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          <TitleTxt>DIRECTOR P/T</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>11599393</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>3103886</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>9173383</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>23876662</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>23876662</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>358150</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>23518512</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1175926</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1175926</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>11422</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>11422</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1164504</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>1164504</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>1164504</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>1012298</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>1012298</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>1012298</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1164504</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>1000201</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>1012298</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>1000201</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>12097</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>1152407</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>LUDWIG BRAVMANN</ContributingManagerNm>
        <ContributingManagerNm>LOTTE BRAVMANN</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>METROPOLITAN MUSEUM OF ART</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1000 FIFTH AVENUE</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10028</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>170</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERICAN CANCER SOCIETY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>250 WILLIAMS STREET NW</AddressLine1>
            <City>ATLANTA</City>
            <State>GA</State>
            <ZIPCode>30303</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>250</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>UNITED JEWISH APPEAL FEDERATION OF JEWISH PHILANTHROPIES OF NY INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>130 EAST 59TH STREET</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10022</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>150</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>NEW YORK BOTANICAL GARDEN</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2900 SOUTHERN BOULEVARD</AddressLine1>
            <City>BRONX</City>
            <State>NY</State>
            <ZIPCode>10458</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>125</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>HOUSE OF HOPE FOUNDATION INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>820 GREENBRIER CIRCLE SUITE 4A</AddressLine1>
            <City>CHESAPEAKE</City>
            <State>VA</State>
            <ZIPCode>23320</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>HEBREW INSTITUTE FOR THE DEAF AND EXCEPTIONAL CHILDREN</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1401 AVENUE I</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11230</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>DISKIN ORPHAN HOME OF ISRAEL INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1533 44TH STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11219</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>36</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>THE FRIENDS OF THIRTEEN INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>825 EIGHTH AVENUE</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10019</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>AMIT CHILDREN INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>817 BROADWAY 3RD FLOOR</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10003</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>180</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>THE BLUE CARD FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>171 MADISON AVENUE SUITE 1405</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10016</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>YESHIVA RABBI SAMSON RAPHAEL HIRSCH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>100 BENNETT AVENUE</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10033</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>36</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>JEWISH COMMUNAL FUND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>575 MADISON AVENUE SUITE 703</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10022</ZIPCode>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT THEIR EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>1000201</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1001548</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>155711</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <OtherInvestmentIncmPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>15184</ExclusionAmt>
        </OtherInvestmentIncmPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>288145</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>THRU ASCOT PARTNERS L.P.</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-12264</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>THRU OPPENHEIMER ACTIVIST PARTNERS L.P.</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-21589</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>425187</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>425187</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>LOTTE BRAVMANN</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1>3333-B HENRY HUDSON PKWY APT 6E</AddressLine1>
          <City>RIVERDALE</City>
          <State>NY</State>
          <ZIPCode>10463</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>474600</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>LOTTE BRAVMANN</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1>3333-B HENRY HUDSON PKWY APT 6E</AddressLine1>
          <City>RIVERDALE</City>
          <State>NY</State>
          <ZIPCode>10463</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>378240</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>3</ContributorNum>
        <ContributorPersonNm>LOTTE BRAVMANN</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1>3333-B HENRY HUDSON PKWY APT 6E</AddressLine1>
