BUTLER CONSERVATION FUND INC: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization: BUTLER CONSERVATION FUND INC (EIN 04-3032409)
Tax period: 2016-01-01 to 2016-12-31
Filed: 2017-11-14
IRS object ID: 201713189349102386
Schema version: 2016v3.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-PF
Schedule B
Accounting Fees Schedule
Expenditure Responsibility Stmt
Investments Corp Stock Schedule
Investments Other Schedule2
Legal Fees Schedule
Other Assets Schedule
Other Expenses Schedule
Other Income Schedule2
Other Increases Schedule
Other Professional Fees Schedule
Taxes Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2017-11-14T15:56:23-06:00	ReturnTs
Tax Period End	2016-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	113266576	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	GRASSI & CO CPA'S PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	488 MADISON AVENUE	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10022	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2016-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	043032409	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BUTLER CONSERVATION FUND INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	BUTL	BusinessNameControlTxt
Phone	2123030214	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	60 CUTTER MILL ROAD SUITE 212	AddressLine1Txt
City	GREAT NECK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11021	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DHRUVIKA PATEL AMIN	PersonNm
Person Title	VP OF FINANCE AND ADMINISTRATION	PersonTitleTxt
Phone	2123030214	PhoneNum
Signature	2017-11-14	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	ANTHONY DATTOMA	PreparerPersonNm
PTIN	P00237982	PTIN
Phone	2126616166	PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	69.193.146.197	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2017-11-14	IPDt
IP Tm	10:18:10	IPTm
IP Timezone	ES	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	061932B19F5F72235442B4D69ACCF4D7B6654E3D	AtSubmissionCreationDeviceId
At Submission Filing Device Id	4155ADD662A229042D525250696D658127B94B5C	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2016	TaxYr
Build TS	2017-02-10 21:41:12Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$129,363,304	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$70,000	ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss	$1,087,280	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$1,087,280	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	$1,610,443	NetGainSaleAstRevAndExpnssAmt
Cap Gain Net Incm Net Invst Incm	$1,610,443	CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss	$146,641	OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm	$146,641	OtherIncomeNetInvstIncmAmt
Total Rev And Expnss	$2,914,364	TotalRevAndExpnssAmt
Total Net Invst Incm	$2,844,364	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$70,438	CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm	$0	CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl	$70,438	CompOfcrDirTrstDsbrsChrtblAmt
Legal Fees Rev And Expnss	$162,852	LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm	$81,426	LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl	$81,426	LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss	$101,025	AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm	$50,512	AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps	$50,513	AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss	$1,474,171	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm	$1,322,066	OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl	$152,105	OtherProfFeesDsbrsChrtblAmt
Interest Rev And Expnss	$3,366	InterestRevAndExpnssAmt
Interest Net Invst Incm	$3,366	InterestNetInvstIncmAmt
Interest Dsbrs Chrtbl	$0	InterestDsbrsChrtblAmt
Taxes Rev And Expnss	$892,478	TaxesRevAndExpnssAmt
Taxes Net Invst Incm	$72,105	TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl	$2,695	TaxesDsbrsChrtblAmt
Occupancy Rev And Expnss	$51,353	OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm	$12,838	OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl	$38,515	OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss	$271,290	TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm	$0	TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl	$271,290	TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss	$4,064,022	OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm	$70,539	OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl	$3,993,483	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$7,090,995	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$1,612,852	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$4,660,465	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$3,998,723	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$3,998,723	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$11,089,718	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$1,612,852	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$8,659,188	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	-$8,175,354	ExcessRevenueOverExpensesAmt
Net Investment Income	$1,231,512	NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$78,224,829	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$73,439,045	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$73,439,045	SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY	$32,914	PrepaidExpensesBOYAmt
Prepaid Expenses EOY	$32,914	PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV	$32,914	PrepaidExpensesEOYFMVAmt
Corporate Stock BOY	$32,653,958	CorporateStockBOYAmt
Corporate Stock EOY	$38,090,450	CorporateStockEOYAmt
Corporate Stock EOYFMV	$38,090,450	CorporateStockEOYFMVAmt
Other Investments BOY	$18,952,873	OtherInvestmentsBOYAmt
Other Investments EOY	$16,538,457	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$16,538,457	OtherInvestmentsEOYFMVAmt
Land Bldg Equip Cost Or Other Bss	$1,175,918	LandBldgEquipCostOrOtherBssAmt
Land BOY	$1,130,732	LandBOYAmt
Land EOY	$1,175,918	LandEOYAmt
Land EOYFMV	$1,175,918	LandEOYFMVAmt
Other Assets BOY	$3,408,152	OtherAssetsBOYAmt
Other Assets EOY	$86,520	OtherAssetsEOYAmt
Other Assets EOYFMV	$86,520	OtherAssetsEOYFMVAmt
Total Assets BOY	$134,403,458	TotalAssetsBOYAmt
Total Assets EOY	$129,363,304	TotalAssetsEOYAmt
Total Assets EOYFMV	$129,363,304	TotalAssetsEOYFMVAmt
Accounts Payable BOY	$19,456	AccountsPayableBOYAmt
Accounts Payable EOY	$55,739	AccountsPayableEOYAmt
Total Liabilities BOY	$19,456	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$55,739	TotalLiabilitiesEOYAmt
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind
Unrestricted BOY	$134,384,002	UnrestrictedBOYAmt
Unrestricted EOY	$129,307,565	UnrestrictedEOYAmt
Tot Net Ast Or Fund Balances BOY	$134,384,002	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$129,307,565	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$134,403,458	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$129,363,304	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$134,384,002	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	-$8,175,354	ExcessRevenueOverExpensesAmt
Other Increases	$3,098,917	OtherIncreasesAmt
Subtotal	$129,307,565	SubtotalAmt
Other Decreases	$0	OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY	$129,307,565	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

