﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2024v5.2">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-09-25T15:54:25-05:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>331374517</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>PKF O'CONNOR DAVIES ADVISORY LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>245 PARK AVENUE 12TH FLOOR</AddressLine1Txt>
        <CityNm>NEW YORK</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10167</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>132616114</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>ELMER AND MAMDOUHA BOBST FOUNDATION</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>C/O PKF O'CONNOR DAVIES ADVISORY LLC</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>ELME</BusinessNameControlTxt>
      <PhoneNum>2122862600</PhoneNum>
      <USAddress>
        <AddressLine1Txt>500 MAMARONECK AVENUE 301</AddressLine1Txt>
        <CityNm>HARRISON</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10528</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>EDWARD F COX</PersonNm>
      <PersonTitleTxt>TREASURER</PersonTitleTxt>
      <PhoneNum>2122862600</PhoneNum>
      <SignatureDt>2025-09-25</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>1</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>THOMAS BLANEY</PreparerPersonNm>
      <PTIN>P00234022</PTIN>
      <PhoneNum>2122862600</PhoneNum>
      <PreparationDt>2025-09-23</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>24153944</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>908210</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>908210</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>50640</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>50640</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>5376</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>6748195</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>5376</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc2001500001">56491</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>56491</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>1020717</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>1020717</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002100001">51863</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>0</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>51863</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">19600</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>0</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>19600</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">95702</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>94502</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>1200</OtherProfFeesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">6597</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>0</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>6597</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>173762</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>94502</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>79260</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>180000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>180000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>353762</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>94502</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>259260</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>666955</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>926215</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>4644</CashBOYAmt>
        <CashEOYAmt>8088</CashEOYAmt>
        <CashEOYFMVAmt>8088</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>23652564</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>2448109</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>2448109</SavAndTempCashInvstEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>0</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="RetDoc2210400001">12046659</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>11949844</USGovtObligationsEOYFMVAmt>
        <CorporateBondsBOYAmt>0</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc2044400001">9821307</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>9747903</CorporateBondsEOYFMVAmt>
        <TotalAssetsBOYAmt>23657208</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>24324163</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>24153944</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>23657208</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>24324163</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>23657208</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>24324163</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>23657208</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>24324163</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>23657208</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>666955</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>24324163</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>24324163</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SALE OF PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>6748035</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6742819</CostOrOtherBasisAmt>
          <GainOrLossAmt>5216</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5216</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAINS DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>160</GrossSalesPriceAmt>
