<?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="2021v4.2">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2023-01-14T14:17:59-06:00</ReturnTs>
    <TaxPeriodEndDt>2022-06-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>390859910</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>BAKER TILLY US LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>777 E WISCONSIN AVENUE 32ND FLOOR</AddressLine1Txt>
        <CityNm>MILWAUKEE</CityNm>
        <StateAbbreviationCd>WI</StateAbbreviationCd>
        <ZIPCd>53202</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2021-07-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>261412296</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>FUND FOR WISCONSIN SCHOLARS INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>FUND</BusinessNameControlTxt>
      <PhoneNum>6082382400</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
        <CityNm>MADISON</CityNm>
        <StateAbbreviationCd>WI</StateAbbreviationCd>
        <ZIPCd>53705</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>MARY GULBRANDSEN</PersonNm>
      <PersonTitleTxt>EXECUTIVE DIRECTOR</PersonTitleTxt>
      <PhoneNum>6082382400</PhoneNum>
      <SignatureDt>2022-12-23</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>MARY</PersonFirstNm>
        <PersonLastNm>GULBRANDSEN</PersonLastNm>
      </PersonFullName>
      <SSN>999009999</SSN>
    </SigningOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>TROY MARINE CPA</PreparerPersonNm>
      <PTIN>P00187863</PTIN>
      <PhoneNum>4147775500</PhoneNum>
    </PreparerPersonGrp>
    <AdditionalFilerInformation>
      <TrustedCustomerGrp>
        <TrustedCustomerCd>3</TrustedCustomerCd>
        <AuthenticationAssuranceLevelCd>AAL1</AuthenticationAssuranceLevelCd>
        <IdentityAssuranceLevelCd>IAL1</IdentityAssuranceLevelCd>
      </TrustedCustomerGrp>
    </AdditionalFilerInformation>
    <TaxYr>2021</TaxYr>
    <BuildTS>2023-03-07 01:45:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="13">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>273321225</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>5000000</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>13039</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>13039</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>1575749</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>3273738</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>14687244</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>23849094</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>22344933</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc2001500001">734164</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>96814</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>22010196</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>25728524</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>294912</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>52728</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>263184</CompOfcrDirTrstDsbrsChrtblAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>132209</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>14852</OthEmplSlrsWgsNetInvstIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>117357</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>62353</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>4177</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftDsbrsChrtblAmt>58176</PensionEmplBnftDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002100001">4503</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>0</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>6137</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">56385</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>2500</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>40325</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">1690590</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>1542140</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>160966</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">290633</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>57020</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>10412</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>0</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>9545</TravConfMeetingDsbrsChrtblAmt>
        <PrintingAndPubRevAndExpnssAmt>10698</PrintingAndPubRevAndExpnssAmt>
        <PrintingAndPubNetInvstIncmAmt>0</PrintingAndPubNetInvstIncmAmt>
        <PrintingAndPubDsbrsChrtblAmt>9871</PrintingAndPubDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">210163</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>2212867</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>198802</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>2762858</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>3886284</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>864363</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>11296218</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>11294228</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>14059076</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>3886284</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>12158591</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>7951120</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>21842240</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>152752</CashBOYAmt>
        <CashEOYAmt>105285</CashEOYAmt>
        <CashEOYFMVAmt>105285</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>14007834</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>8106501</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>8106501</SavAndTempCashInvstEOYFMVAmt>
        <PrepaidExpensesBOYAmt>41871</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>86323</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>86323</PrepaidExpensesEOYFMVAmt>
