297.1757 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>41517</BookValueAmt>
        <EOYFMVAmt>41517</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GNMA GTD REMIC P/T 22-152 CN 4.000% 09/20/2052 178,000.0000 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>149296</BookValueAmt>
        <EOYFMVAmt>149296</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GNMA GTD REMIC P/T 22-152 DN 4.500% 09/20/2052 211,000.0000 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>187587</BookValueAmt>
        <EOYFMVAmt>187587</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GNMA GTD REMIC P/T 22-18 PZ 2.500% 01/20/2052 103,431.3481 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>62182</BookValueAmt>
        <EOYFMVAmt>62182</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GNMA GTD REMIC P/T 23-106 LZ 5.000% 07/20/2053 106,251.1918 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>101479</BookValueAmt>
        <EOYFMVAmt>101479</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GNMA GTD REMIC P/T 23-18 AZ 4.750% 02/20/2053 205,070.4143 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>180718</BookValueAmt>
        <EOYFMVAmt>180718</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GNMA GTD REMIC P/T 23-56 KJ 4.500% 04/20/2053 75,000.0000 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>69926</BookValueAmt>
        <EOYFMVAmt>69926</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GNMA GTD REMIC P/T 23-7 Z 5.000% 01/20/2053 176,057.0418 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>158494</BookValueAmt>
        <EOYFMVAmt>158494</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GNMA GTD REMIC P/T 23-99 EL 5.500% 07/20/2053 129,000.0000 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>125108</BookValueAmt>
        <EOYFMVAmt>125108</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GOEHRING &amp; ROZENCWAJG RES-I 185,956.6730 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2337476</BookValueAmt>
        <EOYFMVAmt>2337476</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GQG INTERNATIONAL</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2809507</BookValueAmt>
        <EOYFMVAmt>2809507</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INDIA ACORN FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3267057</BookValueAmt>
        <EOYFMVAmt>3267057</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INNOVATION ENDEAVORS IV</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>609194</BookValueAmt>
        <EOYFMVAmt>609194</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES CORE S&amp;P 500 ETF 16,246.0000 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>9563695</BookValueAmt>
        <EOYFMVAmt>9563695</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES CORE S&amp;P 500 ETF 3,399.0000 SHARES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2000922</BookValueAmt>
        <EOYFMVAmt>2000922</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LIGHTHOUSE INDIA FUND III</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1005790</BookValueAmt>
        <EOYFMVAmt>1005790</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LIGHTHOUSE INDIA FUND IV</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>421403</BookValueAmt>
        <EOYFMVAmt>421403</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MAREN CAPITAL FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>6432597</BookValueAmt>
        <EOYFMVAmt>6432597</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MGG EVERGREEN UNLEVERED FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3456194</BookValueAmt>
        <EOYFMVAmt>3456194</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NOVALIS LIFESCIENCES II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>542674</BookValueAmt>
        <EOYFMVAmt>542674</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NOVALPINA PRIVATE EQUITY</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>555492</BookValueAmt>
        <EOYFMVAmt>555492</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ORCHARD LIQUID CREDIT FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1343762</BookValueAmt>
        <EOYFMVAmt>1343762</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OVERLOOK PARTNERS FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2464818</BookValueAmt>
        <EOYFMVAmt>2464818</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OWLS NEST PARTNERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2148207</BookValueAmt>
        <EOYFMVAmt>2148207</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>THIRD POINT OFFSHORE FUND LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2150192</BookValueAmt>
        <EOYFMVAmt>2150192</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>THIRD POINT STRUCTURE CREDIT OPPTS OFFSHORE FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3874860</BookValueAmt>
        <EOYFMVAmt>3874860</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WARBURG PINCUS GG 14</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>987123</BookValueAmt>
        <EOYFMVAmt>987123</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WARBURG PINCUS GLOBAL GROWTH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1843910</BookValueAmt>
        <EOYFMVAmt>1843910</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WARBURG PINCUS XII</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1460763</BookValueAmt>
        <EOYFMVAmt>1460763</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WCM FOCUSED INTERNATIONAL OPP FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1031941</BookValueAmt>
        <EOYFMVAmt>1031941</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WF ASIAN SMALLER COMPANIES FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2394257</BookValueAmt>
        <EOYFMVAmt>2394257</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WHITEHAWK IV ONSHORE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>317839</BookValueAmt>
        <EOYFMVAmt>317839</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>YORK CREDIT OPPORTUNITIES UNIT TRUST</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>39436</BookValueAmt>
        <EOYFMVAmt>39436</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>YORK EUROPEAN DISTRESSED CREDIT FUND II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>179019</BookValueAmt>
