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            <CityNm>GREENVILLE</CityNm>
            <StateAbbreviationCd>SC</StateAbbreviationCd>
            <ZIPCd>29607</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General &amp; Unrestricted</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF SOUTH CAROLINA ALUMNI ASSOCIATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>900 SENATE ST</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>SC</StateAbbreviationCd>
            <ZIPCd>29201</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General &amp; Unrestricted</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF SOUTH CAROLINA EDUCATIONAL FOUNDATIO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1027 BARNWELL ST</AddressLine1Txt>
            <CityNm>COLUMBIA</CityNm>
            <StateAbbreviationCd>SC</StateAbbreviationCd>
            <ZIPCd>29208</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General &amp; Unrestricted</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>123333</TotalGrantOrContriPdDurYrAmt>
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      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1738</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
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          <ExclusionAmt>74018</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>149868</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>225624</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>225624</TotalIncomeProducingActyAmt>
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      <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>
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      <InvestmentsCorporateStockGrp>
        <StockNm>AMG MG FAIRPORT MC Z</StockNm>
        <EOYBookValueAmt>71087</EOYBookValueAmt>
        <EOYFMVAmt>83850</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AQR EQUITY MARKET NEUTRAL FUND</StockNm>
        <EOYBookValueAmt>36753</EOYBookValueAmt>
        <EOYFMVAmt>38023</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AQR LONG SHORT EQUITY FUND CLA</StockNm>
        <EOYBookValueAmt>79162</EOYBookValueAmt>
        <EOYFMVAmt>73459</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BLACKSTONE ALTERNATIVE MULTI S</StockNm>
        <EOYBookValueAmt>197906</EOYBookValueAmt>
        <EOYFMVAmt>192660</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DB X TRACKERS MSCI EUROPE HEDG</StockNm>
        <EOYBookValueAmt>74133</EOYBookValueAmt>
        <EOYFMVAmt>83072</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DB X TRACKERS MSCI JAPAN HEDGE</StockNm>
        <EOYBookValueAmt>100521</EOYBookValueAmt>
        <EOYFMVAmt>123672</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DIAMOND HILL LONG SHORT FUND C</StockNm>
        <EOYBookValueAmt>79162</EOYBookValueAmt>
        <EOYFMVAmt>79645</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DODGE &amp; COX FUNDS INTERNATIONA</StockNm>
        <EOYBookValueAmt>107781</EOYBookValueAmt>
        <EOYFMVAmt>134190</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DODGE &amp; COX INCOME FUND</StockNm>
        <EOYBookValueAmt>149470</EOYBookValueAmt>
        <EOYFMVAmt>151131</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DOUBLELINE TOTAL RETURN BOND</StockNm>
        <EOYBookValueAmt>113840</EOYBookValueAmt>
        <EOYFMVAmt>112053</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIDELITY INTERNATL INDEX INSTL</StockNm>
        <EOYBookValueAmt>80029</EOYBookValueAmt>
        <EOYFMVAmt>79222</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES MSCI INDIA ETF</StockNm>
        <EOYBookValueAmt>75056</EOYBookValueAmt>
        <EOYFMVAmt>90572</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ISHARES TRUST- ISHARES MSCI AL</StockNm>
        <EOYBookValueAmt>65330</EOYBookValueAmt>
        <EOYFMVAmt>93443</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LAZARD EMERGING MARKETS EQUITY</StockNm>
        <EOYBookValueAmt>36773</EOYBookValueAmt>
        <EOYFMVAmt>43174</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MATTHEWS ASIA DIVIDEND FUND IN</StockNm>
        <EOYBookValueAmt>69050</EOYBookValueAmt>
        <EOYFMVAmt>88389</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NEUBERGER BERMAN ALTRNTIVE FDS</StockNm>
        <EOYBookValueAmt>79162</EOYBookValueAmt>
        <EOYFMVAmt>81729</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NEUBERGER BERMAN GREATER CHINA</StockNm>
        <EOYBookValueAmt>35029</EOYBookValueAmt>
        <EOYFMVAmt>49189</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NEUBERGER BERMAN MULTI CAP OPP</StockNm>
        <EOYBookValueAmt>155441</EOYBookValueAmt>
        <EOYFMVAmt>192756</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>OAKMARK INTERNATIONAL FUND</StockNm>
        <EOYBookValueAmt>208414</EOYBookValueAmt>
        <EOYFMVAmt>242425</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PARNASSUS EQUITY INCOME FUND I</StockNm>
        <EOYBookValueAmt>246852</EOYBookValueAmt>
        <EOYFMVAmt>270855</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PIMCO HIGH-YIELD INSTL</StockNm>
        <EOYBookValueAmt>144456</EOYBookValueAmt>
        <EOYFMVAmt>149108</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PRIMECAP ODYSSEY STOCK FUND</StockNm>
        <EOYBookValueAmt>264316</EOYBookValueAmt>
        <EOYFMVAmt>332556</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PRUDENTIAL GLOBAL REAL ESTATE</StockNm>
        <EOYBookValueAmt>153387</EOYBookValueAmt>
        <EOYFMVAmt>149784</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCHWAB US TIPS</StockNm>
        <EOYBookValueAmt>117421</EOYBookValueAmt>
        <EOYFMVAmt>117900</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR GOLD SHARES</StockNm>
        <EOYBookValueAmt>110667</EOYBookValueAmt>
        <EOYFMVAmt>114995</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR S&amp;P 500 ETF TRUST</StockNm>
        <EOYBookValueAmt>180357</EOYBookValueAmt>
        <EOYFMVAmt>228699</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR SER TR S&amp;P OIL &amp; GAS EXPL</StockNm>
        <EOYBookValueAmt>37367</EOYBookValueAmt>
        <EOYFMVAmt>38221</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>THE ARBITRAGE FUND CLASS I</StockNm>
        <EOYBookValueAmt>38279</EOYBookValueAmt>
        <EOYFMVAmt>38012</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TORTOISE MLP AND PIPELINE FUND</StockNm>
        <EOYBookValueAmt>71207</EOYBookValueAmt>
        <EOYFMVAmt>73779</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD FTSE EMERGING MARKETS</StockNm>
        <EOYBookValueAmt>33324</EOYBookValueAmt>
        <EOYFMVAmt>45267</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD TOTAL BOND MARKET IND</StockNm>
        <EOYBookValueAmt>187104</EOYBookValueAmt>
        <EOYFMVAmt>187675</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>Administrative Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>19543</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>19543</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>State or Local Filing Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>25</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment Management Services</CategoryTxt>
        <Amt>5956</Amt>
        <NetInvestmentIncomeAmt>5956</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>990-PF Estimated Tax for 2017</CategoryTxt>
        <Amt>1600</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>990-PF Excise Tax for 2016</CategoryTxt>
        <Amt>743</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>