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          <Title>PRESIDENT, DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>40.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>120000</Compensation>
          <ContriToEmplBenefitPlansEtc>8621</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>ROBERT L FELDMAN</PersonName>
          <USAddress>
            <AddressLine1>5358 MEADERS LANE</AddressLine1>
            <City>DALLAS</City>
            <State>TX</State>
            <ZIPCode>75229</ZIPCode>
          </USAddress>
          <Title>VICE PRESIDENT, DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>10.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>SANDRA FELDMAN</PersonName>
          <USAddress>
            <AddressLine1>555 BRYANT ST 260</AddressLine1>
            <City>PALO ALTO</City>
            <State>CA</State>
            <ZIPCode>94301</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>CYNTHIA FELDMAN</PersonName>
          <USAddress>
            <AddressLine1>5358 MEADERS LANE</AddressLine1>
            <City>DALLAS</City>
            <State>TX</State>
            <ZIPCode>75229</ZIPCode>
          </USAddress>
          <Title>DIRECTOR</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompensationOfHghstPaidCntrct>
          <BusinessName>
            <BusinessNameLine1>THOMAS FELDMAN &amp; WILSHUSEN LLP</BusinessNameLine1>
          </BusinessName>
          <USAddress>
            <AddressLine1>9400 N CENTRAL EXPWY SUITE 900</AddressLine1>
            <City>DALLAS</City>
            <State>TX</State>
            <ZIPCode>75231</ZIPCode>
          </USAddress>
          <TypeOfService>LEGAL</TypeOfService>
          <Compensation>109411</Compensation>
        </CompensationOfHghstPaidCntrct>
        <CompensationOfHghstPaidCntrct>
          <BusinessName>
            <BusinessNameLine1>REGIS MANAGEMENT COMPANY LLC</BusinessNameLine1>
          </BusinessName>
          <USAddress>
            <AddressLine1>300 HAMILTON AVE SUITE 400</AddressLine1>
            <City>PALO ALTO</City>
            <State>CA</State>
            <ZIPCode>94301</ZIPCode>
          </USAddress>
          <TypeOfService>INVESTMENT MANAGEMENT</TypeOfService>
          <Compensation>73872</Compensation>
        </CompensationOfHghstPaidCntrct>
        <CompensationOfHghstPaidCntrct>
          <BusinessName>
            <BusinessNameLine1>RE LOEWENBERG CAPITAL MANAGEMENT</BusinessNameLine1>
          </BusinessName>
          <USAddress>
            <AddressLine1>900 THIRD AVENUE 1002</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10022</ZIPCode>
          </USAddress>
          <TypeOfService>INVESTMENT MANAGEMENT</TypeOfService>
          <Compensation>68750</Compensation>
        </CompensationOfHghstPaidCntrct>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SumOfProgramRelatedInvestments>
        <Total>0</Total>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>33166589</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>3323427</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>26239</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>36516255</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>36516255</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>547744</CashDeemedCharitable>
        <NetNoncharitableAssets>35968511</NetNoncharitableAssets>
        <MinimumInvestmentReturn>1798426</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>1798426</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>21313</TaxBasedOnInvestmentIncome>
        <TotalTax>21313</TotalTax>
        <DistributableAmountBeforeAdj>1777113</DistributableAmountBeforeAdj>
        <RecoveriesQlfyDistributions>0</RecoveriesQlfyDistributions>
        <DistributableAmountBeforeDed>1777113</DistributableAmountBeforeDed>
        <DeductionFrDistributableAmount>0</DeductionFrDistributableAmount>
        <DistributableAmountAsAdjusted>1777113</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>2143758</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <QualifyingDistributions>2143758</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>21313</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>2122445</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>1777113</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>95239</UndistributedIncomePriorYear>
        <TotalForPriorYears>0</TotalForPriorYears>
        <TotalExcessDistriCarryover>0</TotalExcessDistriCarryover>
        <QualifyingDistributions>2143758</QualifyingDistributions>
        <AppliedToYear1>95239</AppliedToYear1>
        <AppliedToPriorYears>0</AppliedToPriorYears>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>1777113</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>271406</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>0</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>0</ExcessDistriCyovAppliedCY>
        <TotalCorpus>271406</TotalCorpus>
        <PriorYearUndistributedIncome>0</PriorYearUndistributedIncome>
        <PriorYearDeficiencyOrTax>0</PriorYearDeficiencyOrTax>
        <TaxableAmount1>0</TaxableAmount1>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <DistriFromCorpus170b1EOr4942g3>0</DistriFromCorpus170b1EOr4942g3>
        <ExcessDistriCyovFromYear5>0</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>271406</ExcessDistriCyovToNextYear>
        <ExcessFromCurrentYear>271406</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <AppicationSubmissionInfo>
