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        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>798500</CurrentYearAmt>
          <Year1Amt>684701</Year1Amt>
          <Year2Amt>700854</Year2Amt>
          <Year3Amt>2282957</Year3Amt>
          <TotalAmt>4467012</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>557335</CurrentYearAmt>
          <Year1Amt>502254</Year1Amt>
          <Year2Amt>452605</Year2Amt>
          <Year3Amt>454796</Year3Amt>
          <TotalAmt>1966990</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>JOSE E FERNANDEZ BJERG</ContributingManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>KINESIS INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2000 CARR 8177 SUITE 26 PBM 208</AddressLine1Txt>
            <CityNm>GUAYNABO</CityNm>
            <StateAbbreviationCd>PR</StateAbbreviationCd>
            <ZIPCd>00966</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7872500033</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>APPLICATIONS CAN BE FILED THROUGH THE KINESIS, INC., WEB PAGE. AMONG DOCUMENTS TO BE SUBMITTED ARE ADMISSION LETTER, EVIDENCE OF FINACIAL NEED, AND TRANSCRIPT.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>MID APRIL OF EACH YEAR.</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>GRADE AVERAGE POINT SHOULD BE 3. 5 OR HIGHER AND SHOULD BE ADMITTED TO THE UNIVERSITY.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SCHOLARSHIPS TO STUDENTS STM ATT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2000 CARR 877 PBM 208</AddressLine1Txt>
            <AddressLine2Txt>2000 CARR 877 PMB 208</AddressLine2Txt>
            <CityNm>SAN JUAN</CityNm>
            <StateAbbreviationCd>PR</StateAbbreviationCd>
            <ZIPCd>00966</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATION AND SCHOLARSHIPS</GrantOrContributionPurposeTxt>
          <Amt>798500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>798500</TotalGrantOrContriPdDurYrAmt>
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        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>344343</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherRevenueDescribedGrp>
          <Desc>ACTIVITIES AND OTHERS</Desc>
          <RelatedOrExemptFunctionIncmAmt>78278</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>NET INVESTMENT RETURN (LOSS</Desc>
          <RelatedOrExemptFunctionIncmAmt>861013</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>GAIN FROM SALE-CAPITAL ASSE</Desc>
          <RelatedOrExemptFunctionIncmAmt>438578</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>1722212</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1722212</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>DIVIDENDS AND INTEREST EARNED FROM THE INVESTMENT ACCOUNTS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>THAT ALLOW THE FOUNDATION TO MEET ITS GRANTS REQUIRMENTS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
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        <ContributorNum>1</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>ASAMBLEA LEGISLATIVA</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>PO BOX 9023431</AddressLine1Txt>
          <CityNm>SAN JUAN</CityNm>
          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>009023431</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>160000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>7</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>FIDEICOMISO DE LOS NINOS</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>PO BOX 42001</AddressLine1Txt>
          <CityNm>SAN JUAN</CityNm>
          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00940</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>58825</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>13</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>JJ BAREA FOUNDATION CORP</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>PMB 247 100 GRAND PASEO BLVD</AddressLine1Txt>
          <AddressLine2Txt>SUITE 112</AddressLine2Txt>
          <CityNm>SAN JUAN</CityNm>
          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>009265955</ZIPCd>
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        <TotalContributionsAmt>25000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>19</ContributorNum>
        <ContributorPersonNm>CAMILA MARINO</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>154 DORADO BEACH EAST</AddressLine1Txt>
          <CityNm>DORADO</CityNm>
          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00646</ZIPCd>
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        <TotalContributionsAmt>10000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>25</ContributorNum>
        <ContributorPersonNm>MIGUEL FERNANDEZ RICHARDS</ContributorPersonNm>
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          <AddressLine1Txt>1209 GARNER AVE</AddressLine1Txt>
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          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>787042133</ZIPCd>
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        <ContributorNum>31</ContributorNum>
        <ContributorBusinessName>
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        <ContributorUSAddress>
          <AddressLine1Txt>PO BOX 360597</AddressLine1Txt>
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        <ContributorNum>37</ContributorNum>
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          <AddressLine1Txt>PO BOX 363232</AddressLine1Txt>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>009363232</ZIPCd>
