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        <Desc>PARKING</Desc>
        <TotalAmt>4572</TotalAmt>
        <ProgramServicesAmt>3658</ProgramServicesAmt>
        <ManagementAndGeneralAmt>914</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <OtherExpensesGrp>
        <Desc>ANNUAL REPORT</Desc>
        <TotalAmt>986</TotalAmt>
        <ProgramServicesAmt>789</ProgramServicesAmt>
        <ManagementAndGeneralAmt>197</ManagementAndGeneralAmt>
      </OtherExpensesGrp>
      <AllOtherExpensesGrp>
        <TotalAmt>2415</TotalAmt>
        <ProgramServicesAmt>1931</ProgramServicesAmt>
        <ManagementAndGeneralAmt>484</ManagementAndGeneralAmt>
      </AllOtherExpensesGrp>
      <TotalFunctionalExpensesGrp>
        <TotalAmt>704777</TotalAmt>
        <ProgramServicesAmt>611303</ProgramServicesAmt>
        <ManagementAndGeneralAmt>93474</ManagementAndGeneralAmt>
        <FundraisingAmt>0</FundraisingAmt>
      </TotalFunctionalExpensesGrp>
      <SavingsAndTempCashInvstGrp>
        <BOYAmt>772920</BOYAmt>
        <EOYAmt>447066</EOYAmt>
      </SavingsAndTempCashInvstGrp>
      <PrepaidExpensesDefrdChargesGrp>
        <BOYAmt>6898</BOYAmt>
        <EOYAmt>4030</EOYAmt>
      </PrepaidExpensesDefrdChargesGrp>
      <LandBldgEquipCostOrOtherBssAmt>62505</LandBldgEquipCostOrOtherBssAmt>
      <LandBldgEquipAccumDeprecAmt>60170</LandBldgEquipAccumDeprecAmt>
      <LandBldgEquipBasisNetGrp>
        <BOYAmt>2883</BOYAmt>
        <EOYAmt>2335</EOYAmt>
      </LandBldgEquipBasisNetGrp>
      <InvestmentsOtherSecuritiesGrp>
        <BOYAmt>16102217</BOYAmt>
        <EOYAmt>17501732</EOYAmt>
      </InvestmentsOtherSecuritiesGrp>
      <TotalAssetsGrp>
        <BOYAmt>16884918</BOYAmt>
        <EOYAmt>17955163</EOYAmt>
      </TotalAssetsGrp>
      <AccountsPayableAccrExpnssGrp>
        <BOYAmt>831</BOYAmt>
        <EOYAmt>323</EOYAmt>
      </AccountsPayableAccrExpnssGrp>
      <GrantsPayableGrp>
        <BOYAmt>481578</BOYAmt>
        <EOYAmt>456474</EOYAmt>
      </GrantsPayableGrp>
      <TotalLiabilitiesGrp>
        <BOYAmt>482409</BOYAmt>
        <EOYAmt>456797</EOYAmt>
      </TotalLiabilitiesGrp>
      <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
      <TemporarilyRstrNetAssetsGrp>
        <BOYAmt>16402509</BOYAmt>
        <EOYAmt>17498366</EOYAmt>
      </TemporarilyRstrNetAssetsGrp>
      <TotalNetAssetsFundBalanceGrp>
        <BOYAmt>16402509</BOYAmt>
        <EOYAmt>17498366</EOYAmt>
      </TotalNetAssetsFundBalanceGrp>
      <TotLiabNetAssetsFundBalanceGrp>
        <BOYAmt>16884918</BOYAmt>
        <EOYAmt>17955163</EOYAmt>
      </TotLiabNetAssetsFundBalanceGrp>
      <ReconcilationRevenueExpnssAmt>-245392</ReconcilationRevenueExpnssAmt>
      <NetUnrlzdGainsLossesInvstAmt>1341249</NetUnrlzdGainsLossesInvstAmt>
      <OtherChangesInNetAssetsAmt>0</OtherChangesInNetAssetsAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>0</AccountantCompileOrReviewInd>
      <FSAuditedInd>1</FSAuditedInd>
      <FSAuditedBasisGrp>
        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
      </FSAuditedBasisGrp>
      <AuditCommitteeInd>1</AuditCommitteeInd>
      <FederalGrantAuditRequiredInd>0</FederalGrantAuditRequiredInd>
    </IRS990>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <LeaseholdImprovementsGrp>
        <OtherCostOrOtherBasisAmt>11819</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>11819</DepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LeaseholdImprovementsGrp>
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>50686</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>48351</DepreciationAmt>
