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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1 SHS DUPONT DE NEMOURS INC</PropertyDesc>
          <AcquiredDt>2008-12-11</AcquiredDt>
          <SoldDt>2019-06-03</SoldDt>
          <GrossSalesPriceAmt>48</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>19</CostOrOtherBasisAmt>
          <GainOrLossAmt>29</GainOrLossAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>640 SHS COLGATE PALMOLIVE CO</PropertyDesc>
          <AcquiredDt>2012-04-19</AcquiredDt>
          <SoldDt>2018-11-27</SoldDt>
          <GrossSalesPriceAmt>40322</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>31514</CostOrOtherBasisAmt>
          <GainOrLossAmt>8808</GainOrLossAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>25,000 SHS CITIGROUP INC</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-02-20</SoldDt>
          <GrossSalesPriceAmt>26187</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>25692</CostOrOtherBasisAmt>
          <GainOrLossAmt>495</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>495</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>18,000 SHS CITIGROUP INC</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-03-05</SoldDt>
          <GrossSalesPriceAmt>18623</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>17631</CostOrOtherBasisAmt>
          <GainOrLossAmt>992</GainOrLossAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>18,000 SHS FIFTH THIRD BANCO</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-03-05</SoldDt>
          <GrossSalesPriceAmt>18137</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>17932</CostOrOtherBasisAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>746 SHS GMAC CAPITAL</PropertyDesc>
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          <PropertyDesc>17,000 SHS WELLS FARGO</PropertyDesc>
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          <PropertyDesc>54,000 SHS STEEL DYNAMICS</PropertyDesc>
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          <SoldDt>2019-02-12</SoldDt>
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          <PropertyDesc>35,000 SHS STEEL DYNAMICS</PropertyDesc>
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          <GrossSalesPriceAmt>36050</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>35091</CostOrOtherBasisAmt>
          <GainOrLossAmt>959</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>61,000 SHS SBA COMMUNICATION</PropertyDesc>
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          <GrossSalesPriceAmt>60924</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>58835</CostOrOtherBasisAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>50,000 SHS SBA COMMUNICATION</PropertyDesc>
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          <SoldDt>2019-03-15</SoldDt>
          <GrossSalesPriceAmt>49938</GrossSalesPriceAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>54,000 SHS LTD BRANDS LTD</PropertyDesc>
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          <SoldDt>2019-05-23</SoldDt>
          <GrossSalesPriceAmt>55350</GrossSalesPriceAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>55,000 SHS LTD BRANDS LTD</PropertyDesc>
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          <SoldDt>2019-05-23</SoldDt>
          <GrossSalesPriceAmt>56375</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>55254</CostOrOtherBasisAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>56,000 SHS LTD BRANDS LTD</PropertyDesc>
          <AcquiredDt>2018-12-19</AcquiredDt>
          <SoldDt>2019-05-23</SoldDt>
          <GrossSalesPriceAmt>57400</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>55796</CostOrOtherBasisAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>17,000 UNITS US TSY NOTE</PropertyDesc>
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          <SoldDt>2019-05-22</SoldDt>
          <GrossSalesPriceAmt>16865</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16801</CostOrOtherBasisAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>58,000 SHS KLA-TENCOR CORP</PropertyDesc>
          <AcquiredDt>2018-10-10</AcquiredDt>
          <SoldDt>2019-06-07</SoldDt>
          <GrossSalesPriceAmt>62713</GrossSalesPriceAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>30,000 SHS KLA-TENOR CORP</PropertyDesc>
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          <GrossSalesPriceAmt>32438</GrossSalesPriceAmt>
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          <GainOrLossAmt>1938</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>60,000 SHS L-3 COMMUNICATION</PropertyDesc>
          <AcquiredDt>2018-10-11</AcquiredDt>
          <SoldDt>2019-06-04</SoldDt>
          <GrossSalesPriceAmt>62470</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>59077</CostOrOtherBasisAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>60,000 SHS L-3 COMMUNICATION</PropertyDesc>
          <AcquiredDt>2018-11-09</AcquiredDt>
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          <GrossSalesPriceAmt>62470</GrossSalesPriceAmt>
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          <PropertyDesc>61,000 SHS L-3 COMMUNICATION</PropertyDesc>
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          <PropertyDesc>2 SHS ESSEX PROPERTY TRUST INC</PropertyDesc>
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          <PropertyDesc>1 SHS ESSEX PROPERTY TRUST INC</PropertyDesc>
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          <SoldDt>2018-10-10</SoldDt>
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          <PropertyDesc>31 SHS REALTY INCOME CORP</PropertyDesc>
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          <PropertyDesc>25 SHS SL GREEN REALTY CP</PropertyDesc>
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          <PropertyDesc>9 SHS AMERICAN TOWER REIT</PropertyDesc>
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          <PropertyDesc>35 SHS SIMON PPTY GROUP INC</PropertyDesc>
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          <PropertyDesc>18 SHS SIMON PPTY GROUP INC</PropertyDesc>
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          <PropertyDesc>40 SHS SPIRIT MTA REIT</PropertyDesc>
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          <PropertyDesc>41 SHS SPIRIT MTA REIT</PropertyDesc>
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          <PropertyDesc>49 SHS STORE CAPITAL CORPORATION</PropertyDesc>
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          <PropertyDesc>15 SHS CROWN CASTLE INTL</PropertyDesc>
