﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2019v5.1" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2020-11-07T06:51:22-08:00</ReturnTs>
    <TaxPeriodEndDt>2019-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>John P Talia CPA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>PO Box 388</AddressLine1Txt>
        <CityNm>Hamilton</CityNm>
        <StateAbbreviationCd>MT</StateAbbreviationCd>
        <ZIPCd>598400388</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2019-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>841361004</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>EARTHSENSE FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>EART</BusinessNameControlTxt>
      <PhoneNum>2124855455</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO Box 778</AddressLine1Txt>
        <CityNm>NEW YORK</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10013</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>SHANNON O'LEARY JOY</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>2124855455</PhoneNum>
      <SignatureDt>2020-11-01</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>John P Talia CPA</PreparerPersonNm>
      <PTIN>P01211229</PTIN>
      <PhoneNum>4063634661</PhoneNum>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>63.153.65.62</IPv4AddressTxt>
      </IPAddress>
      <IPDt>2020-11-07</IPDt>
      <IPTm>06:50:55</IPTm>
      <IPTimezoneCd>PS</IPTimezoneCd>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>D033D5A85D00D273144AB9B8A75232DE6B38AFCF</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>D033D5A85D00D273144AB9B8A75232DE6B38AFCF</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2019</TaxYr>
    <BuildTS>2021-04-22 16:20:28Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990PF documentId="IRS990PF-01">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>6927958</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>131406</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>131406</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="GainLossSaleOtherAssetsSch-01" referenceDocumentName="GainLossFromSaleOtherAssetsSchedule">414747</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>560863</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>414747</CapGainNetIncmNetInvstIncmAmt>
        <GrossProfitRevAndExpnssAmt>0</GrossProfitRevAndExpnssAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2-01" referenceDocumentName="OtherIncomeSchedule2">1806</OtherIncomeRevAndExpnssAmt>
        <TotalRevAndExpnssAmt>547959</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>546153</TotalNetInvstIncmAmt>
        <LegalFeesRevAndExpnssAmt>0</LegalFeesRevAndExpnssAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule-01" referenceDocumentName="AccountingFeesSchedule">15035</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesChrtblPrpsAmt>6000</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedu-01" referenceDocumentName="OtherProfessionalFeesSchedule">60837</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>60837</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule-01" referenceDocumentName="TaxesSchedule">30844</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>16335</TaxesNetInvstIncmAmt>
        <DeprecAndDpltnRevAndExpnssAmt>0</DeprecAndDpltnRevAndExpnssAmt>
        <TravConfMeetingRevAndExpnssAmt>9030</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingDsbrsChrtblAmt>9030</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule-01" referenceDocumentName="AmortizationSchedule OtherExpensesSchedule">6169</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>5037</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>121915</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>77172</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>20067</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>566800</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>566800</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>688715</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>77172</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>586867</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-140756</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>468981</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>226475</CashBOYAmt>
        <CashEOYAmt>38415</CashEOYAmt>
        <CashEOYFMVAmt>38415</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>21931</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>25708</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>25708</SavAndTempCashInvstEOYFMVAmt>
        <RcvblFromOfficersEOYAmt>0</RcvblFromOfficersEOYAmt>
        <OtherNtsAndLoansRcvblBOYAmt>0</OtherNtsAndLoansRcvblBOYAmt>
        <OtherNtsAndLoansRcvblEOYAmt>0</OtherNtsAndLoansRcvblEOYAmt>
        <CorporateStockBOYAmt>2292706</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedul-01" referenceDocumentName="InvestmentsCorpStockSchedule">2336233</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>6863835</CorporateStockEOYFMVAmt>
        <LandBldgInvestmentsEOYAmt>0</LandBldgInvestmentsEOYAmt>
        <OtherInvestmentsEOYAmt>0</OtherInvestmentsEOYAmt>
        <LandEOYAmt>0</LandEOYAmt>
        <OtherAssetsBOYAmt>0</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt>0</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt>0</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>2541112</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2400356</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>6927958</TotalAssetsEOYFMVAmt>
        <LoansFromOfficersEOYAmt>0</LoansFromOfficersEOYAmt>
        <MortgagesAndNotesPayableEOYAmt>0</MortgagesAndNotesPayableEOYAmt>
        <OtherLiabilitiesBOYAmt>0</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt>0</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>2541112</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>2400356</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>2541112</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2400356</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>2541112</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2400356</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>2541112</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-140756</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>2400356</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>2400356</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PERSHING N4Q-512789</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2017-12-31</AcquiredDt>
          <SoldDt>2019-12-31</SoldDt>
          <GrossSalesPriceAmt>544552</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>146116</CostOrOtherBasisAmt>
          <GainOrLossAmt>398436</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>398436</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BRANDYWINE FUND-CAPITAL GAIN DIVIDEND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2017-12-31</AcquiredDt>
          <SoldDt>2019-12-16</SoldDt>
          <GrossSalesPriceAmt>13001</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>13001</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>13001</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CLIPPER FUND-CAPITAL GAIN DIVIDEND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2017-12-31</AcquiredDt>