Field	Value	IRS element (for citing)
Property	VARIOUS STOCK TRADES-REALIZED GAIN/LOSS	PropertyDesc
How Acquired	P	HowAcquiredCd
Gain Or Loss	$1,610,443	GainOrLossAmt
Gains Minus Excess Or Losses	$1,610,443	GainsMinusExcessOrLossesAmt

Field	Value	IRS element (for citing)
Capital Gain Net Income	$1,610,443	CapitalGainNetIncomeAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

Field	Value	IRS element (for citing)
Liable Section4942 Tax	0	LiableSection4942TaxInd
Adjusted Qlfy Distri Yr1	$7,387,988	AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1	$144,477,680	NetVlNoncharitableAssetsYr1Amt
Distribution Yr1	0.051136	DistributionYr1Rt
Adjusted Qlfy Distri Yr2	$7,509,366	AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2	$162,961,394	NetVlNoncharitableAssetsYr2Amt
Distribution Yr2	0.046081	DistributionYr2Rt
Adjusted Qlfy Distri Yr3	$6,868,286	AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3	$150,824,435	NetVlNoncharitableAssetsYr3Amt
Distribution Yr3	0.045538	DistributionYr3Rt
Adjusted Qlfy Distri Yr4	$5,681,994	AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4	$137,674,650	NetVlNoncharitableAssetsYr4Amt
Distribution Yr4	0.041271	DistributionYr4Rt
Adjusted Qlfy Distri Yr5	$4,682,757	AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5	$131,165,212	NetVlNoncharitableAssetsYr5Amt
Distribution Yr5	0.035701	DistributionYr5Rt
Total Distribution	0.219727	TotalDistributionRt
Average Distribution	0.043945	AverageDistributionRt
Net Vl Noncharitable Assets	$129,101,957	NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets	$5,673,386	AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct	$12,315	NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct	$5,685,701	AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions	$8,659,188	QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Domestic Org Meeting Sect4940e	Yes (X)	DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax	$12,315	InvestmentIncomeExciseTaxAmt
Tax Under Section511	$0	TaxUnderSection511Amt
Subtotal	$12,315	SubtotalAmt
Subtitle A Tax	$0	SubtitleATaxAmt
Tax Based On Investment Income	$12,315	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$45,000	EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits	$45,000	TotalPaymentsAndCreditsAmt
Form2220 Attached	Yes (X)	Form2220AttachedInd
Overpayment	$32,685	OverpaymentAmt
Applied To ES Tax	$32,685	AppliedToESTaxAmt
Refund	$0	RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	0	LegislativePoliticalActyInd
More Than100 Spent	0	MoreThan100SpentInd
Form1120 POL Filed	0	Form1120POLFiledInd
Section4955 Organization Tax	$0	Section4955OrganizationTaxAmt
Section4955 Managers Tax	$0	Section4955ManagersTaxAmt
Tax Reimbursed	$0	TaxReimbursedAmt
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	0	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (1)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (1)	AtLeast5000InAssetsInd
Org Report Or Register State	MA	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (1)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	0	PrivateOperatingFoundationInd
New Substantial Contributors	0	NewSubstantialContributorsInd
Own Controlled Entity	0	OwnControlledEntityInd
Donor Advised Fund	0	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (1)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt
Individual With Books	BLACK RIVER MANAGEMENT CO	IndividualWithBooksNm
Phone	2123030214	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	60 CUTTER MILL RD STE 214	AddressLine1Txt
City	GREAT NECK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11021	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	0	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	0	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	0	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	Yes (1)	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	Yes (1)	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	0	TransferAstDisqualifiedPrsnInd
Payment To Government Official	0	PaymentToGovernmentOfficialInd
Acts Fail To Qlfy As Exceptions	0	ActsFailToQlfyAsExceptionsInd
Uncorrected Prior Acts	0	UncorrectedPriorActsInd
Undistributed Income PY	0	UndistributedIncomePYInd
Business Holdings	0	BusinessHoldingsInd
Jeopardy Investments	0	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	0	UncorrectedPYJeopardyInvstInd
Influence Legislation	0	InfluenceLegislationInd
Influence Election	0	InfluenceElectionInd
Grants To Individuals	0	GrantsToIndividualsInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Noncharitable Purpose	0	NoncharitablePurposeInd
Transactions Fail To Qlfy As Exc	0	TransactionsFailToQlfyAsExcInd
Maintained Expenditure Rspns	Yes (1)	MaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (8 entries)

