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      <PreparerPersonNm>Jeffrey D Haskell</PreparerPersonNm>
      <PTIN>P01345770</PTIN>
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            <StateAbbreviationCd>DE</StateAbbreviationCd>
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            <StateAbbreviationCd>DE</StateAbbreviationCd>
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        <PriorYear2Yr>2019</PriorYear2Yr>
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        <GrantOrContributionPdDurYrGrp>
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            <CityNm>SAN FRANCISCO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SIERRA BUTTES TRAIL STEWARDSHIP</BusinessNameLine1Txt>
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            <AddressLine1Txt>550 CRESCENT ST</AddressLine1Txt>
            <CityNm>QUINCY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95971</ZIPCd>
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        <MembershipDuesAndAssmntGrp />
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        <NetRntlIncmReNotDebtFincdProp />
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        <OtherRevenueDescribedGrp>
          <Desc>K-1 INC/LOSS</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1116</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>49089</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>49089</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <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="IRS990ScheduleB">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>Barr Lynn</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>PO Box 3462</AddressLine1Txt>
          <CityNm>Incline Village</CityNm>
          <StateAbbreviationCd>NV</StateAbbreviationCd>
          <ZIPCd>89450</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>14825500</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <DepreciationSchedule documentId="DepreciationSch" />
    <GeneralExplanationAttachment documentId="GeneralExplAttach">
      <GeneralExplanationGrp>
        <IdentifierTxt>FORM 926</IdentifierTxt>
        <FormAndLineReferenceDesc>Form 926</FormAndLineReferenceDesc>
        <MediumExplanationTxt>The Foundation has prepared this form to the best of its ability based on the limited information provided to it by the investment on which the Foundation is reporting and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.</MediumExplanationTxt>
      </GeneralExplanationGrp>
    </GeneralExplanationAttachment>
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorporateBondsGrp>
        <BondNm>ABBVIE INC SER B - 2.600% - 11</BondNm>
        <EOYBookValueAmt>69996</EOYBookValueAmt>
        <EOYFMVAmt>69918</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AIR LEASE CORP SER A MTN - 0.7</BondNm>
        <EOYBookValueAmt>69598</EOYBookValueAmt>
        <EOYFMVAmt>69951</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AMAZON INC - 2.100% - 05/12/20</BondNm>
        <EOYBookValueAmt>47703</EOYBookValueAmt>
        <EOYFMVAmt>46549</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AT&amp;T - 2.550% - 12/01/2033</BondNm>
        <EOYBookValueAmt>48118</EOYBookValueAmt>
        <EOYFMVAmt>46879</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BANK AMER CORP MTN - 2.884% -</BondNm>
        <EOYBookValueAmt>47887</EOYBookValueAmt>
        <EOYFMVAmt>47118</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BK OF AMERICA CORP SER N MTN -</BondNm>
        <EOYBookValueAmt>69122</EOYBookValueAmt>
        <EOYFMVAmt>69246</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BNY MELLONC ORP SER J - 4.410%</BondNm>
        <EOYBookValueAmt>69140</EOYBookValueAmt>
        <EOYFMVAmt>68989</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CAPITAL ONE FINL CORP NOTE - 2</BondNm>
        <EOYBookValueAmt>70296</EOYBookValueAmt>
        <EOYFMVAmt>70370</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CELANESE US HLDGS LLC NOTE - 6</BondNm>
        <EOYBookValueAmt>69788</EOYBookValueAmt>