        <CorporateStockBOYAmt>18020711</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">16362195</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>16362195</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>271479845</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc2018100001">245561011</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>245561011</OtherInvestmentsEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc2046600001">308394</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc2046600001">3099910</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc2046600001">3099910</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>304011407</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>273321225</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>273321225</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>178315</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>215186</AccountsPayableEOYAmt>
        <GrantsPayableBOYAmt>56010</GrantsPayableBOYAmt>
        <GrantsPayableEOYAmt>58000</GrantsPayableEOYAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="RetDoc2065700001">314419</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="RetDoc2065700001">25219</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>548744</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>298405</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>302962663</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>273022820</NoDonorRstrNetAssestsEOYAmt>
        <DonorRstrNetAssetsBOYAmt>500000</DonorRstrNetAssetsBOYAmt>
        <DonorRstrNetAssetsEOYAmt>0</DonorRstrNetAssetsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>303462663</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>273022820</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>304011407</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>273321225</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>303462663</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>7951120</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>311413783</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc2049800001">38390963</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>273022820</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>K-1 CAPITAL GAINS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>15500826</GrossSalesPriceAmt>
          <GainOrLossAmt>15500826</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>15500826</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURTIES</PropertyDesc>
          <GrossSalesPriceAmt>10978965</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5708714</CostOrOtherBasisAmt>
          <GainOrLossAmt>5270251</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5270251</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>IR&amp;M INTERMEDIATE FD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2022-03-04</SoldDt>
          <GrossSalesPriceAmt>2500000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2420211</CostOrOtherBasisAmt>
          <GainOrLossAmt>79789</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>79789</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ACACIA INSTITUTIONAL PARTNERS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2022-06-30</SoldDt>
          <GrossSalesPriceAmt>2526992</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1032925</CostOrOtherBasisAmt>
          <GainOrLossAmt>1494067</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1494067</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MML CAPITAL V LP - DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>336</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>336</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LEGACY VENTURE VI (QP) LLC - DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>1125773</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1125773</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>STEPSTONE SECONDARY OPPORTUNITIES FUND II - DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>117174</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>117174</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ALPINE INVESTORS V LP - DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>1125353</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1125353</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CENTRE LANE PARTNERS IV LP - DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>350665</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>350665</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LEGACY VENTURE VIII LLC - DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>1379774</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1379774</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GENERAL ATLANTIC INVESTMENT PARTNERS 2017 LP - DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>2978616</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2978616</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PARTNERS FOR GROWTH IV LP - DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>248000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>248000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LEGACY VENTURE IX LLC - DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>236221</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>236221</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SIGULER GUFF SM BUYOUT OPP FD IV T LP - DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>233701</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>233701</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BAIN CAP DIST &amp; SS 2013 (A2) - DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>47524</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>47524</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>22344933</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>303607</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>303607</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>303607</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>745322</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>745322</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1192000001">X</Form2220AttachedInd>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>441715</OverpaymentAmt>
