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          <RecipientUSAddress>
            <AddressLine1Txt>DE LA LAND ROVER 200</AddressLine1Txt>
            <CityNm>CURRIDABAT</CityNm>
            <StateAbbreviationCd>AA</StateAbbreviationCd>
            <ZIPCd>34001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>LOCAL NGO</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>YOUTH EMPLOYMENT PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FUNDACION CAMBIO CREATIVO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>AVENIDA B EDIFICIO</AddressLine1Txt>
            <CityNm>PANAMA CITY</CityNm>
            <StateAbbreviationCd>AA</StateAbbreviationCd>
            <ZIPCd>34001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>LOCAL NGO</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAMS FOR LOW INCOME CHILDREN</GrantOrContributionPurposeTxt>
          <Amt>10875</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FUNDACION CALICANTO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>CALLE 4TA OESTE EDIFICIO</AddressLine1Txt>
            <CityNm>PANAMA CITY</CityNm>
            <StateAbbreviationCd>AA</StateAbbreviationCd>
            <ZIPCd>34001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>LOCAL NGO</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIPS FOR LOW INCOME WOMEN</GrantOrContributionPurposeTxt>
          <Amt>18750</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PRODIM - PROGRAMAS PARA EL</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>DESARROLLO</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>COLONIA PALMIRA 2A AVE</AddressLine1Txt>
            <CityNm>TEGUCIGUALPA</CityNm>
            <StateAbbreviationCd>AA</StateAbbreviationCd>
            <ZIPCd>34001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>LOCAL NGO</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY PHARMA PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>22500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ROBLEALTO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>AVENIDA 36</AddressLine1Txt>
            <CityNm>SAN JOSE</CityNm>
            <StateAbbreviationCd>AA</StateAbbreviationCd>
            <ZIPCd>34001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>LOCAL NGO</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SALARY OF NUTRITIONIST FOR DAYCARE</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UN MUNDO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ALDEA DE EL PITAL</AddressLine1Txt>
            <CityNm>CANGREJA</CityNm>
            <StateAbbreviationCd>AA</StateAbbreviationCd>
            <ZIPCd>34001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>LOCAL NGO</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>LITERACY PROJECT IN RURAL COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNITED WORLD COLLEGE COSTA RICA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>DE LA ESQUINA SURESTE</AddressLine1Txt>
            <CityNm>SAN JOSE</CityNm>
            <StateAbbreviationCd>AA</StateAbbreviationCd>
            <ZIPCd>34001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>LOCAL NGO</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>BRING STUDENTS ALL OVER THE WORLD</GrantOrContributionPurposeTxt>
          <Amt>12500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>OYE - ORGANIZACION EMPODERAMIENTO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ECO PASAJE CENTERNARIO</AddressLine1Txt>
            <CityNm>EL PROGRESO</CityNm>
            <StateAbbreviationCd>AA</StateAbbreviationCd>
            <ZIPCd>34001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>LOCAL NGO</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>18750</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>EMPOWERMENT INTERNATIONAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PLAZA IMMACULADA MODULO</AddressLine1Txt>
            <CityNm>GRANADA</CityNm>
            <StateAbbreviationCd>AA</StateAbbreviationCd>
            <ZIPCd>34001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>LOCAL NGO</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ERIC REICHE SCHOLARSHIP</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>N/A</AddressLine1Txt>
            <CityNm>NA</CityNm>
            <StateAbbreviationCd>AA</StateAbbreviationCd>
            <ZIPCd>34001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>LOCAL NGO</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>27000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>320375</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <ProgramServiceRevenueDtl>
          <Desc>K-1 RIO FUERTE ENTERPRISES</Desc>
        </ProgramServiceRevenueDtl>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>97974</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>106710</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <RelatedOrExemptFunctionIncmAmt>96316</RelatedOrExemptFunctionIncmAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <UnrelatedBusinessTaxblIncmAmt>789509</UnrelatedBusinessTaxblIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K1 RFE LP OTHER INCOME</Desc>
          <RelatedOrExemptFunctionIncmAmt>27675</RelatedOrExemptFunctionIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K1 RFE LP ORD BUS INCOME</Desc>
          <BusinessCd>525990</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>209384</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K1 RF CAPITAL ORD BUS INCOM</Desc>
          <BusinessCd>525990</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-6293</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>992600</UnrelatedBusinessTaxblIncmAmt>
