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        <Description1Txt>NONE</Description1Txt>
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        <AllOtherProgramRltdInvstTotAmt referenceDocumentId="RetDoc2063500001">0</AllOtherProgramRltdInvstTotAmt>
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        <DistributableBeforeDedAmt>4560767</DistributableBeforeDedAmt>
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        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
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      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>92ND ST Y</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ANTI-DEFAMATION LEAGUE</BusinessNameLine1Txt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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          </RecipientBusinessName>
          <RecipientUSAddress>
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            <CityNm>NEW YORK</CityNm>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BRANCHES INC</BusinessNameLine1Txt>
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          <RecipientUSAddress>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BREAD FOR THE CITY</BusinessNameLine1Txt>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BREAKTHROUGH MIAMI INC UNITED WAY ANSIN BUILDING</BusinessNameLine1Txt>
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          <RecipientUSAddress>
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            <CityNm>MIAMI</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33129</ZIPCd>
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          <RecipientRelationshipTxt>NA</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATIONAL</GrantOrContributionPurposeTxt>
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        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CARTER BURDEN NETWORK</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
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            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CENTRAL PARK CONSERVANCY INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
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            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CENTRAL SYNAGOGUE</BusinessNameLine1Txt>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>COMMUNITIES IN SCHOOLS OF THE NATIONS CAPITAL INC</BusinessNameLine1Txt>
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            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
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          <GrantOrContributionPurposeTxt>EDUCATIONAL</GrantOrContributionPurposeTxt>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>CORNELL UNIVERSITY</BusinessNameLine1Txt>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>CROHNS &amp; COLITIS FOUNDATION</BusinessNameLine1Txt>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>CYCLE FOR SURVIVAL</BusinessNameLine1Txt>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>DANCING DREAMS</BusinessNameLine1Txt>
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            <CityNm>QUEENS</CityNm>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>FOOD BANK FOR NEW YORK CITY</BusinessNameLine1Txt>
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            <BusinessNameLine1Txt>FOUNDATION FOR NEW EDUCATIONAL INITIATIVES</BusinessNameLine1Txt>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>FUND FOR THE AGED (JEWISH HOME &amp; HOSPITAL FOUNDATION)</BusinessNameLine1Txt>
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            <CityNm>NEW YORK</CityNm>
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            <BusinessNameLine1Txt>GLOBAL CAMPS AFRICA</BusinessNameLine1Txt>
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            <CityNm>LYNCHBURG</CityNm>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>GOD'S LOVE WE DELIVER</BusinessNameLine1Txt>
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            <AddressLine1Txt>166 6TH AVE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>GREATER MIAMI &amp; SOUTH FLORIDA YOUTH AND COMMUNITY INC</BusinessNameLine1Txt>
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            <CityNm>MIRAMAR</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>GREATER MIAMI JEWISH FEDERATION</BusinessNameLine1Txt>
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            <AddressLine1Txt>4200 BISCAYNE BLVD</AddressLine1Txt>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>HARVESTING HOPE INC</BusinessNameLine1Txt>
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            <AddressLine1Txt>204 CEDAR ST STE 102</AddressLine1Txt>
            <CityNm>CAMBRIDGE</CityNm>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>HILLEL - THE FOUNDATION FOR JEWISH CAMPUS LIFE</BusinessNameLine1Txt>
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            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>HILLEL AT CORNELL INC</BusinessNameLine1Txt>
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            <AddressLine1Txt>130 E SENECA STREET SUITE 400</AddressLine1Txt>
            <CityNm>ITHACA</CityNm>
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        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1877145</BookValueAmt>
        <EOYFMVAmt>2351764</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FRANKLIN SQUARE KKR CAPITAL CORP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>5209644</BookValueAmt>
        <EOYFMVAmt>2525669</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FRANKLIN SQUARE RE INC. CL Y</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1563041</BookValueAmt>
        <EOYFMVAmt>1521666</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GOLUB CAPITAL PARTNERS 11</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>873155</BookValueAmt>
        <EOYFMVAmt>873155</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MORGAN STANLEY #761-143702 (BLACKSTONE R/E)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>998463</BookValueAmt>
        <EOYFMVAmt>2211533</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MORGAN STANLEY 052-163655-904-TCB BDC II (CARLYLE)</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2175847</BookValueAmt>
        <EOYFMVAmt>1973794</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
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      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>1810321</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1810321</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>ACCOUNT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>405</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>405</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>AUTO EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>185</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>185</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISC CHARITY</Desc>
        <RevenueAndExpensesPerBooksAmt>5</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES &amp; SUBS</Desc>
        <RevenueAndExpensesPerBooksAmt>1274</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1274</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>8123</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>8123</DisbursementsCharitablePrpsAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>MEMBERSHIP FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>5096</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5096</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NON-DEDUCTIBLE EXP</Desc>
        <RevenueAndExpensesPerBooksAmt>18</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NY STATE FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>1500</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1500</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>9929</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>9929</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PAYROLL PROCESSING</Desc>
        <RevenueAndExpensesPerBooksAmt>2041</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2041</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>LITIGATION INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>1184</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1184</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1184</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>L.P. K-1 FLOW THRU AMOUNT</Desc>
        <RevenueAndExpensesPerBooksAmt>81597</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>81597</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>81597</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>L.P. K-1 FLOW THRU AMOUNT ROYALTY INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>25</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>25</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilitiesDetail>
        <Desc>CREDIT CARD PAYABLE</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>2131</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CONSULTING FEES-PENSION ADVISOR</CategoryTxt>
        <Amt>25000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>25000</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISORY FEES</CategoryTxt>
        <Amt>340287</Amt>
        <NetInvestmentIncomeAmt>340287</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX</CategoryTxt>
        <Amt>46569</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
        <Amt>8195</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>8195</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN WITHHOLDING TAXES</CategoryTxt>
        <Amt>25410</Amt>
        <NetInvestmentIncomeAmt>25410</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>