        <AppliedToESTaxAmt>441715</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>WI</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>WWW.FFWS.ORG</WebsiteAddressTxt>
        <IndividualWithBooksNm>MARY GULBRANDSEN</IndividualWithBooksNm>
        <PhoneNum>6082382400</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
          <CityNm>MADISON</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53705</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</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>JOHN P MORGRIDGE</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>CHAIR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TASHIA F MORGRIDGE</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>REBECCA SPLITT</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>VICE-CHAIR/TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>15000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAVID WARD</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>VICE-CHAIR/TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>15000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARY W GULBRANDSEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY/EXEC. DIR.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>210912</CompensationAmt>
          <EmployeeBenefitProgramAmt>10267</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TED KELLNER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>9000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN W DANIELS JR</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>15000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MICHAEL LOVELL</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>15000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN D MORGRIDGE</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>15000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>ANGELA SWENSON-HOLZINGER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>MENTOR COORDINATOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>72800</CompensationAmt>
          <EmployeeBenefitsAmt>24660</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>4783</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>LISA LINNEMANSTONS</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>ACCOUNTANT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>12.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>59408</CompensationAmt>
          <EmployeeBenefitsAmt>0</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>GENERAL ATLANTIC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>677 WASHINGTON BLVD 8TH FLOOR</AddressLine1Txt>
            <CityNm>STAMFORD</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06901</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MANAGEMENT</ServiceTypeTxt>
          <CompensationAmt>496301</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>MARQUETTE ASSOCIATES INC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>180 N LA SALLE ST SUITE 3500</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60601</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MANAGEMENT</ServiceTypeTxt>
          <CompensationAmt>195000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>HIG CAPITAL</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>2811 PONCE DE LEON 6TH FLOOR</AddressLine1Txt>
            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33134</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MANAGEMENT</ServiceTypeTxt>
          <CompensationAmt>181626</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>CLARION PARTNERS</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>230 PARK AVENUE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10169</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MANAGEMENT</ServiceTypeTxt>
          <CompensationAmt>114626</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BNY MELLON</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>240 GREENWICH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10286</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MANAGEMENT</ServiceTypeTxt>
          <CompensationAmt>100000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>3</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>108115581</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>8689834</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>174377206</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>291182621</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>291182621</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>4367739</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>286814882</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>14340744</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>14340744</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>303607</TaxBasedOnInvestmentIncomeAmt>
        <IncomeTaxAmt>156268</IncomeTaxAmt>
        <TotalTaxAmt>459875</TotalTaxAmt>
        <DistributableBeforeAdjAmt>13880869</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>13880869</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>13880869</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>12158591</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>12158591</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>13880869</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>1005013</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>12158591</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>1005013</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>11153578</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>2727291</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>JOHN P MORGRIDGE</ContributingManagerNm>
        <ContributingManagerNm>TASHIA F MORGRIDGE</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF WISCONSIN SYSTEM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1860 VAN HISE HALL 1220 LINDEN</AddressLine1Txt>
