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        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARGARET LIBBY</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>COLLEEN WALKER</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>CHAIR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>802</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MEGAN GORMAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>HELEN NORRIS</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JASON YOUNG</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DOUG MCCORMICK</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RICK KETCHUM</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>VICE CHAIR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOYCE NELSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MANISHA THAKOR</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BILLY HENSLEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>PRES. &amp; CEO</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>428004</CompensationAmt>
          <EmployeeBenefitProgramAmt>20871</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOANNE FLORES MOSES</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>TREAS. &amp; CFO</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>269235</CompensationAmt>
          <EmployeeBenefitProgramAmt>43503</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BRIAN FORD</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>SEC. &amp; COS</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>142846</CompensationAmt>
          <EmployeeBenefitProgramAmt>14914</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DIONNE BLUE PHD</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOURDAN JONES</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ROBIN NUNN</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CONNIE WEAVER</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KEVIN PLUMMER</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>BETH BEAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>SR VP INSTIT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>215066</CompensationAmt>
          <EmployeeBenefitsAmt>19282</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>ANNETTE FOWLER</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>SR. DIR. OPE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>149806</CompensationAmt>
          <EmployeeBenefitsAmt>38536</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>PAUL GOLDEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MD EXEC COMM</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>112191</CompensationAmt>
          <EmployeeBenefitsAmt>22460</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>JILL JONES</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MD RESEARCH</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>110212</CompensationAmt>
          <EmployeeBenefitsAmt>15012</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>AMELIA CONRAD</PersonNm>
          <USAddress>
            <AddressLine1Txt>1550 MARKET STREET STE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </USAddress>
          <TitleTxt>MD INSIGHTS</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>111035</CompensationAmt>
          <EmployeeBenefitsAmt>6198</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <OtherEmployeePaidOver50kCnt>20</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>CAMBRIDGE ADVISORS</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>PO BOX 83232</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60691</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INV ADVISOR</ServiceTypeTxt>
          <CompensationAmt>216250</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>QUALTRICS</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>333 W RIVER OAK DR</AddressLine1Txt>
            <CityNm>PROVO</CityNm>
            <StateAbbreviationCd>UT</StateAbbreviationCd>
            <ZIPCd>84606</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>RESEARCH</ServiceTypeTxt>
          <CompensationAmt>159395</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>MERIPLEX</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>10111 RICHMOND AVE SUITE 500</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77042</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>TECH CONSULT</ServiceTypeTxt>
          <CompensationAmt>152287</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BEACON TECHNOLOGIES</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>164-B THATCHER RD</AddressLine1Txt>
            <CityNm>GREENSBORO</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27409</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>CONSULTANT</ServiceTypeTxt>
          <CompensationAmt>88180</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>VELOSIO</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>PO BOX 933191</AddressLine1Txt>
            <CityNm>CLEVELAND</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>44193</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>CONSULTING</ServiceTypeTxt>
          <CompensationAmt>76638</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>10</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>RESEARCH AND GRANT FUNDING THROUGH SUPPORT AND MANAGEMENT OF RIGOROUS RESEARCH, NEFE IDENTIFIES KNOWLEDGE GAPS AND SEEKS EVIDENCE OF WHAT WORKS IN THE FIELD TO TEST THE EFFECTIVENESS OF FINANCIAL EDUCATION AND LAY THE GROUNDWORK FOR GREATER FUTURE IMPACT. FUNDING IS PROVIDED FOR RESEARCH THAT HAS THE POTENTIAL TO MAKE A PROFOUND CONTRIBUTION TO THE FIELD OF FINANCIAL EDUCATION AND SEEKS TO IMPROVE THE PUBLIC'S FINANCIAL WELL-BEING. NEFE CURRENTLY HAS SEVEN RESEARCH STUDIES IN PROGRESS AND HAS FUNDED 40 RESEARCH PROJECTS SINCE 2006. FINANCIAL EDUCATION INNOVATION AND IMPACT SUMMIT THROUGHOUT 2022, NEFE CELEBRATED ITS 30TH YEAR OF OPERATIONS. THE YEAR CULMINATED WITH THE INAUGURAL FINANCIAL EDUCATION INNOVATION &amp; IMPACT SUMMIT, A TWO- AND-A-HALF DAY EVENT TO RECOGNIZE THE PAST, PRESENT AND FUTURE OF THE ORGANIZATION'S WORK CHAMPIONING FINANCIAL EDUCATION AND STRENGTHEN PATHWAYS FOR IMPROVED WORK IN OUR FIELD. AWARENESS, PARTNERSHIPS, SPONSORSHIPS AND CONFERENCES NEFE PARTNERS WITH MISSIO</Description1Txt>
