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        <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>MIKE DOHERTY</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>15000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>GAIL GORALSKI</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>12000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JENNIFER POTTER WINTON</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>12000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STUART WILLIAMS</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>12000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JAN HANDRICKSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>12000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RHODA ALTOM</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>12000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOSEPH ROSA</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR/CEO</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>35.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>254800</CompensationAmt>
          <EmployeeBenefitProgramAmt>19979</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARGARET GRIFFITHS</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>CHIEF FINANCIAL OFFICER (UNTIL 3/19)</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>35.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>54533</CompensationAmt>
          <EmployeeBenefitProgramAmt>4513</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LARRY NUMATA</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>INTERIM CFO (UNTIL 12/19)</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>15.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>73650</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>RENATE RAYMOND</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>DEPUTY DIRECTOR OF D</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>35.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>106408</CompensationAmt>
          <EmployeeBenefitsAmt>7909</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>DANA FORHAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>SENIOR PROPERTY MANA</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>35.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>99007</CompensationAmt>
          <EmployeeBenefitsAmt>10453</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>AMANDA DONNAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>CHIEF CURATOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>35.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>69836</CompensationAmt>
          <EmployeeBenefitsAmt>14933</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>LANIE BOLIEU</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>CONTROLLER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>35.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>69504</CompensationAmt>
          <EmployeeBenefitsAmt>8347</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>CORY GOOCH</PersonNm>
          <USAddress>
            <AddressLine1Txt>704 TERRY AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98104</ZIPCd>
          </USAddress>
          <TitleTxt>CHIEF REGISTRAR, HEA</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>35.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>68223</CompensationAmt>
          <EmployeeBenefitsAmt>8944</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <OtherEmployeePaidOver50kCnt>9</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>DORSEY &amp; WHITNEY LLP</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>PO BOX 1680</AddressLine1Txt>
            <CityNm>MINNEAPOLIS</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55480</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>LEGAL SERVICES</ServiceTypeTxt>
          <CompensationAmt>130002</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BNY MELLON</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>240 GREENWICH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10286</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT SERVICES</ServiceTypeTxt>
          <CompensationAmt>85801</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>CLARK NUBER</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>10900 NE 4TH ST SUITE 1400</AddressLine1Txt>
            <CityNm>BELLEVUE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98021</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>ACCOUNTING SERVICES</ServiceTypeTxt>
          <CompensationAmt>56393</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>THE MUSEUM OPERATES &amp; ADMINISTERS A FREE PUBLIC ART MUSEUM. IN ADDITION TO THE DISPLAY OF THE ITEMS IN ITS PERMANENT COLLECTION, THE MUSEUM OFFERS MANY TEMPORARY EXHIBITS EACH YEAR THAT CONCENTRATE ON SPECIFIC ARTISTS OR THEMES. APPROXIMATELY 100,000 PEOPLE VIEW THESE EXHIBITIONS ANNUALLY SEE PART XVI-B FOR MORE DETAILS.</Description1Txt>
        <Expenses1Amt>3484301</Expenses1Amt>
        <Description2Txt>FREE &amp; FEE-BASED CLASSES ARE PROVIDED TO ADULTS &amp; CHILDREN ON TOPICS SUCH AS ART HISTORY, DRAWING AND SCULPTURE, AS WELL AS SUBJECTS SPECIFIC TO THE PERMANENT COLLECTION AND TEMPORARY EXHIBITIONS. THE MUSEUM PRESENTS LECTURES, WORKSHOPS AND GUIDED TOURS COVERING A VARIETY OF TOPICS.CLASSES AND LECTURES INCLUDE OUR "SMALL FRYE" SERIES FOR CHILDREN, MANY SCHOOL PROGRAMS INCLUDING THOSE ADMINISTERED THRU BAILEY GATZERT PUBLIC ELEMENTARY SCHOOL, AND PROGRAMS FOR SENIORS WITH COGNITIVE ISSUES, SUCH AS ALZEIMER'S CAFE AND THE HERE:NOW SERIES. APPROXIMATELY 28,000 ADULTS ANDCHILDREN PARTICIPATE IN THESE PROGRAMS ANNUALLY. SEE PART XVI-B FOR MORE DETAILS.</Description2Txt>
        <Expenses2Amt>933254</Expenses2Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>15152022</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1650810</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>98938963</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>115741795</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>1800000</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>113941795</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1709127</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>112232668</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>5611633</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>4026524</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>73041</CharitableAssetsAcquisPaidAmt>
        <QualifyingDistributionsAmt>4099565</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>4099565</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <PrivateOperatingFoundationsGrp>