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          <PropertyDesc>1 SHS CROWN CASTLE INTL</PropertyDesc>
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          <PropertyDesc>121 SHS INVITATION HOMES</PropertyDesc>
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          <PropertyDesc>0.40 SHS SPIRIT RLTY CAP</PropertyDesc>
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          <PropertyDesc>14 SHS AMERICAN TOWER REIT</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
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          <PropertyDesc>20 SHS EQUITY RESIDENTIAL</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
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          <PropertyDesc>22 SHS EXTRA SPACE STORAGE</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
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          <GrossSalesPriceAmt>2023</GrossSalesPriceAmt>
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          <PropertyDesc>25 SHS HILTON WORLDWIDE HOLDINGS</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-01-17</SoldDt>
          <GrossSalesPriceAmt>1798</GrossSalesPriceAmt>
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          <PropertyDesc>9 SHS AMERICAN TOWER REIT</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-02-06</SoldDt>
          <GrossSalesPriceAmt>1538</GrossSalesPriceAmt>
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          <GainOrLossAmt>73</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>0.49 SHS APARTMENT INVT &amp; MGMT</PropertyDesc>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2019-02-21</SoldDt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>39 SHS EQUINIX INC</PropertyDesc>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2019-02-06</SoldDt>
          <GrossSalesPriceAmt>15277</GrossSalesPriceAmt>
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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>9 SHS EQUINIX INC</PropertyDesc>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2019-02-06</SoldDt>
          <GrossSalesPriceAmt>3525</GrossSalesPriceAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>177 SHS EXTENDED STAY AMERICA</PropertyDesc>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2019-02-26</SoldDt>
          <GrossSalesPriceAmt>3181</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3345</CostOrOtherBasisAmt>
          <GainOrLossAmt>-164</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-164</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>54 SHS EXTENDED STAY AMERICA</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-02-26</SoldDt>
          <GrossSalesPriceAmt>970</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>988</CostOrOtherBasisAmt>
          <GainOrLossAmt>-18</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-18</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>24 SHS HILTON WORLDWID</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-02-26</SoldDt>
          <GrossSalesPriceAmt>2026</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1804</CostOrOtherBasisAmt>
          <GainOrLossAmt>222</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>222</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>36 SHS VORNADO REALTY TRUST</PropertyDesc>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2019-02-26</SoldDt>
          <GrossSalesPriceAmt>2445</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2539</CostOrOtherBasisAmt>
          <GainOrLossAmt>-94</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-94</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>37 SHS VORNADO REALTY TRUST</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-02-26</SoldDt>
          <GrossSalesPriceAmt>2513</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2510</CostOrOtherBasisAmt>
          <GainOrLossAmt>3</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>36 SHS VORNADO REALTY TRUST</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-02-26</SoldDt>
          <GrossSalesPriceAmt>2445</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2586</CostOrOtherBasisAmt>
          <GainOrLossAmt>-141</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-141</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>14 SHS ESSEX PROPERTY TRUST</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-03-22</SoldDt>
          <GrossSalesPriceAmt>4119</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3669</CostOrOtherBasisAmt>
          <GainOrLossAmt>450</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>450</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>19 SHS SIMON PPTY GROUP</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-03-22</SoldDt>
          <GrossSalesPriceAmt>3410</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3509</CostOrOtherBasisAmt>
          <GainOrLossAmt>-99</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-99</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>13 SHS AMERICAN TOWER REIT</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-04-25</SoldDt>
          <GrossSalesPriceAmt>2497</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1992</CostOrOtherBasisAmt>
          <GainOrLossAmt>505</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>505</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>2 SHS AMERICAN TOWER REIT</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-04-25</SoldDt>
          <GrossSalesPriceAmt>384</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>326</CostOrOtherBasisAmt>
          <GainOrLossAmt>58</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>58</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>0.82 SHS APARTMENT INVT &amp; MGMT</PropertyDesc>
          <AcquiredDt>2019-02-21</AcquiredDt>
          <SoldDt>2019-02-21</SoldDt>
          <GrossSalesPriceAmt>41</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>41</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>31 SHS LIBERTY PROPERTY TRUST</PropertyDesc>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2019-04-25</SoldDt>
          <GrossSalesPriceAmt>1513</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1313</CostOrOtherBasisAmt>
          <GainOrLossAmt>200</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>200</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>78 SHS LIBERTY PROPERTY TRUST</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-04-25</SoldDt>
          <GrossSalesPriceAmt>3807</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3497</CostOrOtherBasisAmt>
          <GainOrLossAmt>310</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>310</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>42 SHS LIBERTY PROPERTY TRUST</PropertyDesc>