        <EOYFMVAmt>69814</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CITI - 10.000% - 11/21/2024</BondNm>
        <EOYBookValueAmt>500000</EOYBookValueAmt>
        <EOYFMVAmt>481749</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CITIGROUP INC NOTE - 3.668% -</BondNm>
        <EOYBookValueAmt>48187</EOYBookValueAmt>
        <EOYFMVAmt>47756</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CITIGROUP INC NOTE - 4.140% -</BondNm>
        <EOYBookValueAmt>69713</EOYBookValueAmt>
        <EOYFMVAmt>69895</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>COMCAST CORP NOTE - 4.150% - 1</BondNm>
        <EOYBookValueAmt>48564</EOYBookValueAmt>
        <EOYFMVAmt>47947</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CVS CAREMARK CORP NOTE - 4.300</BondNm>
        <EOYBookValueAmt>47642</EOYBookValueAmt>
        <EOYFMVAmt>47395</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>DISCOVER FINL SVCS NOTE - 3.95</BondNm>
        <EOYBookValueAmt>70124</EOYBookValueAmt>
        <EOYFMVAmt>70191</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>DOLLAR GEN - 4.250% - 09/20/20</BondNm>
        <EOYBookValueAmt>69997</EOYBookValueAmt>
        <EOYFMVAmt>70113</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EBAY INC. NOTE - 5.900% - 11/2</BondNm>
        <EOYBookValueAmt>69638</EOYBookValueAmt>
        <EOYFMVAmt>69551</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ENABLE MIDSTREAM PARTNERS LP -</BondNm>
        <EOYBookValueAmt>70335</EOYBookValueAmt>
        <EOYFMVAmt>70292</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ENBRIDGE INC MTN CDS- NOTE - 2</BondNm>
        <EOYBookValueAmt>29962</EOYBookValueAmt>
        <EOYFMVAmt>29922</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ENTERPRISE PRODUCTS OPERTATING</BondNm>
        <EOYBookValueAmt>30505</EOYBookValueAmt>
        <EOYFMVAmt>28972</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GENERAL MOT FIN CO INC NOTE M/</BondNm>
        <EOYBookValueAmt>69617</EOYBookValueAmt>
        <EOYFMVAmt>69554</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GOLDMAN SACHS - 3.800% - 03/15</BondNm>
        <EOYBookValueAmt>48271</EOYBookValueAmt>
        <EOYFMVAmt>47645</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GOLDMAN SACHS GROUP INC NOTE C</BondNm>
        <EOYBookValueAmt>69641</EOYBookValueAmt>
        <EOYFMVAmt>69835</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>JP MORGAN CHASE BANK - 4.203%</BondNm>
        <EOYBookValueAmt>63059</EOYBookValueAmt>
        <EOYFMVAmt>62431</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>JPMORGAN CHASE &amp; CO NOTE - 4.0</BondNm>
        <EOYBookValueAmt>70313</EOYBookValueAmt>
        <EOYFMVAmt>69941</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LOCKHEED MARTIN CORP NOTE - 4.</BondNm>
        <EOYBookValueAmt>69820</EOYBookValueAmt>
        <EOYFMVAmt>69524</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NEXTERA ENERGY CAP HLDGS INC B</BondNm>
        <EOYBookValueAmt>68652</EOYBookValueAmt>
        <EOYFMVAmt>68268</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PNC FINL SVCS GROUP INC NOTE -</BondNm>
        <EOYBookValueAmt>69645</EOYBookValueAmt>
        <EOYFMVAmt>69854</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ROYAL BK CDA MTN - 5.660% - 10</BondNm>
        <EOYBookValueAmt>69893</EOYBookValueAmt>
        <EOYFMVAmt>69835</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SHELL INT'L FINANCE - 2.875% -</BondNm>
        <EOYBookValueAmt>48590</EOYBookValueAmt>
        <EOYFMVAmt>48027</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SOUTHERN CO SER 2022A NOTE - 5</BondNm>
        <EOYBookValueAmt>69463</EOYBookValueAmt>
        <EOYFMVAmt>69560</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>STATE STREET - 5.751% - 11/04/</BondNm>
        <EOYBookValueAmt>69460</EOYBookValueAmt>
        <EOYFMVAmt>69668</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TAKE-TWO INTERACTIVE SOFTWARE</BondNm>
        <EOYBookValueAmt>70189</EOYBookValueAmt>
        <EOYFMVAmt>70266</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TRUIST FINANCIAL CORP - 4.260%</BondNm>