Address Line1USAddress/AddressLine1Txt	Address Line2USAddress/AddressLine2Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
GILBERT BUTLER
C/O BUTLER CONSERVATION FUND 60	CUTTER MILL ROAD STE 212	GREAT NECK	NY	11021	PRESIDENT & TREASURER	5.00	$0	$0	$0
CHRISTOPHER ELLIMAN
C/O BUTLER CONSERVATION FUND 60	CUTTER MILL ROAD STE 212	GREAT NECK	NY	11021	VICE CHAIR	1.00	$0	$0	$0
ANTHONY P GRASSI
C/O BUTLER CONSERVATION FUND 60	CUTTER MILL ROAD STE 212	GREAT NECK	NY	11021	CHAIRMAN	2.00	$0	$0	$0
PETER LEHNERRESIGNED 03-25-16
C/O BUTLER CONSERVATION FUND 60	CUTTER MILL ROAD STE 212	GREAT NECK	NY	11021	DIRECTOR	0.50	$0	$0	$0
DANA BEACH
C/O BUTLER CONSERVATION FUND 60	CUTTER MILL ROAD STE 212	GREAT NECK	NY	11021	DIRECTOR	3.00	$70,438	$0	$0
KRISTINE TOMPKINS
C/O BUTLER CONSERVATION FUND 60	CUTTER MILL ROAD STE 212	GREAT NECK	NY	11021	DIRECTOR	0.50	$0	$0	$0
TOMER INBAR
C/O BUTLER CONSERVATION FUND 60	CUTTER MILL ROAD STE 212	GREAT NECK	NY	11021	SECRETARY	5.00	$0	$0	$0
DHRUVIKA PATEL AMIN
C/O BUTLER CONSERVATION FUND 60	CUTTER MILL ROAD STE 212	GREAT NECK	NY	11021	VP OF ACCOUNTING & ADMIN	5.00	$0	$0	$0

Field	Value	IRS element (for citing)
Comp Of Hghst Pd Empl Or NONE	NONE	CompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k	0	OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Service TypeServiceTypeTxt	CompensationCompensationAmt
BLACK RIVER MANAGEMENT CO
60 CUTTER MILL ROAD STE 214	GREAT NECK	NY	11021	ADVISORY SERVICES/ADMINISTRATIVE	$1,137,139
PATTERSON BELKNAP WEBB & TYLER
1133 AVENUE OF THE AMERICAS	NEW YORK	NY	10036	LEGAL	$162,852
DANA BEACH
60 CUTTER MILL ROAD STE 212	GREAT NECK	NY	11021	CONSULTING FEES	$70,438
GRASSI & CO
488 MADISON AVENUE	NEW YORK	NY	10022	ACCOUNTING FEES	$62,223
VULCAN VALUE PARTNERS
2801 HIGHWAY 380 SOUTH STE 300	BIRMINGHAM	AL	35223	INVESTMENT MANAGEMENT FEES	$40,131