          <AcquiredDt>2018-10-15</AcquiredDt>
          <SoldDt>2019-05-17</SoldDt>
          <GrossSalesPriceAmt>2014</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1705</CostOrOtherBasisAmt>
          <GainOrLossAmt>309</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>309</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>7 SHS LIBERTY PROPERTY TRUST</PropertyDesc>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2019-05-17</SoldDt>
          <GrossSalesPriceAmt>336</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>296</CostOrOtherBasisAmt>
          <GainOrLossAmt>40</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>40</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>80 SHS LIBERTY PROPERTY TRUST</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-05-17</SoldDt>
          <GrossSalesPriceAmt>3836</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3386</CostOrOtherBasisAmt>
          <GainOrLossAmt>450</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>450</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>75 SHS EXTRA SPACE STORAGE</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-06-11</SoldDt>
          <GrossSalesPriceAmt>8112</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7150</CostOrOtherBasisAmt>
          <GainOrLossAmt>962</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>962</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>107 SHS HILTON GRAND VCTN</PropertyDesc>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2019-06-11</SoldDt>
          <GrossSalesPriceAmt>3054</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3316</CostOrOtherBasisAmt>
          <GainOrLossAmt>-262</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-262</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>104 SHS HILTON GRAND VCTN</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-06-11</SoldDt>
          <GrossSalesPriceAmt>2968</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3291</CostOrOtherBasisAmt>
          <GainOrLossAmt>-323</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-323</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>104 SHS HILTON GRAND VCTN</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-06-11</SoldDt>
          <GrossSalesPriceAmt>2968</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3320</CostOrOtherBasisAmt>
          <GainOrLossAmt>-352</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-352</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>33 SHS PROLOGIS INC COM</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-06-11</SoldDt>
          <GrossSalesPriceAmt>2575</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2216</CostOrOtherBasisAmt>
          <GainOrLossAmt>359</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>359</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>28 SHS PROLOGIS INC COM</PropertyDesc>
          <AcquiredDt>2019-02-06</AcquiredDt>
          <SoldDt>2019-06-11</SoldDt>
          <GrossSalesPriceAmt>2185</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1941</CostOrOtherBasisAmt>
          <GainOrLossAmt>244</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>244</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>23 SHS SIMON PPTY GROUP</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-06-11</SoldDt>
          <GrossSalesPriceAmt>3729</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4248</CostOrOtherBasisAmt>
          <GainOrLossAmt>-519</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-519</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>63 SHS CORPORATE OFFICES</PropertyDesc>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2019-07-08</SoldDt>
          <GrossSalesPriceAmt>1728</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1805</CostOrOtherBasisAmt>
          <GainOrLossAmt>-77</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-77</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>61 SHS CORPORATE OFFICES</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-07-17</SoldDt>
          <GrossSalesPriceAmt>1627</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1580</CostOrOtherBasisAmt>
          <GainOrLossAmt>47</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>47</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1 SHS CORPORATE OFFICES</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-07-17</SoldDt>
          <GrossSalesPriceAmt>27</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>26</CostOrOtherBasisAmt>
          <GainOrLossAmt>1</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>62 SHS CORPORATE OFFICES</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-07-17</SoldDt>
          <GrossSalesPriceAmt>1653</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1513</CostOrOtherBasisAmt>
          <GainOrLossAmt>140</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>140</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>18 SHS CORPORATE OFFICES</PropertyDesc>
          <AcquiredDt>2019-01-17</AcquiredDt>
          <SoldDt>2019-07-17</SoldDt>
          <GrossSalesPriceAmt>480</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>421</CostOrOtherBasisAmt>
          <GainOrLossAmt>59</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>59</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>118 SHS HUDSON PACIFIC PROPERTIES</PropertyDesc>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2019-07-08</SoldDt>
          <GrossSalesPriceAmt>4041</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3770</CostOrOtherBasisAmt>
          <GainOrLossAmt>271</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>271</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>121 SHS HUDSON PACIFIC PROPERTIES</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-07-08</SoldDt>
          <GrossSalesPriceAmt>4144</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3644</CostOrOtherBasisAmt>
          <GainOrLossAmt>500</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>500</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>115 SHS HUDSON PACIFIC PROPERTIES</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-07-08</SoldDt>
          <GrossSalesPriceAmt>3938</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3541</CostOrOtherBasisAmt>
          <GainOrLossAmt>397</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>397</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>26 SHS PROLOGIS INC</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-07-17</SoldDt>
