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        <AverageMonthlyFMVOfSecAmt>14811665</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1560367</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>18646307</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>35018339</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>35018339</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>525275</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>34493064</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1724653</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1724653</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>32991</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>32991</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1691662</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>1691662</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>1691662</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>3267281</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>3267281</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1691662</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2022</PriorYear1Yr>
        <PriorYear2Yr>2021</PriorYear2Yr>
        <PriorYear3Yr>2020</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>1694871</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>1056528</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr2Amt>599295</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>782402</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>4133096</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>3267281</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>1691662</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>1575619</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>5708715</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>1694871</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>4013844</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>1056528</ExcessFromYear4Amt>
        <ExcessFromYear2Amt>599295</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>782402</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>1575619</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp></PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>ELBRIDGE H DEBRA E STUART</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>The Parasol Tahoe Community Foundation Inc</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>948 INCLINE WAY</AddressLine1Txt>
            <CityNm>INCLINE VILLAGE</CityNm>
            <StateAbbreviationCd>NV</StateAbbreviationCd>
            <ZIPCd>89451</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>3260030</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>3260030</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DividendsAndInterestFromSecDtl>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>33</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>722479</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>32959</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncomeGrp />
        <GainSalesAstOthThanInvntryGrp>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>1828</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>2094277</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>PARTNERSHIP INCOME</Desc>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>695</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>01</ExclusionCd>
          <ExclusionAmt>39986</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OTHER INCOME</Desc>
          <ExclusionCd>01</ExclusionCd>
          <ExclusionAmt>-410</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>EXCISE TAX REFUND</Desc>
          <ExclusionCd>01</ExclusionCd>
          <ExclusionAmt>85948</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>2556</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>2975239</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>2977795</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEE</CategoryTxt>
        <Amt>35575</Amt>
        <NetInvestmentIncomeAmt>31918</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>3557</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <ContractorCompensationExpln documentId="ContractCompenExpln">
      <ContractorCompExplnGrp>
        <ContractorPersonNm>HALL CAPITAL PARTNERS LLC</ContractorPersonNm>
        <ExplanationTxt>INVESTMENT MANAGEMENT SERVICES</ExplanationTxt>
      </ContractorCompExplnGrp>
      <ContractorCompExplnGrp>
        <ContractorPersonNm>PAUL SHOEMAKER INC</ContractorPersonNm>
        <ExplanationTxt>CONSULTING SERVICES</ExplanationTxt>
      </ContractorCompExplnGrp>
    </ContractorCompensationExpln>
    <DepreciationSchedule documentId="DepreciationSch">
      <DepreciationPropertyGrp>
        <PropertyDesc>LAND</PropertyDesc>
        <AcquiredDt>2000-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>10408211</CostOrOtherBasisAmt>
        <ComputationMethodTxt>L</ComputationMethodTxt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BLDG IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2021-01-05</AcquiredDt>
        <CostOrOtherBasisAmt>40437</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3069</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M39</ComputationMethodTxt>
        <CurrentYearExpenseAmt>1037</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BLDG IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2021-01-26</AcquiredDt>
        <CostOrOtherBasisAmt>24001</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1821</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M39</ComputationMethodTxt>
        <CurrentYearExpenseAmt>615</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BLDG IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2021-10-19</AcquiredDt>
        <CostOrOtherBasisAmt>20000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1133</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M39</ComputationMethodTxt>
        <CurrentYearExpenseAmt>513</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BLDG IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2021-11-01</AcquiredDt>
        <CostOrOtherBasisAmt>31663</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1726</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M39</ComputationMethodTxt>
        <CurrentYearExpenseAmt>812</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIPMENT</PropertyDesc>
        <AcquiredDt>2021-01-19</AcquiredDt>
        <CostOrOtherBasisAmt>7020</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>4334</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M7</ComputationMethodTxt>