        <BookValueAmt>2335</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>2335</TotalBookValueLandBuildingsAmt>
      <OtherSecuritiesGrp>
        <Desc>MUTUAL FUNDS</Desc>
        <BookValueAmt>17501732</BookValueAmt>
        <MethodValuationCd>F</MethodValuationCd>
      </OtherSecuritiesGrp>
      <TotalBookValueSecuritiesAmt>17501732</TotalBookValueSecuritiesAmt>
      <TotalRevEtcAuditedFinclStmtAmt>1800634</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>1341249</NetUnrealizedGainsInvstAmt>
      <RevenueNotReportedAmt>1341249</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>459385</RevenueSubtotalAmt>
      <RevenueNotReportedFinclStmtAmt>0</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>459385</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>704777</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesNotReportedAmt>0</ExpensesNotReportedAmt>
      <ExpensesSubtotalAmt>704777</ExpensesSubtotalAmt>
      <ExpensesNotRptFinclStmtAmt>0</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>704777</TotalExpensesPerForm990Amt>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <GrantRecordsMaintainedInd>1</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>WEST VIRGINIA RIVERS COALITION</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>3501 MACCORKLE AVE SE 129</AddressLine1>
          <City>CHARLESTON</City>
          <State>WV</State>
          <ZIPCode>25304</ZIPCode>
        </USAddress>
        <RecipientEIN>521736621</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>90000</CashGrantAmt>
        <PurposeOfGrantTxt>WATER POLICIES IN WEST VIRGINIA: MAINTAINING AN INDEPENDENT AND SCIENCE BASED VOICE TO PROTECT WATER RESOURCES</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>JAMES RIVER ASSOCIATION</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>4833 OLD MAIN STREET</AddressLine1>
          <City>RICHMOND</City>
          <State>VA</State>
          <ZIPCode>23231</ZIPCode>
        </USAddress>
        <RecipientEIN>510211913</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>50000</CashGrantAmt>
        <PurposeOfGrantTxt>INCREASING LOCAL CONSERVATION RESULTS THROUGH THE JAMES RIVER ASSOCIATION'S NEW REGIONAL OFFICES IN WILLIAMSBURG AND LYNCHBURG</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>WATERSHED WATCH IN KENTUCKY INC</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 4307</AddressLine1>
          <City>MIDWAY</City>
          <State>KY</State>
          <ZIPCode>40347</ZIPCode>
        </USAddress>
        <RecipientEIN>270202275</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>45000</CashGrantAmt>
        <PurposeOfGrantTxt>IMPROVING STATEWIDE VOLUNTEER WATER QUALITY MONITORING AND STORMWATER MANAGEMENT IN KENTUCKY</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>FRIENDS OF THE RAPPAHANNOCK</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>3219 FALL HILL AVENUE</AddressLine1>
          <City>FREDERICKSBURG</City>
          <State>VA</State>
          <ZIPCode>22401</ZIPCode>
        </USAddress>
        <RecipientEIN>541381671</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>25000</CashGrantAmt>
        <PurposeOfGrantTxt>RAPPAHANNOCK RESTORE CORPS: DEVELOPING A CORPS OF VOLUNTEER LEADERS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>ALLIANCE FOR THE CHESAPEAKE BAY VIRGINIA OFFICE</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>530 E MAIN STREET SUITE 200</AddressLine1>
          <City>RICHMOND</City>
          <State>VA</State>
          <ZIPCode>23219</ZIPCode>
        </USAddress>