        <PrivateOperatingFndtnRulingDt>1979-04-11</PrivateOperatingFndtnRulingDt>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>2688177</CurrentYearAmt>
          <Year1Amt>3554856</Year1Amt>
          <Year2Amt>2630242</Year2Amt>
          <Year3Amt>1976743</Year3Amt>
          <TotalAmt>10850018</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <CurrentYearAmt>2284950</CurrentYearAmt>
          <Year1Amt>3021628</Year1Amt>
          <Year2Amt>2235706</Year2Amt>
          <Year3Amt>1680232</Year3Amt>
          <TotalAmt>9222515</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>4099565</CurrentYearAmt>
          <Year1Amt>4536898</Year1Amt>
          <Year2Amt>4625504</Year2Amt>
          <Year3Amt>5187242</Year3Amt>
          <TotalAmt>18449209</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriNotUsedDrtGrp>
          <CurrentYearAmt>3000</CurrentYearAmt>
          <Year1Amt>0</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>3000</TotalAmt>
        </QualifyingDistriNotUsedDrtGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>4096565</CurrentYearAmt>
          <Year1Amt>4536898</Year1Amt>
          <Year2Amt>4625504</Year2Amt>
          <Year3Amt>5187242</Year3Amt>
          <TotalAmt>18446209</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TotalAssetsGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsGrp>
        <TotalAssetsSect4942j3BiGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsSect4942j3BiGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>3741089</CurrentYearAmt>
          <Year1Amt>2831220</Year1Amt>
          <Year2Amt>2524016</Year2Amt>
          <Year3Amt>1483213</Year3Amt>
          <TotalAmt>10579538</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
        <TotalSupportGrp>
          <TotalAmt>0</TotalAmt>
        </TotalSupportGrp>
        <PublicSupportType>
          <TotalAmt>0</TotalAmt>
        </PublicSupportType>
        <LargestSupportFromEOGrp>
          <TotalAmt>0</TotalAmt>
        </LargestSupportFromEOGrp>
        <GrossInvestmentIncomeGrp>
          <TotalAmt>0</TotalAmt>
        </GrossInvestmentIncomeGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ARTIST TRUST</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1835 12TH AVENUE</AddressLine1Txt>
            <CityNm>SEATTLE</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>98122</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>BENEFIT ART AUCTION SPONSORSHIP</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>3000</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <ProgramServiceRevPartVIIGrp>
          <Desc>MEMBERSHIPS</Desc>
          <RelatedOrExemptFunctionIncmAmt>67355</RelatedOrExemptFunctionIncmAmt>
        </ProgramServiceRevPartVIIGrp>
        <ProgramServiceRevPartVIIGrp>
          <Desc>EDUCATION</Desc>
          <RelatedOrExemptFunctionIncmAmt>99067</RelatedOrExemptFunctionIncmAmt>
        </ProgramServiceRevPartVIIGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>289466</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>392742</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp>
          <BusinessCd>531110</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-24285</UnrelatedBusinessTaxblIncmAmt>
        </NetRntlIncmReDebtFincdPropGrp>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>2984371</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <GainSalesAstOthThanInvntryGrp>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>20600</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>198805</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <GrossProfitLossSlsOfInvntryGrp>
          <BusinessCd>453220</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>25506</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>03</ExclusionCd>
          <ExclusionAmt>125499</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>102023</RelatedOrExemptFunctionIncmAmt>
        </GrossProfitLossSlsOfInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>21821</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>3990883</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>268445</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>4281149</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>1A</LineNumberTxt>
          <RelationshipStatementTxt>THE MUSEUM OPERATES AND ADMINISTERS A FREE PUBLIC ART MUSEUM. IN DISPLAY OF THE ITEMS IN ITS PERMANENT COLLECTION, THE MUSEUM OFFERS MANY TEMPORARY EXHIBITS EACH YEAR THAT CONCENTRATE ON SPECIFIC ARTISTS APPROXIMATELY 100,000 PEOPLE VIEW THESE EXHIBITIONS ANNUALLY.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
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      <InvestmentsCorporateStockGrp>
        <StockNm>VIRTUS EMERGING MARKETS ( HIEMX ) OPPORTUNITIES FUND</StockNm>
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        <EOYFMVAmt>170720</EOYFMVAmt>
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    </InvestmentsCorpStockSchedule>
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      <USGovtObligationsEOYFMVAmt>195301</USGovtObligationsEOYFMVAmt>
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      <StateLocalSecEOYFMVAmt>0</StateLocalSecEOYFMVAmt>
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      <InvestmentLandGrp>
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        <BookValueAmt>6609625</BookValueAmt>
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      <InvestmentLandGrp>
        <CategoryOrItemTxt>LAND IMPROVEMENTS</CategoryOrItemTxt>
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      <InvestmentLandGrp>
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      <InvestmentLandGrp>
        <CategoryOrItemTxt>LEASEHOLD IMPROVEMENTS</CategoryOrItemTxt>
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        <BookValueAmt>280238</BookValueAmt>
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      <InvestmentLandGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
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        <BookValueAmt>14620</BookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FUGIO PRIVATE EQUITY FUND VII LP</CategoryOrItemTxt>
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        <EOYFMVAmt>454823</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FUGIO VC FUND IV LP</CategoryOrItemTxt>
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        <EOYFMVAmt>24545</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FUGIO PRIVATE EQUITY FUND VI LP</CategoryOrItemTxt>