            <AddressLine2Txt>DRIVE</AddressLine2Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53706</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>STIPENDS AND NEED-BASED GRANTS FOR HIGHER EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>11238778</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WISCONSIN TECHNICAL COLLEGE SYSTEM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4622 UNIVERSITY AVENUE</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>STIPENDS AND NEED-BASED GRANTS FOR HIGHER EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>4950</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>101 INDIVIDUAL GRANT RECIPIENTS DET</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>VARIOUS</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GRANT RECIPIENT GRADUATION GIFTS ($500/EACH)</GrantOrContributionPurposeTxt>
          <Amt>50500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>11294228</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientPersonNm>109 INDIVIDUAL GRANT RECIPIENTS DET</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>VARIOUS</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GRANT RECIPIENT GRADUATION GIFTS ($500/EACH)</GrantOrContributionPurposeTxt>
          <Amt>54500</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF WISCONSIN SYSTEM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1860 VAN HISE HALL 1220 LINDEN</AddressLine1Txt>
            <AddressLine2Txt>DRIVE</AddressLine2Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53706</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>STIPENDS AND NEED-BASED GRANTS FOR HIGHER EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>3500</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>58000</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>13039</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1575749</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>264408</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>469756</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>505261</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>14181983</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>769669</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>16240527</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>17010196</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>TOSA FOUNDATION</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>3130 ALPINE ROAD SUITE 288 PMB 705</AddressLine1Txt>
          <CityNm>PORTOLA VALLEY</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94028</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>56385</Amt>
        <NetInvestmentIncomeAmt>2500</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>40325</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>ACTIVISION BLIZZARD INC</StockNm>
        <EOYBookValueAmt>128468</EOYBookValueAmt>
        <EOYFMVAmt>128468</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ACUITY BRANDS INC</StockNm>
        <EOYBookValueAmt>107828</EOYBookValueAmt>
        <EOYFMVAmt>107828</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ACUSHNET HOLDINGS CORP</StockNm>
        <EOYBookValueAmt>226947</EOYBookValueAmt>
        <EOYFMVAmt>226947</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AERCAP HOLDINGS NV</StockNm>
        <EOYBookValueAmt>192418</EOYBookValueAmt>
        <EOYFMVAmt>192418</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALLSCRIPTS HEALTHCARE SOLUTION</StockNm>
        <EOYBookValueAmt>97878</EOYBookValueAmt>
        <EOYFMVAmt>97878</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALLSTATE CORP/THE</StockNm>
        <EOYBookValueAmt>95048</EOYBookValueAmt>
        <EOYFMVAmt>95048</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMDOCS LTD</StockNm>
        <EOYBookValueAmt>44154</EOYBookValueAmt>
        <EOYFMVAmt>44154</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMERICAN EAGLE OUTFITTERS INC</StockNm>
        <EOYBookValueAmt>98831</EOYBookValueAmt>
        <EOYFMVAmt>98831</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMETEK INC</StockNm>
        <EOYBookValueAmt>114286</EOYBookValueAmt>
        <EOYFMVAmt>114286</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>APTARGROUP INC</StockNm>
        <EOYBookValueAmt>53050</EOYBookValueAmt>
        <EOYFMVAmt>53050</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ARCH CAPITAL GROUP LTD</StockNm>
        <EOYBookValueAmt>210619</EOYBookValueAmt>
        <EOYFMVAmt>210619</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ARMSTRONG WORLD INDUSTRIES INC</StockNm>
        <EOYBookValueAmt>116938</EOYBookValueAmt>
        <EOYFMVAmt>116938</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ARROW ELECTRONICS INC</StockNm>
        <EOYBookValueAmt>246598</EOYBookValueAmt>
        <EOYFMVAmt>246598</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ARTISAN PARTNERS ASSET MANAGEM</StockNm>
        <EOYBookValueAmt>163124</EOYBookValueAmt>
        <EOYFMVAmt>163124</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ASPEN TECHNOLOGY INC</StockNm>
        <EOYBookValueAmt>124282</EOYBookValueAmt>
        <EOYFMVAmt>124282</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ATMOS ENERGY CORP</StockNm>
        <EOYBookValueAmt>147972</EOYBookValueAmt>
        <EOYFMVAmt>147972</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ATRION CORP</StockNm>
        <EOYBookValueAmt>71690</EOYBookValueAmt>
        <EOYFMVAmt>71690</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AUTOHOME INC</StockNm>
        <EOYBookValueAmt>118265</EOYBookValueAmt>
        <EOYFMVAmt>118265</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AXALTA COATING SYSTEMS LTD</StockNm>
        <EOYBookValueAmt>216678</EOYBookValueAmt>
        <EOYFMVAmt>216678</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BANCFIRST CORP</StockNm>
        <EOYBookValueAmt>220803</EOYBookValueAmt>
        <EOYFMVAmt>220803</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BAXTER INTERNATIONAL INC</StockNm>
        <EOYBookValueAmt>149014</EOYBookValueAmt>
        <EOYFMVAmt>149014</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BWX TECHNOLOGIES INC</StockNm>
