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    <ReturnTs>2024-05-11T10:28:06-07:00</ReturnTs>
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      <PreparerFirmEIN>991323924</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>FREDA WU CPA A PROFESSIONAL ACCOUNTANCY CORPORATIO</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>777 E Valley Blvd Unit27</AddressLine1Txt>
        <CityNm>Alhambra</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>91801</ZIPCd>
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    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>205291583</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>CK AND KAY HO FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>CKAN</BusinessNameControlTxt>
      <PhoneNum>3103773097</PhoneNum>
      <USAddress>
        <AddressLine1Txt>6831 ALTA VISTA DR</AddressLine1Txt>
        <CityNm>RANCHO PALOS VERDES</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>90275</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>HING KAY HO</PersonNm>
      <PersonTitleTxt>Director</PersonTitleTxt>
      <SignatureDt>2024-05-11</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
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    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>HING KAY</PersonFirstNm>
        <PersonLastNm>HO</PersonLastNm>
      </PersonFullName>
      <SSN>999009999</SSN>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>Freda Wu</PreparerPersonNm>
      <PTIN>P01601647</PTIN>
      <PhoneNum>6266729887</PhoneNum>
    </PreparerPersonGrp>
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      <TrustedCustomerGrp>
        <TrustedCustomerCd>0</TrustedCustomerCd>
        <AuthenticationAssuranceLevelCd>AAL1</AuthenticationAssuranceLevelCd>
        <IdentityAssuranceLevelCd>IAL1</IdentityAssuranceLevelCd>
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    <TaxYr>2023</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
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    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation BinaryAttachment.1 BinaryAttachment.2 BinaryAttachment.3 BinaryAttachment.4" softwareId="23017518" softwareVersionNum="2023v5.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>10429892</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>607273</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>4088</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>4088</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>4088</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>297513</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>297513</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>297513</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>319759</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>3278968</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>319759</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>21923</NetSTCapitalGainAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">100493</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>100493</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>100493</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>1329126</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>721853</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>424017</TotalAdjNetIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">3048</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>3048</TaxesNetInvstIncmAmt>
        <TaxesAdjNetIncmAmt>3048</TaxesAdjNetIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">47636</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>47636</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>47636</OtherExpensesAdjNetIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>50684</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>50684</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>50684</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>1178000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>1178000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>1228684</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>50684</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>50684</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>1178000</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>100442</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>671169</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>373333</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>241897</CashBOYAmt>
        <CashEOYAmt>63798</CashEOYAmt>
        <CashEOYFMVAmt>63798</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>309111</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>339673</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>339673</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>3756609</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">3998284</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>4879312</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>5340965</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="InvestmentsCorpBondsSchedule">5341310</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>4941044</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>173306</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">183902</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>206065</OtherInvestmentsEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="OtherAssetsSchedule">33535</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSchedule">28673</OtherAssetsEOYAmt>
        <TotalAssetsBOYAmt>9855423</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>9955640</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>10429892</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="OtherLiabilitiesSchedule">6039</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="OtherLiabilitiesSchedule">5814</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>6039</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>5814</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>11759107</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>11759107</CapitalStockEOYAmt>
        <RetainedEarningBOYAmt>-1909723</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>-1809281</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>9849384</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>9949826</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>9855423</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>9955640</TotalLiabilitiesNetAstEOYAmt>
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      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>9849384</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>100442</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>9949826</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>9949826</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Exhibit A S/T</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>1444387</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1422466</CostOrOtherBasisAmt>