          <RecipientName>ROBERT L FELDMAN THE FELDMAN FAMILY</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>1431 GREENWAY DRIVE SUITE 360</AddressLine1>
            <City>IRVING</City>
            <State>TX</State>
            <ZIPCode>750382410</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>9727566032</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>WRITTEN REQUEST WITH FULL PROGRAM INFORMATION, TAX-EXEMPT DETERMINATION LETTER AND STATEMENT OF NEED.</FormAndInfoAndMaterials>
          <SubmissionDeadlines>NONE NONE</SubmissionDeadlines>
          <RestrictionsOnAwards>NONE</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERICAN JEWISH COMMITTEE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>165 EAST 56 STREET</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10022</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SPECIFIC EDUCATIONAL PURPOSES</PurposeOfGrantOrContribution>
          <Amount>110000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMHERST COLLEGE TRUSTEES</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 5000</AddressLine1>
            <City>AMHERST</City>
            <State>MA</State>
            <ZIPCode>010025000</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-SPECIFIC EDUCATIONAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ANTI-DEFAMATION LEAGUE OF B'NAI B'RITH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>12800 HILLCREST ROAD SUITE 219</AddressLine1>
            <City>DALLAS</City>
            <State>TX</State>
            <ZIPCode>75230</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-SPECIFIC RELIGIOUS AND CHARITABLE PURPOSE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DALLAS JEWISH COMMUNITY FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>7800 NORTHAVEN ROAD</AddressLine1>
            <City>DALLAS</City>
            <State>TX</State>
            <ZIPCode>75230</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-SPECIFIC RELIGIOUS AND CHARITABLE PURPOSE</PurposeOfGrantOrContribution>
          <Amount>250000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NEW ISRAEL FUND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1101 14TH STREET NW 6TH FL</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>200055639</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SPECIFIC EDUCATIONAL PURPOSE - PEACE CHILD ISRAEL</PurposeOfGrantOrContribution>
          <Amount>12000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NEW ISRAEL FUND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1101 14TH STREET NW 6TH FL</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>200055639</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SPECIFIC EDUCATIONAL PURPOSE - GUARDIAN OF DEMOCRACY DINNER</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NEW ISRAEL FUND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1101 14TH STREET NW 6TH FL</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>200055639</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SPECIFIC EDUCATIONAL PURPOSES</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SOUTHERN POVERTY LAW CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>400 WASHINGTON AVE</AddressLine1>
            <City>MONTGOMERY</City>
            <State>AL</State>
            <ZIPCode>36104</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SPECIFIC EDUCATIONAL PURPOSES</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>STANFORD UNIVERSITY SCHOOL OF MEDICINE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2700 SAND HILL ROAD</AddressLine1>
            <City>MENLO PARK</City>
            <State>CA</State>
            <ZIPCode>94025</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-SPECIFIC EDUCATIONAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>125000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE ISRAEL PROJECT</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2020 K STREET NW SUITE 7600</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20006</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-SPECIFIC EDUCATIONAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>100000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE WASHINGTON INSTITUTE FOR MID EAST</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1828 L STREET NW SUITE 1050</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20036</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SPECIFIC EDUCATIONAL PURPOSES</PurposeOfGrantOrContribution>
          <Amount>150000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HILLEL AT STANFORD</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 20526</AddressLine1>
            <City>STANFORD</City>
            <State>CA</State>
            <ZIPCode>94309</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-SPECIFIC EDUCATIONAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>12000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERICAN FRIENDS OF MELITZ</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5708 PARK HEIGHTS AVENUE</AddressLine1>
            <City>BALTIMORE</City>
            <State>MD</State>
            <ZIPCode>21215</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SPECIFIC EDUCATIONAL PURPOSES</PurposeOfGrantOrContribution>
          <Amount>15000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>JEWISH COUNCIL FOR PUBLIC AFFAIRS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>443 PARK AVENUE SOUTH</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10016</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-SPECIFIC EDUCATIONAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>7500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>JEWISH FEDERATION OF GREATER DALLAS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>7800 NORTHAVEN ROAD</AddressLine1>