          <GrossSalesPriceAmt>2112</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1746</CostOrOtherBasisAmt>
          <GainOrLossAmt>366</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>366</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>95 SHS SPIRIT REALTY CAPITAL</PropertyDesc>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2019-07-17</SoldDt>
          <GrossSalesPriceAmt>4162</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3688</CostOrOtherBasisAmt>
          <GainOrLossAmt>474</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>474</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>141 SHS SPIRIT REALTY CAPITAL</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-07-17</SoldDt>
          <GrossSalesPriceAmt>6173</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5618</CostOrOtherBasisAmt>
          <GainOrLossAmt>555</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>555</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>0.40 SHS SPIRIT RLTY CAP</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-07-17</SoldDt>
          <GrossSalesPriceAmt>17</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16</CostOrOtherBasisAmt>
          <GainOrLossAmt>1</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>0.20 SHS SPIRIT REALTY CAPITAL</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-07-17</SoldDt>
          <GrossSalesPriceAmt>9</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8</CostOrOtherBasisAmt>
          <GainOrLossAmt>1</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>21 SHS ALEXANDRIA REAL ESTATE EQ</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-08-27</SoldDt>
          <GrossSalesPriceAmt>3100</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2616</CostOrOtherBasisAmt>
          <GainOrLossAmt>484</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>484</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>9 SHS ALEXANDRIA REAL ESTATE EQ</PropertyDesc>
          <AcquiredDt>2019-02-26</AcquiredDt>
          <SoldDt>2019-08-27</SoldDt>
          <GrossSalesPriceAmt>1329</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1226</CostOrOtherBasisAmt>
          <GainOrLossAmt>103</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>103</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>62 SHS CORPORATE OFFICES</PropertyDesc>
          <AcquiredDt>2019-01-17</AcquiredDt>
          <SoldDt>2019-08-02</SoldDt>
          <GrossSalesPriceAmt>1717</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1449</CostOrOtherBasisAmt>
          <GainOrLossAmt>268</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>268</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>15 SHS CROWN CASTLE INTL</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-08-02</SoldDt>
          <GrossSalesPriceAmt>2004</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1631</CostOrOtherBasisAmt>
          <GainOrLossAmt>373</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>373</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>113 SHS EXTENDED STAY AMERICA</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-08-02</SoldDt>
          <GrossSalesPriceAmt>1788</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2068</CostOrOtherBasisAmt>
          <GainOrLossAmt>-280</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-280</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>71 SHS EXTENDED STAY AMERICA</PropertyDesc>
          <AcquiredDt>2018-11-14</AcquiredDt>
          <SoldDt>2019-08-02</SoldDt>
          <GrossSalesPriceAmt>1123</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1294</CostOrOtherBasisAmt>
          <GainOrLossAmt>-171</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-171</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>204 SHS EXTENDED STAY AMERICA</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-08-02</SoldDt>
          <GrossSalesPriceAmt>3228</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3698</CostOrOtherBasisAmt>
          <GainOrLossAmt>-470</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-470</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>37 SHS HILTON WORLDWIDE HOLDINGS</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-08-02</SoldDt>
          <GrossSalesPriceAmt>3502</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2781</CostOrOtherBasisAmt>
          <GainOrLossAmt>721</GainOrLossAmt>
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        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>48.80 SHS SPIRIT REALTY CAPITAL</PropertyDesc>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2019-08-27</SoldDt>
          <GrossSalesPriceAmt>2281</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1890</CostOrOtherBasisAmt>
          <GainOrLossAmt>391</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>391</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>137 SHS SPIRIT REALTY CAPITAL</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-08-27</SoldDt>
          <GrossSalesPriceAmt>6414</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5068</CostOrOtherBasisAmt>
          <GainOrLossAmt>1346</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1346</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1 SHS AVALONBAY COMM INC</PropertyDesc>
          <AcquiredDt>2019-02-06</AcquiredDt>
          <SoldDt>2019-09-23</SoldDt>
          <GrossSalesPriceAmt>210</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>194</CostOrOtherBasisAmt>
          <GainOrLossAmt>16</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>16</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>7 SHS AVALONBAY COMM INC</PropertyDesc>
          <AcquiredDt>2019-06-11</AcquiredDt>
          <SoldDt>2019-09-23</SoldDt>
          <GrossSalesPriceAmt>1467</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1454</CostOrOtherBasisAmt>
          <GainOrLossAmt>13</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>13</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>7 SHS ESSEX PROPERTY TRUST INC</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-09-23</SoldDt>
          <GrossSalesPriceAmt>2275</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1835</CostOrOtherBasisAmt>
          <GainOrLossAmt>440</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>440</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>131 SHS SUNSTONE HOTEL INVESTORS INC</PropertyDesc>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2019-09-06</SoldDt>
          <GrossSalesPriceAmt>1754</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2051</CostOrOtherBasisAmt>
