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        <TimelyProvidedDocumentsInd>1</TimelyProvidedDocumentsInd>
        <OfficersCloseRelationshipInd>0</OfficersCloseRelationshipInd>
        <SupportedOrgVoiceInvestmentInd>1</SupportedOrgVoiceInvestmentInd>
      </Form990SchAType3SprtOrgAllGrp>
      <AdjustedNetIncomeGrp>
        <NetSTCapitalGainAdjNetIncmGrp>
          <PriorYearAmt>0</PriorYearAmt>
          <CurrentYearAmt>0</CurrentYearAmt>
        </NetSTCapitalGainAdjNetIncmGrp>
        <RecoveriesPYDistributionsGrp>
          <PriorYearAmt>0</PriorYearAmt>
          <CurrentYearAmt>0</CurrentYearAmt>
        </RecoveriesPYDistributionsGrp>
        <OtherGrossIncomeGrp>
          <PriorYearAmt>483791</PriorYearAmt>
          <CurrentYearAmt>537554</CurrentYearAmt>
        </OtherGrossIncomeGrp>
        <AdjustedGrossIncomeGrp>
          <PriorYearAmt>483791</PriorYearAmt>
          <CurrentYearAmt>537554</CurrentYearAmt>
        </AdjustedGrossIncomeGrp>
        <DepreciationDepletionGrp>
          <PriorYearAmt>0</PriorYearAmt>
          <CurrentYearAmt>0</CurrentYearAmt>
        </DepreciationDepletionGrp>
        <ProductionIncomeGrp>
          <PriorYearAmt>0</PriorYearAmt>
          <CurrentYearAmt>0</CurrentYearAmt>
        </ProductionIncomeGrp>
        <OtherExpensesGrp>
          <PriorYearAmt>0</PriorYearAmt>
          <CurrentYearAmt>0</CurrentYearAmt>
        </OtherExpensesGrp>
        <TotalAdjustedNetIncomeGrp>
          <PriorYearAmt>483791</PriorYearAmt>
          <CurrentYearAmt>537554</CurrentYearAmt>
        </TotalAdjustedNetIncomeGrp>
      </AdjustedNetIncomeGrp>
      <MinimumAssetAmountGrp>
        <AverageMonthlyFMVOfSecGrp>
          <PriorYearAmt>12950878</PriorYearAmt>
          <CurrentYearAmt>13488164</CurrentYearAmt>
        </AverageMonthlyFMVOfSecGrp>
        <AverageMonthlyCashBalancesGrp>
          <PriorYearAmt>0</PriorYearAmt>
          <CurrentYearAmt>0</CurrentYearAmt>
        </AverageMonthlyCashBalancesGrp>
        <FMVOtherNonExemptUseAssetGrp>
          <PriorYearAmt>0</PriorYearAmt>
          <CurrentYearAmt>0</CurrentYearAmt>
        </FMVOtherNonExemptUseAssetGrp>
        <TotalFMVOfNonExemptUseAssetGrp>
          <PriorYearAmt>12950878</PriorYearAmt>
          <CurrentYearAmt>13488164</CurrentYearAmt>
        </TotalFMVOfNonExemptUseAssetGrp>
        <DiscountClaimedAmt>0</DiscountClaimedAmt>
        <AcquisitionIndebtednessGrp>
          <PriorYearAmt>0</PriorYearAmt>
          <CurrentYearAmt>0</CurrentYearAmt>
        </AcquisitionIndebtednessGrp>
        <AdjustedFMVLessIndebtednessGrp>
          <PriorYearAmt>12950878</PriorYearAmt>
          <CurrentYearAmt>13488164</CurrentYearAmt>
        </AdjustedFMVLessIndebtednessGrp>
        <CashDeemedCharitableGrp>
          <PriorYearAmt>194263</PriorYearAmt>
          <CurrentYearAmt>202322</CurrentYearAmt>
        </CashDeemedCharitableGrp>
        <NetVlNonExemptUseAssetsGrp>
          <PriorYearAmt>12756615</PriorYearAmt>
          <CurrentYearAmt>13285842</CurrentYearAmt>
        </NetVlNonExemptUseAssetsGrp>
        <PctOfNetVlNonExemptUseAstGrp>
          <PriorYearAmt>446482</PriorYearAmt>
          <CurrentYearAmt>465004</CurrentYearAmt>
        </PctOfNetVlNonExemptUseAstGrp>
        <RecoveriesPYDistriMinAssetGrp>
          <PriorYearAmt>0</PriorYearAmt>
          <CurrentYearAmt>0</CurrentYearAmt>
        </RecoveriesPYDistriMinAssetGrp>
        <TotalMinimumAssetGrp>
          <PriorYearAmt>446482</PriorYearAmt>
          <CurrentYearAmt>465004</CurrentYearAmt>
        </TotalMinimumAssetGrp>
      </MinimumAssetAmountGrp>
      <DistributableAmountGrp>
        <CYAdjNetIncomeDistributableAmt>483791</CYAdjNetIncomeDistributableAmt>
        <CYPct85AdjustedNetIncomeAmt>411222</CYPct85AdjustedNetIncomeAmt>
        <CYTotalMinAstDistributableAmt>446482</CYTotalMinAstDistributableAmt>
