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          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SUSAN Z MANDEL</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O CUMMINGS LOCKWOOD PO BOX 2505</AddressLine1Txt>
            <CityNm>GREENWICH</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06836</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>MEGHAN LOWNEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>1210 POST ROAD</AddressLine1Txt>
            <CityNm>FAIRFIELD</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06824</ZIPCd>
          </USAddress>
          <TitleTxt>EXECUTIVE DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>238391</CompensationAmt>
          <EmployeeBenefitsAmt>6621</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>NICOLE LINDSAY</PersonNm>
          <USAddress>
            <AddressLine1Txt>1210 POST ROAD</AddressLine1Txt>
            <CityNm>FAIRFIELD</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06824</ZIPCd>
          </USAddress>
          <TitleTxt>DEPUTY DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>160466</CompensationAmt>
          <EmployeeBenefitsAmt>4421</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>GIANA L GLEESON</PersonNm>
          <USAddress>
            <AddressLine1Txt>1210 POST ROAD</AddressLine1Txt>
            <CityNm>FAIRFIELD</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06824</ZIPCd>
          </USAddress>
          <TitleTxt>FELLOW</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>63269</CompensationAmt>
          <EmployeeBenefitsAmt>0</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>ALISON S LUBIN</PersonNm>
          <USAddress>
            <AddressLine1Txt>1210 POST ROAD</AddressLine1Txt>
            <CityNm>FAIRFIELD</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06824</ZIPCd>
          </USAddress>
          <TitleTxt>FELLOW</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>58750</CompensationAmt>
          <EmployeeBenefitsAmt>0</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>HERNANDEZ D STROUD</PersonNm>
          <USAddress>
            <AddressLine1Txt>1210 POST ROAD</AddressLine1Txt>
            <CityNm>FAIRFIELD</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06824</ZIPCd>
          </USAddress>
          <TitleTxt>FELLOW</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>58750</CompensationAmt>
          <EmployeeBenefitsAmt>0</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <OtherEmployeePaidOver50kCnt>2</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>SOCIAL STRATEGY ASSOCIATES LLC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>4615 CENTER BLVD 2407</AddressLine1Txt>
            <CityNm>LONG ISLAND CITY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11109</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>CONSULTING</ServiceTypeTxt>
          <CompensationAmt>107599</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>ZICHAL INC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>818 CONNECTICUT AVENUE NW SUITE 200</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20006</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>ENVIRONMENT INITIATIVECONSULTING</ServiceTypeTxt>
          <CompensationAmt>166553</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>THE GLOVER PARK GROUP LLC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>1025 F STREET NW 9TH FLOOR</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20004</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>ENVIRONMENT INITIATIVECONSULTING</ServiceTypeTxt>
          <CompensationAmt>514996</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>FELLOWSHIP PROGRAM - THE FOUNDATION EMPLOYED INDIVIDUALS TOCONDUCT RESEARCH AND ANALYSIS IN COORDINATION WITH, AND FORTHE BENEFIT OF, THE STATE OF CONNECTICUT.</Description1Txt>
        <Expenses1Amt>611217</Expenses1Amt>
        <Description2Txt>ENVIRONMENT INITIATIVE - THE FOUNDATION HAS MADE INVESTMENTS INPUBLIC AWARENESS EFFORTS THAT SEEK TO STOP AND REVERSECLIMATE CHANGE.</Description2Txt>
        <Expenses2Amt>949894</Expenses2Amt>
        <Description3Txt>EDUCATION INITIATIVE - PROGRAM TO IMPROVE K-12 EDUCATION IN THESTATE OF CONNECTICUT TO ELIMINATE THE ACHIEVEMENT GAP; WORKEDWITH ORGANIZATIONS TO DEVELOP AND IMPLEMENT PLANS.</Description3Txt>
        <Expenses3Amt>237549</Expenses3Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>928288913</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1899018</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>62268</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>930250199</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>930250199</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>13953753</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>916296446</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>45814822</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>45814822</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>212867</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>212867</TotalTaxAmt>
        <DistributableBeforeAdjAmt>45601955</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>45601955</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>45601955</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>48682471</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>48682471</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>212867</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>48469604</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>45601955</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr3Amt>518130</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>1340988</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>12206389</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>14065507</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>48682471</QualifyingDistributionsAmt>
