﻿<?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="2019v5.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2020-07-15T13:43:27-05:00</ReturnTs>
    <TaxPeriodEndDt>2019-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>420714325</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>RSM US LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>201 FIRST STREET SE STE 800</AddressLine1Txt>
        <CityNm>CEDAR RAPIDS</CityNm>
        <StateAbbreviationCd>IA</StateAbbreviationCd>
        <ZIPCd>52401</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2019-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>426540579</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>WALLACE RESEARCH FOUNDATION</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>C/O RSM US LLP ATTN CARLEY LANE</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>WALL</BusinessNameControlTxt>
      <PhoneNum>3192985333</PhoneNum>
      <USAddress>
        <AddressLine1Txt>201 FIRST ST SE NO 800</AddressLine1Txt>
        <CityNm>CEDAR RAPIDS</CityNm>
        <StateAbbreviationCd>IA</StateAbbreviationCd>
        <ZIPCd>52401</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>HENRY D WALLACE</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>3192985333</PhoneNum>
      <SignatureDt>2020-07-13</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>CARLEY LANE</PreparerPersonNm>
      <PTIN>P00982177</PTIN>
      <PhoneNum>3192985333</PhoneNum>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>66.98.98.134</IPv4AddressTxt>
      </IPAddress>
      <IPDt>2020-07-13</IPDt>
      <IPTm>17:42:42</IPTm>
      <IPTimezoneCd>CD</IPTimezoneCd>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>DA39A3EE5E6B4B0D3255BFEF95601890AFD80709</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>A57D8E88FA5E22D61C76A627600F0C8E385C8FF1</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2019</TaxYr>
    <BuildTS>2021-04-22 16:20:28Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>91429123</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>2084151</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>2084151</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>2524841</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>16554909</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>2524841</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>4608992</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>4608992</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002100001">70</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>70</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>0</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">52840</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>19993</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>32848</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">417734</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>417734</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>0</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">13785</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>13785</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">1462</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>426</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>1002</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>485891</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>452008</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>33850</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>4154107</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>4154107</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>4639998</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>452008</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>4187957</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-31006</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>4156984</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>7345245</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>3771842</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>3771842</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>33873241</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">35114452</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>56247297</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>3862449</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc2044400001">6132601</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>6277026</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>24698106</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc2018100001">24714311</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>25104216</OtherInvestmentsEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc2046600001">13913</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc2046600001">28742</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc2046600001">28742</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>69792954</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>69761948</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>91429123</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>0</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>0</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>69792954</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>69761948</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>69792954</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>69761948</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>69792954</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>69761948</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>69792954</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-31006</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>69761948</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>69761948</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>13936847</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11633849</CostOrOtherBasisAmt>
          <GainOrLossAmt>2302998</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2302998</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>2274460</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2396219</CostOrOtherBasisAmt>
          <GainOrLossAmt>-121759</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-121759</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAINS DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>343602</GrossSalesPriceAmt>
          <GainOrLossAmt>343602</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>343602</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>2524841</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>3992934</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>86766667</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.046019</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>3955255</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>84086779</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.047038</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>4056637</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>77301079</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.052478</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>3929636</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>81834914</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.048019</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>3296223</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>81700907</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.040345</DistributionYr5Rt>
        <TotalDistributionRt>0.233899</TotalDistributionRt>
        <AverageDistributionRt>0.046780</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>86325389</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>4038302</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>41570</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>4079872</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>4187957</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>41570</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>41570</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>41570</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>46890</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>46890</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>5320</OverpaymentAmt>