Field	Value	IRS element (for citing)
Contractor Paid Over50k	0	ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$130,967,073	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$100,904	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$0	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$131,067,977	TotalFMVOfUnusedAssetsAmt
Reduction Claimed	$0	ReductionClaimedAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$131,067,977	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$1,966,020	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$129,101,957	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$6,455,098	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$6,455,098	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$12,315	TaxBasedOnInvestmentIncomeAmt
Total Tax	$12,315	TotalTaxAmt
Distributable Before Adj	$6,442,783	DistributableBeforeAdjAmt
Recoveries Qualfied Distri	$0	RecoveriesQualfiedDistriAmt
Distributable Before Ded	$6,442,783	DistributableBeforeDedAmt
Deduction From Distributable	$0	DeductionFromDistributableAmt
Distributable As Adjusted	$6,442,783	DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$8,659,188	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Qualifying Distributions	$8,659,188	QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm	$12,315	PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri	$8,646,873	AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$6,442,783	DistributableAsAdjustedAmt
Undistributed Income PY	$3,948,477	UndistributedIncomePYAmt
Total For Prior Years	$0	TotalForPriorYearsAmt
Total Excess Distribution Cyov	$0	TotalExcessDistributionCyovAmt
Qualifying Distributions	$8,659,188	QualifyingDistributionsAmt
Applied To Year1	$3,948,477	AppliedToYear1Amt
Applied To Prior Years	$0	AppliedToPriorYearsAmt
Treated As Distri From Corpus	$0	TreatedAsDistriFromCorpusAmt
Applied To Current Year	$4,710,711	AppliedToCurrentYearAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$0	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$0	ExcessDistributionCyovAppCYAmt
Total Corpus	$0	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax	$0	PriorYearDeficiencyOrTaxAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$1,732,072	UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3	$0	CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5	$0	ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr	$0	ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	GILBERT BUTLER	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (51 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line1RecipientForeignAddress/AddressLine1Txt	CityRecipientForeignAddress/CityNm	CountryRecipientForeignAddress/CountryCd	Foreign PostalRecipientForeignAddress/ForeignPostalCd
ADIRONDACK COUNCIL
103 HAND AVENUE SUITE 3	ELIZABETHTOWN	NY	12932	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$5,000
ADIRONDACK EXPLORER - GET THE WORD OUT
36 CHURCH STREET	SARANAC LAKE	NY	12983	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$2,000
AMERICAN RIVERS
1101 14TH STREET NW SUITE 1400	WASHINGTON	DC	20005	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$126,577
APPALACHIAN MOUNTAIN CLUB
5 JOY STREET	BOSTON	MA	02108	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$12,821
BANCO DE BOSQUES
				NONE	FOREIGN CHARITY	ENVIRONMENTAL	$500,000	LA PAMPA 3285 PISO 5	BUENOS AIRES	AR
BARNSTABLE LAND TRUST
PO BOX 224	CONTUIT	MA	02635	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$2,000
BUFFALO FIELD CAMPAIGN
PO BOX 957	WEST YELLOWSTONE	MT	59758	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$2,000
BUTLER OUTDOOR EDUCATION FUND
60 CUTTER MILL ROAD SUITE 214	GREAT NECK	NY	11021	NONE	PRIVATE FOUNDATION	ENVIRONMENTAL	$1,148,000
COASTAL MOUNTAINS LAND TRUST
101 MOUNT BATTIE STREET	CAMDEN	ME	04843	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$25,000
CONSERVACION PATAGONICA - MARIN COMMUNITY FOUNDATION
5 HAMILTON LANDING SUITE 200	NOVATO	CA	94949	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$206,129
CONSERVATION LAND TRUST ARGENTINA
1606 UNION STREET	SAN FRANCISCO	CA	94123	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$91,190
CONSERVATION LAW FOUNDATION
62 SUMMER STREET	BOSTON	MA	02110	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$16,000
CONSERVATION VOTERS OF SOUTH CAROLINA
PO BOX 50632	COLUMBIA	SC	29250	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$10,000
DOWNEAST COASTAL CONSERVANCY
PO BOX 760	MACHIAS	ME	04654	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$10,076
EARTHJUSTICE
