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            <City>CONCORD</City>
            <State>MA</State>
            <ZIPCode>07142</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BACH FESTIVAL SOCIETY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1000 HOLT AVENUE</AddressLine1>
            <City>WINTER PARK</City>
            <State>FL</State>
            <ZIPCode>32789</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>3250</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>LAKE NONA YMCA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>9055 NORTHLAKE PARKWAY</AddressLine1>
            <City>ORLANDO</City>
            <State>FL</State>
            <ZIPCode>32827</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SUSAN G KOMEN CENTRAL FLORIDA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1755 OVIEDO MALL BLVD</AddressLine1>
            <City>OVIEDO</City>
            <State>FL</State>
            <ZIPCode>32765</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>100</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>KATE &amp; JUSTIN ROSE FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 593265</AddressLine1>
            <City>ORLANDO</City>
            <State>FL</State>
            <ZIPCode>32859</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>7625</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MAKE A WISH FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1020 NORTH ORLANDO AVENUE</AddressLine1>
            <City>MAITLAND</City>
            <State>FL</State>
            <ZIPCode>32751</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>100</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MCKENZIE NOELLE WILSON FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>13936 ASCOT DRIVE</AddressLine1>
            <City>JACKSONVILLE</City>
            <State>FL</State>
            <ZIPCode>32250</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE LAWRENCE SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>SANAWAR</AddressLine1>
            <City>DISTRICT SOLAN</City>
            <ProvinceOrState>HIMACHAL PRADESH</ProvinceOrState>
            <Country>IN</Country>
            <PostalCode>173202</PostalCode>
          </RecipientForeignAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>EDUCATIONAL</PurposeOfGrantOrContribution>
          <Amount>6000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE JIMMY FUND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>DANA-FARBER CANCER INSTITUTE</AddressLine1>
            <AddressLine2>10 BROOKLINE PLACE WEST</AddressLine2>
            <City>BROOKLINE</City>
            <State>MA</State>
            <ZIPCode>02445</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>1500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NEMOURS CHILDREN'S HOSPITAL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>13535 NEMOURS PARKWAY</AddressLine1>
            <City>ORLANDO</City>
            <State>FL</State>
            <ZIPCode>32827</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BOYS &amp; GIRLS CLUB OF MARTIN COUNTY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>11500 SE LARES AVENUE</AddressLine1>
            <City>HOBE SOUND</City>
            <State>FL</State>
            <ZIPCode>33475</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BRAVO VAIL VALLEY MUSIC FESTIVAL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2271 N FRONTAGE ROAD WEST</AddressLine1>
            <City>VAIL</City>
            <State>CO</State>
            <ZIPCode>81657</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>156085</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <FeesContractsFromGovtAgencies />
        <MembershipDuesAndAssessments />
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>2</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>179901</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRentalIncmReDebtFincdProp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty />
        <OtherInvestmentIncomePartVII />
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>589808</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <NetIncomeLossFromSpecialEvents />
        <GrossProfitLossSalesOfInvntry />
        <OtherRevenueDescribed>
          <Description>PARTNERSHIP INCOME - FREESTONE ADVANTAGE PTRS</Description>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>41401</ExclusionAmount>
        </OtherRevenueDescribed>
        <OtherRevenueDescribed>
          <Description>INSURANCE REFUND</Description>
          <ExclusionCode>01</ExclusionCode>
          <ExclusionAmount>285</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>811397</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>811397</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>RUPINDER SIDHU</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>10229 TAVISTOCK ROAD</AddressLine1>
          <City>ORLANDO</City>
          <State>FL</State>
          <ZIPCode>32827</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>652725</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <NoncashProperty>
        <ContributorNumberFromPartI>1</ContributorNumberFromPartI>
        <NoncashPropertyDescription>45,000 SHS. - EVERBANK FINANCIAL CORP.</NoncashPropertyDescription>