        <EOYFMVAmt>179019</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>YORK EUROPEAN DISTRESSED CREDIT FUND III</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1038536</BookValueAmt>
        <EOYFMVAmt>1038536</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>YORK EUROPEAN DISTRESSED CREDIT FUND IV</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1954436</BookValueAmt>
        <EOYFMVAmt>1954436</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc2059000001">
      <LandEtcGrp>
        <CategoryOrItemTxt>LEASEHOLD IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>793958</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>793958</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE AND EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>97077</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>83556</AccumulatedDepreciationAmt>
        <BookValueAmt>13521</BookValueAmt>
        <EOYFMVAmt>13521</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>4138</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5126</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>CASH PENDING INVESTMENT</Desc>
        <BOYBookValueAmt>2000000</BOYBookValueAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>PREPAID FEDERAL EXCISE TAX</Desc>
        <BOYBookValueAmt>17149</BOYBookValueAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>RIGHT OF USE ASSET-OPERATING LEASE</Desc>
        <BOYBookValueAmt>410110</BOYBookValueAmt>
        <EOYBookValueAmt>274825</EOYBookValueAmt>
        <EOYFMVAmt>274825</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>DEFERRED EXCISE TAX EXPENSE</Desc>
        <Amt>11946</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSS ON INVESTMENTS</Desc>
        <Amt>818394</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSS ON INVESTMENT HELD FOR DEFERRED PENSION</Desc>
        <Amt>3158</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>DUES AND MEMBERSHIPS</Desc>
        <RevenueAndExpensesPerBooksAmt>21940</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>21890</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>30585</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>30272</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE</Desc>
        <RevenueAndExpensesPerBooksAmt>10717</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>12476</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>32</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>32</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>32</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SERVICES AND EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>48447</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>48900</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TECHNOLOGY AND SUPPORT</Desc>
        <RevenueAndExpensesPerBooksAmt>310482</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>329321</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PROFESSIONAL DEVELOPMENT AND TRAINING</Desc>
        <RevenueAndExpensesPerBooksAmt>21452</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>37702</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER INVESTMENT EXPENSES THROUGH K-1S</Desc>
        <RevenueAndExpensesPerBooksAmt>0</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>532251</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>532251</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>OTHER PARTNERSHIP INCOME</Desc>
        <NetInvestmentIncomeAmt>212758</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>212758</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>CONTRACT INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>321701</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>321701</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilitiesDetail>
        <Desc>DEFERRED EXCISE TAX</Desc>
        <BOYBookValueAmt>170234</BOYBookValueAmt>
        <EOYBookValueAmt>182180</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>DEFERRED PENSION LIABILITY</Desc>
        <BOYBookValueAmt>445736</BOYBookValueAmt>
        <EOYBookValueAmt>0</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>DUE TO BROKER</Desc>
        <BOYBookValueAmt>1702520</BOYBookValueAmt>
        <EOYBookValueAmt>2015289</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>FEDERAL EXCISE TAX LIABILITY</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>43996</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>LEASES PAYABLE</Desc>
        <BOYBookValueAmt>410110</BOYBookValueAmt>
        <EOYBookValueAmt>274825</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PROFESSIONAL FEES-PROGRAM CONSULTING</CategoryTxt>
        <Amt>458850</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>321701</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>146036</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES AND CUSTODIAL FEES</CategoryTxt>
        <Amt>137476</Amt>
        <NetInvestmentIncomeAmt>137476</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>137476</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ADVISORY FEES</CategoryTxt>
        <Amt>419152</Amt>
        <NetInvestmentIncomeAmt>419152</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>419152</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CONSULTING: COMMUNICATIONS AND MARKETING</CategoryTxt>
        <Amt>199119</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>222612</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CONSULTING: BUSINESS DEVELOPMENT/STRATEGY</CategoryTxt>
        <Amt>106510</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>123454</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT COMMITTEE CONSULTING</CategoryTxt>
        <Amt>1500</Amt>
        <NetInvestmentIncomeAmt>1500</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1500</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX</CategoryTxt>
        <Amt>140145</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>79000</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>0</Amt>
        <NetInvestmentIncomeAmt>78207</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>78207</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>