            <City>DALLAS</City>
            <State>TX</State>
            <ZIPCode>75230</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-SPECIFIC EDUCATIONAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>COMMUNITY HOMES FOR ADULTS INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5959 ROYAL LANE</AddressLine1>
            <City>DALLAS</City>
            <State>TX</State>
            <ZIPCode>75230</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-SPECIFIC RELIGIOUS AND CHARITABLE PURPOSE</PurposeOfGrantOrContribution>
          <Amount>6500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE BIRTHRIGHT ISRAEL FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 1784</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10156</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-SPECIFIC RELIGIOUS AND CHARITABLE PURPOSE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>JEWISH COMMUNITY RELATIONS OF SF- INSTITUTE FOR CURRICULUM SERVICE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>121 STEUART STREET 301</AddressLine1>
            <City>SAN FRANCISCO</City>
            <State>CA</State>
            <ZIPCode>94105</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SPECIFIC RELIGIOUS &amp; EDUCATIONAL PURPOSES</PurposeOfGrantOrContribution>
          <Amount>275000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CONGREGATION OF SHEARITH ISRAEL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>9401 DOUGLAS AVENUE</AddressLine1>
            <City>DALLAS</City>
            <State>TX</State>
            <ZIPCode>75225</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-SPECIFIC EDUCATIONAL, RELIGIOUS &amp; CHARITABLE PUR</PurposeOfGrantOrContribution>
          <Amount>28500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FRIENDS OF THE ARAVA INSTITUTE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2041 HERR STREET STE 18</AddressLine1>
            <City>HARRISBURG</City>
            <State>PA</State>
            <ZIPCode>17103</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-SPECIFIC EDUCATIONAL, RELIGIOUS &amp; CHARITABLE PUR</PurposeOfGrantOrContribution>
          <Amount>7500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERICAN FRIENDS OF THE REUT INSTITUTE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>9100 WILSHIRE BLVD SUITE 400W</AddressLine1>
            <City>BEVERLY HILLS</City>
            <State>CA</State>
            <ZIPCode>90212</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SPECIFIC RELIGIOUS &amp; EDUCATIONAL PURPOSES</PurposeOfGrantOrContribution>
          <Amount>75000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>UNITED STATES HOLOCAUST MEMORIAL MUSEUM</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5925 FOREST LANE SUITE 517</AddressLine1>
            <City>DALLAS</City>
            <State>TX</State>
            <ZIPCode>75230</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SPECIFIC EDUCATIONAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DALLAS HOLOCAUST MUSEUM - HOPE FOR HUMANITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>211 N RECORD STREET SUITE 100</AddressLine1>
            <City>DALLAS</City>
            <State>TX</State>
            <ZIPCode>75202</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SPECIFIC EDUCATIONAL PURPOSE- HOPE FOR HUMANITY</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CENTER FOR COMMUNITY CHANGE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1536 U STREET NW 20009</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20009</ZIPCode>
          </RecipientUSAddress>
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          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
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        <NameOfStock>NIAS FUTURES FUND</NameOfStock>
        <EOYBookValue>1000000</EOYBookValue>
        <EOYFMV>1061524</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>HG CAPITAL IX LLC</NameOfStock>
        <EOYBookValue>69425</EOYBookValue>
        <EOYFMV>75000</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOther>
        <CategoryOrItem>STATE OF ISRAEL BONDS</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>500000</BookValue>
        <EOYFMV>500000</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>18195.63 UNITS DAVIDSON KEMPNER INSTITUTIONAL, LTD</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>0</BookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>2737.259 UNITS SENTINEL CAPITAL PARTNERS III,LP</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>343979</BookValue>
        <EOYFMV>395000</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>258.9 UNITS OF SENTINEL CAPITAL PARTNERS IV-A LP</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>162853</BookValue>
        <EOYFMV>220113</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>170,212 UNITS HARBOR BOND FUND INST CL</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>2184849</BookValue>
        <EOYFMV>2059566</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc2059000001">
      <LandEtc>
        <CategoryOrItem>COMPUTER EQUIPMENT</CategoryOrItem>
        <CostOrOtherBasis>924</CostOrOtherBasis>
        <AccumulatedDepreciation>924</AccumulatedDepreciation>