          <GainOrLossAmt>-297</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-297</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1 SHS SUNSTONE HOTEL INVESTORS INC</PropertyDesc>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2019-09-06</SoldDt>
          <GrossSalesPriceAmt>12</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>95 SHS TANGER FACTORY OUTLET CENTERS</PropertyDesc>
          <AcquiredDt>2018-10-04</AcquiredDt>
          <SoldDt>2019-09-06</SoldDt>
          <GrossSalesPriceAmt>1435</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2016</CostOrOtherBasisAmt>
          <GainOrLossAmt>-581</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-581</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>91 SHS TANGER FACTORY OUTLET CENTERS</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-09-06</SoldDt>
          <GrossSalesPriceAmt>1375</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2036</CostOrOtherBasisAmt>
          <GainOrLossAmt>-661</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-661</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1 SHS TANGER FACTORY OUTLET CENTERS</PropertyDesc>
          <AcquiredDt>2018-11-01</AcquiredDt>
          <SoldDt>2019-09-06</SoldDt>
          <GrossSalesPriceAmt>14</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>22</CostOrOtherBasisAmt>
          <GainOrLossAmt>-8</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-8</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>95 SHS TANGER FACTORY OUTLET CENTERS</PropertyDesc>
          <AcquiredDt>2018-11-30</AcquiredDt>
          <SoldDt>2019-09-06</SoldDt>
          <GrossSalesPriceAmt>1435</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2249</CostOrOtherBasisAmt>
          <GainOrLossAmt>-814</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-814</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAINS DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>61072</GrossSalesPriceAmt>
          <GainOrLossAmt>61072</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>61072</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>4983450</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>1780530</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>39811225</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.044724</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>1877000</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>37038591</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.050677</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>1825364</AdjustedQlfyDistriYr3Amt>
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        <DistributionYr3Rt>0.053891</DistributionYr3Rt>
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        <DistributionYr4Rt>0.047697</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>1746485</AdjustedQlfyDistriYr5Amt>
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        <DistributionYr5Rt>0.046973</DistributionYr5Rt>
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        <NetVlNoncharitableAssetsAmt>39505608</NetVlNoncharitableAssetsAmt>
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        <NetInvestmentIncomePctAmt>58110</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>1985668</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>1683239</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>116220</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
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        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>116220</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>56914</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
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        <TotalPaymentsAndCreditsAmt>56914</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <TaxDueAmt>59306</TaxDueAmt>
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      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
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        <Form1120POLFiledInd>0</Form1120POLFiledInd>
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        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
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        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>GURSEY SCHNEIDER LLP</IndividualWithBooksNm>
        <PhoneNum>3105520960</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1888 CENTURY PARK EAST STE 900</AddressLine1Txt>
          <CityNm>LOS ANGELES</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90067</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
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      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>1</PayCompDisqualifiedPrsnInd>
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        <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>
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      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SHARI LEINWAND</PersonNm>
          <USAddress>
            <AddressLine1Txt>2029 CENTURY PARK EAST SUITE 4000</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>900673026</ZIPCd>
          </USAddress>
          <TitleTxt>CFO AND SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
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          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SARAH KETTERER</PersonNm>
          <USAddress>
            <AddressLine1Txt>2029 CENTURY PARK EAST SUITE 4000</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>900673026</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RYAN FRISBY</PersonNm>
          <USAddress>
            <AddressLine1Txt>2029 CENTURY PARK EAST SUITE 4000</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>900673026</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>MORGAN STANLEY</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>1999 AVENUE OF THE STARS STE 2400</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90067</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MANAGEMENT</ServiceTypeTxt>
          <CompensationAmt>204490</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>38601672</AverageMonthlyFMVOfSecAmt>
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        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>40107216</AdjustedTotalFMVOfUnusedAstAmt>
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        <MinimumInvestmentReturnAmt>1975280</MinimumInvestmentReturnAmt>
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      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1975280</MinimumInvestmentReturnAmt>