        <CYGreaterAdjustedMinimumAmt>446482</CYGreaterAdjustedMinimumAmt>
        <CYIncomeTaxImposedPYAmt>0</CYIncomeTaxImposedPYAmt>
        <CYDistributableAsAdjustedAmt>446482</CYDistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <DistributionsGrp>
        <CYPaidAccomplishExemptPrpsAmt>474343</CYPaidAccomplishExemptPrpsAmt>
        <CYPdInExcessIncomeActivityAmt>0</CYPdInExcessIncomeActivityAmt>
        <CYAdministrativeExpensePaidAmt>6550</CYAdministrativeExpensePaidAmt>
        <ExemptUseAssetsAcquisPaidAmt>0</ExemptUseAssetsAcquisPaidAmt>
        <QualifiedSetAsideAmt>0</QualifiedSetAsideAmt>
        <CYTotalAnnualDistributionsAmt>480893</CYTotalAnnualDistributionsAmt>
        <CYDistriAttentiveSuprtOrgAmt>474343</CYDistriAttentiveSuprtOrgAmt>
        <CYDistributableAsAdjustedAmt>446482</CYDistributableAsAdjustedAmt>
        <CYDistributionYrRt>100.000000000000</CYDistributionYrRt>
      </DistributionsGrp>
      <DistributionAllocationsGrp>
        <CYDistributableAsAdjustedAmt>446482</CYDistributableAsAdjustedAmt>
        <UnderdistributionsAmt>0</UnderdistributionsAmt>
        <ExcessDistributionCyovYr5Amt>0</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>0</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>19476</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>456000</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>469400</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>944876</TotalExcessDistributionCyovAmt>
        <CyovAppliedUnderdistriPYAmt>0</CyovAppliedUnderdistriPYAmt>
        <CyovAppliedUnderdistrCPYAmt>446482</CyovAppliedUnderdistrCPYAmt>
        <CarryoverPYNotAppliedAmt>0</CarryoverPYNotAppliedAmt>
        <ExcessDistributionCyovAmt>498394</ExcessDistributionCyovAmt>
        <CYTotalAnnualDistributionsAmt>480893</CYTotalAnnualDistributionsAmt>
        <CYDistribAppUnderdistriPYAmt>0</CYDistribAppUnderdistriPYAmt>
        <ExcessDistributionAmt>480893</ExcessDistributionAmt>
        <RemainingUnderdistriPYAmt>0</RemainingUnderdistriPYAmt>
        <RemainingUnderdistriCYAmt>0</RemainingUnderdistriCYAmt>
        <ExcessDistriCyovToNextYrAmt>979287</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear5Amt>0</ExcessFromYear5Amt>
        <ExcessFromYear4Amt>0</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>28994</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>469400</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>480893</ExcessFromYear1Amt>
      </DistributionAllocationsGrp>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>PART IV, SECTION D, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE UNIVERSITY OF DELAWARE RESEARCH FOUNDATION EXISTS TO FUND FACULTY PROJECTS NOT FUNDED THROUGH THE UNIVERSITY'S OPERATING BUDGET. IDEAS FOR RESEARCH PROJECTS MUST BE PROPOSED BY THE UNIVERSITY AND ARE THEN INDEPENDENTLY VETTED BY UDRF'S RESEARCH COMMITTEE. THE RESEARCH COMMITTEE WORKS CLOSELY AND CONTINUOUSLY WITH UNIVERSITY FACULTY TO SOLICIT RESEARCH PROJECT CANDIDATES AND EVALUATE THE RESULTS.</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>PART IV, SECTION D, LINE 3:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE UNIVERSITY OF DELAWARE RESEARCH FOUNDATION'S ENDOWMENT IS MAINTAINED AND MANAGED BY THE SUPPORTED ORGANIZATION; THE UNIVERSITY OF DELAWARE. THE UNIVERSITY MAKES ALL INVESTMENT DECISIONS. UDRF OWNS A PORTION OF THE CO-MINGLED ENDOWMENT. UDRF, IN CONJUNCTION WITH THE UNIVERSITY, MAKES DECISIONS ON THE AMOUNT OF THE GRANT TOTAL AND ALSO WHICH INDIVIDUAL GRANTS TO FUND.</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <AgentTrusteeEtcInd>0</AgentTrusteeEtcInd>
      <CYEndwmtFundGrp>
        <BeginningYearBalanceAmt>13042119</BeginningYearBalanceAmt>