          <GainOrLossAmt>21921</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>21921</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Exhibit B L/T</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2022-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>1832579</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1534669</CostOrOtherBasisAmt>
          <GainOrLossAmt>297910</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>297910</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>93 ISHARES GSCI</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-05-24</AcquiredDt>
          <SoldDt>2023-08-08</SoldDt>
          <GrossSalesPriceAmt>2000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2074</CostOrOtherBasisAmt>
          <GainOrLossAmt>-74</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-74</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>K-1: I Shares S/T</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2023-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>2</GrossSalesPriceAmt>
          <GainOrLossAmt>2</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2</GainsMinusExcessOrLossesAmt>
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        <CapitalGainNetIncomeAmt>319759</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>21923</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>9329</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>9329</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>9329</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>13236</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>13236</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>3907</OverpaymentAmt>
        <AppliedToESTaxAmt>3907</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>KAY HO</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>3103773097</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>6831 ALTA VISTA DRIVE</AddressLine1Txt>
          <CityNm>RANCHO PALOS VERDES</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>902755603</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>HING KAY HO</PersonNm>
          <USAddress>
            <AddressLine1Txt>6831 ALTA VISTA DRIVE</AddressLine1Txt>
            <CityNm>RANCHO PALOS VERDES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90275</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>4.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>VANESSA K HO</PersonNm>
          <USAddress>
            <AddressLine1Txt>6831 ALTA VISTA DRIVE</AddressLine1Txt>
            <CityNm>RANCHO PALOS VERDES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90275</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>4.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHRISTOPHER K HO</PersonNm>
          <USAddress>
            <AddressLine1Txt>260 PARK AVE S 2J</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>100107260</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>4.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>9647398</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>514612</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>10162010</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>10162010</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>152430</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>10009580</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>500479</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>500479</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>9329</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>9329</TotalTaxAmt>
        <DistributableBeforeAdjAmt>491150</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>491150</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>491150</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>1178000</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>1178000</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>491150</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>236015</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>296255</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>150599</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>388613</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>588783</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>1660265</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>1178000</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>491150</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>686850</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>2347115</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>236015</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>2111100</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>296255</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>150599</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>388613</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>588783</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>686850</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BREAD OF LIFE CHURCH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2780 LOMITA BLVD</AddressLine1Txt>
            <CityNm>TORRANCE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90505</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR TEH BREAD OF LIFE CHURCH GENERAL FUND AND FOR CHRISTIAN MISSIONARIRES WORLDWIDE</GrantOrContributionPurposeTxt>
          <Amt>12000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>OC INTERNATIONAL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 36900</AddressLine1Txt>
            <CityNm>COLORADO SPRINGS</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80936</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR THE SUPPORT OF CHRISTIAN MISSIONARIES WORLDWIDE</GrantOrContributionPurposeTxt>
          <Amt>26000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>EVANGELICAL FREE CHURCH MISSION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>901 E 78TH STREET</AddressLine1Txt>
            <CityNm>MINNEAPOLIS</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55420</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR THE EVANGELICAL FREE CHURCH GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PIONEERS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>10123 WILLIAM CAREY DRIVE</AddressLine1Txt>
            <CityNm>ORLANDO</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32832</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR THE SUPPORT OF CHRISTIAN MISSIONARIES WORLDWIDE</GrantOrContributionPurposeTxt>
          <Amt>11000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>WYCLIFFE BIBLE TRANSLATORS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>P O BOX 628200</AddressLine1Txt>