        <AppliedToESTaxAmt>5320</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>IA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>CARLEY LANE</IndividualWithBooksNm>
        <PhoneNum>3192985333</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>201 FIRST STREET SE STE 800</AddressLine1Txt>
          <CityNm>CEDAR RAPIDS</CityNm>
          <StateAbbreviationCd>IA</StateAbbreviationCd>
          <ZIPCd>52401</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>1</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>0</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>HENRY D WALLACE</PersonNm>
          <USAddress>
            <AddressLine1Txt>201 FIRST ST SE STE 800</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52401</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT &amp; SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LINDA WALLACE-GRAY</PersonNm>
          <USAddress>
            <AddressLine1Txt>201 FIRST ST SE STE 800</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52401</ZIPCd>
          </USAddress>
          <TitleTxt>VP &amp; TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>20.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>1002</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARSHALL GILCHRIST</PersonNm>
          <USAddress>
            <AddressLine1Txt>201 FIRST ST SE STE 800</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52401</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ALEX GILCHRIST</PersonNm>
          <USAddress>
            <AddressLine1Txt>201 FIRST ST SE STE 800</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52401</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>MORGAN STANLEY SMITH BARNEY</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>370 17TH STREET STE 2800</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT CONSULT'G</ServiceTypeTxt>
          <CompensationAmt>216813</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>EAGLE CAPITAL MANAGEMENT</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>499 PARK AVENUE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10022</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MGMT</ServiceTypeTxt>
          <CompensationAmt>178145</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>RSM US LLP</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>201 FIRST ST SE</AddressLine1Txt>
            <CityNm>CEDAR RAPIDS</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>52401</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>GRANT ADMIN/ACCT'G</ServiceTypeTxt>
          <CompensationAmt>52840</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>81490431</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>6149558</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>87639989</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>87639989</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1314600</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>86325389</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>4316269</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>4316269</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>41570</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>41570</TotalTaxAmt>
        <DistributableBeforeAdjAmt>4274699</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>4274699</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>4274699</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>4187957</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>4187957</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>41570</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>4146387</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>4274699</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>4173586</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>4187957</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>4173586</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>14371</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>4260328</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DRAPER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>LOCKBOX 3484</AddressLine1Txt>
            <CityNm>BOSTON</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02241</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FUND THE CONTINUED INVESTIGATION OF CORE CONCEPTS FOR MICROPLASTICS DETECTION AND ACCOMPANYING ANALYSIS OF THE POTENTIAL APPLICATIONS AND LIMITATIONS.</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOLY CROSS MONASTERY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 99</AddressLine1Txt>
            <CityNm>WEST PARK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12493</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>INCREASE ENDOWMENT FUNDS TO ENABLE CAPACITY FOR CURRENT MINISTRY AND EXPANSION OF MINISTRY.</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>URBANPROMISE INTERNATIONAL INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 156</AddressLine1Txt>
            <CityNm>PENNSAUKEN</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08110</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FUND AND EXPAND EXPERIENTIAL LEARNING PROGRAMS FOR INNER CITY YOUTH AND ASSIST IN INITIATING NEW URBANPROMISE SITES IN NEW CITIES.</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CENTER FOR CLIMATE PROTECTION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 3785</AddressLine1Txt>
            <CityNm>SANTA ROSA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95402</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CREATE A POWERFUL, EXPONENTIALLY GROWING FELLOWSHIP OF COMMITTED CLIMATE ACTIVISTS, AND MARRY THEM WITH POWERFUL SOLUTIONS TO PRODUCE SIGNIFICANT GREENHOUSE GAS EMISSION REDUCTIONS COMMENSURATE WITH THE SPEED AND SCALE OF THE CRISIS.</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HIAS PENNSYLVANIA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2100 ARCH ST</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19103</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>BEGIN A TWO YEAR PROCESS TO FULLY DIGITALIZE PAST CLIENT RECORDS AND GO PAPERLESS MOVING FORWARD PER YOUR APPLICATION.</GrantOrContributionPurposeTxt>
          <Amt>62000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TOHONO CHUL PARK</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>7366 N PASEO DEL NORTE</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85704</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT TOHONO CHULS GARDENS, FACILITIES, AND CONSERVATION EDUCATION PROGRAMS AND THE PERMANENT ENDOWMENT.</GrantOrContributionPurposeTxt>
          <Amt>255000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARIZONA GREYHOUND AND ANIMAL RESCUE FUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>8987 E TANQUE VERDE RD PMB 309-153</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85749</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSIST WITH COSTS ASSOCIATED WITH THE PURCHASE OF LAND AND CONSTRUCTION OF SOL DOG LODGE AND TRAINING CENTER.</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARCHAEOLOGY SOUTHWEST</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4550 CAMINITO CALLADO</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85718</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTE TO BUILDING THE CORE ENDOWMENT FUND TO STIMULATE AND ACCELERATE INSTITUTIONAL TRANSFORMATION.</GrantOrContributionPurposeTxt>
          <Amt>450000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DESERT LEGUME PROGRAM - UNIVERSITY OF ARIZONA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1140 E SOUTH CAMPUS DR FORBES RM</AddressLine1Txt>
            <AddressLine2Txt>303</AddressLine2Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85721</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT THE DESERT LEGUME PROGRAMS PUBLICATION OF THE BOOK LEGUMES OF ARIZONA AN ILLUSTRATED FLORA AND REFERENCE</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WILD SALMON CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>721 NW 9TH AVENUE SUITE 300</AddressLine1Txt>