        <EOYBookValueAmt>280959</EOYBookValueAmt>
        <EOYFMVAmt>280959</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BWX TECHNOLOGIES INC</StockNm>
        <EOYBookValueAmt>148743</EOYBookValueAmt>
        <EOYFMVAmt>148743</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CADENCE BANK</StockNm>
        <EOYBookValueAmt>211907</EOYBookValueAmt>
        <EOYFMVAmt>211907</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CARMAX INC</StockNm>
        <EOYBookValueAmt>140244</EOYBookValueAmt>
        <EOYFMVAmt>140244</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CARTER'S INC</StockNm>
        <EOYBookValueAmt>232584</EOYBookValueAmt>
        <EOYFMVAmt>232584</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CBOE GLOBAL MARKETS INC</StockNm>
        <EOYBookValueAmt>79233</EOYBookValueAmt>
        <EOYFMVAmt>79233</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHANNELADVISOR CORP</StockNm>
        <EOYBookValueAmt>71005</EOYBookValueAmt>
        <EOYFMVAmt>71005</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CLEARWATER ANALYTICS HOLDINGS</StockNm>
        <EOYBookValueAmt>38191</EOYBookValueAmt>
        <EOYFMVAmt>38191</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COMMERCE BANCSHARES INC/MO</StockNm>
        <EOYBookValueAmt>72379</EOYBookValueAmt>
        <EOYFMVAmt>72379</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COMPASS MINERALS INTERNATIONAL</StockNm>
        <EOYBookValueAmt>80158</EOYBookValueAmt>
        <EOYFMVAmt>80158</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CORVEL CORP</StockNm>
        <EOYBookValueAmt>189095</EOYBookValueAmt>
        <EOYFMVAmt>189095</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DENTSPLY SIRONA INC</StockNm>
        <EOYBookValueAmt>156140</EOYBookValueAmt>
        <EOYFMVAmt>156140</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DEVON ENERGY CORP</StockNm>
        <EOYBookValueAmt>75997</EOYBookValueAmt>
        <EOYFMVAmt>75997</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DONALDSON CO INC</StockNm>
        <EOYBookValueAmt>64074</EOYBookValueAmt>
        <EOYFMVAmt>64074</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DRIL-QUIP INC</StockNm>
        <EOYBookValueAmt>55805</EOYBookValueAmt>
        <EOYFMVAmt>55805</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ECOVYST INC</StockNm>
        <EOYBookValueAmt>200940</EOYBookValueAmt>
        <EOYFMVAmt>200940</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EMCOR GROUP INC</StockNm>
        <EOYBookValueAmt>243603</EOYBookValueAmt>
        <EOYFMVAmt>243603</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ENOVIS CORP</StockNm>
        <EOYBookValueAmt>95315</EOYBookValueAmt>
        <EOYFMVAmt>95315</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ESAB CORP</StockNm>
        <EOYBookValueAmt>120006</EOYBookValueAmt>
        <EOYFMVAmt>120006</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ESSENT GROUP LTD</StockNm>
        <EOYBookValueAmt>155600</EOYBookValueAmt>
        <EOYFMVAmt>155600</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EVO PAYMENTS INC</StockNm>
        <EOYBookValueAmt>176400</EOYBookValueAmt>
        <EOYFMVAmt>176400</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FACTSET RESEARCH SYSTEMS INC</StockNm>
        <EOYBookValueAmt>183824</EOYBookValueAmt>
        <EOYFMVAmt>183824</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIDELITY NATIONAL FINANCIAL IN</StockNm>
        <EOYBookValueAmt>179256</EOYBookValueAmt>
        <EOYFMVAmt>179256</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST HAWAIIAN INC</StockNm>
        <EOYBookValueAmt>201983</EOYBookValueAmt>
        <EOYFMVAmt>201983</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRSTCASH HOLDINGS INC</StockNm>
        <EOYBookValueAmt>195949</EOYBookValueAmt>
        <EOYFMVAmt>195949</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FTI CONSULTING INC</StockNm>
        <EOYBookValueAmt>417401</EOYBookValueAmt>
        <EOYFMVAmt>417401</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GATES INDUSTRIAL CORP PLC</StockNm>
        <EOYBookValueAmt>85075</EOYBookValueAmt>
        <EOYFMVAmt>85075</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL MILLS INC</StockNm>
        <EOYBookValueAmt>139583</EOYBookValueAmt>
        <EOYFMVAmt>139583</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENTEX CORP</StockNm>
        <EOYBookValueAmt>201384</EOYBookValueAmt>
        <EOYFMVAmt>201384</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GILDAN ACTIVEWEAR INC</StockNm>
        <EOYBookValueAmt>170665</EOYBookValueAmt>
        <EOYFMVAmt>170665</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GLOBE LIFE INC</StockNm>
        <EOYBookValueAmt>209561</EOYBookValueAmt>
        <EOYFMVAmt>209561</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GRACO INC</StockNm>
        <EOYBookValueAmt>194211</EOYBookValueAmt>
        <EOYFMVAmt>194211</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GRAPHIC PACKAGING HOLDING CO</StockNm>
        <EOYBookValueAmt>235750</EOYBookValueAmt>
        <EOYFMVAmt>235750</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HANESBRANDS INC</StockNm>
        <EOYBookValueAmt>130683</EOYBookValueAmt>
        <EOYFMVAmt>130683</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HANESBRANDS INC</StockNm>
        <EOYBookValueAmt>197568</EOYBookValueAmt>
        <EOYFMVAmt>197568</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HASBRO INC</StockNm>
        <EOYBookValueAmt>115942</EOYBookValueAmt>
        <EOYFMVAmt>115942</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HELEN OF TROY LTD</StockNm>
        <EOYBookValueAmt>228998</EOYBookValueAmt>
        <EOYFMVAmt>228998</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HUNTINGTON INGALLS INDUSTRIES</StockNm>
        <EOYBookValueAmt>106732</EOYBookValueAmt>
        <EOYFMVAmt>106732</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>IAA INC</StockNm>
        <EOYBookValueAmt>166799</EOYBookValueAmt>
        <EOYFMVAmt>166799</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>IMAX CORP</StockNm>