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        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>1859060</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>1859060</DistributableAsAdjustedAmt>
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      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>1683239</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
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        <AdjustedQualifyingDistriAmt>1683239</AdjustedQualifyingDistriAmt>
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      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1859060</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
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        <ExcessDistributionCyovYr3Amt>83668</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>58781</ExcessDistributionCyovYr2Amt>
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        <AppliedToCurrentYearAmt>1683239</AppliedToCurrentYearAmt>
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        <ExcessDistriCyovAppCYCorpusAmt>142449</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>142449</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
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        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARMAND HAMMER MUSEUM OF ART AND CULTURAL CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>10899 WILSHIRE BLVD</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90024</ZIPCd>
          </RecipientUSAddress>
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          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CALIFORNIA RANGELAND TRUST</BusinessNameLine1Txt>
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            <AddressLine1Txt>1225 H STREET</AddressLine1Txt>
            <CityNm>SACRAMENTO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95814</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CITY YEAR INC - FBO LOS ANGELES</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>606 SOUTH OLIVE STREET 2ND FLOOR</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90014</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COMMUNITY PARTNERS FBO COLLEGE MATCH</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>1000 N ALAMEDA STREET SUITE 240</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90012</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOOVER INSTITUTION</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>434 GALVEZ MALL</AddressLine1Txt>
            <CityNm>STANFORD UNIVERSITY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94305</ZIPCd>
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          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
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        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HUMAN RIGHTS WATCH CALIFORNIA COMMITTEE SOUTH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>11500 W OLYMPIC BLVD SUITE 540</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90064</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LOS ANGELES MUSIC CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>135 NORTH GRAND AVENUE</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90012</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LOS ANGELES OPERA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>135 NORTH GRAND AVENUE</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90012</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
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        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LOS ANGELES PHILHARMONIC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1951</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90078</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>260000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LOS ANGELES WORLD AFFAIRS COUNCIL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3535 HAYDEN AVE STE 200</AddressLine1Txt>
            <CityNm>CULVER CITY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90232</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MIDLAND SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5100 FIGUEROA MOUNTAIN RD</AddressLine1Txt>
            <CityNm>LOS OLIVOS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93441</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NATURE CONSERVANCY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>UNION BANK PLAZA 445 S FIGUEROA ST</AddressLine1Txt>
            <AddressLine2Txt>1950</AddressLine2Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90071</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NEW VILLAGE CHARTER SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>147 N OCCIDENTAL BLVD</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90026</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PACIFIC LEGAL FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>930 G STREET</AddressLine1Txt>
            <CityNm>SACRAMENTO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95814</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PAINTED TURTLE CAMP</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1300 4TH STREET SUITE 300</AddressLine1Txt>
            <CityNm>SANTA MONICA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90401</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PERFORMING ARTS CENTER OF LA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>135 NORTH GRAND AVENUE</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90012</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PHILLIPS EXETER ACADEMY</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>20 MAIN STREET</AddressLine1Txt>
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            <StateAbbreviationCd>NH</StateAbbreviationCd>
            <ZIPCd>03833</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PLANNED PARENTHOOD LOS ANGELES</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>400 WEST 30TH STREET</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90007</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>RANCHO LOS ALAMITOS FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>6400 E BIXBY HILL ROAD</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90815</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>300000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>RANCHO LOS ALAMITOS FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>6400 E BIXBY HILL ROAD</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90815</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SANTA BARBARA BOTANIC GARDEN</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>1212 MISSION CANYON ROAD</AddressLine1Txt>