            <CityNm>PORTLAND</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
            <ZIPCd>97209</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT THE COLD WATER CONNECTION CAMPAIGN TO ENGINEER AND CORRECT 100 PRIORITY FISH PASSAGE BARRIERS IN AN EFFORT TO RECONNECT 150 RIVER MILES.</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NORTHERN JAGUAR PROJECT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2114 W GRANT RD STE 121</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85745</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT FOCAL SPECIES MONITORING ON THE NORTHERN JAGUAR RESERVE IN SONORA, MEXICO, AND OUTREACH TO RANCHERS IN THE SURROUNDING BUFFER ZONE THROUGH THE VIVIENDO CON FELINOS PROJECT.</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARCHAEOLOGY SOUTHWEST</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4550 CAMINITO CALLADO</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85718</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>THE IMPLEMENTATION OF THE FLUID IDENTITIES INITIATIVE AND THE TASKS ASSOCIATED WITH IT.</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YALE UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1873</AddressLine1Txt>
            <CityNm>NEW HAVEN</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06508</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO CONTINUE TO FUND A RESEARCH PROGRAM STARTED IN 2016 TO ADVANCE THE PRACTICE OF ACADEMIC INTEGRATIVE MEDICINE.</GrantOrContributionPurposeTxt>
          <Amt>99797</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FRIENDS OF SOUTH GEORGIA ISLAND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>25 DAKOTA MEADOWS DRIVE</AddressLine1Txt>
            <CityNm>CARBONDALE</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>81623</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT BIOSECURITY MEASURES FOR THE RODENT DETECTION PROGRAM TO PREVENT INVASIVE RODENTS FROM RETURNING TO THE ISLAND.</GrantOrContributionPurposeTxt>
          <Amt>65000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TUCSON BOTANICAL GARDENS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2150 N ALVERNON WAY</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85712</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EVALUATION AND PRESERVATION OF YOUR TREE COLLECTION, CARING FOR AND INTERPRETING PLANTS, AND CREATING SEASONAL DISPLAYS AND RESTORATION OF THE SENSORY GARDEN RAMADA.</GrantOrContributionPurposeTxt>
          <Amt>45000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE NATURE CONSERVANCY - ARIZONA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1510 E FORT LOWELL RD</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85719</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FUND CAPITAL EXPENSES, FIELD SUPPLIES, AND IMPROVEMENTS AND EXPENSES FOR THE ARIZONA CHAPTER (SAN PEDRO RIVER, TUCSON CONS. CENTER, PATAGONIA-SONOITA CREEK PRESERVE, MULESHOE CMA, AND HART PRAIRIE).</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WILDLIFE ALLIANCE INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1441 BROADWAY FIFTH FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10018</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMBAT AGAINST THE ILLEGAL WILDLIFE TRADE IN CAMBODIA AND ENSURING CARE AND RELEASE FOR RESCUED ANIMALS.</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HAWK MOUNTAIN SANCTUARY ASSOCIATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1700 HAWK MOUNTAIN ROAD</AddressLine1Txt>
            <CityNm>KEMPTON</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19529</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO STUDY THE MOVEMENT ECOLOGY OF VULTURES IN ARIZONA.</GrantOrContributionPurposeTxt>
          <Amt>39000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COMMUNITY FOOD BANK INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3003 S COUNTRY CLUB RD</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85713</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT PHASE II OF THE CARIDAD COMMUNITY KITCHEN SOLAR SYSTEM INSTALLATION PROJECT.</GrantOrContributionPurposeTxt>
          <Amt>56000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE NATURE CONSERVANCY - ALASKA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>715 L STREET SUITE 100</AddressLine1Txt>
            <CityNm>ANCHORAGE</CityNm>
            <StateAbbreviationCd>AK</StateAbbreviationCd>
            <ZIPCd>99501</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMPLETE THE DEER HABITAT RESTORATION AND EMERGENCY RECOVERY AND PREPAREDNESS PROJECTS.</GrantOrContributionPurposeTxt>
          <Amt>38400</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WILDCOAST</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>925 SEACOAST DR</AddressLine1Txt>
            <CityNm>IMPERIAL BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91932</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT CONSERVATION OF CORAL REEFS AND MANGROVE FORESTS ON MEXICOS PACIFIC COASTLINE.</GrantOrContributionPurposeTxt>
          <Amt>120000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SAN DIEGO ZOO GLOBAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 120551</AddressLine1Txt>
            <CityNm>SAN DIEGO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92112</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT THE REINTRODUCTION OF THE CRITICALLY ENDANGERED HAWAIIAN CROW BACK INTO THE WILD.</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE NATURE CONSERVANCY - TENNESSEE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>210 25TH AVENUE NORTH STE 810</AddressLine1Txt>
            <CityNm>NASHVILLE</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37203</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO SUPPORT CAVE AND BAT CONSERVATION, PROTECTION, AND RESEARCH.</GrantOrContributionPurposeTxt>
          <Amt>70000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ANIMAL FRIENDS OF THE VALLEYS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>33751 MISSION TRAIL RD</AddressLine1Txt>
            <CityNm>WILDOMAR</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92595</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>VETERINARY OUTREACH PROGRAMS IN AND AROUND THE WILDOMAR, CALIFORNIA AREA, BELIZE, AND IN COSTA RICA.</GrantOrContributionPurposeTxt>
          <Amt>155000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CONQUER CHIARI</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>320 OSPREY CT</AddressLine1Txt>
            <CityNm>WEXFORD</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>15090</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT THE RESEARCH PROJECT, CAN INDIVIDUAL CRANIAL AND BRAIN MORPHOLOGY PREDICT SURGICAL OUTCOME?.</GrantOrContributionPurposeTxt>
          <Amt>46050</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BROOKFIELD CRAFT CENTER INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 122</AddressLine1Txt>
            <CityNm>BROOKFIELD</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RETENTION OF AN ARTIST IN RESIDENCE/EDUCATION DIRECTOR POSITION TO HELP DEVELOP AND EXPAND THE COURSE CURRICULUM AND TO SUPPORT INFRASTRUCTURE IMPROVEMENTS TO HISTORIC BUILDINGS AND EQUIPMENT.</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SARSEF</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4574 E BROADWAY BLVD</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85711</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>DEVELOP CRITICAL THINKING SKILLS IN STUDENTS IN ARIZONA SCHOOLS THROUGH HANDS-ON RESEARCH IN UA LABS AND IN THE FIELD.</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COMMUNITY FOOD BANK INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3003 S COUNTRY CLUB RD</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85713</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT PHASE I OF THE MAIN WAREHOUSE SOLAR SYSTEM INSTALLATION PROJECT.</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE UNIVERSITY OF ARIZONA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1303 E UNIVERSITY BLVD BOX 3</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85719</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FUNDING RESEARCH ON THE LONG-TERM EFFECTS OF URBAN DEVELOPMENT ON REPTILES.</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MASSACHUSETTS AUDUBON SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>208 SOUTH GREAT ROAD</AddressLine1Txt>