          <RelatedOrExemptFunctionIncmAmt>328675</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1321275</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>NET INCOME OF 300,988 IS EARNED FROM INVESTMENTS IN "RIO FUERTE ENTERPRISES LP". THE STRACHAN FOUNDATION ASSETS ARE INVESTED IN AND MANAGED BY "RIO FUERTE ENTERPRISES LP". THE INVESTMENTS IN RIO FUERTE ATTEMPT TO GENERATE A SUFFICIENT AMOUNT OF INCOME TO FUND THE ANNUAL OPERATIONS OF THE FOUNDATION SO THAT IT CAN ACCOMPLISH THE EXEMPT PURPOSES FOR WHICH IT WAS CREATED WHICH IS TO PROMOTE SOCIAL INVESTMENT IN CENTRAL AMERICA. WE SUPPORT INNOVATIVE PROJECTS THAT PREPARE AND EMPOWER PEOPLE AND COMMUNITIES TO CREATIVELY SOLVE THE PROBLEMS THEY FACE. WITHIN THAT BROAD OBJECTIVE, OUR CURRENT FOCUS IS ON CENTRAL AMERICA, INCLUDING COSTA RICA, HONDURAS, EL SALVADOR, GUATEMALA, NICARAGUA, AND PANAMA FOR THE PURPOSES DESCRIBED ABOVE.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>3</LineNumberTxt>
          <RelationshipStatementTxt>INTEREST INCOME OF 97,962 EARNED ON BANK BALANCE IS USED FOR EXEMPT PURPOSES AS DESCRIBED ABOVE.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc1">
      <AccountingFeesDetail>
        <CategoryTxt>PROFESSIONAL FEES</CategoryTxt>
        <Amt>18273</Amt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc2">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>SHORT-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY</AssetDesc>
        <GrossSalesPriceAmt>27624</GrossSalesPriceAmt>
        <TotalNetAmt>27624</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>LONG-TERM GAIN/LOSS FROM PASS-THROUGH ENTITY</AssetDesc>
        <GrossSalesPriceAmt>761885</GrossSalesPriceAmt>
        <TotalNetAmt>761885</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc3">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INV IN RIO FUERTE ENTERPRISES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>9366271</BookValueAmt>
        <EOYFMVAmt>14412801</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>RECEIVABLES FROM RIO FUERTE'S INVEST</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1756020</BookValueAmt>
        <EOYFMVAmt>1756020</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INV IN RIO FUERTE CAPITAL LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>646536</BookValueAmt>
        <EOYFMVAmt>1000949</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="RetDoc4">
      <OtherExpensesScheduleGrp>
        <Desc>K-1 RIO FUERTE ENTERPRISES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>RENTAL EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>9811</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>K1 RFE, LP - INVESTMENT EXPS</Desc>
        <RevenueAndExpensesPerBooksAmt>45709</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>45709</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>K1 RFC, LP - INVESTMENT EXPS</Desc>
        <RevenueAndExpensesPerBooksAmt>2425</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2425</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPORT</Desc>
        <RevenueAndExpensesPerBooksAmt>20000</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>20000</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>WORKSHOPS</Desc>
        <RevenueAndExpensesPerBooksAmt>300</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>300</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>921</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>921</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>K1 RFE OTHER DEDUCTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>202557</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>202557</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>K1 RFE SEC 743 NEGATIVE ADJ</Desc>
        <RevenueAndExpensesPerBooksAmt>2702</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2702</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>K1 RFE, LP - N/D EXPS</Desc>
        <RevenueAndExpensesPerBooksAmt>32818</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>32818</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>K1 RFC, LP - N/D EXPS</Desc>
        <RevenueAndExpensesPerBooksAmt>38</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>38</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc6">
      <OtherIncomeDetail>
        <Desc>K1 RFE SUBPART F INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>41784</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>41784</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K1 RFE SEC 743 POSITIVE ADJ</Desc>
        <RevenueAndExpensesPerBooksAmt>5</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K1 RFE OTHER PORTFOLIO INC</Desc>
        <RevenueAndExpensesPerBooksAmt>48179</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>48179</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K1 RF CAPITAL OTHER PORT INC</Desc>
        <RevenueAndExpensesPerBooksAmt>76</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>76</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K1 RFE CANCELLATION OF DEBT</Desc>
        <RevenueAndExpensesPerBooksAmt>2846</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2846</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K1 RFE 1256 LOSS</Desc>
        <RevenueAndExpensesPerBooksAmt>-51</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-51</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K1 RFE OTHER TAX EXEMPT INC</Desc>
        <RevenueAndExpensesPerBooksAmt>190</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>190</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K-1 RFE LP ROYALTY INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>3287</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3287</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K1 RFE LP OTHER INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>27675</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K1 RFE LP ORD BUS INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>209384</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K1 RF CAPITAL ORD BUS INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>-6293</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc5">
      <OtherIncreasesDetail>
        <Desc>TAX-FREE REORGANIZATION</Desc>
        <Amt>11167047</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
  </ReturnData>
</Return>