            <CityNm>SANTA BARBARA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93105</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SANTA BARBARA CENTER FOR PERFORMING ARTS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1330 STATE STREET STE 101</AddressLine1Txt>
            <CityNm>SANTA BARBARA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93101</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SANTA BARBARA HISTORICAL MUSEUM</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>136 E DE LA GUERRA ST</AddressLine1Txt>
            <CityNm>SANTA BARBARA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93101</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SANTA BARBARA MARITIME MUSEUM</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>113 HARBOR WAY STE 190</AddressLine1Txt>
            <CityNm>SANTA BARBARA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93109</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SANTA BARBARA SCHOLARSHIP FOUNDATION</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>2253 LAS POSITAS ROAD</AddressLine1Txt>
            <CityNm>SANTA BARBARA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93105</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SANTA BARBARA ZOO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>500 NINOS DR</AddressLine1Txt>
            <CityNm>SANTA BARBARA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93103</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SANTA YNEZ VALLEY HISTORICAL SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3596 SAGUNTO STREET</AddressLine1Txt>
            <CityNm>SANTA YNEZ</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93460</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>STONE SOUP CHILD CARE PROGRAMS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>15910 VENTURA BLVD 1420</AddressLine1Txt>
            <CityNm>ENCINO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91436</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
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        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEACH FOR AMERICA</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>606 SOUTH OLIVE STREET</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90014</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE SOLDIERS PROJECT</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>4605 LANKERSHIM BLVD SUITE 202</AddressLine1Txt>
            <CityNm>NORTH HOLLYWOOD</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91602</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
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        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WARFIGHTER MADE</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>42225 REMINGTON AVE UNIT A14</AddressLine1Txt>
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            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92590</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>45000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YOUTH POLICY INSTITUTE</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>6464 SUNSET BLVD STE 650</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90028</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTRIBUTE TO CHARITABLE PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
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        <TotalGrantOrContriPdDurYrAmt>1670000</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
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        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
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          <ExclusionAmt>869536</ExclusionAmt>
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        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>4983449</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>6016495</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
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      <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>
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        <NetInvestmentIncomeAmt>1010</NetInvestmentIncomeAmt>
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        <BondNm>CORPORATE BONDS</BondNm>
        <EOYBookValueAmt>6356116</EOYBookValueAmt>
        <EOYFMVAmt>6833068</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>CORPORATE STOCKS</StockNm>
        <EOYBookValueAmt>9234642</EOYBookValueAmt>
        <EOYFMVAmt>21295637</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MUTUAL FUNDS</StockNm>
        <EOYBookValueAmt>7499337</EOYBookValueAmt>
        <EOYFMVAmt>8891131</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EXCHANGED TRADED</StockNm>
        <EOYBookValueAmt>2000000</EOYBookValueAmt>
        <EOYFMVAmt>1751000</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc2210400001">
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      <USGovtObligationsEOYFMVAmt>263690</USGovtObligationsEOYFMVAmt>
      <StateLocalSecBookVlEOYAmt>0</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>0</StateLocalSecEOYFMVAmt>
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        <CategoryOrItemTxt>PROMISSORY NOTE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>720000</BookValueAmt>
        <EOYFMVAmt>720000</EOYFMVAmt>
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        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>10</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>CALIFORNIA ATTORNEY GENERAL - FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>150</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>150</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>OTHER</Desc>
        <RevenueAndExpensesPerBooksAmt>49</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>49</DisbursementsCharitablePrpsAmt>
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    </OtherExpensesSchedule>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>204490</Amt>
        <NetInvestmentIncomeAmt>204490</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>CONSULTING FEES</CategoryTxt>
        <Amt>10000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>10000</DisbursementsCharitablePrpsAmt>
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      <TaxesDetail>
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        <Amt>78000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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    </TaxesSchedule>
  </ReturnData>
</Return>