            <CityNm>ORLANDO</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32862</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR THE SUPPORT OF CHRISTIAN PUBLICATIONS AND TRANSLATIONS</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ASIA ART ARCHIVE IN AMERICA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>43 REMSEN STREET</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11201</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO COLLECT, PRESERVE AND MAKE INFORMATION ON CONTEMPORARY ART FROM AND OF ASIA EASILY ACCESSIBLE IN ORDER TO FACILIATE UNDERSTANDING, RESEARCH AND WRITING IN THE FILELD</GrantOrContributionPurposeTxt>
          <Amt>18000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THE NAVIGATORS GIFT PROCESSING CENT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 6027</AddressLine1Txt>
            <CityNm>ALBERT LEA</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56007</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR THE SUPPORT OF CHRISTIAN MISSIONARIES WORLDWIDE</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CAMPUS EVANGELICAL FELLOWSHIP INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>365 DU PAHZE STREET</AddressLine1Txt>
            <CityNm>NAPERVILLE</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60565</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR THE CAMPUS EVANGELICAL FELLOWSHIP GENERAL FUND</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>OVERSEAS CAMPUS MINISTRIES INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1753 CABRILLO AVENUE</AddressLine1Txt>
            <CityNm>TORRANCE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90501</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR THE SUPPORT OF CHRISTIAN MISSIONARIES &amp; EDUCATIONAL SERVICES WORLDWIDE</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TELLURIDE THEATRE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 2469</AddressLine1Txt>
            <CityNm>TELLURIDE</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>81435</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO SUPPORT ORGINAL THEATRE AND THEATRE EDUCATION IN TELLURIDE</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SEND INTERNATIONAL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 513</AddressLine1Txt>
            <CityNm>FARMINGTON</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48332</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR THE SUPPORT OF CHRISTIAN MISSIONARIES &amp; EDUCATIONAL SERVICES WORLDWIDE</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PACIFIC SEAFARERS MISSION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>526 E ANAHEIM STREET 2ND FLOOR</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90813</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PREACHING THE GOOD NEWS TO ALL SEAFARERS</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>JONI FRIENDS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>P O BOX 3333</AddressLine1Txt>
            <CityNm>AGOURA HILLS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91376</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO PROVIDE AID TO FAMILIES THAT LIVE WITH DISABILITY</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Africa Inland Mission</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 3611</AddressLine1Txt>
            <CityNm>Peachtree City</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30269</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>For projects or to support an AIM member.</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>TELLURIDE ART</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 152</AddressLine1Txt>
            <CityNm>Telluride</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>81435</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To support art work.</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Indopartners Agency Inc</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>550 W Baseline Road Ste102-509</AddressLine1Txt>
            <CityNm>Mesa</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85210</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Equipping young people to be involved in cross-cultural missions, mobilizing people around the world to pray for Indonesia and serving Indonesian Christian workers by offering member care.</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Far East Broadcasting Company Inc</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>15700 Imperial Highway</AddressLine1Txt>
            <CityNm>La Mirada</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90638</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FEBC leadership around the world are passionate about reaching people with the life-changing message of Jesus Christ.</GrantOrContributionPurposeTxt>
          <Amt>260000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>OMF International</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>10 West Dry Creek Circle</AddressLine1Txt>
            <CityNm>Littleton</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80120</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>OMF is serving the church, sharing the gospel. OMF partners with 2,500+ workers from over 40 nations to serve more than 100 East Asian people groups.</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Campus Crusade for Christ</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 628222</AddressLine1Txt>
            <CityNm>Orlando</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32862</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Our purpose is helping to fulfill the Great Commission in the power of the Holy Spirit by winning people to faith in Jesus Christ, building them in their faith and sending them to win and build others.</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Monte Vista Grove Homes</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2889 San Pasqual Street</AddressLine1Txt>
            <CityNm>Pasadena</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91107</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>The mission of Monte Vista Grove Homes is to be a holistic and vibrant senior community one filled with creativity, love and compassion.</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Powerhouse Arts</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>322 3rd Ave</AddressLine1Txt>
            <CityNm>Brooklyn</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11215</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To Suport art work at Powerhouse Arts.</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>The Salvation Army</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>138 S Bandini Ave</AddressLine1Txt>