          <GainOrLossAmt>160</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>160</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>5376</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>12874</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>12874</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>12874</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>123496</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>123496</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>110622</OverpaymentAmt>
        <AppliedToESTaxAmt>110622</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>0</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>PKF O'CONNOR DAVIES ADVISORY LLC</IndividualWithBooksNm>
        <PhoneNum>2122862600</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>500 MAMARONECK AVENUE SUITE 301</AddressLine1Txt>
          <CityNm>HARRISON</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10528</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>1</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>0</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN H CARLEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O PKF OCONNOR DAVIES ADVISORY</AddressLine1Txt>
            <CityNm>MAMARONECK AVE HARRIS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10528</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT &amp; DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>EDWARD F COX</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O PKF OCONNOR DAVIES ADVISORY</AddressLine1Txt>
            <CityNm>MAMARONECK AVE HARRIS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10528</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER, SECRETARY &amp; DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PATRICIA NIXON COX</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O PKF OCONNOR DAVIES ADVISORY</AddressLine1Txt>
            <CityNm>MAMARONECK AVE HARRIS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10528</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHRISTOPHER COX</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O PKF OCONNOR DAVIES ADVISORY</AddressLine1Txt>
            <CityNm>MAMARONECK AVE HARRIS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10528</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BNY MELLON</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>200 PARK AVE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10166</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT ADVISORY SERVICES</ServiceTypeTxt>
          <CompensationAmt>94502</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>7160975</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>16888732</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>24049707</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>24049707</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>360746</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>23688961</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1184448</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1184448</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>12874</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>12874</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1171574</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>1171574</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>1171574</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>259260</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>259260</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1171574</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>4776197</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>4065737</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>4395258</ExcessDistributionCyovYr3Amt>
        <TotalExcessDistributionCyovAmt>13237192</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>259260</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>259260</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>912314</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>912314</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>12324878</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>3863883</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>8460995</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>4065737</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>4395258</ExcessFromYear3Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FRIENDS OF THE AMERICAN UNIVERSITY OF AFGHANISTAN</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>520 NORTH WASHINGTON STREET</AddressLine1Txt>
            <CityNm>ALEXANDRIA</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22314</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL OPERATING PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MANE STREAM INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>83 OLD TURNPIKE ROAD</AddressLine1Txt>
            <CityNm>OLDWICK</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08858</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL OPERATING PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NATIONAL PARKS OF NEW YORK HARBOR CONSERVANCY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>28 WALL STREET 3RD FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10005</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL OPERATING PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE RICHARD NIXON FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>18001 YORBA LINDA BLVD</AddressLine1Txt>