        <RemainingDistriFromCorpusAmt>48682471</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>45601955</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>45601955</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>17146023</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>17146023</ExcessDistriCyovToNextYrAmt>
        <ExcessFromCurrentYearAmt>17146023</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>STEPHEN F MANDEL JR</ContributingManagerNm>
        <ContributingManagerNm>SUSAN Z MANDEL</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FIDELITY CHARITABLE GIFT FUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 770001</AddressLine1Txt>
            <CityNm>CINCINNATI</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>45277</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>EXEMPT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLETO FUNDPROGRAMS</GrantOrContributionPurposeTxt>
          <Amt>46068000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <Amt>0</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FAIRFIELD COUNTY'S COMMUNITY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>383 MAIN STREET</AddressLine1Txt>
            <CityNm>NORWALK</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06851</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>EXEMPT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PARENT ORGANIZINGTO SUPPORTPROGRAM</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <Amt>0</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FAITHACTS FOR EDUCATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>285 FAIRFIELD AVE</AddressLine1Txt>
            <CityNm>BRIDGEPORT</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06604</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>EXEMPT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PARENT ORGANIZINGTO SUPPORTPROGRAM</GrantOrContributionPurposeTxt>
          <Amt>9708</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>46177708</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1088</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2875517</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>21173621</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>24050226</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>24050226</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>
    <IRS990ScheduleB documentId="00000002">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>STEPHEN AND SUSAN MANDEL</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>C/O CUMMINGS AND LOCKWOOD PO BOX 25</AddressLine1Txt>
          <CityNm>GREENWICH</CityNm>
          <StateAbbreviationCd>CT</StateAbbreviationCd>
          <ZIPCd>06836</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>52000000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="00000004">
      <AccountingFeesDetail>
        <CategoryTxt>STEVEN MOSKOWITZ CPA PC ACCOUNTING AND TAX SERVICES</CategoryTxt>
        <Amt>14370</Amt>
        <NetInvestmentIncomeAmt>7185</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7185</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>CAROL MAVILLA BOOKKEEPING SERVICES</CategoryTxt>
        <Amt>3935</Amt>
        <NetInvestmentIncomeAmt>1968</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1967</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="00000005">
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE AND FIXTURES</PropertyDesc>
        <AcquiredDt>2012-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>22572</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>15521</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.00</LifeRt>
        <CurrentYearExpenseAmt>2015</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE AND FIXTURES 2013</PropertyDesc>
        <AcquiredDt>2013-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>20171</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>11350</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.00</LifeRt>
        <CurrentYearExpenseAmt>2520</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SOFTWARE</PropertyDesc>
        <AcquiredDt>2013-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>18973</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>15810</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>3.00</LifeRt>
        <CurrentYearExpenseAmt>3162</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE &amp; FIXTURES 2014</PropertyDesc>
        <AcquiredDt>2014-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>31040</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>12036</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.00</LifeRt>
        <CurrentYearExpenseAmt>5430</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SOFTWARE 2014</PropertyDesc>
        <AcquiredDt>2014-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>11880</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5940</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>3.00</LifeRt>
        <CurrentYearExpenseAmt>3960</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE AND FIXTURES 2015</PropertyDesc>