        <EOYBookValueAmt>84450</EOYBookValueAmt>
        <EOYFMVAmt>84450</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INFINERA CORP</StockNm>
        <EOYBookValueAmt>201000</EOYBookValueAmt>
        <EOYFMVAmt>201000</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INGREDION INC</StockNm>
        <EOYBookValueAmt>79344</EOYBookValueAmt>
        <EOYFMVAmt>79344</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INGREDION INC</StockNm>
        <EOYBookValueAmt>211584</EOYBookValueAmt>
        <EOYFMVAmt>211584</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTEGRA LIFESCIENCES HOLDINGS</StockNm>
        <EOYBookValueAmt>147502</EOYBookValueAmt>
        <EOYFMVAmt>147502</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JACK HENRY &amp; ASSOCIATES INC</StockNm>
        <EOYBookValueAmt>111612</EOYBookValueAmt>
        <EOYFMVAmt>111612</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LABORATORY CORP OF AMERICA HOL</StockNm>
        <EOYBookValueAmt>110149</EOYBookValueAmt>
        <EOYFMVAmt>110149</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LANDSTAR SYSTEM INC</StockNm>
        <EOYBookValueAmt>211877</EOYBookValueAmt>
        <EOYFMVAmt>211877</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LCI INDUSTRIES</StockNm>
        <EOYBookValueAmt>156408</EOYBookValueAmt>
        <EOYFMVAmt>156408</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LEIDOS HOLDINGS INC</StockNm>
        <EOYBookValueAmt>104235</EOYBookValueAmt>
        <EOYFMVAmt>104235</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LIBERTY MEDIA CORP-LIBERTY BRA</StockNm>
        <EOYBookValueAmt>50300</EOYBookValueAmt>
        <EOYFMVAmt>50300</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LIBERTY MEDIA CORP-LIBERTY BRA</StockNm>
        <EOYBookValueAmt>146400</EOYBookValueAmt>
        <EOYFMVAmt>146400</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LIONS GATE ENTERTAINMENT CORP</StockNm>
        <EOYBookValueAmt>223841</EOYBookValueAmt>
        <EOYFMVAmt>223841</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MADISON SQUARE GARDEN SPORTS C</StockNm>
        <EOYBookValueAmt>188750</EOYBookValueAmt>
        <EOYFMVAmt>188750</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MANHATTAN ASSOCIATES INC</StockNm>
        <EOYBookValueAmt>203988</EOYBookValueAmt>
        <EOYFMVAmt>203988</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MKS INSTRUMENTS INC</StockNm>
        <EOYBookValueAmt>168313</EOYBookValueAmt>
        <EOYFMVAmt>168313</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MOELIS &amp; CO</StockNm>
        <EOYBookValueAmt>165349</EOYBookValueAmt>
        <EOYFMVAmt>165349</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MOHAWK INDUSTRIES INC</StockNm>
        <EOYBookValueAmt>224603</EOYBookValueAmt>
        <EOYFMVAmt>224603</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>OMNICOM GROUP INC</StockNm>
        <EOYBookValueAmt>162206</EOYBookValueAmt>
        <EOYFMVAmt>162206</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PACCAR INC</StockNm>
        <EOYBookValueAmt>82340</EOYBookValueAmt>
        <EOYFMVAmt>82340</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PERRIGO CO PLC</StockNm>
        <EOYBookValueAmt>167148</EOYBookValueAmt>
        <EOYFMVAmt>167148</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PRICESMART INC</StockNm>
        <EOYBookValueAmt>92618</EOYBookValueAmt>
        <EOYFMVAmt>92618</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PRIMERICA INC</StockNm>
        <EOYBookValueAmt>235909</EOYBookValueAmt>
        <EOYFMVAmt>235909</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PROGRESSIVE CORP/THE</StockNm>
        <EOYBookValueAmt>198822</EOYBookValueAmt>
        <EOYFMVAmt>198822</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RBC BEARINGS INC</StockNm>
        <EOYBookValueAmt>170524</EOYBookValueAmt>
        <EOYFMVAmt>170524</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RENAISSANCERE HOLDINGS LTD</StockNm>
        <EOYBookValueAmt>139169</EOYBookValueAmt>
        <EOYFMVAmt>139169</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RIGHTMOVE PLC</StockNm>
        <EOYBookValueAmt>210956</EOYBookValueAmt>
        <EOYFMVAmt>210956</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RLI CORP</StockNm>
        <EOYBookValueAmt>137926</EOYBookValueAmt>
        <EOYFMVAmt>137926</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SIMPSON MANUFACTURING CO INC</StockNm>
        <EOYBookValueAmt>233516</EOYBookValueAmt>
        <EOYFMVAmt>233516</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STANLEY BLACK &amp; DECKER INC</StockNm>
        <EOYBookValueAmt>169873</EOYBookValueAmt>
        <EOYFMVAmt>169873</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STATE STREET CORP</StockNm>
        <EOYBookValueAmt>185875</EOYBookValueAmt>
        <EOYFMVAmt>185875</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SYNCHRONY FINANCIAL</StockNm>
        <EOYBookValueAmt>67669</EOYBookValueAmt>
        <EOYFMVAmt>67669</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SYNEOS HEALTH INC</StockNm>
        <EOYBookValueAmt>150528</EOYBookValueAmt>
        <EOYFMVAmt>150528</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TE CONNECTIVITY LTD</StockNm>
        <EOYBookValueAmt>159542</EOYBookValueAmt>
        <EOYFMVAmt>159542</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TELEDYNE TECHNOLOGIES INC</StockNm>
        <EOYBookValueAmt>148544</EOYBookValueAmt>
        <EOYFMVAmt>148544</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TORO CO/THE</StockNm>
        <EOYBookValueAmt>162645</EOYBookValueAmt>
        <EOYFMVAmt>162645</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TREEHOUSE FOODS INC</StockNm>
        <EOYBookValueAmt>276012</EOYBookValueAmt>
        <EOYFMVAmt>276012</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ULTRA CLEAN HOLDINGS INC</StockNm>
        <EOYBookValueAmt>199459</EOYBookValueAmt>
        <EOYFMVAmt>199459</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>URBAN OUTFITTERS INC</StockNm>
        <EOYBookValueAmt>218322</EOYBookValueAmt>
