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        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>GILBERT BUTLER</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD STE 214</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT/CFO/DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>20.00</AverageHrsPerWkDevotedToPosRt>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANTHONY P GRASSI</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD STE 214</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <TitleTxt>CHAIRMAN/DIRECTOR</TitleTxt>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DANA BEACH</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
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            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>13.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>111375</CompensationAmt>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KRISTINE TOMPKINS</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD STE 214</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR EMERITA</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
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          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ILDIKO BUTLER</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD STE 214</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CARL CARLSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD STE 214</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
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          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
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        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>R BRADFORD MALT- RESIGNED 1524</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD STE 214</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
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          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
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        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LAUREN SIMPSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD STE 214</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY/CLERK</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
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          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ROBERT CHARLES HOWE</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD STE 214</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR OF PARKLANDS</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>24.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>180000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOSEPH MANCARI- ELECTED 42624</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD STE 214</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>4.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JENNIFER MCGOVERN</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD STE 214</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <TitleTxt>CONTROLLER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>8.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>THOMAS PHILLIPS- ELECTED 61424</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD STE 214</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
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        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KIM ELLIMAN- ELECTED 61424</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD STE 214</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR EMERITUS</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BLACK RIVER MANAGEMENT CO</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD S</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>ADVISORY SERVICES/ADMINISTRATIVE</ServiceTypeTxt>
          <CompensationAmt>599450</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <PersonNm>DANA BEACH-CONSERVATION CONSULTING</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O BUTLER PARKLANDS INC 60 CUTTER</AddressLine1Txt>
            <AddressLine2Txt>MILL ROAD S</AddressLine2Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>CONSULTING FEES</ServiceTypeTxt>
          <CompensationAmt>111375</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>MORGAN LEWIS &amp; BOCKIUS LLP</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>PO BOX 8500 S-6050</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19178</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>LEGAL FEES</ServiceTypeTxt>
          <CompensationAmt>49990</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>VIRGINIA BEACH</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>PO BOX 28</AddressLine1Txt>
            <CityNm>WADMALAW ISLAND</CityNm>
            <StateAbbreviationCd>SC</StateAbbreviationCd>
            <ZIPCd>29487</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>CONSULTING FEES</ServiceTypeTxt>
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        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>GOLD STAR ROOFING</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>186 BAXTER ROAD</AddressLine1Txt>
            <CityNm>CHERRY VALLEY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>13320</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>ROOFER</ServiceTypeTxt>
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        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>BUTLER PARKLANDS, INC. CONDUCTS LANDSCAPE-SCALE INFRASTRUCTURE PROJECTS,INVOLVING OWNERSHIP AND MANAGEMENT OF LAND AND FACILITIES. THE CREATION OF PUBLIC RECREATION INFRASTRUCTURE ONLARGE TRACTS OF CONSERVED LAND IS INTENDED TO FOSTER AND PROMOTE PUBLIC ACCESS TO AND USE, ENJOYMENT, EDUCATION, AND NON-MOTORIZED TRAVEL ON SUCH LAND.</Description1Txt>
        <Expenses1Amt>5264319</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>98890861</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>603959</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>665844</FMVAllOtherNoncharitableAstAmt>
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        <AdjustedTotalFMVOfUnusedAstAmt>100160664</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1502410</CashDeemedCharitableAmt>
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      <DistributableAmountGrp>
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        <TaxBasedOnInvestmentIncomeAmt>95055</TaxBasedOnInvestmentIncomeAmt>
        <IncomeTaxAmt>107728</IncomeTaxAmt>
        <TotalTaxAmt>202783</TotalTaxAmt>
        <DistributableBeforeAdjAmt>4730130</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>4730130</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>4730130</DistributableAsAdjustedAmt>
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      <PFQualifyingDistributionsGrp>
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        <QualifyingDistributionsAmt>6537138</QualifyingDistributionsAmt>
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      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>4730130</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>7018200</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>3587851</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>2945660</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>3550977</ExcessDistributionCyovYr2Amt>
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        <TotalExcessDistributionCyovAmt>21678949</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>6537138</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>4730130</AppliedToCurrentYearAmt>
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        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>23485957</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>7018200</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>16467757</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>3587851</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>2945660</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>3550977</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>4576261</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>1807008</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>GILBERT BUTLER</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BANCO DES BOSQUES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>LA PAMPA 3285 PISO 5</AddressLine1Txt>
            <CityNm>BUENOS AIRES</CityNm>
            <CountryCd>AR</CountryCd>
          </RecipientForeignAddress>
          <RecipientFoundationStatusTxt>FOREIGN CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENTAL</GrantOrContributionPurposeTxt>
          <Amt>170000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>COBSCOOK SHORES INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>C/O 60 CUTTER MILL RD SUITE 214</AddressLine1Txt>
            <CityNm>GREAT NECK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11021</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PRIVATE FOUNDATION</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENTAL</GrantOrContributionPurposeTxt>
          <Amt>1673941</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CONNECTICUT RIVER CONSERVANCY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>15 BANK ROW</AddressLine1Txt>
            <CityNm>GREENFIELD</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>01301</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENTAL</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CONSERVATION VOTERS OF SOUTH CAROLINA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>701 WHALEY STREET</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>SC</StateAbbreviationCd>
            <ZIPCd>29201</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENTAL</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FRIENDS OF ACADIA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>43 COTTAGE STREET PO BOX 45</AddressLine1Txt>
            <CityNm>BAR HARBOR</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04069</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENTAL</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GALVESTON BAY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1725 HIGHWAY 146</AddressLine1Txt>
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            <StateAbbreviationCd>TX</StateAbbreviationCd>
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        <NetInvestmentIncomeAmt>242387</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>242387</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAIN ON INVESTMENTS</Desc>
        <Amt>18299789</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER PROFESSIONAL FEES</CategoryTxt>
        <Amt>25255</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>25255</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT FEES</CategoryTxt>
        <Amt>506057</Amt>
        <NetInvestmentIncomeAmt>506057</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ADMINISTRATIVE CHARGE</CategoryTxt>
        <Amt>243874</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>243874</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>PROPERTY TAX</CategoryTxt>
        <Amt>12547</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>12547</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>MA PC FILING FEE</CategoryTxt>
        <Amt>500</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>500</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>29828</Amt>
        <NetInvestmentIncomeAmt>29828</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
        <Amt>26262</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>26262</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>