            <CityNm>LINCOLN</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>01773</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAMME FOR BELIZE TO ENHANCE ACCESS TO HILL BANK RESTAURANT, INCREASE ROOM CAPACITY, AND IMPROVE RADIO COMMUNICATION; AND TO EXPAND MONITORING AND PROTECTION OF THE PINE SAVANNAS AND THE YELLOW-HEADED PARROT AND TO TOLEDO INSTITUTE FOR DEVELOPMENT AND ENVIRONMENT TO PROVIDE THE SKILLS AND EQUIPMENT TO IMPLEMENT THE BIRD BANNING PROGRAM AND PROTECT THE NATURAL RESOURCES IN THE PCNP.</GrantOrContributionPurposeTxt>
          <Amt>109000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DANCING CLASSROOMS INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1350 AVENUE OF THE AMERICAS 2ND</AddressLine1Txt>
            <AddressLine2Txt>FLOOR</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UPGRADE TECHNOLOGY, SUPPORT PROGRAM PERSONNEL, AND BOOST PROFESSIONAL DEVELOPMENT AND EDUCATIONAL OUTREACH.</GrantOrContributionPurposeTxt>
          <Amt>110000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>POUGHKEPSIE FARM PROJECT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 3143</AddressLine1Txt>
            <CityNm>POUGHKEEPSIE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12603</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONSTRUCT A NEW WASH AND PACK FACILITY.</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ISLAND CONSERVATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2100 DELAWARE AVENUE SUITE 1</AddressLine1Txt>
            <CityNm>SANTA CRUZ</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95060</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>MIDWAY ATOLL NATIONAL WILDLIFE REFUGE TO REMOVE INVASIVE MICE AND PROTECT THE ALBATROSS SPECIES.</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>JOHN BARTRAM ASSOCIATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5400 LINDBERGH BOULEVARD</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19143</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>STEM DISCOVERY PROGRAMS AT BARTRAMS GARDEN.</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YALE UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1873</AddressLine1Txt>
            <CityNm>NEW HAVEN</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06508</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FUND TWO INVESTIGATIONS CENTERED ON THE CLINICAL AND BIOCHEMICAL EFFECTS OF REPEATED DOSING OF PSILOCYBIN IN MIGRAINE HEADACHES AND THE CLINICAL AND NEUROPLASTIC EFFECTS OF DMT IN MAJOR DEPRESSION.</GrantOrContributionPurposeTxt>
          <Amt>227860</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARIZONA GREYHOUND FOUNDATION INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>8987 E TANQUE VERDE RD PMB 309-153</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85749</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSIST WITH COSTS ASSOCIATED WITH THE CONSTRUCTION OF SOL DOG LODGE AND TRAINING CENTER.</GrantOrContributionPurposeTxt>
          <Amt>42000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BLEEDING AND CLOTTING DISORDERS INSTITUTE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>9128 N LINDBERGH DR</AddressLine1Txt>
            <CityNm>PEORIA</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>61615</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HELP UNDERSTAND ETIOLOGY OF BLEEDING DISORDERS.</GrantOrContributionPurposeTxt>
          <Amt>135000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>EMERGE CENTER AGAINST DOMESTIC ABUSE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2545 EAST ADAMS STREET</AddressLine1Txt>
            <CityNm>TUCSON</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85716</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT THE PREPARATIONS OF A NEW BUILDING EMERGE WILL ACQUIRE IN TUCSON NEXT YEAR THAT WILL HOUSE YOUR MENS EDUCATION PROGRAM (MEP) AND PROVIDE A SPACE FOR COMMUNITY ENGAGEMENT.</GrantOrContributionPurposeTxt>
          <Amt>64000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>4154107</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2084151</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>2524841</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>4608992</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>4608992</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 FEES</CategoryTxt>
        <Amt>52840</Amt>
        <NetInvestmentIncomeAmt>19993</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>32848</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorporateBondsGrp>
        <BondNm>AMGEN INC</BondNm>
        <EOYBookValueAmt>252139</EOYBookValueAmt>
        <EOYFMVAmt>255021</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>JP MORGAN CHASE &amp; CO</BondNm>
        <EOYBookValueAmt>256585</EOYBookValueAmt>
        <EOYFMVAmt>260376</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GENERAL MILLS INC</BondNm>
        <EOYBookValueAmt>252865</EOYBookValueAmt>
        <EOYFMVAmt>255957</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CVS HEALTH CORP</BondNm>
        <EOYBookValueAmt>255146</EOYBookValueAmt>
        <EOYFMVAmt>262021</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HARLEY-DAVIDSON INC</BondNm>
        <EOYBookValueAmt>254329</EOYBookValueAmt>
        <EOYFMVAmt>263954</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GMAC CAP TRUST I 8.125% TO 2/1/16 FLOATS AFTER</BondNm>
        <EOYBookValueAmt>147883</EOYBookValueAmt>
        <EOYFMVAmt>151872</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CITIGROUP CAPT XIII 7.875% FIX ED 10/30/15 FLOATS AFTER</BondNm>
        <EOYBookValueAmt>39418</EOYBookValueAmt>
        <EOYFMVAmt>42312</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HARTFORD FINL SVC GRP 7.875% TO 4/15/22 FLOATS AFTER</BondNm>
        <EOYBookValueAmt>11439</EOYBookValueAmt>
        <EOYFMVAmt>10987</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>REINSURANCE GROUP AMERICA INC</BondNm>
        <EOYBookValueAmt>54004</EOYBookValueAmt>
        <EOYFMVAmt>53685</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>QWEST CORP 6.875%</BondNm>
        <EOYBookValueAmt>70237</EOYBookValueAmt>
        <EOYFMVAmt>70014</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>QWEST CORP 6.625%</BondNm>
        <EOYBookValueAmt>23503</EOYBookValueAmt>
        <EOYFMVAmt>24339</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AMERICAN FINANCIAL GROUP</BondNm>
        <EOYBookValueAmt>10524</EOYBookValueAmt>
        <EOYFMVAmt>10902</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TELEPHONE &amp; DATA SYSTEMS</BondNm>
        <EOYBookValueAmt>62740</EOYBookValueAmt>
        <EOYFMVAmt>64157</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>UNITED STATE CELLULAR CORP 7.25%</BondNm>
        <EOYBookValueAmt>9495</EOYBookValueAmt>
        <EOYFMVAmt>9476</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>UNITED STATES CELLULAR CORP 7.25%</BondNm>
        <EOYBookValueAmt>20142</EOYBookValueAmt>
        <EOYFMVAmt>20978</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ASSURED GUARNITY MUNI HLDGS INC NT MTY</BondNm>
        <EOYBookValueAmt>31585</EOYBookValueAmt>
        <EOYFMVAmt>33322</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ANHEUSER-BUSCH INBEV FIN</BondNm>
        <EOYBookValueAmt>227551</EOYBookValueAmt>
        <EOYFMVAmt>235155</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BANK OF AMERICA CORP</BondNm>
        <EOYBookValueAmt>232855</EOYBookValueAmt>
        <EOYFMVAmt>245961</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PACKAGING CORP OF AMERICA</BondNm>
        <EOYBookValueAmt>228372</EOYBookValueAmt>