48 WALL STREET 19TH FLOOR	NEW YORK	NY	10005	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$102,387
ENVIRONMENTAL DEFENSE FUND
301 CONGRESS AVENUE SUITE 1300	AUSTIN	TX	78701	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$47,000
FRANKFURT ZOOLOGICAL SOCIETY -US
3810 ARGYLE TERRACE NW	WASHINGTON	DC	20011	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$50,600
FREEDOM HISTORICAL SOCIETY
52 PLEASANT STREET	FREEDOM	ME	04941	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$25,000
FRIENDS OF ACADIA
PO BOX 45	BAR HARBOR	ME	04069	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$5,000
GREATER YELLOWSTONE COALITION
215 SOUTH WALLACE AVENUE	BOZEMAN	MT	59715	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$2,000
GREENPEACE FUND INC
702 H STREET NW SUITE 300	WASHINGTON	DC	20001	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$106,651
IDAHO CONSERVATION LEAGUE
PO BOX 844	BOISE	ID	83701	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$10,000
LAND TRUST ALLIANCE
1660 L STREET NW SUITE 1100	WASHINGTON	DC	20036	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$64,286
LEWA WILDLIFE CONSERVANCY USA
495 MILLER AVENUE SUITE 301	MILL VALLEY	CA	94941	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$3,000
LOW COUNTRY OPEN LAND TRUST
80 ALEXANDER STREET	CHARLESTON	SC	29403	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$11,836
LUBERON NATURE
				NONE	FOREIGN CHARITY	ENVIRONMENTAL	$6,000	276 RUE DE LA REPUBLIQUE	GOULT	FR	84220
MAINE COMMUNITY FOUNDATION
245 MAIN STREET	ELLSWORTH	ME	046051613	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$288,463
MID-COAST CONSERVANCY
36 WATER STREET	WISCASSET	ME	04578	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$25,000
MISSION BLUE
PO BOX 6882	NAPA	CA	94581	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$2,000
MOHONK PRESERVE
PO BOX 715	NEW PALTZ	NY	12561	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$250
NATURAL RESOURCES COUNCIL OF MAINE
3 WADE STREET	AUGUSTA	ME	04330	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$10,000
NATURAL RESOURCES DEFENSE COUNCIL
40 WEST 20TH STREET	NEW YORK	NY	10068	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$202,079
NATURE CONSERVANCY
PO BOX 65	KEENE VALLEY	NY	12943	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$75,000
NEW YORK BOTANICAL GARDEN
2900 SOUTHERN BOULEVARD	BRONX	NY	10458	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$5,000
OCEAN CONSERVANCY
1300 19TH STREET NW 8TH FLOOR	WASHINGTON	DC	20036	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$1,000
ONE HUNDRED MILES
PO BOX 2056	BRUNSWICK	GA	31521	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$25,000
PENOBSCOT NATION
12 WABANAKI WAY	INDIAN ISLAND	ME	04468	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$17,750
SC COASTAL CONSERVATION LEAGUE
328 EAST BAY STREET	CHARLESTON	SC	29402	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$101,968
SEA SHEPHERD CONSERVATION SOCIETY
PO BOX 8628	ALEXANDRIA	VA	22306	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$2,000
SOUTH CAROLINA ENVIRONMENTAL LAW PROJECT
902 NORTH ST	BEAUFORT	SC	29902	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$10,000
SOUTHERN ENVIRONMENTAL LAW CENTER
201 WEST MAIN STREET SUITE 14	CHARLOTTESVILLE	VA	22902	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$76,319
SOUTHERN UTAH WILDERNESS ALLIANCE (SUWA)
425 EAST 100	S SALT LAKE CITY	UT	84111	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$7,000
THE 5 GYRES INSTITUTE
5792 WEST JEFFERSON BOULEVARD	LOS ANGELES	CA	90016	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$1,000
THREE BAYS PRESERVATION INC
864 MAIN STREET PO BOX 215	OSTERVILLE	MA	02655	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$2,000
TREES FOR HOUSTON
PO BOX 270477	HOUSTON	TX	77277	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$5,000
TREES WATER & PEOPLE
633 REMINGTON STREET	FORT COLLINS	CO	80524	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$2,000
WATERKEEPER ALLIANCE
50 S BUCKHOUT STREET SUITE 302	IRVINGTON	NY	10533	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$63,399
WEST HIGHLAND COASTAL TRUST
				NONE	FOREIGN CHARITY	ENVIRONMENTAL	$732	50 LOTHIAN ROAD FESTIVAL SQUARE	EDINBURGH	UK	EH39WJ
WILDERNESS SOCIETY
1615 M STREET NW	WASHINGTON	DC	20036	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$25,000
WILDLIFE CONSERVATION SOCIETY
2300 SOUTHERN BOULEVARD	BRONX	NY	10460	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$331,413
WORLD MONUMENTS FUND
350 FIFTH AVENUE STE 2412	NEW YORK	NY	10118	NONE	PUBLIC CHARITY	ENVIRONMENTAL	$128,797