          <SoldDt>2019-12-12</SoldDt>
          <GrossSalesPriceAmt>2955</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>2955</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>2955</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECURITY RECOVERIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2017-12-31</AcquiredDt>
          <SoldDt>2019-12-31</SoldDt>
          <GrossSalesPriceAmt>355</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>355</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>355</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>414747</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <AdjustedQlfyDistriYr1Amt>435441</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>6681443</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.065172</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>441808</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>6742617</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.065525</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>821659</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>6572022</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.125024</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>1432654</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>7491852</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.191228</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>559116</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>7965221</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.070195</DistributionYr5Rt>
        <TotalDistributionRt>0.517144</TotalDistributionRt>
        <AverageDistributionRt>0.103429</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>6421577</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>664177</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>4690</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>668867</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>586867</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>9380</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>9380</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>9380</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>7575</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>12000</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>19575</TotalPaymentsAndCreditsAmt>
        <OriginalReturnOverpaymentAmt>-19575</OriginalReturnOverpaymentAmt>
        <OverpaymentAmt>10195</OverpaymentAmt>
        <AppliedToESTaxAmt>10195</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>CO</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>false</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>CRM MANAGEMENT</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2124855455</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>205 HUDSON ST STE 1002</AddressLine1Txt>
          <CityNm>NEW YORK</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10013</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SHANNON O'LEARY-JOY</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O CRM MGMT POBOX 778</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10013</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>CLIMATE EMERGENCY FUND-RAISING THE VOICES OF THE YOUTH TO PUT PRESSURE ON GOVERNMENT LEADERS TO DIVEST FROM FOSSIL FUEL FINANCING, AND DIVERSIFY THE MOVEMENT BY ENGAGING NEW VOICES AND FOSTERING SCIENCE, EDUCATION AND OUTREACH TO PROMOTE SOLUTIONS FOR OUR CURRENT CLIMATE CRISIS.</Description1Txt>
        <Expenses1Amt>207081</Expenses1Amt>
        <Description2Txt>OCEANS 5-COLLABORATES AND ENGAGES MULIPLE ORGANIZATIONS WORKING TOGETHER TO CONSTRAIN OVERFISHING AND TO ESTABLISH MARINE RESERVES, SHARING STRATEGIC GUIDANCE AND SUPPORT TO PROVIDE LASTING BENEFITS TO THE WORLD'S OCEANS AND STRENGTHEN OCEAN CONSERVATION PHILANTROPY.</Description2Txt>
        <Expenses2Amt>103540</Expenses2Amt>
        <Description3Txt>KING BAUDOUIN FOUNDATION U.S.-PLANTING TREES FOR THE FUTURE OF HUMANITY AND CARBON CLIMATE SCIENCE STUDY AND WORKING WITH LOCAL COMMUNITIES TO PLANT INDIGENOUS TREES ALONG THE ARAGUAIA CORRIDOR OF BIODIVERSITY, BRAZIL, LARGE SCALE REGENERATION</Description3Txt>
        <Expenses3Amt>63988</Expenses3Amt>
        <Description4Txt>THE FILM COLLABAORATIVE-SUPPORT OUTREACH THROUGH MEDIA MAKERS IN RAISING AWARENESS OF GLOBAL ISSUES THROUGH STORYTELLING. DOCUMENTARY FILM AS AN EDUCATION TOOL FOR ISSUES ON CLIMATE, MENTAL HEALTH AND THE NEED TO PROTECT OUR SYSTEMS OF BIODIVERSITY WITH ATTENTION TO SCIENCE, RESILIENCE, HABITAT LOSS AND IMPACT ON HUMANITY.</Description4Txt>
        <Expenses4Amt>51770</Expenses4Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>6363103</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>156265</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>6519368</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>6519368</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>97791</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>6421577</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>321079</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>321079</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>9380</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>9380</TotalTaxAmt>
        <DistributableBeforeAdjAmt>311699</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>311699</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>311699</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>586867</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>586867</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>586867</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>311699</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>0</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>520023</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>828341</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>441808</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>435441</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>2225613</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>586867</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <RemainingDistriFromCorpusAmt>586867</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>311699</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>311699</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>2500781</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>2500781</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>208324</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>828341</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>441808</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>435441</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>586867</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NA</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ROCKEFELLER PHILANTHROPHY ADVISORS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>6 WEST 48TH ST 10TH FL</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10036</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>THE OCEANS 5INITIATIVE</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CAMBODIAN CHILDRENS FUND</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2461 SANTA MONICA BLVD PMB 833</AddressLine1Txt>