        <EOYFMVAmt>218322</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VAREX IMAGING CORP</StockNm>
        <EOYBookValueAmt>225665</EOYBookValueAmt>
        <EOYFMVAmt>225665</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WATTS WATER TECHNOLOGIES INC</StockNm>
        <EOYBookValueAmt>178609</EOYBookValueAmt>
        <EOYFMVAmt>178609</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WHIRLPOOL CORP</StockNm>
        <EOYBookValueAmt>116153</EOYBookValueAmt>
        <EOYFMVAmt>116153</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WILLIAMS COS INC/THE</StockNm>
        <EOYBookValueAmt>146687</EOYBookValueAmt>
        <EOYFMVAmt>146687</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WOODWARD INC</StockNm>
        <EOYBookValueAmt>141140</EOYBookValueAmt>
        <EOYFMVAmt>141140</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ACACIA INST'L PARNTERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>757199</BookValueAmt>
        <EOYFMVAmt>757199</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ALPINE INVESTORS V</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>5462938</BookValueAmt>
        <EOYFMVAmt>5462938</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BAIN CAP DIST &amp; SS 2013</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>670835</BookValueAmt>
        <EOYFMVAmt>670835</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BGF GLOBAL ALPHA EQ-K</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>4649564</BookValueAmt>
        <EOYFMVAmt>4649564</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CAUSEWAY INTERNATL VAL-INST</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>9727233</BookValueAmt>
        <EOYFMVAmt>9727233</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CENTRE LANE PARTNERS IV LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>4399868</BookValueAmt>
        <EOYFMVAmt>4399868</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CLARION LION PROPERTIES FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>14239431</BookValueAmt>
        <EOYFMVAmt>14239431</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DFW CAPITAL PARTNERS VII</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>23493</BookValueAmt>
        <EOYFMVAmt>23493</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>EMINENCE FUND LONG</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>4737914</BookValueAmt>
        <EOYFMVAmt>4737914</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GENERAL ATLANTIC 2017 LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>36439095</BookValueAmt>
        <EOYFMVAmt>36439095</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GENERAL ATLANTIC INVEST 2021</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2349523</BookValueAmt>
        <EOYFMVAmt>2349523</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GQG EMERGING MARKETS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3942475</BookValueAmt>
        <EOYFMVAmt>3942475</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HIG MIDDLE MARKET LBO FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2972864</BookValueAmt>
        <EOYFMVAmt>2972864</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HRDNG LVNR GLBL EQTY-INST</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3498820</BookValueAmt>
        <EOYFMVAmt>3498820</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HRDNG LVNR INTL SM CO-INST</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>8035869</BookValueAmt>
        <EOYFMVAmt>8035869</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>IR&amp;M INTERMEDIATE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>13869671</BookValueAmt>
        <EOYFMVAmt>13869671</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES RUSSELL 2000 ETF</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>304848</BookValueAmt>
        <EOYFMVAmt>304848</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>KINDERHOOD CAP FUND 7</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>209870</BookValueAmt>
        <EOYFMVAmt>209870</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LEGACY VENTURE IX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>8030289</BookValueAmt>
        <EOYFMVAmt>8030289</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LEGACY VENTURE VI</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>5170688</BookValueAmt>
        <EOYFMVAmt>5170688</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LEGACY VENTURE VIII</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>22477076</BookValueAmt>
        <EOYFMVAmt>22477076</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LEGACY VENTURE X</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1216630</BookValueAmt>
        <EOYFMVAmt>1216630</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MERCED PARTNERS IV</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>728581</BookValueAmt>
        <EOYFMVAmt>728581</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MML CAPITAL PARTNERS V</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>6320</BookValueAmt>
        <EOYFMVAmt>6320</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NEUBERGER BERMAN</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>12033381</BookValueAmt>
        <EOYFMVAmt>12033381</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NINE TEN PARTNERS LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>5240531</BookValueAmt>
        <EOYFMVAmt>5240531</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PARTNERS FOR GROWTH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1306726</BookValueAmt>
        <EOYFMVAmt>1306726</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>RCP MULTI-STRATEGY FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2027356</BookValueAmt>
        <EOYFMVAmt>2027356</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>RCP SECONDARY OPPORTUNITY</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>33843</BookValueAmt>
        <EOYFMVAmt>33843</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>REGIMENT SPECIAL SITUATIONS V</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>51541</BookValueAmt>