        <FairMarketValue>652725</FairMarketValue>
        <DateReceived>2012-11-20</DateReceived>
      </NoncashProperty>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSch">
      <AccountingFees>
        <Category>CORNICK, GARBER &amp; SANDLER, LLP</Category>
        <Amount>13775</Amount>
        <NetInvestmentIncome>13775</NetInvestmentIncome>
      </AccountingFees>
    </AccountingFeesSchedule>
    <AllOthProgRltdInvestmentsSch documentId="AllOthProgInvSch">
      <AllOthProgRltdInvestments>
        <Description>NONE</Description>
      </AllOthProgRltdInvestments>
    </AllOthProgRltdInvestmentsSch>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorpStock>
        <NameOfStock>ALEXANDER KEY</NameOfStock>
        <EOYBookValue>787868</EOYBookValue>
        <EOYFMV>778718</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>UBS FINANCIAL BW 53456 SG</NameOfStock>
        <EOYBookValue>1003738</EOYBookValue>
        <EOYFMV>1009923</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>UBS FINANCIAL BW 53770 SG</NameOfStock>
        <EOYBookValue>2139445</EOYBookValue>
        <EOYFMV>2088201</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>MERRILL LYNCH 5VL-02033</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>UBS FINANCIAL BW 53775 AT</NameOfStock>
        <EOYBookValue>239835</EOYBookValue>
        <EOYFMV>720000</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOther>
        <CategoryOrItem>SPACE MAKER PARENT LLC</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>TRAPEZA PARTNERS V, L.P.</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <EOYFMV>0</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>LEGG MASON REAL ESTATE INV. FD</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>85000</BookValue>
        <EOYFMV>85000</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>EVERBANK FINANCIAL</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>0</BookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>FREESTONE ADVANTAGE PARTNERS</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>342940</BookValue>
        <EOYFMV>342940</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherDecreasesSchedule documentId="OtherDecreasesSch">
      <OtherDecreases>
        <Description>EXCESS OF FMV OVER COST OF 45,000 SHS.</Description>
        <Amount>0</Amount>
      </OtherDecreases>
      <OtherDecreases>
        <Description>OF EVERBANK FINANCIAL CORP. CONTRIBUTED</Description>
        <Amount>622710</Amount>
      </OtherDecreases>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpenses>
        <Description>INVESTMENT ADVISORY FEES</Description>
        <RevenueAndExpensesPerBooks>1533</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1533</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INSURANCE</Description>
        <RevenueAndExpensesPerBooks>12017</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>6009</NetInvestmentIncome>
        <DisbursementsCharitablePrps>6008</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FREESTONE ADVANTAGE PARTNERS</Description>
        <RevenueAndExpensesPerBooks>1364</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1364</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TRAPEZA PARTNERS</Description>
        <RevenueAndExpensesPerBooks>4958</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>4958</NetInvestmentIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncome>
        <Description>FREESTONE ADVANTAGE PARTNERS, II LP</Description>
        <RevenueAndExpensesPerBooks>41401</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>41401</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>INSURANCE REFUND</Description>
        <RevenueAndExpensesPerBooks>285</RevenueAndExpensesPerBooks>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="OtherLiabSch">
      <OtherLiabilities>
        <Description>TRAPEZA PARTNERS V, L.P. - LIABILITY FOR CAPITAL DEFICIENCY</Description>
        <EOYBookValue>18824</EOYBookValue>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFees>
        <Category>MANAGEMENT SERVICES</Category>
        <Amount>5000</Amount>
        <NetInvestmentIncome>2500</NetInvestmentIncome>
        <DisbursementsCharitablePrps>2500</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <SubstantialContributorsSch documentId="SubsContributorsSch">
      <SubstantialContributor>
        <PersonName>RUPINDER SIDHU</PersonName>
        <USAddress>
          <AddressLine1>10229 TAVISTOCK ROAD</AddressLine1>
          <City>ORLANDO</City>
          <State>FL</State>
          <ZIPCode>32827</ZIPCode>
        </USAddress>
      </SubstantialContributor>
    </SubstantialContributorsSch>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>FOREIGN TAX WITHHELD</Category>
        <Amount>7136</Amount>
        <NetInvestmentIncome>7136</NetInvestmentIncome>
      </Taxes>
      <Taxes>
        <Category>PAYROLL TAXES</Category>
        <Amount>204</Amount>
        <NetInvestmentIncome>102</NetInvestmentIncome>
        <DisbursementsCharitablePrps>102</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>FEDEARL EXCISE TAX</Category>
        <Amount>7795</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>