            <CityNm>SANTA MONICA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90404</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FIGHT POVERTYTHROUGH EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THE REDFORD CENTER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 29144</AddressLine1Txt>
            <CityNm>SAN FRANCISCO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94129</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENTALTHEMEFILMS</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ONE OCEAN MEDIA FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 730</AddressLine1Txt>
            <CityNm>STONE RIDGE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12484</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATING PUBLICENVIRONMENTAL ISSUES</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>KING BAUDOUIN FOUNDATION US</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>10 ROCKERFELLER PLAZA 16TH FL</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10020</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>AFRICAN AND EUROPEANCHARITIES THROUGHUS 501(C)(3)</GrantOrContributionPurposeTxt>
          <Amt>61800</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MUSIC HEALS INTERNATIONAL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 2593</AddressLine1Txt>
            <CityNm>MILL VALLEY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94942</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>MUSIC TO CHILDRENOF HAITI AND THE WORLD</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THE FILM COLLABORATIVE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>3405 CAZADOR ST</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90065</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT OF INDEPENDENTFILMMAKERS</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TURTLE CONSERVANCY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1289</AddressLine1Txt>
            <CityNm>OJAI</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93024</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONSERVATION</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CLIMATE EMERGENCY FUND</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>8383 WILSHIRE BLVD STE 400</AddressLine1Txt>
            <CityNm>BEVERLY HILLS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90211</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CLIMATE CHANGE</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>INDEPENDENT FEATURE PROJECT INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>30 JOHN ST</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11201</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT OF INDEPENDENTFILMMAKERS</GrantOrContributionPurposeTxt>
          <Amt>35000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>FIRST</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>200 BEDFORD ST</AddressLine1Txt>
            <CityNm>MANCHESTER</CityNm>
            <StateAbbreviationCd>NH</StateAbbreviationCd>
            <ZIPCd>03101</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OCEAN PLASTIC CLEAN-UP</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CHARITIES AID FOUNDATION OF AMERICA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>225 REINEKERS LANE STE 375</AddressLine1Txt>
            <CityNm>ALEXANDRIA</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22314</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PHILANTORPICGLOBAL OUTREACH</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>566800</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>131406</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>414747</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>546153</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>546153</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>N/A</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule-01">
      <AccountingFeesDetail>
        <CategoryTxt>CRM MANAGEMENT ACCOUNTING</CategoryTxt>
        <Amt>12000</Amt>
        <DisbursementsCharitablePrpsAmt>6000</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>JOHN P. TALIA, CPA TAX PREP</CategoryTxt>
        <Amt>3035</Amt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="GainLossSaleOtherAssetsSch-01">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>PERSHING #N4Q-512789 (SEE ATTACHED)</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2019-12</SoldDt>
        <PurchaserNameGrp>
          <PersonNm>PUBLIC SECURITIES</PersonNm>
        </PurchaserNameGrp>
        <GrossSalesPriceAmt>544552</GrossSalesPriceAmt>
        <BasisAmt>146116</BasisAmt>
        <BasisMethodTxt>FMV</BasisMethodTxt>
        <TotalNetAmt>398436</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>CAPITAL GAIN DIVIDENDS</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2019-12</SoldDt>
        <PurchaserNameGrp>
          <PersonNm>MUTUAL FUND</PersonNm>
        </PurchaserNameGrp>
        <GrossSalesPriceAmt>15956</GrossSalesPriceAmt>
        <TotalNetAmt>15956</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>SECURITY RECOVERIES</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2019-12</SoldDt>
        <PurchaserNameGrp>
          <PersonNm>PUBLIC SECURITIES</PersonNm>
        </PurchaserNameGrp>
        <GrossSalesPriceAmt>355</GrossSalesPriceAmt>
        <BasisAmt>0</BasisAmt>
        <BasisMethodTxt>FMV</BasisMethodTxt>
        <TotalNetAmt>355</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedul-01">
      <InvestmentsCorporateStockGrp>
        <StockNm>BRANDYWINE FUND</StockNm>
        <EOYBookValueAmt>78662</EOYBookValueAmt>
        <EOYFMVAmt>139452</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CLIPPER FUND</StockNm>
        <EOYBookValueAmt>352137</EOYBookValueAmt>
        <EOYFMVAmt>529582</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PUBLICLY TRADED SECURITIES-GR&amp;G LLC</StockNm>
        <EOYBookValueAmt>1901195</EOYBookValueAmt>
        <EOYFMVAmt>6194801</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RECONCILING ITEM-GRG LLC</StockNm>
        <EOYBookValueAmt>4239</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule-01">
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>879</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>879</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BOOKS, SUBSCRIPTIONS AND REFERENCE</Desc>
        <RevenueAndExpensesPerBooksAmt>5108</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>4158</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OPERATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>182</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2-01">
      <OtherIncomeDetail>
        <Desc>REFUNDS</Desc>
        <RevenueAndExpensesPerBooksAmt>1806</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedu-01">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>GARDNER RUSSO &amp; GARDNER MANAGEMENT FEES</CategoryTxt>
        <Amt>60837</Amt>
        <NetInvestmentIncomeAmt>60837</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule-01">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>16335</Amt>
        <NetInvestmentIncomeAmt>16335</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAX</CategoryTxt>
        <Amt>14509</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>