            <CityNm>YORBA LINDA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92886</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GRAND STRATEGY SUMMIT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE RICHARD NIXON FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>18001 YORBA LINDA BLVD</AddressLine1Txt>
            <CityNm>YORBA LINDA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92886</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESEARCH FOR AN EDUCATIONAL BOOK</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>180000</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>908210</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>50640</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>01</ExclusionCd>
          <ExclusionAmt>56423</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>5376</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>SECURITY LITIGATION PROCEEDS</Desc>
          <ExclusionCd>01</ExclusionCd>
          <ExclusionAmt>68</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>1020717</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1020717</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING AND TAX SERVICES</CategoryTxt>
        <Amt>19600</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>19600</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorporateBondsGrp>
        <BondNm>A T &amp; T INC DTD 11/23/2018 4.1% 2/15/2028</BondNm>
        <EOYBookValueAmt>172409</EOYBookValueAmt>
        <EOYFMVAmt>171204</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ANHEUSER-BUSCH INBEV WOR DTD 1/23/2019 4.75% 1/23/2029</BondNm>
        <EOYBookValueAmt>261054</EOYBookValueAmt>
        <EOYFMVAmt>259896</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>B P CAP MARKETS AMERICA DTD 11/6/2018 4.234% 11/6/2028</BondNm>
        <EOYBookValueAmt>256269</EOYBookValueAmt>
        <EOYFMVAmt>254548</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BANCO SANTANDER DTD 11/7/2023 FLTG RATE 11/7/2027</BondNm>
        <EOYBookValueAmt>257716</EOYBookValueAmt>
        <EOYFMVAmt>257185</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BANK OF AMERICA CORP DTD 4/27/2022 FLTG RATE 4/27/2028</BondNm>
        <EOYBookValueAmt>258049</EOYBookValueAmt>
        <EOYFMVAmt>257239</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BANK OF MONTREAL DTD 6/4/2024 5.511% 6/4/2031</BondNm>
        <EOYBookValueAmt>258255</EOYBookValueAmt>
        <EOYFMVAmt>253962</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BARCLAYS PLC DTD 3/12/2024 5.674% 3/12/2028</BondNm>
        <EOYBookValueAmt>177137</EOYBookValueAmt>
        <EOYFMVAmt>177182</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BRISTOL-MYERS SQUIBB CO DTD 2/22/2024 5.1% 2/22/2031</BondNm>
        <EOYBookValueAmt>259514</EOYBookValueAmt>
        <EOYFMVAmt>251610</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CANADIAN IMPERIAL BANK DTD 4/7/2022 3.45% 4/7/2027</BondNm>
        <EOYBookValueAmt>243258</EOYBookValueAmt>
        <EOYFMVAmt>243115</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CATERPILLAR FINL SERVICE DTD 11/15/2024 4.6% 11/15/2027</BondNm>
        <EOYBookValueAmt>250563</EOYBookValueAmt>
        <EOYFMVAmt>250135</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CISCO SYSTEMS INC DTD 2/26/2024 5.05% 2/26/2034</BondNm>
        <EOYBookValueAmt>254609</EOYBookValueAmt>
        <EOYFMVAmt>249097</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CITIGROUP INC DTD 3/20/2019 FLTG RATE 3/20/2030</BondNm>
        <EOYBookValueAmt>168056</EOYBookValueAmt>
        <EOYFMVAmt>167079</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>COMCAST CORP DTD 8/7/2017 3.15% 2/15/2028</BondNm>
        <EOYBookValueAmt>248562</EOYBookValueAmt>
        <EOYFMVAmt>247712</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>COOPERATIEVE RABOBANK DTD 7/21/2016 3.75% 7/21/2026</BondNm>
        <EOYBookValueAmt>171831</EOYBookValueAmt>
        <EOYFMVAmt>171475</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CREDIT SUISSE NEW YORK DTD 8/23/2022 5% 7/9/2027</BondNm>
        <EOYBookValueAmt>250751</EOYBookValueAmt>
        <EOYFMVAmt>251465</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>DEUTSCHE BANK NY DTD 5/10/2024 5.414% 5/10/2029</BondNm>
        <EOYBookValueAmt>265127</EOYBookValueAmt>
        <EOYFMVAmt>263864</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GLAXOSMITHKLINE CAP INC DTD 5/15/2018 3.875% 5/15/2028</BondNm>
        <EOYBookValueAmt>245018</EOYBookValueAmt>
        <EOYFMVAmt>243842</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GOLDMAN SACHS GROUP INC DTD 4/23/2018 FLTG RATE 5/1/2029</BondNm>
        <EOYBookValueAmt>171010</EOYBookValueAmt>
        <EOYFMVAmt>170277</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HOME DEPOT INC DTD 3/30/2020 2.7% 4/15/2030</BondNm>
        <EOYBookValueAmt>236078</EOYBookValueAmt>
        <EOYFMVAmt>234096</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HSBC HOLDINGS PLC DTD 8/14/2023 FLTG RATE 8/14/2027</BondNm>
        <EOYBookValueAmt>253489</EOYBookValueAmt>
        <EOYFMVAmt>253660</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>INTEL CORP DTD 2/10/2023 5.2% 2/10/2033</BondNm>
        <EOYBookValueAmt>175871</EOYBookValueAmt>
        <EOYFMVAmt>169195</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>JOHN DEERE CAPITAL CORP DTD 1/9/2023 4.75% 1/20/2028</BondNm>
        <EOYBookValueAmt>251832</EOYBookValueAmt>
        <EOYFMVAmt>251280</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>JPMORGAN CHASE &amp; CO DTD 7/25/2022 FLTG RATE 7/25/2033</BondNm>