            <CityNm>San Pedro</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90731</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To provide vital sevices including food, utility and rent assistance, after school programs that keep vulnerable children safe and nuture their development, senior citizen programs that provide housing, social supports and daily warm meals, or shelters that offer comprehensive supportive services for men, women and their children.</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Pacific Seafarers Mission</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>526 E ANAHEIM STREET 2ND FLOOR</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90813</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PREACHING THE GOOD NEWS TO ALL SEAFARERS</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1178000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>4088</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>297513</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>319759</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Capital Gain Distribution</Desc>
          <RelatedOrExemptFunctionIncmAmt>99604</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Class Action Proceeds</Desc>
          <RelatedOrExemptFunctionIncmAmt>252</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>NonDivided Distribution</Desc>
          <RelatedOrExemptFunctionIncmAmt>454</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OID</Desc>
          <RelatedOrExemptFunctionIncmAmt>181</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Other Income K-1</Desc>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Section 1250 Gain</Desc>
          <RelatedOrExemptFunctionIncmAmt>2</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>721853</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>721853</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>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="23017518" softwareVersionNum="2023v5.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>HING KAY HO</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>6831 ALTA VISTA DRIVE</AddressLine1Txt>
          <CityNm>RANCHO PALOS VERDES</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>902755603</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>537525</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>Public Traded Securities, See Exhibit D.</NoncashPropertyDesc>
        <FairMarketValueAmt>526368</FairMarketValueAmt>
        <ReceivedDt>2023-08-30</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedule" softwareId="23017518" softwareVersionNum="2023v5.0">
      <InvestmentsCorporateBondsGrp>
        <BondNm>EXHIBIT C</BondNm>
        <EOYBookValueAmt>5341310</EOYBookValueAmt>
        <EOYFMVAmt>4941044</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="23017518" softwareVersionNum="2023v5.0">
      <InvestmentsCorporateStockGrp>
        <StockNm>EXHIBIT C</StockNm>
        <EOYBookValueAmt>3998284</EOYBookValueAmt>
        <EOYFMVAmt>4879312</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="23017518" softwareVersionNum="2023v5.0">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>13,687.827 BNY Mellon Global Real Estate</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>129686</BookValueAmt>
        <EOYFMVAmt>108955</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>4,841 ISHARES S&amp;P GSCI Commodity-Indexed</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>54216</BookValueAmt>
        <EOYFMVAmt>97110</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="23017518" softwareVersionNum="2023v5.0">
      <OtherAssetsScheduleGrp>
        <Desc>ISHARES S&amp;P GSCI</Desc>
        <BOYBookValueAmt>33535</BOYBookValueAmt>
        <EOYBookValueAmt>28673</EOYBookValueAmt>
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    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="23017518" softwareVersionNum="2023v5.0">
      <OtherExpensesScheduleGrp>
        <Desc>Accured Market Discount</Desc>
        <RevenueAndExpensesPerBooksAmt>57</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>57</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>57</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>35437</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>35437</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>35437</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>K-1: ISHARES S&amp;P 13W</Desc>
        <RevenueAndExpensesPerBooksAmt>8333</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>8333</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>8333</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Other Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>3809</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3809</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>3809</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="23017518" softwareVersionNum="2023v5.0">
      <OtherIncomeDetail>
        <Desc>Capital Gain Distribution</Desc>
        <RevenueAndExpensesPerBooksAmt>99604</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>99604</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>99604</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Class Action Proceeds</Desc>
        <RevenueAndExpensesPerBooksAmt>252</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>252</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>252</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>NonDivided Distribution</Desc>
        <RevenueAndExpensesPerBooksAmt>454</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>454</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>454</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OID</Desc>
        <RevenueAndExpensesPerBooksAmt>181</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>181</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>181</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Section 1250 Gain</Desc>
        <RevenueAndExpensesPerBooksAmt>2</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="OtherLiabilitiesSchedule" softwareId="23017518" softwareVersionNum="2023v5.0">
      <OtherLiabilitiesDetail>
        <Desc>ACCRUED INTEREST CARRYOVER</Desc>
        <BOYBookValueAmt>821</BOYBookValueAmt>
        <EOYBookValueAmt>596</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>LOAN FROM OTHERS</Desc>
        <BOYBookValueAmt>5218</BOYBookValueAmt>
        <EOYBookValueAmt>5218</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="23017518" softwareVersionNum="2023v5.0">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX WITHHELD</CategoryTxt>
        <Amt>2948</Amt>
        <NetInvestmentIncomeAmt>2948</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2948</AdjustedNetIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>LICENSES &amp; PERMITES</CategoryTxt>
        <Amt>100</Amt>
        <NetInvestmentIncomeAmt>100</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>100</AdjustedNetIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