        <EOYFMVAmt>238981</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ALLSTATE CORP 5.1 FIXED TO 01/23 THEN FLOATS</BondNm>
        <EOYBookValueAmt>60451</EOYBookValueAmt>
        <EOYFMVAmt>61748</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EBAY INC 6</BondNm>
        <EOYBookValueAmt>30898</EOYBookValueAmt>
        <EOYFMVAmt>32343</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BERKLEY CORP</BondNm>
        <EOYBookValueAmt>20574</EOYBookValueAmt>
        <EOYFMVAmt>21788</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WR BERKLEY CORP</BondNm>
        <EOYBookValueAmt>9668</EOYBookValueAmt>
        <EOYFMVAmt>10113</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>REINSURANCE GRP OF AMERICA</BondNm>
        <EOYBookValueAmt>74571</EOYBookValueAmt>
        <EOYFMVAmt>79890</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WESTERN ALLIANCE BANCORPORATION 6.25</BondNm>
        <EOYBookValueAmt>20506</EOYBookValueAmt>
        <EOYFMVAmt>21537</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>QWEST CORP 6.5</BondNm>
        <EOYBookValueAmt>74043</EOYBookValueAmt>
        <EOYFMVAmt>77281</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NUSTAR LOGISTICS LP 7.625%</BondNm>
        <EOYBookValueAmt>21261</EOYBookValueAmt>
        <EOYFMVAmt>21269</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GLOBAL INDEMNITY LIMITED 7.875%</BondNm>
        <EOYBookValueAmt>30076</EOYBookValueAmt>
        <EOYFMVAmt>32371</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>STIFEL FINANCIAL CORP 5.2%</BondNm>
        <EOYBookValueAmt>10453</EOYBookValueAmt>
        <EOYFMVAmt>10684</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AT&amp;T INC 5.35%</BondNm>
        <EOYBookValueAmt>31790</EOYBookValueAmt>
        <EOYFMVAmt>35911</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ENBRIDGE INC 6.375%</BondNm>
        <EOYBookValueAmt>62504</EOYBookValueAmt>
        <EOYFMVAmt>68288</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>DUKE ENERGY CORP 5.625%</BondNm>
        <EOYBookValueAmt>10569</EOYBookValueAmt>
        <EOYFMVAmt>11442</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CMS ENERGY CORP 5.875%</BondNm>
        <EOYBookValueAmt>21439</EOYBookValueAmt>
        <EOYFMVAmt>23186</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ALGONQUIN POWER &amp; UTILITIES CORP 6.875%</BondNm>
        <EOYBookValueAmt>10336</EOYBookValueAmt>
        <EOYFMVAmt>11558</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PRUDENTIAL FINANCIAL INC 5.625%</BondNm>
        <EOYBookValueAmt>10429</EOYBookValueAmt>
        <EOYFMVAmt>11453</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AEGON FUNDING CORP LLC 5.10%</BondNm>
        <EOYBookValueAmt>35062</EOYBookValueAmt>
        <EOYFMVAmt>36071</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GLOBAL LIFE INC 6.125</BondNm>
        <EOYBookValueAmt>21817</EOYBookValueAmt>
        <EOYFMVAmt>22871</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AMERICAN FINANCIAL GROUP 5.8750</BondNm>
        <EOYBookValueAmt>10809</EOYBookValueAmt>
        <EOYFMVAmt>11818</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NATIONAL RURAL UTIL COOP</BondNm>
        <EOYBookValueAmt>11448</EOYBookValueAmt>
        <EOYFMVAmt>12535</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NEXTERA ENERGY CAPITAL HOLDINGS INC.</BondNm>
        <EOYBookValueAmt>20876</EOYBookValueAmt>
        <EOYFMVAmt>22767</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ALGONQUIN POWER &amp; UTILITIES CORP 6.875%</BondNm>
        <EOYBookValueAmt>44855</EOYBookValueAmt>
        <EOYFMVAmt>49519</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SOUTH JERSEY INDUSTRIES INC.</BondNm>
        <EOYBookValueAmt>11509</EOYBookValueAmt>
        <EOYFMVAmt>12166</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AFFILIATED MANAGERS GROUP INC. 5.875</BondNm>
        <EOYBookValueAmt>21715</EOYBookValueAmt>
        <EOYFMVAmt>23678</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GENERAL ELECTRIC CO FXD</BondNm>
        <EOYBookValueAmt>244139</EOYBookValueAmt>
        <EOYFMVAmt>245421</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>UNION PACIFIC CORP</BondNm>
        <EOYBookValueAmt>253409</EOYBookValueAmt>
        <EOYFMVAmt>258632</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MEDTRONIC INC</BondNm>
        <EOYBookValueAmt>101257</EOYBookValueAmt>
        <EOYFMVAmt>103779</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FIRST ENERGY CORP</BondNm>
        <EOYBookValueAmt>248392</EOYBookValueAmt>
        <EOYFMVAmt>257363</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>NEXTERA ENERGY CAPITAL HOLDINGS INC.</BondNm>
        <EOYBookValueAmt>153272</EOYBookValueAmt>
        <EOYFMVAmt>155280</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>DUKE ENERGY CORP</BondNm>
        <EOYBookValueAmt>265559</EOYBookValueAmt>
        <EOYFMVAmt>267367</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SIMON PROPERTY GROUP LP</BondNm>
        <EOYBookValueAmt>211539</EOYBookValueAmt>
        <EOYFMVAmt>212336</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CME GROUP INC</BondNm>
        <EOYBookValueAmt>261270</EOYBookValueAmt>
        <EOYFMVAmt>261958</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ZIMMER BIOMET HOLDINGS INC</BondNm>
        <EOYBookValueAmt>266616</EOYBookValueAmt>
        <EOYFMVAmt>265871</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SHERWIN WILLIAMS CO/THE</BondNm>
        <EOYBookValueAmt>265596</EOYBookValueAmt>
        <EOYFMVAmt>265254</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>UNITED STATE TREASURY BILL</BondNm>
        <EOYBookValueAmt>498081</EOYBookValueAmt>
        <EOYFMVAmt>499135</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CITIBANK NA</BondNm>
        <EOYBookValueAmt>245000</EOYBookValueAmt>
        <EOYFMVAmt>252873</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>AERCAP HOLDINGS NV</StockNm>
        <EOYBookValueAmt>382722</EOYBookValueAmt>
        <EOYFMVAmt>453464</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST TR EXCHANGE TRADED FD VI</StockNm>
        <EOYBookValueAmt>690424</EOYBookValueAmt>
        <EOYFMVAmt>810656</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST TRUST AMEX BIOTECH</StockNm>
        <EOYBookValueAmt>1133820</EOYBookValueAmt>
        <EOYFMVAmt>1975002</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR S&amp;P DIVIDEND</StockNm>
        <EOYBookValueAmt>2820220</EOYBookValueAmt>
        <EOYFMVAmt>4517940</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR S&amp;P MIDCAP 400 ETF TRUST</StockNm>
        <EOYBookValueAmt>1513688</EOYBookValueAmt>
        <EOYFMVAmt>4711019</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD HEALTH CARE ETF</StockNm>
        <EOYBookValueAmt>2003532</EOYBookValueAmt>
        <EOYFMVAmt>3750243</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD RUSSELL 1000</StockNm>
        <EOYBookValueAmt>2970541</EOYBookValueAmt>
        <EOYFMVAmt>5387010</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AEGON NV SERIES 1</StockNm>
        <EOYBookValueAmt>22509</EOYBookValueAmt>
        <EOYFMVAmt>24854</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ASPEN INSURANCE HLDG LTD</StockNm>
        <EOYBookValueAmt>46946</EOYBookValueAmt>
        <EOYFMVAmt>50118</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BANK OF AMERICA CORP 6.5%-Y</StockNm>
        <EOYBookValueAmt>46708</EOYBookValueAmt>
        <EOYFMVAmt>44165</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BK OF AMERICA CO 5.875%</StockNm>
        <EOYBookValueAmt>10567</EOYBookValueAmt>
        <EOYFMVAmt>11401</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHS INC</StockNm>
        <EOYBookValueAmt>86171</EOYBookValueAmt>
        <EOYFMVAmt>88030</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHS INC</StockNm>
        <EOYBookValueAmt>91787</EOYBookValueAmt>
        <EOYFMVAmt>90982</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CITIGROUP INC 6.875%-K</StockNm>
        <EOYBookValueAmt>137157</EOYBookValueAmt>
        <EOYFMVAmt>140653</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CITIGRP INC 7.125%</StockNm>