        <AcquiredDt>2015-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>17277</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2468</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.00</LifeRt>
        <CurrentYearExpenseAmt>4231</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SOFTWARE 2015</PropertyDesc>
        <AcquiredDt>2015-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>12886</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2148</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>3.00</LifeRt>
        <CurrentYearExpenseAmt>4295</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SOFTWARE 2016</PropertyDesc>
        <AcquiredDt>2015-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>13317</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>3.00</LifeRt>
        <CurrentYearExpenseAmt>2220</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <GainLossSaleOtherAssetsSch documentId="00000006">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>486.35 SHARES LONE CEDAR</AssetDesc>
        <AcquiredDt>2013-05</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-07</SoldDt>
        <GrossSalesPriceAmt>5006000</GrossSalesPriceAmt>
        <BasisAmt>2542252</BasisAmt>
        <TotalNetAmt>2463748</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>447.8 SHARES LONE CEDAR</AssetDesc>
        <AcquiredDt>2013-05</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-10</SoldDt>
        <GrossSalesPriceAmt>4454000</GrossSalesPriceAmt>
        <BasisAmt>2340759</BasisAmt>
        <TotalNetAmt>2113241</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>464.24 SHARES LONE CEDAR</AssetDesc>
        <AcquiredDt>2013-05</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2016-01</SoldDt>
        <GrossSalesPriceAmt>4893000</GrossSalesPriceAmt>
        <BasisAmt>2426686</BasisAmt>
        <TotalNetAmt>2466314</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>398.56 SHARES LONE CEDAR</AssetDesc>
        <AcquiredDt>2013-05</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2016-04</SoldDt>
        <GrossSalesPriceAmt>3872000</GrossSalesPriceAmt>
        <BasisAmt>2083331</BasisAmt>
        <TotalNetAmt>1788669</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>5422.16 SHARES LONE PINON</AssetDesc>
        <AcquiredDt>2013-05</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-07</SoldDt>
        <GrossSalesPriceAmt>4751000</GrossSalesPriceAmt>
        <BasisAmt>3562367</BasisAmt>
        <TotalNetAmt>1188633</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>5231.35 SHARES LONE PINON</AssetDesc>
        <AcquiredDt>2013-05</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-10</SoldDt>
        <GrossSalesPriceAmt>4237000</GrossSalesPriceAmt>
        <BasisAmt>3292836</BasisAmt>
        <TotalNetAmt>944164</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>5519.82 SHARES LONE PINON</AssetDesc>
        <AcquiredDt>2013-05</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2016-01</SoldDt>
        <GrossSalesPriceAmt>4612000</GrossSalesPriceAmt>
        <BasisAmt>3396957</BasisAmt>
        <TotalNetAmt>1215043</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>5095.76 SHARES LONE PINON</AssetDesc>
        <AcquiredDt>2013-05</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2016-04</SoldDt>
        <GrossSalesPriceAmt>3657000</GrossSalesPriceAmt>
        <BasisAmt>2917706</BasisAmt>
        <TotalNetAmt>739294</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>FROM PASS THRU ENTITY - LONE CASCADE</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-12</SoldDt>
        <GrossSalesPriceAmt>5858470</GrossSalesPriceAmt>
        <TotalNetAmt>5858470</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>FROM PASS THRU ENTITY - LONE PICEA</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-12</SoldDt>
        <GrossSalesPriceAmt>1250416</GrossSalesPriceAmt>
        <TotalNetAmt>1250416</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>FROM PASS THRU ENTITY - LONE TAMARACK</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-12</SoldDt>
        <GrossSalesPriceAmt>1145629</GrossSalesPriceAmt>
        <TotalNetAmt>1145629</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="00000007">
      <InvestmentsCorporateStockGrp>
        <StockNm>SHARES OF LONE CEDAR LTD</StockNm>
        <EOYBookValueAmt>69848472</EOYBookValueAmt>
        <EOYFMVAmt>327742571</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SHARES OF LONE PINON LTD</StockNm>
        <EOYBookValueAmt>126134756</EOYBookValueAmt>
        <EOYFMVAmt>309669166</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LONE CASCADE LP</StockNm>
        <EOYBookValueAmt>156061553</EOYBookValueAmt>
        <EOYFMVAmt>159959634</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LONE PICEA LP</StockNm>
        <EOYBookValueAmt>67658579</EOYBookValueAmt>
        <EOYFMVAmt>72767564</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LONE TAMARACK LP</StockNm>
        <EOYBookValueAmt>55623427</EOYBookValueAmt>
        <EOYFMVAmt>64820057</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="00000008">
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE AND FIXTURES</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>91060</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>55571</AccumulatedDepreciationAmt>
        <BookValueAmt>35489</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>SOFTWARE EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>57056</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>37535</AccumulatedDepreciationAmt>