        <InvestmentEarningsOrLossesAmt>1633713</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>474343</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>6550</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>14194939</EndYearBalanceAmt>
      </CYEndwmtFundGrp>
      <CYMinus1YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>12491952</BeginningYearBalanceAmt>
        <InvestmentEarningsOrLossesAmt>1019567</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>463100</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>6300</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>13042119</EndYearBalanceAmt>
      </CYMinus1YrEndwmtFundGrp>
      <CYMinus2YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>11752690</BeginningYearBalanceAmt>
        <InvestmentEarningsOrLossesAmt>1195262</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>450000</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>6000</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>12491952</EndYearBalanceAmt>
      </CYMinus2YrEndwmtFundGrp>
      <CYMinus3YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>13701766</BeginningYearBalanceAmt>
        <ContributionsAmt>125</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>-1493751</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>450000</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>5450</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>11752690</EndYearBalanceAmt>
      </CYMinus3YrEndwmtFundGrp>
      <CYMinus4YrEndwmtFundGrp>
        <BeginningYearBalanceAmt>11596024</BeginningYearBalanceAmt>
        <ContributionsAmt>125</ContributionsAmt>
        <InvestmentEarningsOrLossesAmt>2535717</InvestmentEarningsOrLossesAmt>
        <GrantsOrScholarshipsAmt>425000</GrantsOrScholarshipsAmt>
        <AdministrativeExpensesAmt>5100</AdministrativeExpensesAmt>
        <EndYearBalanceAmt>13701766</EndYearBalanceAmt>
      </CYMinus4YrEndwmtFundGrp>
      <BoardDesignatedBalanceEOYPct>0.98572</BoardDesignatedBalanceEOYPct>
      <PrmnntEndowmentBalanceEOYPct>0.00756</PrmnntEndowmentBalanceEOYPct>
      <TermEndowmentBalanceEOYPct>0.00672</TermEndowmentBalanceEOYPct>
      <EndowmentsHeldUnrelatedOrgInd>0</EndowmentsHeldUnrelatedOrgInd>
      <EndowmentsHeldRelatedOrgInd>1</EndowmentsHeldRelatedOrgInd>
      <RelatedOrgListSchRInd>1</RelatedOrgListSchRInd>
      <TotalBookValueLandBuildingsAmt>0</TotalBookValueLandBuildingsAmt>
      <OtherSecuritiesGrp>
        <Desc>UNIVERSITY OF DELAWARE ENDOWMENT</Desc>
        <BookValueAmt>14194939</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </OtherSecuritiesGrp>
      <TotalBookValueSecuritiesAmt>14194939</TotalBookValueSecuritiesAmt>
      <TotalRevEtcAuditedFinclStmtAmt>1633713</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>892401</NetUnrealizedGainsInvstAmt>
      <RevenueNotReportedAmt>892401</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>741312</RevenueSubtotalAmt>
      <RevenueNotReportedFinclStmtAmt>0</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>741312</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>480893</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesNotReportedAmt>0</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>480893</ExpensesSubtotalAmt>
      <ExpensesNotRptFinclStmtAmt>0</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>480893</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART V, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FOUNDATION'S ENDOWMENT FUNDS ARE HELD TO PROVIDE FUNDING TO CARRY OUT THE FOUNDATION'S EXEMPT PURPOSE OF SUPPORTING RESEARCH INITIATIVES IN SCIENCE AND ENGINEERING.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>1</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>UNIVERSITY OF DELAWARE</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>550 SOUTH COLLEGE AVENUE</AddressLine1Txt>
          <CityNm>NEWARK</CityNm>
          <StateAbbreviationCd>DE</StateAbbreviationCd>