        <EOYFMVAmt>51541</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SIGULER GUFF IV</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>11277800</BookValueAmt>
        <EOYFMVAmt>11277800</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SIGULER GUFF V</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>42328</BookValueAmt>
        <EOYFMVAmt>42328</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>STEPSTONE SECONDARY OPP. II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>724012</BookValueAmt>
        <EOYFMVAmt>724012</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>STONEHILL INST'L PARTNERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3652412</BookValueAmt>
        <EOYFMVAmt>3652412</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD INST INDEX-INST</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>33396120</BookValueAmt>
        <EOYFMVAmt>33396120</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD M/C GROW INDX-ADM</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>5350417</BookValueAmt>
        <EOYFMVAmt>5350417</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD TOTAL INTERNATIONAL STOCK INDEX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>8990017</BookValueAmt>
        <EOYFMVAmt>8990017</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VR GLOBAL OFFSHORE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3590750</BookValueAmt>
        <EOYFMVAmt>3590750</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WELLINGTON EMERGING MARKETS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3145585</BookValueAmt>
        <EOYFMVAmt>3145585</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WIF-TARPON INVESTIMENTOS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>777098</BookValueAmt>
        <EOYFMVAmt>777098</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>4503</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6137</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>INTEREST &amp; DIVIDEND RECEIVABLE</Desc>
        <BOYBookValueAmt>8742</BOYBookValueAmt>
        <EOYBookValueAmt>19427</EOYBookValueAmt>
        <EOYFMVAmt>19427</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>GRANTS TO BE RETURNED</Desc>
        <BOYBookValueAmt>2000</BOYBookValueAmt>
        <EOYBookValueAmt>165</EOYBookValueAmt>
        <EOYFMVAmt>165</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>RECEIVABLE FROM BROKER FOR SECURITIES</Desc>
        <BOYBookValueAmt>297652</BOYBookValueAmt>
        <EOYBookValueAmt>2564655</EOYBookValueAmt>
        <EOYFMVAmt>2564655</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>TAXES RECEIVABLE</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>513675</EOYBookValueAmt>
        <EOYFMVAmt>513675</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>OTHER RECEIVABLES</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>1988</EOYBookValueAmt>
        <EOYFMVAmt>1988</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSS</Desc>
        <Amt>38390963</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>6235</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6235</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES &amp; SUBSCRIPTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>5388</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5388</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PHONE &amp; INTERNET</Desc>
        <RevenueAndExpensesPerBooksAmt>4301</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3252</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>K-1 CHARITABLE CONTRIBUTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>0</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>541</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER/PORTFOLIO EXPENSES FROM K-1S</Desc>
        <RevenueAndExpensesPerBooksAmt>0</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2212867</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>19863</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>22860</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE &amp; MAILING</Desc>
        <RevenueAndExpensesPerBooksAmt>8665</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>8665</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UW CAMPUS MENTORING</Desc>
        <RevenueAndExpensesPerBooksAmt>93558</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>79708</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NONCASH GIFTS FOR GRANT RECIPIENTS</Desc>
        <RevenueAndExpensesPerBooksAmt>72153</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>72153</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>K-1 ACTIVITY</Desc>
        <NetInvestmentIncomeAmt>96814</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>PARTNERSHIP INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>734164</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>734164</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilitiesDetail>
        <Desc>TAXES PAYABLE</Desc>
        <BOYBookValueAmt>252142</BOYBookValueAmt>
        <EOYBookValueAmt>3560</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>TRUSTEE FEES PAYABLE</Desc>
        <BOYBookValueAmt>21000</BOYBookValueAmt>
        <EOYBookValueAmt>0</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>PAYABLE TO BROKER FOR SECURITIES</Desc>
        <BOYBookValueAmt>41277</BOYBookValueAmt>
        <EOYBookValueAmt>21659</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT FEES</CategoryTxt>
        <Amt>1542140</Amt>
        <NetInvestmentIncomeAmt>1542140</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OUTSIDE SERVICES</CategoryTxt>
        <Amt>148450</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>160966</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE &amp; UBI TAX</CategoryTxt>
        <Amt>290633</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>K-1 FOREIGN TAX</CategoryTxt>
        <Amt>0</Amt>
        <NetInvestmentIncomeAmt>57020</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