        <RecipientEIN>541060924</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>15000</CashGrantAmt>
        <PurposeOfGrantTxt>TO CONDUCT THE FIRST ANNUAL CHESAPEAKE BUSINESS FORUM AND FOR A CONSERVATION DEMONSTRATION PROJECT</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>AUDUBON NATURALIST SOCIETY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>8940 JONES MILL ROAD</AddressLine1>
          <City>CHEVY CHASE</City>
          <State>MD</State>
          <ZIPCode>20815</ZIPCode>
        </USAddress>
        <RecipientEIN>530233715</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>15000</CashGrantAmt>
        <PurposeOfGrantTxt>EXPANDING THE 'GREENKIDS' ENVIRONMENTAL LITERACY PROGRAM FOR ELEMENTARY SCHOOL STUDENTS IN VIRGINIA</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>VALLEY CONSERVATION COUNCIL</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>17 BARRISTERS ROW</AddressLine1>
          <City>STAUNTON</City>
          <State>VA</State>
          <ZIPCode>24401</ZIPCode>
        </USAddress>
        <RecipientEIN>541548245</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>15000</CashGrantAmt>
        <PurposeOfGrantTxt>LAND CONSERVATION EXCELLENCE ENHANCEMENT PROGRAM</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>THE COLLEGE OF WILLIAM AND MARY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 8795</AddressLine1>
          <City>WILLIAMSBURG</City>
          <State>VA</State>
          <ZIPCode>23187</ZIPCode>
        </USAddress>
        <RecipientEIN>546001718</RecipientEIN>
        <IRCSectionDesc>170(C)(1)</IRCSectionDesc>
        <CashGrantAmt>10553</CashGrantAmt>
        <PurposeOfGrantTxt>DETERMINING THE EFFECTIVENESS OF WET RETENTION PONDS IN MITIGATING MICROBIAL RISK</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>VIRGINIA MILITARY INSTITUTE CENTER FOR LEADERSHIP AND ETHICS</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>500 ANDERSON DRIVE</AddressLine1>
          <City>LEXINGTON</City>
          <State>VA</State>
          <ZIPCode>24450</ZIPCode>
        </USAddress>
        <CashGrantAmt>7000</CashGrantAmt>
        <PurposeOfGrantTxt>2014 ENVIRONMENT VIRGINIA SYMPOSIUM</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>CHESAPEAKE EXPERIENCE INC</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 5384</AddressLine1>
          <City>WILLIAMSBURG</City>
          <State>VA</State>
          <ZIPCode>23188</ZIPCode>
        </USAddress>
        <RecipientEIN>208297172</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>5108</CashGrantAmt>
        <PurposeOfGrantTxt>EXPERIENCE THE CHESAPEAKE BAY 2013: UNIQUE PROFESSIONAL DEVELOPMENT PERSPECTIVES FOR HAMPTON ROADS EDUCATORS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>MIDDLE PENINSULA CHESAPEAKE BAY PUBLIC ACCESS AUTHORITY</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>PO BOX 286</AddressLine1>
          <City>SALUDA</City>
          <State>VA</State>
          <ZIPCode>23149</ZIPCode>
        </USAddress>
        <CashGrantAmt>3000</CashGrantAmt>
        <PurposeOfGrantTxt>ASSISTANCE FOR MIDDLE PENINSULA SHORELINE PROTECTION AND ACCESS</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>CHESAPEAKE BAY FUNDERS NETWORK FISCAL SPONSOR NEW VENTURE FUND</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>1201 CONNECTICUT AVE NW SUITE 300</AddressLine1>
          <City>WASHINGTON</City>
          <State>DC</State>
          <ZIPCode>20036</ZIPCode>
        </USAddress>
        <RecipientEIN>205806345</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>2500</CashGrantAmt>