        <EOYBookValueAmt>247967</EOYBookValueAmt>
        <EOYFMVAmt>244430</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>K L A CORP DTD 6/23/2022 4.65% 7/15/2032</BondNm>
        <EOYBookValueAmt>247921</EOYBookValueAmt>
        <EOYFMVAmt>244617</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LAM RESEARCH CORP DTD 3/4/2019 4% 3/15/2029</BondNm>
        <EOYBookValueAmt>244893</EOYBookValueAmt>
        <EOYFMVAmt>243067</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LLOYDS BANKING GROUP PLC DTD 1/5/2024 FLTG RATE 1/5/2035</BondNm>
        <EOYBookValueAmt>181916</EOYBookValueAmt>
        <EOYFMVAmt>174274</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>META PLATFORMS INC DTD 8/9/2022 3.5% 8/15/2027</BondNm>
        <EOYBookValueAmt>243727</EOYBookValueAmt>
        <EOYFMVAmt>244395</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MITSUBISHI UFJ FIN GRP DTD 4/17/2024 FLTG RATE 4/17/2030</BondNm>
        <EOYBookValueAmt>253733</EOYBookValueAmt>
        <EOYFMVAmt>252142</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MORGAN STANLEY DTD 1/19/2023 FLTG RATE 2/1/2029</BondNm>
        <EOYBookValueAmt>251593</EOYBookValueAmt>
        <EOYFMVAmt>250687</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NORTHERN TRUST CORP DTD 11/2/2022 6.125% 11/2/2032</BondNm>
        <EOYBookValueAmt>269745</EOYBookValueAmt>
        <EOYFMVAmt>263733</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PFIZER INVESTMENT ENTER DTD 5/19/2023 4.75% 5/19/2033</BondNm>
        <EOYBookValueAmt>257531</EOYBookValueAmt>
        <EOYFMVAmt>252637</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PNC FINANCIAL SERVICES DTD 4/22/2019 3.45% 4/23/2029</BondNm>
        <EOYBookValueAmt>246330</EOYBookValueAmt>
        <EOYFMVAmt>246033</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ROYAL BANK OF CANADADTD 1/27/2016 4.65% 1/27/2026</BondNm>
        <EOYBookValueAmt>249161</EOYBookValueAmt>
        <EOYFMVAmt>249680</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ROYAL BANK OF SCOTLAND GROUP PLC DTD 9/27/2018 5.076% 1/27/2030</BondNm>
        <EOYBookValueAmt>175487</EOYBookValueAmt>
        <EOYFMVAmt>173194</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SHELL FINANCE US INC DTD 10/6/2024 2.75% 4/6/2030</BondNm>
        <EOYBookValueAmt>236488</EOYBookValueAmt>
        <EOYFMVAmt>234335</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>STATE STREET CORP DTD 5/18/2023 FLTG RATE 5/18/2026</BondNm>
        <EOYBookValueAmt>145003</EOYBookValueAmt>
        <EOYFMVAmt>145223</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SUMITOMO MITSUI FINL GROUP I 2.6320%DTD 7/14/2016 2.632% 7/14/2026</BondNm>
        <EOYBookValueAmt>251174</EOYBookValueAmt>
        <EOYFMVAmt>251943</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TARGET CORP DTD 9/13/2022 4.5% 9/15/2032</BondNm>
        <EOYBookValueAmt>245420</EOYBookValueAmt>
        <EOYFMVAmt>241658</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TORONTO-DOMINION BANK DTD 7/17/2023 5.532% 7/17/2026MOODY'S: A2 S&amp;P: A-</BondNm>
        <EOYBookValueAmt>252504</EOYBookValueAmt>
        <EOYFMVAmt>252905</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TRUIST FINANCIAL CORP DTD 6/8/2023 6.047% 6/8/2027</BondNm>
        <EOYBookValueAmt>178323</EOYBookValueAmt>
        <EOYFMVAmt>177879</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>U S BANCORPDTD 4/26/2016 3.1% 4/27/2026</BondNm>
        <EOYBookValueAmt>244277</EOYBookValueAmt>
        <EOYFMVAmt>244640</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>UNITEDHEALTH GROUP INCDTD 5/19/2021 1.15% 5/15/2026</BondNm>
        <EOYBookValueAmt>142902</EOYBookValueAmt>
        <EOYFMVAmt>143346</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VERIZON COMMUNICATIONS DTD 9/10/2019 4.016% 12/3/2029</BondNm>
        <EOYBookValueAmt>168754</EOYBookValueAmt>
        <EOYFMVAmt>167967</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc2210400001">
      <USGovtObligationsBookVlEOYAmt>12046659</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>11949844</USGovtObligationsEOYFMVAmt>
      <StateLocalSecBookVlEOYAmt>0</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>0</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>GENERAL LEGAL COUNSEL</CategoryTxt>
        <LegalFeesAmt>51863</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>51863</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>5806</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5806</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>750</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PROGRAMMATIC EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>41</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>41</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>OTHER INVESTMENT INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>56423</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>56423</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>56423</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>SECURITY LITIGATION PROCEEDS</Desc>
        <RevenueAndExpensesPerBooksAmt>68</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>68</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>68</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISORY FEES</CategoryTxt>
        <Amt>94502</Amt>
        <NetInvestmentIncomeAmt>94502</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ADMINISTRATIVE SERVICES</CategoryTxt>
        <Amt>1200</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1200</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>