﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2016v3.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-11-07T11:47:19-00:00</ReturnTs>
    <TaxPeriodEndDt>2016-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>JJ Maier CPA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>5385 Kilroy Lane</AddressLine1Txt>
        <CityNm>Douglasville</CityNm>
        <StateAbbreviationCd>GA</StateAbbreviationCd>
        <ZIPCd>30135</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2016-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>521805567</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>Jerome S &amp; Grace H Murray Foundation</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>JERO</BusinessNameControlTxt>
      <PhoneNum>4102575344</PhoneNum>
      <USAddress>
        <AddressLine1Txt>c/o Eileen M Dillon P O Box 227</AddressLine1Txt>
        <CityNm>Owings</CityNm>
        <StateAbbreviationCd>MD</StateAbbreviationCd>
        <ZIPCd>20736</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Eileen M Dillon</PersonNm>
      <PersonTitleTxt>Chairman</PersonTitleTxt>
      <PhoneNum>4102575344</PhoneNum>
      <SignatureDt>2017-11-07</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>JJ Maier</PreparerPersonNm>
      <PhoneNum>7709424163</PhoneNum>
      <PreparationDt>2017-11-07</PreparationDt>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>107.137.94.23</IPv4AddressTxt>
      </IPAddress>
      <IPDt>2017-11-07</IPDt>
      <IPTm>16:45:09</IPTm>
      <IPTimezoneCd>ES</IPTimezoneCd>
      <FederalOriginalSubmissionId>5841872017292qmz4da7</FederalOriginalSubmissionId>
      <FederalOriginalSubmissionIdDt>2017-11-07</FederalOriginalSubmissionIdDt>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>01B37FF7212EFFD35ACDBB3074F03969166E20E4</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>01B37FF7212EFFD35ACDBB3074F03969166E20E4</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2016</TaxYr>
    <BuildTS>2017-02-10 21:41:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="11">
    <IRS990PF referenceDocumentId="990PF:151" documentId="990PF" softwareId="16000333" softwareVersionNum="17.2.1.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>15713567</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <InterestOnSavRevAndExpnssAmt>905</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>905</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>311898</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>311898</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="990PF:123">-24713</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>59664</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>0</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="990PF:125">18302</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>18302</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>306392</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>331105</TotalNetInvstIncmAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>60000</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>60000</OthEmplSlrsWgsNetInvstIncmAmt>
        <PensionEmplBnftRevAndExpnssAmt>4500</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>4500</PensionEmplBnftNetInvstIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="990PF:127">8000</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>8000</AccountingFeesNetInvstIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="990PF:128">66318</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>66318</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="990PF:129">10403</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>10403</TaxesNetInvstIncmAmt>
        <OccupancyRevAndExpnssAmt>5520</OccupancyRevAndExpnssAmt>
        <OccupancyNetInvstIncmAmt>5520</OccupancyNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="990PF:130">9527</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>9527</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>164268</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>164268</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>749750</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>749750</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>914018</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>164268</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>749750</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-607626</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>166837</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>81657</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>128639</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>128639</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>15723238</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="990PF:137">13893668</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>15584928</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>15804895</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>14022307</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>15713567</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <RetainedEarningBOYAmt>15804895</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>14022307</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>15804895</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>14022307</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>15804895</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>14022307</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>15804895</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-607626</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>15197269</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="990PF:149">1174962</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>14022307</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>TIFF ST FUND ST Gain</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-10-29</AcquiredDt>
          <SoldDt>2016-10-18</SoldDt>
          <GrossSalesPriceAmt>49181</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>67483</CostOrOtherBasisAmt>
          <GainOrLossAmt>-18302</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-18302</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-18302</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-18302</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>759006</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>15165464</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>000.050048</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>736411</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>15363523</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>000.047932</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>711439</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>14727038</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>000.048308</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>715040</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>14378573</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>000.049730</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>691364</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>14776957</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>000.046787</DistributionYr5Rt>