        <CurrentYearExpenseAmt>767</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIPMENT</PropertyDesc>
        <AcquiredDt>2021-02-22</AcquiredDt>
        <CostOrOtherBasisAmt>9105</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5621</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M7</ComputationMethodTxt>
        <CurrentYearExpenseAmt>995</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIPMENT</PropertyDesc>
        <AcquiredDt>2021-04-12</AcquiredDt>
        <CostOrOtherBasisAmt>2202</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1279</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M7</ComputationMethodTxt>
        <CurrentYearExpenseAmt>264</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIPMENT</PropertyDesc>
        <AcquiredDt>2021-04-19</AcquiredDt>
        <CostOrOtherBasisAmt>3859</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2242</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M7</ComputationMethodTxt>
        <CurrentYearExpenseAmt>462</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIPMENT</PropertyDesc>
        <AcquiredDt>2021-05-21</AcquiredDt>
        <CostOrOtherBasisAmt>31185</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>18113</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M7</ComputationMethodTxt>
        <CurrentYearExpenseAmt>3733</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIPMENT</PropertyDesc>
        <AcquiredDt>2021-07-21</AcquiredDt>
        <CostOrOtherBasisAmt>802</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>437</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M7</ComputationMethodTxt>
        <CurrentYearExpenseAmt>104</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIPMENT</PropertyDesc>
        <AcquiredDt>2021-08-19</AcquiredDt>
        <CostOrOtherBasisAmt>1805</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>982</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M7</ComputationMethodTxt>
        <CurrentYearExpenseAmt>235</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIPMENT</PropertyDesc>
        <AcquiredDt>2021-09-03</AcquiredDt>
        <CostOrOtherBasisAmt>123879</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>67440</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M7</ComputationMethodTxt>
        <CurrentYearExpenseAmt>16129</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIPMENT</PropertyDesc>
        <AcquiredDt>2021-10-07</AcquiredDt>
        <CostOrOtherBasisAmt>42158</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>21417</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M7</ComputationMethodTxt>
        <CurrentYearExpenseAmt>5927</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIPMENT</PropertyDesc>
        <AcquiredDt>2021-12-16</AcquiredDt>
        <CostOrOtherBasisAmt>81964</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>41638</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M7</ComputationMethodTxt>
        <CurrentYearExpenseAmt>11524</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BLDG IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2022-02-22</AcquiredDt>
        <CostOrOtherBasisAmt>18611</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>895</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M39</ComputationMethodTxt>
        <CurrentYearExpenseAmt>477</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>EQUIPMENT</PropertyDesc>
        <AcquiredDt>2022-06-09</AcquiredDt>
        <CostOrOtherBasisAmt>24892</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>9653</PriorYearDepreciationAmt>
        <ComputationMethodTxt>M7</ComputationMethodTxt>
        <CurrentYearExpenseAmt>4354</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <ExplnOfNonFilingWithAGStmt documentId="ExplnOfNonFilingAGSt">
      <ExplanationTxt>THE FOUNDATION IS A DELAWARE (DE) EXEMPT CORPORATION AND CONDUCTS ALL ITS ACTIVITIES OUTSIDE OF DE. ACCORDING TO DELAWARE'S ATTORNEY GENERAL OFFICE, PRIVATE FOUNDATIONS ARE NOT REQUIRED TO SUBMIT A COPY OF THE FEDERAL FORM 990-PF TO THE STATE IF THEY ARE NOT CONDUCTING ANY ACTIVITY IN DE. THEREFORE, THE FOUNDATION IS NOT REQUIRED TO FURNISH A COPY TO DE.</ExplanationTxt>
    </ExplnOfNonFilingWithAGStmt>
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorporateBondsGrp>
        <BondNm>NT #573 - ATTACHMENT B</BondNm>
        <EOYBookValueAmt>1435738</EOYBookValueAmt>
        <EOYFMVAmt>1490613</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>NT #325 - SEE ATTACHMENT C</StockNm>
        <EOYBookValueAmt>1979605</EOYBookValueAmt>
        <EOYFMVAmt>2739779</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NT #658 - SEE ATTACHMENT D</StockNm>
        <EOYBookValueAmt>2834524</EOYBookValueAmt>
        <EOYFMVAmt>2850610</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NT #104 - SEE ATTACHMENT E</StockNm>
        <EOYBookValueAmt>1269461</EOYBookValueAmt>
        <EOYFMVAmt>1385620</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NT #356 - SEE ATTACHMENT F</StockNm>
        <EOYBookValueAmt>2972581</EOYBookValueAmt>
        <EOYFMVAmt>4589676</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <USGovtObligationsBookVlEOYAmt>961144</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>971722</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AMANSA FEEDER LTD CLASS G</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>415860</BookValueAmt>
        <EOYFMVAmt>927310</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CF CANYON BALANCED FUND KY LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2000000</BookValueAmt>
        <EOYFMVAmt>2851806</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CEVIAN CAPITAL II LLP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1500000</BookValueAmt>
        <EOYFMVAmt>3047960</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FARALLON CAPITAL INSTITUTIONAL</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>3191853</BookValueAmt>
        <EOYFMVAmt>3409392</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FORTRESS CREDIT OPP FD V EXPAN</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>405722</BookValueAmt>
        <EOYFMVAmt>401647</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CF GOLDENTREE SELECT OFFSHORE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1671948</BookValueAmt>
        <EOYFMVAmt>3095560</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HCP PRIVATE EQUITY FUND X-A LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>358367</BookValueAmt>