        <BookValueAmt>19521</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="00000009">
      <LegalFeesGrp>
        <CategoryTxt>CUMMINGS &amp; LOCKWOOD LEGAL</CategoryTxt>
        <LegalFeesAmt>2803</LegalFeesAmt>
        <NetInvestmentIncomeAmt>1402</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1401</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
      <LegalFeesGrp>
        <CategoryTxt>BRODY WILKINSON LEGAL</CategoryTxt>
        <LegalFeesAmt>3995</LegalFeesAmt>
        <NetInvestmentIncomeAmt>1998</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1997</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
      <LegalFeesGrp>
        <CategoryTxt>COILEVITZ &amp; CANTER LEGAL</CategoryTxt>
        <LegalFeesAmt>2493</LegalFeesAmt>
        <NetInvestmentIncomeAmt>1246</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1247</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="00000010">
      <OtherAssetsScheduleGrp>
        <Desc>MISCELLANEOUS RECEIVABLE</Desc>
        <BOYBookValueAmt>9066</BOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000011">
      <OtherAssetsScheduleGrp>
        <Desc>MISCELLANEOUS RECEIVABLE</Desc>
        <BOYBookValueAmt>9066</BOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000012">
      <OtherAssetsScheduleGrp>
        <Desc>MISCELLANEOUS RECEIVABLE</Desc>
        <BOYBookValueAmt>9066</BOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="00000013">
      <OtherExpensesScheduleGrp>
        <Desc>COMMUNICATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>12319</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>12319</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ENVIRONMENT INITIATIVE</Desc>
        <RevenueAndExpensesPerBooksAmt>949894</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>949894</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EDUCATION INITIATIVE</Desc>
        <RevenueAndExpensesPerBooksAmt>237549</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>237549</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FELLOWSHIP PROGRAM</Desc>
        <RevenueAndExpensesPerBooksAmt>611217</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>611217</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>9324</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>9324</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>264</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>264</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER OPERATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>43561</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>43561</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PAYROLL PROCESSING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>2626</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2626</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PUBLIC RELATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>4269</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>4269</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>4466</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>4466</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER PORTFOLIO DEDUCTIONS FROM PASS THRU ENTITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>104332</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>104332</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER LOSS FROM PASS THRU ENTITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>536789</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>536789</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="00000014">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MACKEY &amp; GUASCO RECRUITMENT</CategoryTxt>
        <Amt>18750</Amt>
        <DisbursementsCharitablePrpsAmt>18750</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ON RAMPS RECRUITMENT</CategoryTxt>
        <Amt>24195</Amt>
        <DisbursementsCharitablePrpsAmt>24195</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>VARIOUS RECRUITMENT</CategoryTxt>
        <Amt>605</Amt>
        <DisbursementsCharitablePrpsAmt>605</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MCDOWELL JEWETT COMMUNICATIONS COMMUNICATIONS</CategoryTxt>
        <Amt>30000</Amt>
        <DisbursementsCharitablePrpsAmt>30000</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MINDS ON DESIGN WEB DESIGN</CategoryTxt>
        <Amt>28250</Amt>
        <DisbursementsCharitablePrpsAmt>28250</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>RICH LEIMSIDER FELLOWSHIP</CategoryTxt>
        <Amt>17500</Amt>
        <DisbursementsCharitablePrpsAmt>17500</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>SOCIAL STRATEGY ASSOCIATES CONSULTING</CategoryTxt>
        <Amt>40000</Amt>
        <DisbursementsCharitablePrpsAmt>40000</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>VELEGANT INC CONSULTING</CategoryTxt>
        <Amt>1875</Amt>
        <DisbursementsCharitablePrpsAmt>1875</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER CONSULTING</CategoryTxt>
        <Amt>67</Amt>
        <DisbursementsCharitablePrpsAmt>67</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="00000015">
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAXES</CategoryTxt>
        <Amt>310000</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES PAID</CategoryTxt>
        <Amt>252498</Amt>
        <NetInvestmentIncomeAmt>252498</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
        <Amt>68148</Amt>
        <DisbursementsCharitablePrpsAmt>68148</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>