        <EOYBookValueAmt>31783</EOYBookValueAmt>
        <EOYFMVAmt>32959</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>F N B CORP FLA DEP SHS REPSTG</StockNm>
        <EOYBookValueAmt>43580</EOYBookValueAmt>
        <EOYFMVAmt>46768</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIFTH THIRD BANCORP 6.625%-I</StockNm>
        <EOYBookValueAmt>54966</EOYBookValueAmt>
        <EOYFMVAmt>56965</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOLDMAN SACHS GROUP PFD D</StockNm>
        <EOYBookValueAmt>1042393</EOYBookValueAmt>
        <EOYFMVAmt>1440741</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOLDMAN SACHS GRP INC 5.50%-J</StockNm>
        <EOYBookValueAmt>43310</EOYBookValueAmt>
        <EOYFMVAmt>44709</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOLDMAN SACHS GRP INC 6.375%-K</StockNm>
        <EOYBookValueAmt>62909</EOYBookValueAmt>
        <EOYFMVAmt>67645</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JP MORGAN CHASE &amp; CO 6.1%-Y</StockNm>
        <EOYBookValueAmt>35425</EOYBookValueAmt>
        <EOYFMVAmt>35753</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JPMORGAN CHASE &amp; CO 6.125%-T</StockNm>
        <EOYBookValueAmt>11587</EOYBookValueAmt>
        <EOYFMVAmt>11716</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY 6.375%-I</StockNm>
        <EOYBookValueAmt>85622</EOYBookValueAmt>
        <EOYFMVAmt>89862</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY 6.875%-F</StockNm>
        <EOYBookValueAmt>84325</EOYBookValueAmt>
        <EOYFMVAmt>86570</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PARTNERRE LTD 7.25%</StockNm>
        <EOYBookValueAmt>85817</EOYBookValueAmt>
        <EOYFMVAmt>85050</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PNC FINL P 6.125% FLTS 5/01/22</StockNm>
        <EOYBookValueAmt>65485</EOYBookValueAmt>
        <EOYFMVAmt>62778</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>REGIONS FINANCIAL CO 6.375%-B</StockNm>
        <EOYBookValueAmt>32164</EOYBookValueAmt>
        <EOYFMVAmt>32848</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STATE ST CO 5.90-D FXD-TO-FLT</StockNm>
        <EOYBookValueAmt>54908</EOYBookValueAmt>
        <EOYFMVAmt>56238</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SYNOVUS FIN CP 7.875 PFD</StockNm>
        <EOYBookValueAmt>10501</EOYBookValueAmt>
        <EOYFMVAmt>10896</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>US BANCORP - 5.5%</StockNm>
        <EOYBookValueAmt>10508</EOYBookValueAmt>
        <EOYFMVAmt>11516</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VALLEY NATL BANCORP SER-A</StockNm>
        <EOYBookValueAmt>20249</EOYBookValueAmt>
        <EOYFMVAmt>22182</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VEREIT INC PFD SER F</StockNm>
        <EOYBookValueAmt>35712</EOYBookValueAmt>
        <EOYFMVAmt>35853</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLS FARGO &amp; COMPANY 6.625%-R</StockNm>
        <EOYBookValueAmt>115148</EOYBookValueAmt>
        <EOYFMVAmt>115205</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WINTRUST FINANCIAL CORP</StockNm>
        <EOYBookValueAmt>49880</EOYBookValueAmt>
        <EOYFMVAmt>55430</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ZIONS BANCORP 6.30%</StockNm>
        <EOYBookValueAmt>44020</EOYBookValueAmt>
        <EOYFMVAmt>44920</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HARTFORD FIN SER6.0%</StockNm>
        <EOYBookValueAmt>20622</EOYBookValueAmt>
        <EOYFMVAmt>22242</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALPHABET INC CL C</StockNm>
        <EOYBookValueAmt>1061013</EOYBookValueAmt>
        <EOYFMVAmt>2426691</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMAZON COM INC</StockNm>
        <EOYBookValueAmt>227292</EOYBookValueAmt>
        <EOYFMVAmt>1411750</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AON PLC SHS CL-A</StockNm>
        <EOYBookValueAmt>206578</EOYBookValueAmt>
        <EOYFMVAmt>876693</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BARCLAY PLC ADR</StockNm>
        <EOYBookValueAmt>465678</EOYBookValueAmt>
        <EOYFMVAmt>405685</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERKSHIRE HATHAWAY CL-B NEW</StockNm>
        <EOYBookValueAmt>1053218</EOYBookValueAmt>
        <EOYFMVAmt>1969644</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CITIGROUP INC NEW</StockNm>
        <EOYBookValueAmt>1193938</EOYBookValueAmt>
        <EOYFMVAmt>1777313</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COMCAST CORP (NEW) CLASS A</StockNm>
        <EOYBookValueAmt>1113216</EOYBookValueAmt>
        <EOYFMVAmt>1332236</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DISH NETWORK CLASS A</StockNm>
        <EOYBookValueAmt>750063</EOYBookValueAmt>
        <EOYFMVAmt>560426</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ECOLAB INC</StockNm>
        <EOYBookValueAmt>70030</EOYBookValueAmt>
        <EOYFMVAmt>284853</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FACEBOOK INC CL-A</StockNm>
        <EOYBookValueAmt>915863</EOYBookValueAmt>
        <EOYFMVAmt>1117792</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GCI LIBERTY INC CL A</StockNm>
        <EOYBookValueAmt>679147</EOYBookValueAmt>
        <EOYFMVAmt>1112699</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HILTON WORLDWIDE HLDGS INC</StockNm>
        <EOYBookValueAmt>484381</EOYBookValueAmt>
        <EOYFMVAmt>665460</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LIBERTY GLOBAL PLC CL C NEW</StockNm>
        <EOYBookValueAmt>351268</EOYBookValueAmt>
        <EOYFMVAmt>767969</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LIBERTY TRIPADVISOR HLDGS INC</StockNm>
        <EOYBookValueAmt>44621</EOYBookValueAmt>
        <EOYFMVAmt>35464</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MICROSOFT CORP</StockNm>
        <EOYBookValueAmt>442359</EOYBookValueAmt>
        <EOYFMVAmt>2483933</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MOHAWK INDUSTRIES INC</StockNm>
        <EOYBookValueAmt>796797</EOYBookValueAmt>
        <EOYFMVAmt>552339</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY</StockNm>
        <EOYBookValueAmt>416232</EOYBookValueAmt>
        <EOYFMVAmt>617274</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ORACLE CORP</StockNm>
        <EOYBookValueAmt>421606</EOYBookValueAmt>
        <EOYFMVAmt>675707</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNITEDHEALTH GP INC</StockNm>
        <EOYBookValueAmt>85467</EOYBookValueAmt>
        <EOYFMVAmt>863125</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMER HOMES 4 RENT 6.35 SER-E</StockNm>
        <EOYBookValueAmt>22302</EOYBookValueAmt>
        <EOYFMVAmt>23164</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMERICAN HMS 4 RENT PFD D 6.5</StockNm>
        <EOYBookValueAmt>10880</EOYBookValueAmt>
        <EOYFMVAmt>11262</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMERICAN HOMES 4 RENT 6.25</StockNm>
        <EOYBookValueAmt>10550</EOYBookValueAmt>
        <EOYFMVAmt>11234</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ARCH CAP GROUP LTD 5.25</StockNm>
        <EOYBookValueAmt>22783</EOYBookValueAmt>
        <EOYFMVAmt>23824</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ASPEN INSURANCE HOLDING 5.625</StockNm>
        <EOYBookValueAmt>54648</EOYBookValueAmt>
        <EOYFMVAmt>59314</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BANK OF AMERICA CORP 6.2 CC</StockNm>
        <EOYBookValueAmt>67530</EOYBookValueAmt>
        <EOYFMVAmt>68408</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHARLES SCHWAB CORP 5.95 D</StockNm>
        <EOYBookValueAmt>44269</EOYBookValueAmt>
        <EOYFMVAmt>44653</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHS INC/RED PFD CL BS4</StockNm>
        <EOYBookValueAmt>44360</EOYBookValueAmt>
        <EOYFMVAmt>43683</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CITIGROUP INC 6.3</StockNm>
        <EOYBookValueAmt>19892</EOYBookValueAmt>
        <EOYFMVAmt>20549</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HUNTINGTON BANCSHARES 6.25</StockNm>
        <EOYBookValueAmt>32938</EOYBookValueAmt>