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        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>43</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>FULCRO</BusinessNameLine1Txt>
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          <AddressLine1Txt>PO BOX 9024048</AddressLine1Txt>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>009024048</ZIPCd>
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        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>49</ContributorNum>
        <ContributorPersonNm>AMY R MAXON</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1001 SAN ROBERTO ST 103</AddressLine1Txt>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00926</ZIPCd>
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        <PersonContributionInd>X</PersonContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>ADAM SINN</ContributorPersonNm>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00646</ZIPCd>
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        <PersonContributionInd>X</PersonContributionInd>
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      <ContributorInformationGrp>
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        <ContributorBusinessName>
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          <AddressLine1Txt>GALERIA ARTES Y CIENCIAS 875</AddressLine1Txt>
          <AddressLine2Txt>CARR 693 SUITE 201</AddressLine2Txt>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00646</ZIPCd>
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        <PersonContributionInd>X</PersonContributionInd>
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        <ContributorNum>14</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>FUNDACION PLAZA DEL CARIBE</BusinessNameLine1Txt>
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          <AddressLine1Txt>PO BOX 364249</AddressLine1Txt>
          <CityNm>SAN JUAN</CityNm>
          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>009364249</ZIPCd>
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        <TotalContributionsAmt>30000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>20</ContributorNum>
        <ContributorPersonNm>ADAM GRIES</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>CONDOMINIUM LOS ALMENDROS</AddressLine1Txt>
          <AddressLine2Txt>PLAZA TOWER II 703 CALLE ELDER</AddressLine2Txt>
          <CityNm>SAN JUAN</CityNm>
          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00924</ZIPCd>
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        <TotalContributionsAmt>10000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>26</ContributorNum>
        <ContributorPersonNm>JOSE FERNANDEZ RICHARDS</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>8456 SW MAPLERIDGE DR</AddressLine1Txt>
          <CityNm>PORTLAND</CityNm>
          <StateAbbreviationCd>OR</StateAbbreviationCd>
          <ZIPCd>972256432</ZIPCd>
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        <TotalContributionsAmt>10000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
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      <ContributorInformationGrp>
        <ContributorNum>32</ContributorNum>
        <ContributorPersonNm>JOAQUIN B VISO</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>270 AVENIDA MUNOZ RIVERA</AddressLine1Txt>
          <AddressLine2Txt>MAIL BOX 34</AddressLine2Txt>
          <CityNm>SAN JUAN</CityNm>
          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>009265955</ZIPCd>
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        <PersonContributionInd>X</PersonContributionInd>
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        <ContributorBusinessName>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00907</ZIPCd>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00617</ZIPCd>
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        <ContributorBusinessName>
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        <ContributorPersonNm>HUSSAIN KADOUH</ContributorPersonNm>
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          <AddressLine2Txt>CALLE SAN ROBERTO SUITE 103</AddressLine2Txt>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
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        <ContributorNum>33</ContributorNum>
        <ContributorPersonNm>JONATHAN SWANSON</ContributorPersonNm>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00918</ZIPCd>
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        <PersonContributionInd>X</PersonContributionInd>
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        <ContributorNum>39</ContributorNum>
        <ContributorPersonNm>CHRISTIAN D WENSEL</ContributorPersonNm>
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          <AddressLine1Txt>20 CALLE HEASTNG</AddressLine1Txt>
          <CityNm>GUAYNABO</CityNm>
          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>00966</ZIPCd>
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        <TotalContributionsAmt>5000</TotalContributionsAmt>
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        <ContributorNum>45</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>DARJO FOUNDATION INC</BusinessNameLine1Txt>
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          <AddressLine1Txt>PO BOX 360136</AddressLine1Txt>
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          <StateAbbreviationCd>PR</StateAbbreviationCd>
          <ZIPCd>009360136</ZIPCd>
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          <BusinessNameLine1Txt>GLEEN GREENBERG AND LINDA VESTER FOU</BusinessNameLine1Txt>
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