        <TotalDistributionRt>000.242805</TotalDistributionRt>
        <AverageDistributionRt>000.048561</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>15326649</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>744277</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>1668</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>745945</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>749750</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>1668</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>1668</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>1668</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>5146</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>5146</TotalPaymentsAndCreditsAmt>
        <OriginalReturnTaxPaidAmt>5146</OriginalReturnTaxPaidAmt>
        <OverpaymentAmt>3478</OverpaymentAmt>
        <AppliedToESTaxAmt>3478</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>MD</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>jgmurrayfoundation.org</WebsiteAddressTxt>
        <IndividualWithBooksNm>Eileen M Dillon Trustee</IndividualWithBooksNm>
        <PhoneNum>4102575344</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO Box 227</AddressLine1Txt>
          <CityNm>Owings</CityNm>
          <StateAbbreviationCd>MD</StateAbbreviationCd>
          <ZIPCd>20736</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>true</UndistributedIncomePYInd>
        <UndistributedIncomePY1Yr>2010</UndistributedIncomePY1Yr>
        <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>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Eileen M Dillon</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO Box 227</AddressLine1Txt>
            <CityNm>Owings</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20736</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>002.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Stanton Murray</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO Box 227</AddressLine1Txt>
            <CityNm>Owings</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20736</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>001.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Leo K Murray</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO Box 227</AddressLine1Txt>
            <CityNm>Owings</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20736</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>001.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>David Althoff</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO Box 227</AddressLine1Txt>
            <CityNm>Owings</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20736</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>001.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Cris White</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO Box 227</AddressLine1Txt>
            <CityNm>Owings</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20736</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>001.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>Kim Harrison</PersonNm>
          <USAddress>
            <AddressLine1Txt>2976 Penwick Ln</AddressLine1Txt>
            <CityNm>Dunkirk</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20754</ZIPCd>
          </USAddress>
          <TitleTxt>Administrator</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>040.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>60000</CompensationAmt>
          <EmployeeBenefitsAmt>4500</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>Merrill Lynch</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>One North Wacker Dr Ste 1950</AddressLine1Txt>
            <CityNm>Chicago</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60606</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>Investments/Investment Advisory</ServiceTypeTxt>
          <CompensationAmt>66318</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>JJ Maier CPA</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>5385 Kilroy Lane</AddressLine1Txt>
            <CityNm>Douglasville</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30135</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>Tax Preparation Record Keeping</ServiceTypeTxt>
          <CompensationAmt>8000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>N/A</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>15452711</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>107339</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>15560050</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>15560050</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt referenceDocumentId="990PF:165">233401</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>15326649</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>766332</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>766332</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1668</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1668</TotalTaxAmt>
        <DistributableBeforeAdjAmt>764664</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>764664</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>764664</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt referenceDocumentId="990PF:166">749750</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>749750</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>1668</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>748082</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>764664</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>466956</UndistributedIncomePYAmt>
        <PriorYear1Yr>2012</PriorYear1Yr>
        <PriorYear2Yr>2013</PriorYear2Yr>
        <PriorYear3Yr>2014</PriorYear3Yr>
        <TotalForPriorYearsAmt>1547854</TotalForPriorYearsAmt>
        <QualifyingDistributionsAmt>749750</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>466956</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>282794</AppliedToCurrentYearAmt>
        <PriorYearUndistributedIncmAmt>1547854</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>1547854</Taxable1Amt>
        <UndistributedIncomeCYAmt>481870</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>Ms Kim Harrison</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 227</AddressLine1Txt>
            <CityNm>Owings</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20736</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>4102575344</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>All required forms on website www.jgmurrayfoundation.org</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>Refer to website for deadlines</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>Refer to websit for restrictions or limitations</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>See Attached Grant Statement</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 227</AddressLine1Txt>