        <EOYFMVAmt>32994</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KEYCORP 6.125 SER-E</StockNm>
        <EOYBookValueAmt>60520</EOYBookValueAmt>
        <EOYFMVAmt>66814</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PEOPLES UNITED FIN INC SER A</StockNm>
        <EOYBookValueAmt>66590</EOYBookValueAmt>
        <EOYFMVAmt>72681</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SANTANDER FINANCE PRF SA FLR</StockNm>
        <EOYBookValueAmt>44277</EOYBookValueAmt>
        <EOYFMVAmt>50838</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCE TRUST IV 5.375</StockNm>
        <EOYBookValueAmt>12658</EOYBookValueAmt>
        <EOYFMVAmt>12574</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCE TRUST V 5.45</StockNm>
        <EOYBookValueAmt>24349</EOYBookValueAmt>
        <EOYFMVAmt>24078</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STIFEL FINANCIAL CORP 6.25</StockNm>
        <EOYBookValueAmt>20385</EOYBookValueAmt>
        <EOYFMVAmt>21043</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLS FARGO &amp; CO 5.7 SER-2</StockNm>
        <EOYBookValueAmt>10795</EOYBookValueAmt>
        <EOYFMVAmt>10878</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MARRIOTT INTL INC NEW CL A</StockNm>
        <EOYBookValueAmt>673162</EOYBookValueAmt>
        <EOYFMVAmt>1228703</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST TRUST WATER ETF (FIW)</StockNm>
        <EOYBookValueAmt>724843</EOYBookValueAmt>
        <EOYFMVAmt>1139050</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AGNC INVESTMENT CORP 7%</StockNm>
        <EOYBookValueAmt>22444</EOYBookValueAmt>
        <EOYFMVAmt>22836</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ANNALY CAP MGMNT 6.95%</StockNm>
        <EOYBookValueAmt>22564</EOYBookValueAmt>
        <EOYFMVAmt>22955</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ARCH CAP GROUP LTD 5.45%</StockNm>
        <EOYBookValueAmt>22054</EOYBookValueAmt>
        <EOYFMVAmt>22979</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CAPITAL ONE FINL CORP 6.20%-F</StockNm>
        <EOYBookValueAmt>10496</EOYBookValueAmt>
        <EOYFMVAmt>10119</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COLONY NORTHSTAR INC 7.125%-J</StockNm>
        <EOYBookValueAmt>32552</EOYBookValueAmt>
        <EOYFMVAmt>32101</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COLONY NORTHSTAR INC 8.75%</StockNm>
        <EOYBookValueAmt>10398</EOYBookValueAmt>
        <EOYFMVAmt>9816</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DIGITAL RLTY TR INC RED SER C</StockNm>
        <EOYBookValueAmt>14106</EOYBookValueAmt>
        <EOYFMVAmt>14197</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ENSTAR GROUP LTD 7%</StockNm>
        <EOYBookValueAmt>31306</EOYBookValueAmt>
        <EOYFMVAmt>34593</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FARMLAND PARTNERS INC 6%</StockNm>
        <EOYBookValueAmt>24248</EOYBookValueAmt>
        <EOYFMVAmt>23115</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GLOBAL NET LEASE INC PFD SER A</StockNm>
        <EOYBookValueAmt>6217</EOYBookValueAmt>
        <EOYFMVAmt>6660</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOLDMAN SACHS GROUP INC 6.3%</StockNm>
        <EOYBookValueAmt>22741</EOYBookValueAmt>
        <EOYFMVAmt>22323</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INVESCO MTG CAP INC 7.75%</StockNm>
        <EOYBookValueAmt>10416</EOYBookValueAmt>
        <EOYFMVAmt>10971</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY 5.85%</StockNm>
        <EOYBookValueAmt>20397</EOYBookValueAmt>
        <EOYFMVAmt>22830</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NATIONAL STORAGE AFFILIA 6%</StockNm>
        <EOYBookValueAmt>10392</EOYBookValueAmt>
        <EOYFMVAmt>11074</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NEW YORK CMNTY BC INC SER A</StockNm>
        <EOYBookValueAmt>66126</EOYBookValueAmt>
        <EOYFMVAmt>71773</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NISOURCE INC 6.5% SER B</StockNm>
        <EOYBookValueAmt>31816</EOYBookValueAmt>
        <EOYFMVAmt>34794</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STATE STREET CORP 5.350%</StockNm>
        <EOYBookValueAmt>55753</EOYBookValueAmt>
        <EOYFMVAmt>58193</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TCF FINANCIAL CORPN 5.70</StockNm>
        <EOYBookValueAmt>10433</EOYBookValueAmt>
        <EOYFMVAmt>10948</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TWO HARBORS INVESTM 7.625%</StockNm>
        <EOYBookValueAmt>10423</EOYBookValueAmt>
        <EOYFMVAmt>11278</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TWO HARBORS INVSTMNT C 7.25%</StockNm>
        <EOYBookValueAmt>33915</EOYBookValueAmt>
        <EOYFMVAmt>35145</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>URSTADT BIDDLE PPTYS INC SER H</StockNm>
        <EOYBookValueAmt>6256</EOYBookValueAmt>
        <EOYFMVAmt>6631</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VALLEY NATL BANCRP 5.50%</StockNm>
        <EOYBookValueAmt>11620</EOYBookValueAmt>
        <EOYFMVAmt>12045</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLS FARGO &amp; COMPANY 6%</StockNm>
        <EOYBookValueAmt>4145</EOYBookValueAmt>
        <EOYFMVAmt>4054</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLS FARGO 5.85-Q FIXD</StockNm>
        <EOYBookValueAmt>42900</EOYBookValueAmt>
        <EOYFMVAmt>44290</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL MTRS CO</StockNm>
        <EOYBookValueAmt>575212</EOYBookValueAmt>
        <EOYFMVAmt>612135</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TRIPADVISOR INC COM</StockNm>
        <EOYBookValueAmt>280708</EOYBookValueAmt>
        <EOYFMVAmt>263547</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLS FARGO &amp; CO NEW</StockNm>
        <EOYBookValueAmt>1210642</EOYBookValueAmt>
        <EOYFMVAmt>1249290</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALPHABET INC CL C</StockNm>
        <EOYBookValueAmt>5271</EOYBookValueAmt>
        <EOYFMVAmt>9359</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>APPLE INC</StockNm>
        <EOYBookValueAmt>7779</EOYBookValueAmt>
        <EOYFMVAmt>17913</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BERKSHIRE HATHAWAY CL-B NEW</StockNm>
        <EOYBookValueAmt>658</EOYBookValueAmt>
        <EOYFMVAmt>2945</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JP MORGAN CHASE &amp; CO</StockNm>
        <EOYBookValueAmt>1995</EOYBookValueAmt>
        <EOYFMVAmt>6134</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MICROSOFT CORP</StockNm>
        <EOYBookValueAmt>2046</EOYBookValueAmt>
        <EOYFMVAmt>15139</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>THERMO FISHER SCIENTIFIC</StockNm>
        <EOYBookValueAmt>552</EOYBookValueAmt>
        <EOYFMVAmt>5523</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JP MORGAN CHASE &amp; CO. 5.75%</StockNm>
        <EOYBookValueAmt>10567</EOYBookValueAmt>
        <EOYFMVAmt>11561</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BRIGHTSPHERE INVT GROUP LLC NT</StockNm>
        <EOYBookValueAmt>47122</EOYBookValueAmt>
        <EOYFMVAmt>48588</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AGNC INVESTMENT CORP 6.875%</StockNm>
        <EOYBookValueAmt>11417</EOYBookValueAmt>
        <EOYFMVAmt>11498</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AIR LEASE CORP</StockNm>
        <EOYBookValueAmt>32516</EOYBookValueAmt>
        <EOYFMVAmt>35251</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALLSTATE CORP</StockNm>
        <EOYBookValueAmt>23063</EOYBookValueAmt>
        <EOYFMVAmt>23918</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMER EQ INV HLDG CO</StockNm>
        <EOYBookValueAmt>46856</EOYBookValueAmt>
        <EOYFMVAmt>46994</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ANNALY CAP MGMT INC PDF SER I</StockNm>
        <EOYBookValueAmt>45635</EOYBookValueAmt>
        <EOYFMVAmt>47164</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ASPEN INSURANCE HOLDINGS 5.625</StockNm>
        <EOYBookValueAmt>11397</EOYBookValueAmt>
        <EOYFMVAmt>11933</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ATHENE HOLDING LTD</StockNm>