          <City>RIVERDALE</City>
          <State>NY</State>
          <ZIPCode>10463</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>165788</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>4</ContributorNum>
        <ContributorPersonNm>LOTTE BRAVMANN</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1>3333-B HENRY HUDSON PKWY APT 6E</AddressLine1>
          <City>RIVERDALE</City>
          <State>NY</State>
          <ZIPCode>10463</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>74730</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>5</ContributorNum>
        <ContributorPersonNm>LOTTE BRAVMANN</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1>3333-B HENRY HUDSON PKWY APT 6E</AddressLine1>
          <City>RIVERDALE</City>
          <State>NY</State>
          <ZIPCode>10463</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>215588</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>10,000 SHS LOEWS CORP</NoncashPropertyDesc>
        <FairMarketValueAmt>474600</FairMarketValueAmt>
        <ReceivedDt>2013-12-10</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>2</ContributorNum>
        <NoncashPropertyDesc>4,000 SHS CHUBB CORP</NoncashPropertyDesc>
        <FairMarketValueAmt>378240</FairMarketValueAmt>
        <ReceivedDt>2013-12-10</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>3</ContributorNum>
        <NoncashPropertyDesc>2,500 SHS DTE ENERGY CO</NoncashPropertyDesc>
        <FairMarketValueAmt>165788</FairMarketValueAmt>
        <ReceivedDt>2013-12-30</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>4</ContributorNum>
        <NoncashPropertyDesc>2,000 SHS ALTRIA GROUP INC</NoncashPropertyDesc>
        <FairMarketValueAmt>74730</FairMarketValueAmt>
        <ReceivedDt>2013-12-10</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>5</ContributorNum>
        <NoncashPropertyDesc>2,500 SHS ANADARKO PETE CORP</NoncashPropertyDesc>
        <FairMarketValueAmt>215588</FairMarketValueAmt>
        <ReceivedDt>2013-12-10</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>WOLF MARYLES &amp; ASSOCIATES LLC</CategoryTxt>
        <Amt>20000</Amt>
        <NetInvestmentIncomeAmt>10000</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>10000</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GeneralExplanationAttachment documentId="RetDoc2258700001">
      <GeneralExplanationGrp>
        <FormAndLineReferenceDesc>990-PF PART VII-A LINE 12</FormAndLineReferenceDesc>
        <MediumExplanationTxt>THE FOUNDATION TREATED THE DISTRIBUTION TO A DONOR ADVISED FUND AS A QUALIFYING DISTRIBUTION. THE ADVANTAGE OF A DONOR ADVISED FUND IS THE DEDICATED, PROFESSIONAL AND EFFICIENT PERSONAL SERVICE OF THE FUND AND THE ABILITY TO FACILITATE AND PROMOTE CHARITABLE GIVING TO ORGANIZATIONS THAT RESPOND TO NEEDS IN HEALTH, EDUCATION, SOCIAL SERVICES, THE ENVIRONMENT, RELIGION AND THE ARTS.</MediumExplanationTxt>
      </GeneralExplanationGrp>
    </GeneralExplanationAttachment>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorporateBondsGrp>
        <BondNm>SEE SCHEDULE 1 ATTACHED</BondNm>
        <EOYBookValueAmt>183500</EOYBookValueAmt>
        <EOYFMVAmt>1538160</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE SCHEDULE 1 ATTACHED</StockNm>
        <EOYBookValueAmt>8325791</EOYBookValueAmt>
        <EOYFMVAmt>10474422</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ASCOT PARTNERS, L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>20779</BookValueAmt>
        <EOYFMVAmt>20779</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CHESAPEAKE PARTNERS INTERNATIONAL LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1000000</BookValueAmt>
        <EOYFMVAmt>5050379</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OPPENHEIMER ACTIVIST PARTNERS LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>843698</BookValueAmt>
        <EOYFMVAmt>843698</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CEDARVIEW OPPORTUNITIES I, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1000000</BookValueAmt>
        <EOYFMVAmt>1480071</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GOLDMAN SACHS INVESTMENT PARTNERS OFFSHORE LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1000000</BookValueAmt>
        <EOYFMVAmt>1241269</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SUSA EUROPEAN EQUITIES FUND LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1000000</BookValueAmt>
        <EOYFMVAmt>1093828</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BROAD BASED CONSUMER CREDIT FUND (Q) LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>482782</BookValueAmt>
        <EOYFMVAmt>482782</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>NYS FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>750</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>THRU BROAD BASED CONSUMER CREDIT FUND (Q) LP</Desc>
        <RevenueAndExpensesPerBooksAmt>15184</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>15184</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>15184</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>THRU ASCOT PARTNERS L.P.</Desc>
        <RevenueAndExpensesPerBooksAmt>-12264</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-12264</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-12264</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>THRU OPPENHEIMER ACTIVIST PARTNERS L.P.</Desc>
        <RevenueAndExpensesPerBooksAmt>-21589</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-21589</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-21589</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Description>UNREALIZED GAIN THROUGH OPPENHEIMER ACTIVIST PARTNERS L.P.</Description>
        <Amount>177359</Amount>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Description>UNREALIZED GAIN THROUGH BROAD BASED CONSUMER CREDIT FUND (Q) LP</Description>
        <Amount>3500</Amount>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FYE 6-30-13 BALANCE DUE</CategoryTxt>
        <Amt>9612</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FYE 6-30-14 ESTIMATED PAYMENTS</CategoryTxt>
        <Amt>6200</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FYE 6-30-14 990-T ESTIMATED PAYMENT</CategoryTxt>
        <Amt>1200</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FYE 6-30-13 NYS CT-13 BALANCE DUE</CategoryTxt>
        <Amt>703</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FYE 6-30-14 NYS CT-13 ESTIMATED PAYMENT</CategoryTxt>
        <Amt>725</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>