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        <EOYFMVAmt>328888</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MAKENA ENDOWMENT PORTFOLIO</CategoryOrItemTxt>
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        <EOYFMVAmt>11471607</EOYFMVAmt>
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        <CostOrOtherBasisAmt>6017830</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>6017830</BookValueAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>LAND IMPROVEMENTS</CategoryOrItemTxt>
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      <LandEtcGrp>
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      <LandEtcGrp>
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        <BookValueAmt>648086</BookValueAmt>
        <EOYFMVAmt>648086</EOYFMVAmt>
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      <LandEtcGrp>
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        <BookValueAmt>103409</BookValueAmt>
        <EOYFMVAmt>103409</EOYFMVAmt>
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      <LandEtcGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
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        <EOYFMVAmt>16652</EOYFMVAmt>
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        <LegalFeesAmt>264076</LegalFeesAmt>
        <NetInvestmentIncomeAmt>67045</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>264076</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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      <OtherAssetsScheduleGrp>
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        <BOYBookValueAmt>169403</BOYBookValueAmt>
        <EOYBookValueAmt>284034</EOYBookValueAmt>
        <EOYFMVAmt>284034</EOYFMVAmt>
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        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>199</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>44621</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
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        <RevenueAndExpensesPerBooksAmt>105880</RevenueAndExpensesPerBooksAmt>
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      <OtherExpensesScheduleGrp>
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        <DisbursementsCharitablePrpsAmt>25715</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>MUSEUM ACCREDITATION EXPENSE</Desc>
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        <DisbursementsCharitablePrpsAmt>6334</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS &amp; MAINTENANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>177036</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1383</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1383</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>175653</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
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        <DisbursementsCharitablePrpsAmt>100074</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
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        <NetInvestmentIncomeAmt>59</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>59</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>68857</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>EXHIBITION</Desc>
        <RevenueAndExpensesPerBooksAmt>318407</RevenueAndExpensesPerBooksAmt>
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        <AdjustedNetIncomeAmt>44</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>219400</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>OUTSIDE SERVICES</Desc>
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        <NetInvestmentIncomeAmt>55692</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>55692</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>171627</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>STAFFING &amp; RECRUITING</Desc>
        <RevenueAndExpensesPerBooksAmt>44478</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>4104</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>4160</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>40318</DisbursementsCharitablePrpsAmt>
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        <Desc>INCOME FROM K-1S</Desc>
        <NetInvestmentIncomeAmt>-36865</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-90134</AdjustedNetIncomeAmt>
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      <OtherIncomeDetail>
        <Desc>MEMBERSHIPS</Desc>
        <RevenueAndExpensesPerBooksAmt>67355</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>67355</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>EDUCATION</Desc>
        <RevenueAndExpensesPerBooksAmt>99067</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>99067</AdjustedNetIncomeAmt>
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        <Amt>1703599</Amt>
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        <EOYBookValueAmt>438056</EOYBookValueAmt>
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    </OtherLiabilitiesSchedule>
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      <OtherProfessionalFeesDetail>
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        <AdjustedNetIncomeAmt>16057</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>328023</DisbursementsCharitablePrpsAmt>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEES</CategoryTxt>
        <Amt>85801</Amt>
        <NetInvestmentIncomeAmt>80000</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>80000</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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        <AdjustedNetIncomeAmt>9402</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>138709</DisbursementsCharitablePrpsAmt>
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      <TaxesDetail>
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        <DisbursementsCharitablePrpsAmt>7538</DisbursementsCharitablePrpsAmt>
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      <TaxesDetail>
        <CategoryTxt>REAL PROPERTY TAXES</CategoryTxt>
        <Amt>7831</Amt>
        <NetInvestmentIncomeAmt>1458</NetInvestmentIncomeAmt>
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        <DisbursementsCharitablePrpsAmt>6373</DisbursementsCharitablePrpsAmt>
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      <TaxesDetail>
        <CategoryTxt>FROM SCHEDULE K-1 - FOREIGN TAXES</CategoryTxt>
        <Amt>0</Amt>
        <NetInvestmentIncomeAmt>2599</NetInvestmentIncomeAmt>
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