        <EOYFMVAmt>405076</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HCP REAL ESTATE FUND III-A, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>795965</BookValueAmt>
        <EOYFMVAmt>838664</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OCTAGON INVESTMENTS OFFSHORE F</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>517576</BookValueAmt>
        <EOYFMVAmt>270221</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRIME FINANCE LONG DURATION (B</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>581247</BookValueAmt>
        <EOYFMVAmt>527043</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SSC MCH LONE CASCADE, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2896950</BookValueAmt>
        <EOYFMVAmt>3603149</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INCLUSIVE CAPITAL PARTNERS SPR</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>446306</BookValueAmt>
        <EOYFMVAmt>193067</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HCP PRIVATE EQUITY FD XI-A LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>141369</BookValueAmt>
        <EOYFMVAmt>157806</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HCP REAL ESTATE FUND IV-A, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>306004</BookValueAmt>
        <EOYFMVAmt>315622</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HCP PRIVATE EQUITY FD XII-A LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2091</BookValueAmt>
        <EOYFMVAmt>2500</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSch2">
      <LandEtcGrp>
        <CategoryOrItemTxt>LAND</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>10408211</CostOrOtherBasisAmt>
        <BookValueAmt>10408211</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BLDG IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>40437</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>4106</AccumulatedDepreciationAmt>
        <BookValueAmt>36331</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BLDG IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>24001</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2436</AccumulatedDepreciationAmt>
        <BookValueAmt>21565</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BLDG IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>20000</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1646</AccumulatedDepreciationAmt>
        <BookValueAmt>18354</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BLDG IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>31663</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2538</AccumulatedDepreciationAmt>
        <BookValueAmt>29125</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>7020</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>5101</AccumulatedDepreciationAmt>
        <BookValueAmt>1919</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>9105</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>6616</AccumulatedDepreciationAmt>
        <BookValueAmt>2489</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2202</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1543</AccumulatedDepreciationAmt>
        <BookValueAmt>659</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3859</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2704</AccumulatedDepreciationAmt>
        <BookValueAmt>1155</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>31185</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>21846</AccumulatedDepreciationAmt>
        <BookValueAmt>9339</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>802</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>541</AccumulatedDepreciationAmt>
        <BookValueAmt>261</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1805</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1217</AccumulatedDepreciationAmt>
        <BookValueAmt>588</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>123879</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>83569</AccumulatedDepreciationAmt>
        <BookValueAmt>40310</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>42158</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>27344</AccumulatedDepreciationAmt>
        <BookValueAmt>14814</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>81964</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>53162</AccumulatedDepreciationAmt>
        <BookValueAmt>28802</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>BLDG IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>18611</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>1372</AccumulatedDepreciationAmt>
        <BookValueAmt>17239</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>24892</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>14007</AccumulatedDepreciationAmt>
        <BookValueAmt>10885</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSch">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>3694</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>3694</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssetsScheduleGrp>
        <Desc>DUE FROM BROKER</Desc>
        <BOYBookValueAmt>13168</BOYBookValueAmt>
        <EOYBookValueAmt>40202</EOYBookValueAmt>
        <EOYFMVAmt>40202</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>PARTNERSHIP INVESTMENT EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>99674</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>97882</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>5671</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5671</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>PARTNERSHIP INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>40681</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>39928</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>-410</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-410</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Excise Tax Refund</Desc>
        <RevenueAndExpensesPerBooksAmt>85948</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANAGEMENT FEE</CategoryTxt>
        <Amt>171072</Amt>
        <NetInvestmentIncomeAmt>171072</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CUSTODIAN FEE</CategoryTxt>
        <Amt>15388</Amt>
        <NetInvestmentIncomeAmt>15388</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CONSULTING FEE</CategoryTxt>
        <Amt>180000</Amt>
        <NetInvestmentIncomeAmt>180000</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>13840</Amt>
        <NetInvestmentIncomeAmt>13840</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>85948</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>