        <PurposeOfGrantTxt>MEMBERSHIP/PHILANTHROPIC SUPPORT</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>UNIVERSITY OF MARY WASHINGTON</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>1301 COLLEGE AVE</AddressLine1>
          <City>FREDERICKSBURG</City>
          <State>VA</State>
          <ZIPCode>22401</ZIPCode>
        </USAddress>
        <CashGrantAmt>2230</CashGrantAmt>
        <PurposeOfGrantTxt>DEVELOPING THE FRAMEWORK FOR A FIVE-JURISDICTION CLIMATE, ENVIRONMENT AND READINESS (CLEAR) ACTION PLAN</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>SOUTHEASTERN COUNCIL OF FOUNDATIONS</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>50 HURT PLAZA SUITE 350</AddressLine1>
          <City>ATLANTA</City>
          <State>GA</State>
          <ZIPCode>30303</ZIPCode>
        </USAddress>
        <RecipientEIN>560995114</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>1000</CashGrantAmt>
        <PurposeOfGrantTxt>MEMBERSHIP/PHILANTHROPIC SUPPORT</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>ASSOCIATION OF SMALL FOUNDATIONS</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>1720 N STREET NW</AddressLine1>
          <City>WASHINGTON</City>
          <State>DC</State>
          <ZIPCode>20036</ZIPCode>
        </USAddress>
        <RecipientEIN>650617866</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>725</CashGrantAmt>
        <PurposeOfGrantTxt>MEMBERSHIP/PHILANTHROPIC SUPPORT</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>VIRGINIA CONSERVATION NETWORK</BusinessNameLine1>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1>422 EAST FRANKLIN STREET SUITE 303</AddressLine1>
          <City>RICHMOND</City>
          <State>VA</State>
          <ZIPCode>23219</ZIPCode>
        </USAddress>
        <RecipientEIN>510198762</RecipientEIN>
        <IRCSectionDesc>501(C)(3)</IRCSectionDesc>
        <CashGrantAmt>250</CashGrantAmt>
        <PurposeOfGrantTxt>2013 VIRGINIA ENVIRONMENTAL ASSEMBLY</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1>VARIOUS</BusinessNameLine1>
        </RecipientBusinessName>
        <CashGrantAmt>-7021</CashGrantAmt>
        <PurposeOfGrantTxt>REIMBURSEMENTS FROM PRIOR YEAR GRANTS AWARDED</PurposeOfGrantTxt>
      </RecipientTable>
      <Total501c3OrgCnt>12</Total501c3OrgCnt>
      <TotalOtherOrgCnt>4</TotalOtherOrgCnt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ENDOWMENT REQUIRES DOCUMENTATION OF FUNDS EXPENDED FOR EACH GRANT. SOME GRANT PAYMENTS ARE MADE ON A PRE-DETERMINED SCHEDULE AND OTHER GRANTS REIMBURSE COSTS ARE THEY ARE INCURRED.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <PersonNm>GERALD P MCCARTHY</PersonNm>
        </NameOfInterested>
        <RelationshipDescriptionTxt>PRIOR EXECUTIVE DIRECTOR</RelationshipDescriptionTxt>
        <TransactionAmt>80835</TransactionAmt>
        <TransactionDesc>COMPENSATION FOR SERVICES PERFORMED</TransactionDesc>
        <SharingOfRevenuesInd>0</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE DIRECTOR AND HIS ASSISTANT REVIEW THE 990 THOROUGHLY BEFORE FILING THE RETURN AND PROVIDE COPIES TO THE ENTIRE BOARD AT THE SUBSEQUENT BOARD MEETING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ENDOWMENT REQUESTS CONFIRMATION OF INDEPENDENCE ANNUALLY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS DETERMINES THE EXECUTIVE DIRECTOR'S SALARY ON AN ANNUAL BASIS. THE REVIEW INCLUDES A COMPARISON OF SALARY AND COMPENSATION DATA FROM SIMILAR FOUNDATIONS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AS WELL AS TAX DOCUMENTS, ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>