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$3,998,723	TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut	$0	TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$1,087,280	ExclusionAmt

Other Investment Incm Part VII OtherInvestmentIncmPartVIIGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$146,641	ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	$1,610,443	ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Unrelated Business Taxbl Incm	$0	UnrelatedBusinessTaxblIncmAmt
Exclusion	$2,844,364	ExclusionAmt
Related Or Exempt Function Incm	$0	RelatedOrExemptFunctionIncmAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	$2,844,364	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	0	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	0	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	0	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	0	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	0	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	0	ReimbursementArrangementsInd
Loans Or Loan Guarantees	0	LoansOrLoanGuaranteesInd
Performance Of Services Etc	0	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	0	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	0	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	GILBERT BUTLER	BusinessNameLine1Txt

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	1040 FIFTH AVENUE 11-12C	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10028	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$70,000	TotalContributionsAmt
Person Contribution	Yes (X)	PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

Field	Value	IRS element (for citing)
Category	ACCOUNTING FEES	CategoryTxt
Amt	$101,025	Amt
Net Investment Income	$50,512	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$50,513	DisbursementsCharitablePrpsAmt

Expenditure Responsibility Stmt ExpenditureResponsibilityStmt

Expenditure Responsibility ExpenditureResponsibilityGrp (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	GrantGrantDt	GrantGrantAmt	Purpose Of GrantPurposeOfGrantTxt	Any Diversion By GranteeAnyDiversionByGranteeTxt	Dates Of Reports By GranteeDatesOfReportsByGranteeTxt	VerificationVerificationDt	Results Of VerificationResultsOfVerificationTxt	Address Line1ForeignAddress/AddressLine1Txt	CityForeignAddress/CityNm	CountryForeignAddress/CountryCd	Foreign PostalForeignAddress/ForeignPostalCd
BUTLER OUTDOOR EDUCATION FUND
60 CUTTER MILL ROAD SUITE 214	GREAT NECK	NY	11021	2016-12-31	$1,148,000	TO FUND OUTDOOR EDUCATION FOR SCHOOL AGED CHILDREN IN MAINE, UPSTATE NEW YORK, AND SOUTH CAROLINA	TO THE FOUNDATION'S KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION	05/15/2017	2017-05-15	ON MAY 15, 2017, THE GRANTEE PROVIDED THE FOUNDATION WITH A FINAL REPORT WITH RESPECT TO ALL EXPENDITURES MADE FROM THE GRANT FUNDS AND INDICATING THE PROGRESS MADE TOWARD THE GOALS OF THE GRANT.
WEST HIGHLAND COASTAL TRUST
				2016-12-31	$732	TO FUND CONSERVATION ACTIVITIES IN SCOTLAND	TO THE FOUNDATION'S KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION	05/15/2017	2017-05-15	ON MAY 15, 2017, THE GRANTEE PROVIDED THE FOUNDATION WITH A FINAL REPORT WITH RESPECT TO ALL EXPENDITURES MADE FROM THE GRANT FUNDS AND INDICATING THE PROGRESS MADE TOWARD THE GOALS OF THE GRANT.	50 LOTHIAN ROAD FESTIVAL SQUARE	EDINBURGH	UK	EH39WJ
BANCO DE BOSQUES
				2016-12-31	$500,000	TO FUND CONSERVATION ACTIVITIES IN ARGENTINA.	TO THE FOUNDATION'S KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION	05/15/17	2017-05-15	ON MAY 15, 2017, THE GRANTEE PROVIDED THE FOUNDATION WITH A FINAL REPORT WITH RESPECT TO ALL EXPENDITURES MADE FROM THE GRANT FUNDS AND INDICATING THE PROGRESS MADE TOWARD THE GOALS OF THE GRANT.	LA PAMPA 3285 PISO 5	BUENOS AIRES	AR
LUBERON NATURE
				2016-12-31	$6,000	TO FUND CONSERVATION ACTIVITIES IN FRANCE.	TO THE FOUNDATION'S KNOWLEDGE, THE GRANTEE HAS NOT DIVERTED ANY PORTION	5/15/17	2017-05-15	ON MAY 15, 2017, THE GRANTEE PROVIDED THE FOUNDATION WITH A FINAL REPORT WITH RESPECT TO ALL EXPENDITURES MADE FROM THE GRANT FUNDS AND INDICATING THE PROGRESS MADE TOWARD THE GOALS OF THE GRANT.	276 RUE DE LA REPUBLIQUE	GOULT	FR	84220