        <EOYBookValueAmt>68878</EOYBookValueAmt>
        <EOYFMVAmt>68835</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>US BANCORP MTN - 5.727% - 10/2</BondNm>
        <EOYBookValueAmt>69555</EOYBookValueAmt>
        <EOYFMVAmt>69398</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VERIZON COMMUNICATIONS INC - 4</BondNm>
        <EOYBookValueAmt>48089</EOYBookValueAmt>
        <EOYFMVAmt>47723</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WELLS FARGO &amp; CO SER U MTN - 3</BondNm>
        <EOYBookValueAmt>69789</EOYBookValueAmt>
        <EOYFMVAmt>70043</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WELLS FARGO - 3.584% - 05/22/2</BondNm>
        <EOYBookValueAmt>48341</EOYBookValueAmt>
        <EOYFMVAmt>48281</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>CITI ENHANCED TRIGGER JUMP SPX</StockNm>
        <EOYBookValueAmt>1000000</EOYBookValueAmt>
        <EOYFMVAmt>974001</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LORD ABBETT INVESTMENT TRUST S</StockNm>
        <EOYBookValueAmt>750000</EOYBookValueAmt>
        <EOYFMVAmt>751963</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WESTERN ASSET SMASH SERIES C F</StockNm>
        <EOYBookValueAmt>292024</EOYBookValueAmt>
        <EOYFMVAmt>287176</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WESTERN ASSET SMASH SERIES EC</StockNm>
        <EOYBookValueAmt>859060</EOYBookValueAmt>
        <EOYFMVAmt>848631</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WESTERN ASSET SMASH SERIES M F</StockNm>
        <EOYBookValueAmt>398128</EOYBookValueAmt>
        <EOYFMVAmt>393949</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <USGovtObligationsBookVlEOYAmt>1059433</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>1028288</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FORTRESS LENDING FUND IIIA</CategoryOrItemTxt>
        <BookValueAmt>1085</BookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LiquidationExplanationStmt documentId="LiquidExpStmt">
      <ExplanationTxt>This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2022 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2022, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $10,000. This amount represents 25% or more of the Foundation's net assets of $5,500 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2022. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.</ExplanationTxt>
    </LiquidationExplanationStmt>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>Administrative Set-Up Fee</Desc>
        <RevenueAndExpensesPerBooksAmt>5500</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>5500</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>K-1 EXP FORTRESS LENDING IIIA</Desc>
        <RevenueAndExpensesPerBooksAmt>31</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>31</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>K-1 inc/loss Fortress lending fund IIIA</Desc>
        <RevenueAndExpensesPerBooksAmt>1116</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1116</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment Management Services</CategoryTxt>
        <Amt>2203</Amt>
        <NetInvestmentIncomeAmt>2203</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <SubstantialContributorsSch documentId="SubsContributorsSch">
      <SubstantialContributorDetail>
        <PersonNm>Barr Lynn</PersonNm>
        <USAddress>
          <AddressLine1Txt>PO Box 3462</AddressLine1Txt>
          <CityNm>Incline Village</CityNm>
          <StateAbbreviationCd>NV</StateAbbreviationCd>
          <ZIPCd>89450</ZIPCd>
        </USAddress>
      </SubstantialContributorDetail>
      <SubstantialContributorDetail>
        <PersonNm>Campbell Robert</PersonNm>
        <USAddress>
          <AddressLine1Txt>PO Box 3462</AddressLine1Txt>
          <CityNm>Incline Village</CityNm>
          <StateAbbreviationCd>NV</StateAbbreviationCd>
          <ZIPCd>89450</ZIPCd>
        </USAddress>
      </SubstantialContributorDetail>
    </SubstantialContributorsSch>
  </ReturnData>
</Return>