            <CityNm>Owings</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20736</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EOF</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>749750</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>749750</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>905</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>311898</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <OtherInvestmentIncmPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>18302</ExclusionAmt>
        </OtherInvestmentIncmPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-24713</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>306392</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>306392</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <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="990PF:127" softwareId="16000333" softwareVersionNum="17.2.1.0">
      <AccountingFeesDetail>
        <CategoryTxt>J.J. Maier, CPA</CategoryTxt>
        <Amt>8000</Amt>
        <NetInvestmentIncomeAmt>8000</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="990PF:123" softwareId="16000333" softwareVersionNum="17.2.1.0">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>TIFF ST FUND ST Gain</AssetDesc>
        <AcquiredDt>2015-10</AcquiredDt>
        <HowAcquiredTxt>P</HowAcquiredTxt>
        <SoldDt>2016-10</SoldDt>
        <PurchaserNameGrp>
          <BusinessName>
            <BusinessNameLine1Txt>The Murray Foundation</BusinessNameLine1Txt>
          </BusinessName>
        </PurchaserNameGrp>
        <GrossSalesPriceAmt>49181</GrossSalesPriceAmt>
        <BasisAmt>67483</BasisAmt>
        <TotalNetAmt>-18302</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>LT Loss</AssetDesc>
        <BasisAmt>16894</BasisAmt>
        <TotalNetAmt>-16894</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>ST Gain</AssetDesc>
        <GrossSalesPriceAmt>10483</GrossSalesPriceAmt>
        <TotalNetAmt>10483</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <GeneralExplanationAttachment documentId="990PF:143" softwareId="16000333" softwareVersionNum="17.2.1.0"></GeneralExplanationAttachment>
    <InvestmentsCorpStockSchedule documentId="990PF:137" softwareId="16000333" softwareVersionNum="17.2.1.0">
      <InvestmentsCorporateStockGrp>
        <StockNm>ML 2BL-04001 Stmt A</StockNm>
        <EOYBookValueAmt>7522617</EOYBookValueAmt>
        <EOYFMVAmt>7522617</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ML 2BL-04072 Stmt A</StockNm>
        <EOYBookValueAmt>4837922</EOYBookValueAmt>
        <EOYFMVAmt>6487237</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TIFF Secondary Partners 1 Partnership</StockNm>
        <EOYBookValueAmt>78566</EOYBookValueAmt>
        <EOYFMVAmt>78566</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ML 2BL-02070 Stmt A</StockNm>
        <EOYBookValueAmt>259026</EOYBookValueAmt>
        <EOYFMVAmt>300863</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TIFF PEP Partnership 2013</StockNm>
        <EOYBookValueAmt>141515</EOYBookValueAmt>
        <EOYFMVAmt>141515</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TIFF PEP Partnership 2016</StockNm>
        <EOYBookValueAmt>78566</EOYBookValueAmt>
        <EOYFMVAmt>78566</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ML 2BL-02148 Stmt A</StockNm>
        <EOYBookValueAmt>455950</EOYBookValueAmt>
        <EOYFMVAmt>442121</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ML 2BL-02149 Stmt A</StockNm>
        <EOYBookValueAmt>467895</EOYBookValueAmt>
        <EOYFMVAmt>481832</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TIFF Short Term Investment</StockNm>
        <EOYBookValueAmt>51611</EOYBookValueAmt>
        <EOYFMVAmt>51611</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherAssetsSchedule documentId="990PF:132" softwareId="16000333" softwareVersionNum="17.2.1.0"></OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="990PF:149" softwareId="16000333" softwareVersionNum="17.2.1.0">
      <OtherDecreasesDetail>
        <Desc>Book/Tax Gain Difference</Desc>
        <Amt>1174962</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="990PF:130" softwareId="16000333" softwareVersionNum="17.2.1.0">
      <OtherExpensesScheduleGrp>
        <Desc>Miscellaneous Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>712</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>712</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office Expense Furniture, Maintenance Supplies</Desc>
        <RevenueAndExpensesPerBooksAmt>953</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>953</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office Expense - Computer Software Repairs</Desc>
        <RevenueAndExpensesPerBooksAmt>1512</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1512</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Postage</Desc>
        <RevenueAndExpensesPerBooksAmt>457</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>457</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Telephone</Desc>
        <RevenueAndExpensesPerBooksAmt>1656</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1656</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Bank Service Charges</Desc>
        <RevenueAndExpensesPerBooksAmt>90</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>90</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Meetings Seminars</Desc>
        <RevenueAndExpensesPerBooksAmt>4147</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>4147</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="990PF:125" softwareId="16000333" softwareVersionNum="17.2.1.0">
      <OtherIncomeDetail>
        <Desc>Net rental real estate income from TIFF PEP Partnership</Desc>
        <RevenueAndExpensesPerBooksAmt>18302</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>18302</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="990PF:128" softwareId="16000333" softwareVersionNum="17.2.1.0">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Merrill Lynch Management Fees</CategoryTxt>
        <Amt>66318</Amt>
        <NetInvestmentIncomeAmt>66318</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="990PF:129" softwareId="16000333" softwareVersionNum="17.2.1.0">
      <TaxesDetail>
        <CategoryTxt>Foreign taxes</CategoryTxt>
        <Amt>1102</Amt>
        <NetInvestmentIncomeAmt>1102</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Excise taxes net</CategoryTxt>
        <Amt>4685</Amt>
        <NetInvestmentIncomeAmt>4685</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Payroll taxes</CategoryTxt>
        <Amt>4616</Amt>
        <NetInvestmentIncomeAmt>4616</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>