          <ZIPCd>19713</ZIPCd>
        </USAddress>
        <RecipientEIN>516000297</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>474343</CashGrantAmt>
        <NonCashAssistanceAmt>0</NonCashAssistanceAmt>
        <ValuationMethodUsedDesc>CASH / FAIR MARKET VALUE</ValuationMethodUsedDesc>
        <PurposeOfGrantTxt>GRANTS TO PROVIDE FUNDING FOR FACULTY RESEARCH PROJECTS.</PurposeOfGrantTxt>
      </RecipientTable>
      <Total501c3OrgCnt>1</Total501c3OrgCnt>
      <TotalOtherOrgCnt>0</TotalOtherOrgCnt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FOUNDATION REQUIRES THAT THE UNIVERSITY MAINTAIN AND TRACK THE USE OF GRANT FUNDS BY PROJECT.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE TRUSTEES ARE PROVIDED WITH A DRAFT VERSION OF THE 990 PRIOR TO FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL TRUSTEES ARE EXPECTED TO FULLY DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST TO THE OTHER TRUSTEES. SINCE THERE ARE NO PAID EMPLOYEES AND THE ONLY PAID VENDOR IS THE INDEPENDENT AUDIT FIRM, THE POTENTIAL FOR SUCH CONFLICTS IS MINIMAL.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>ALTHOUGH THERE IS NO LEGAL REQUIREMENT THAT IT DO SO, THE FOUNDATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON REQUEST ON A CASE BY CASE BASIS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XII, LINE 2C:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FOUNDATION'S BOARD OF TRUSTEES ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>UNIVERSITY OF DELAWARE</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>550 SOUTH COLLEGE AVENUE</AddressLine1Txt>
          <CityNm>NEWARK</CityNm>
          <StateAbbreviationCd>DE</StateAbbreviationCd>
          <ZIPCd>19713</ZIPCd>
        </USAddress>
        <EIN>516000297</EIN>
        <PrimaryActivitiesTxt>POST-SECONDARY EDUCATION</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(C)(3)</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>LINE 2</PublicCharityStatusTxt>
        <ControlledOrganizationInd>0</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>0</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>1</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>0</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>0</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>0</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>0</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>0</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>0</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>0</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>0</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>0</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>0</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>0</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>1</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>1</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>0</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>0</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>0</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>0</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>UNIVERSITY OF DELAWARE</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>B</TransactionTypeTxt>
        <InvolvedAmt>474343</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>CASH TRANSFERRED</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>UNIVERSITY OF DELAWARE</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>N</TransactionTypeTxt>
        <MethodOfAmountDeterminationTxt>AMOUNT NOT READILY DETERMINABLE</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>UNIVERSITY OF DELAWARE</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>O</TransactionTypeTxt>
        <MethodOfAmountDeterminationTxt>AMOUNT NOT READILY DETERMINABLE</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>