        <EOYBookValueAmt>23011</EOYBookValueAmt>
        <EOYFMVAmt>24130</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ATHENE HOLDING LTD</StockNm>
        <EOYBookValueAmt>22382</EOYBookValueAmt>
        <EOYFMVAmt>24747</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AXA EQUITABLE HLDG INC 5.25</StockNm>
        <EOYBookValueAmt>23238</EOYBookValueAmt>
        <EOYFMVAmt>24377</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BANK OF AMERICA CO</StockNm>
        <EOYBookValueAmt>23021</EOYBookValueAmt>
        <EOYFMVAmt>24059</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BANK OF AMERICA CO</StockNm>
        <EOYBookValueAmt>20625</EOYBookValueAmt>
        <EOYFMVAmt>22679</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CAPITAL ONE FINANCIAL</StockNm>
        <EOYBookValueAmt>46690</EOYBookValueAmt>
        <EOYFMVAmt>47445</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CAPITAL ONE FINANCIAL</StockNm>
        <EOYBookValueAmt>10628</EOYBookValueAmt>
        <EOYFMVAmt>10571</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CITIZENS FIN GROUP 6.35% D</StockNm>
        <EOYBookValueAmt>31553</EOYBookValueAmt>
        <EOYFMVAmt>35136</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DIGITAL REALTY TRST 5.850</StockNm>
        <EOYBookValueAmt>21683</EOYBookValueAmt>
        <EOYFMVAmt>23760</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DIGITAL REALTY TST INC 5.20%</StockNm>
        <EOYBookValueAmt>23944</EOYBookValueAmt>
        <EOYFMVAmt>24700</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DUKE ENERGY CORP 5.75%</StockNm>
        <EOYBookValueAmt>32578</EOYBookValueAmt>
        <EOYFMVAmt>35663</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JPMORGAN CHASE &amp; CO. 6.00%</StockNm>
        <EOYBookValueAmt>10375</EOYBookValueAmt>
        <EOYFMVAmt>11650</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PS BUSINESS CO 6.375%</StockNm>
        <EOYBookValueAmt>11803</EOYBookValueAmt>
        <EOYFMVAmt>11602</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPIRE INC 5.90%</StockNm>
        <EOYBookValueAmt>10981</EOYBookValueAmt>
        <EOYFMVAmt>11849</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SYNOVUS FIN CORP</StockNm>
        <EOYBookValueAmt>11175</EOYBookValueAmt>
        <EOYFMVAmt>11775</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FT ENHANCED SHORT MATURITY ETF</StockNm>
        <EOYBookValueAmt>601049</EOYBookValueAmt>
        <EOYFMVAmt>600900</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PIMCO ENHANCED SHRT MTRT EXC</StockNm>
        <EOYBookValueAmt>1521685</EOYBookValueAmt>
        <EOYFMVAmt>1523850</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD FTSE EMERING MARKETS</StockNm>
        <EOYBookValueAmt>1470286</EOYBookValueAmt>
        <EOYFMVAmt>1573704</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FISERV INC WISCONSIN</StockNm>
        <EOYBookValueAmt>275487</EOYBookValueAmt>
        <EOYFMVAmt>364003</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FOX CORP CL B</StockNm>
        <EOYBookValueAmt>316410</EOYBookValueAmt>
        <EOYFMVAmt>286322</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LIBERTY BROADBAND CORP</StockNm>
        <EOYBookValueAmt>292182</EOYBookValueAmt>
        <EOYFMVAmt>339525</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NETFLIX</StockNm>
        <EOYBookValueAmt>449024</EOYBookValueAmt>
        <EOYFMVAmt>508652</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WABTEC CORP</StockNm>
        <EOYBookValueAmt>258289</EOYBookValueAmt>
        <EOYFMVAmt>284592</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WALT DISNEY CO HLDG</StockNm>
        <EOYBookValueAmt>14995</EOYBookValueAmt>
        <EOYFMVAmt>19814</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>JP MORGAN STRAT INC OPP SEL</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2933731</BookValueAmt>
        <EOYFMVAmt>2830088</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LORD ABBETT SHT DURATION INC F</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>4486608</BookValueAmt>
        <EOYFMVAmt>4234233</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MAINSTAY HI YLD CORP BOND I</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>3046785</BookValueAmt>
        <EOYFMVAmt>3529978</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MATTHEWS ASIA DIVIDEND INV</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1198559</BookValueAmt>
        <EOYFMVAmt>1086500</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ARTISAN FUNDS INC MID CAP VALUE FD INV SHS ARTQX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>30814</BookValueAmt>
        <EOYFMVAmt>30058</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ARTISAN FDS INC INTERNAITIONAL FUND INV ARTIX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>30453</BookValueAmt>
        <EOYFMVAmt>45212</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DIAMOND HILL LONG-SHORT FUND CL I DHLSX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>46099</BookValueAmt>
        <EOYFMVAmt>71370</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DODGE &amp; COX INCOME FD DODIX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>108701</BookValueAmt>
        <EOYFMVAmt>115874</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HARRIS ASSOC INVT TR OAKMARK INTL FUND CL I OAKIX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>25882</BookValueAmt>
        <EOYFMVAmt>43132</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>JPMORGAN MID CAP VALUE FUND CL I FLMVX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>21827</BookValueAmt>
        <EOYFMVAmt>35769</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ROYCE FUND PENNSYLVANIA MUTUAL FD INVESTMENT CL PENNX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>51179</BookValueAmt>
        <EOYFMVAmt>53841</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PIMCO FDS PAC INVT MGMT SER EMERGING MKTS BD RD INSTL CL PEBIX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>15759</BookValueAmt>
        <EOYFMVAmt>15429</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRINICIPAL FUNDS INC PREFERRED SECURITIES INSTAL CLASS PPSIX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>34296</BookValueAmt>
        <EOYFMVAmt>35587</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TEMPLETON INCOME TR GLOBAL BD FD ADVISOR CL TGBAX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>15513</BookValueAmt>
        <EOYFMVAmt>13394</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>TWEEDY BROWNE FD INC GLOBAL VALUE FD TBGVX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>20809</BookValueAmt>
        <EOYFMVAmt>28576</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD GNMA FD CL I VFIIX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>20937</BookValueAmt>
        <EOYFMVAmt>21151</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FIRST EAGLE OVERSEAS 1</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>7125308</BookValueAmt>
        <EOYFMVAmt>7389532</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PGIM TOTAL RETURN BOND Z</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>5501051</BookValueAmt>
        <EOYFMVAmt>5524492</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>70</LegalFeesAmt>
        <NetInvestmentIncomeAmt>70</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>DIVIDEND RECEIVABLE</Desc>
        <BOYBookValueAmt>13913</BOYBookValueAmt>
        <EOYBookValueAmt>28742</EOYBookValueAmt>
        <EOYFMVAmt>28742</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>BANK SERVICE CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>460</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>426</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DIRECTOR EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>1002</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1002</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>417734</Amt>
        <NetInvestmentIncomeAmt>417734</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>13785</Amt>
        <NetInvestmentIncomeAmt>13785</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>