        <EOYFMV>0</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>APPLE NOTEBOOK COMPUTER</CategoryOrItem>
        <CostOrOtherBasis>2511</CostOrOtherBasis>
        <AccumulatedDepreciation>795</AccumulatedDepreciation>
        <BookValue>1716</BookValue>
        <EOYFMV>0</EOYFMV>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>APPLE COMPUTER CASE</CategoryOrItem>
        <CostOrOtherBasis>159</CostOrOtherBasis>
        <AccumulatedDepreciation>51</AccumulatedDepreciation>
        <BookValue>108</BookValue>
        <EOYFMV>0</EOYFMV>
      </LandEtc>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFees>
        <Category>WINSTEAD SECHREST</Category>
        <Amount>3336</Amount>
        <NetInvestmentIncome>500</NetInvestmentIncome>
        <DisbursementsCharitablePrps>2836</DisbursementsCharitablePrps>
      </LegalFees>
      <LegalFees>
        <Category>THOMAS FELDMAN &amp; WILSHUSEN</Category>
        <Amount>109411</Amount>
        <NetInvestmentIncome>16412</NetInvestmentIncome>
        <DisbursementsCharitablePrps>92999</DisbursementsCharitablePrps>
      </LegalFees>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssets>
        <Description>PREPAID FEDERAL EXCISE TAX</Description>
        <BOYBookValue>24412</BOYBookValue>
        <EOYBookValue>3099</EOYBookValue>
        <EOYFMV>3099</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>BANK FEES</Description>
        <RevenueAndExpensesPerBooks>100</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>100</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>CONTRACT LABOR</Description>
        <RevenueAndExpensesPerBooks>11520</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1152</NetInvestmentIncome>
        <DisbursementsCharitablePrps>10368</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OFFICE AND ADMINISTRATIVE EXPENSE</Description>
        <RevenueAndExpensesPerBooks>38527</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>5779</NetInvestmentIncome>
        <DisbursementsCharitablePrps>32748</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>DUES, CONFERENCE &amp; OTHER CHARITABLE EXPENSES</Description>
        <RevenueAndExpensesPerBooks>4716</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>4716</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>COMPUTER SUPPORT &amp; REPAIR</Description>
        <RevenueAndExpensesPerBooks>3041</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>456</NetInvestmentIncome>
        <DisbursementsCharitablePrps>2585</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PER K-1 - DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, LP PORTFOLIO DEDUCTIONS</Description>
        <RevenueAndExpensesPerBooks>6323</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>6323</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PER K-1 - SENTINEL CAPITAL PARTNERS IV LP- PORTFOLIO DEDUCTIONS</Description>
        <RevenueAndExpensesPerBooks>11826</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>11826</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PER K-1 - SENTINEL CAPITAL PARTNERS III LP- PORTFOLIO DEDUCTIONS</Description>
        <RevenueAndExpensesPerBooks>327</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>327</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PER K-1 - HG CAPITAL IX PORTFOLIO DEDUCTIONS</Description>
        <RevenueAndExpensesPerBooks>320</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>320</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncome>
        <Description>PER DAVIS KEMPNER INSTITUTIONAL PARTNERS LP- OTHER INCOME</Description>
        <RevenueAndExpensesPerBooks>5403</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>5403</NetInvestmentIncome>
        <AdjustedNetIncome>5403</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>ORDINARY BUSINESS INCOME PER K-1 - HG CAPITAL IX</Description>
        <RevenueAndExpensesPerBooks>-325</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-325</NetInvestmentIncome>
        <AdjustedNetIncome>-325</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>NET RENTAL REAL ESTATE INCOME PER K-1 - HG CAPITAL IX</Description>
        <RevenueAndExpensesPerBooks>-5716</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-5716</NetInvestmentIncome>
        <AdjustedNetIncome>-5716</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>OTHER INCOME PER K-1 - HG CAPITAL IX</Description>
        <RevenueAndExpensesPerBooks>694</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>694</NetInvestmentIncome>
        <AdjustedNetIncome>694</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFees>
        <Category>CHARITABLE CONSULTING</Category>
        <Amount>70989</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>70989</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>RE LOEWENBERG CAPITAL MANAGEMENT</Category>
        <Amount>68750</Amount>
        <NetInvestmentIncome>68750</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>CHARLES SCHWAB - ACCOUNT FEES</Category>
        <Amount>1404</Amount>
        <NetInvestmentIncome>1404</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>REGIS MANAGEMENT</Category>
        <Amount>73872</Amount>
        <NetInvestmentIncome>73872</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <Taxes>
        <Category>FOREIGN TAX EXPENSE</Category>
        <Amount>1811</Amount>
        <NetInvestmentIncome>1811</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>FEDERAL EXCISE TAX</Category>
        <Amount>21313</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>