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (5 entries)

StockStockNm	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
MASTER LIMITED PARTNERSHIPS	$31,735,918	$31,735,918
OTHER INVESTMENTS	$4,242,656	$4,242,656
GLOBAL HIGH YIELD SECURITIES/ETF	$1,565,827	$1,565,827
	$0	$0
INVESTMENTS IN REITS	$546,049	$546,049

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Field	Value	IRS element (for citing)
Category Or Item	PARTNERSHIP INVESTMENTS & MONEY MANAGERS	CategoryOrItemTxt
Listed At Cost Or FMV	FMV	ListedAtCostOrFMVCd
Book Value	$16,538,457	BookValueAmt
EOYFMV	$16,538,457	EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

Field	Value	IRS element (for citing)
Category	LEGAL FEES	CategoryTxt
Legal Fees	$162,852	LegalFeesAmt
Net Investment Income	$81,426	NetInvestmentIncomeAmt
Disbursements Charitable Prps	$81,426	DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp (5 entries)

DescDesc	BOY Book ValueBOYBookValueAmt	EOY Book ValueEOYBookValueAmt	EOYFMVEOYFMVAmt
SECURITY DEPOSIT - GREAT NECK	$7,308	$7,308	$7,308
RECEIVABLE FROM BROKERS	$20,839	$68,804	$68,804
INTEREST RECEIVABLE	$4,980	$7,749	$7,749
OTHER RECEIVABLE	$1,416	$2,659	$2,659
INVESTMENTS REDEMPTION RECEIVABLE	$3,373,609	$0	$0

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
OFFICE EXPENSES	$140,530	$70,265	$70,265
BANK FEES	$274	$274	$0
CHARITABLE RELATED EXPENSES	$10,182	$0	$10,182
LANDSCAPE CONSERVATION PROJECT EXPENSES	$3,913,036	$0	$3,913,036

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (3 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Net Investment IncomeNetInvestmentIncomeAmt	Adjusted Net IncomeAdjustedNetIncomeAmt
ROYALTY FROM PASSTHROUGH ENTITIES	$2,239	$2,239	$2,239
INCOME FROM FLOW THROUGH PARTNERSHIPS	$144,296	$144,296	$144,296
OTHER INCOME	$106	$106	$106

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	UNREALIZED GAIN/(LOSS) ON INVESTMENTS	Desc
Amt	$3,098,917	Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
INVESTMENT FEES	$1,303,802	$1,303,802	$0
OTHER PROFESSIONAL FEES	$170,369	$18,264	$152,105

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (4 entries)

CategoryCategoryTxt	AmtAmt	Net Investment IncomeNetInvestmentIncomeAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
FOREIGN TAXES	$72,105	$72,105	$0
PROPERTY TAX	$2,695	$0	$2,695
FEDERAL EXCISE TAXES	$30,911	$0	$0
FEDERAL UNRELATED BUSINESS TAX	$786,767	$0	$0