        <Expenses1Amt>6080404</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>175991346</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>10590080</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>186581426</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>186581426</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>2798721</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>183782705</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>9189135</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>7889055</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>7889055</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <PrivateOperatingFoundationsGrp>
        <PrivateOperatingFndtnRulingDt>2005-06-24</PrivateOperatingFndtnRulingDt>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>0</CurrentYearAmt>
          <Year1Amt>5069017</Year1Amt>
          <Year2Amt>5428078</Year2Amt>
          <Year3Amt>3562665</Year3Amt>
          <TotalAmt>14059760</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <Year1Amt>4308664</Year1Amt>
          <Year2Amt>4613866</Year2Amt>
          <Year3Amt>3028265</Year3Amt>
          <TotalAmt>11950795</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>7889055</CurrentYearAmt>
          <Year1Amt>6677478</Year1Amt>
          <Year2Amt>7049930</Year2Amt>
          <Year3Amt>7605606</Year3Amt>
          <TotalAmt>29222069</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriNotUsedDrtGrp>
          <CurrentYearAmt>786411</CurrentYearAmt>
          <Year1Amt>416662</Year1Amt>
          <Year2Amt>453366</Year2Amt>
          <Year3Amt>284609</Year3Amt>
          <TotalAmt>1941048</TotalAmt>
        </QualifyingDistriNotUsedDrtGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>7102644</CurrentYearAmt>
          <Year1Amt>6260816</Year1Amt>
          <Year2Amt>6596564</Year2Amt>
          <Year3Amt>7320997</Year3Amt>
          <TotalAmt>27281021</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>6126090</CurrentYearAmt>
          <Year1Amt>6419477</Year1Amt>
          <Year2Amt>5455781</Year2Amt>
          <Year3Amt>5612559</Year3Amt>
          <TotalAmt>23613907</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>APPLICATIONS SHOULD BE SUBMITTED TO</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1550 MARKET STREET SUITE 475</AddressLine1Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>3037416333</RecipientPhoneNum>
          <RecipientEmailAddressTxt>NEFE.ORG</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>APPLICANTS MUST SUBMIT A LETTER OF INQUIRY FORM AS THE FIRST STEP TO BEING CONSIDERED FOR FUNDING. THE FORM IS AVAILABLE ON NEFE'S WEBSITE AT NEFE.ORG</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NEFE ACCEPTS LETTERS OF INQUIRY ONCE PER YEAR, FROM SEPTEMBER 15 TO NOVEMBER 15.</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NEFE DOES NOT FUND PROJECTS THAT: O HAVE COMMERCIAL OR PROPRIETARY ELEMENTS. O ARE RELATED TO THE PILOT, DEVELOPMENT, EXECUTION, EVALUATION, EXPANSION OR ADMINISTRATION OF SPECIFIC PROGRAMS, COURSES OR CURRICULA.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE URBAN INSTITUTE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>500 LENFANT PLAZA SW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20024</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESEARCH GRANT</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE UNIVERSITY OF ALABAMA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>318 ROSE ADMINISTRATION</AddressLine1Txt>
            <AddressLine2Txt>BUILDING BOX 870135</AddressLine2Txt>
            <CityNm>TUSCALOOSA</CityNm>
            <StateAbbreviationCd>AL</StateAbbreviationCd>
            <ZIPCd>35487</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESEARCH GRANT</GrantOrContributionPurposeTxt>
          <Amt>54374</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE RAND CORPORATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1776 MAIN STREET</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 2138</AddressLine2Txt>
            <CityNm>SANTA MONICA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90407</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESEARCH GRANT</GrantOrContributionPurposeTxt>
          <Amt>213908</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEXAS TECH UNIVERSITY SYS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 41092</AddressLine1Txt>
            <CityNm>LUBBOCK</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>794091092</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESEARCH GRANT</GrantOrContributionPurposeTxt>
          <Amt>69134</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INDIANA UNIVERSITY OFFICE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>INDIANA UNIV AR DEPT 7892</AddressLine1Txt>
            <CityNm>DETROIT</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48278</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CASHCOURSE OPERATIONS</GrantOrContributionPurposeTxt>
          <Amt>234000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BOSTON COLLEGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>140 COMMONWEALTH AVE</AddressLine1Txt>
            <AddressLine2Txt>JOYCE HOUSE</AddressLine2Txt>
            <CityNm>CHESNUT HILL</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02467</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESEARCH GRANT</GrantOrContributionPurposeTxt>
          <Amt>184995</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>JACK BERNHARD KROGER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1550 MARKET STREET</AddressLine1Txt>
            <AddressLine2Txt>STE 475</AddressLine2Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>IND</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>DATABASE USE GRANT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>JEFFREY ANVARI-CLARK</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1550 MARKET STREET</AddressLine1Txt>
            <AddressLine2Txt>STE 475</AddressLine2Txt>
            <CityNm>GRAND FORKS</CityNm>
            <StateAbbreviationCd>ND</StateAbbreviationCd>
            <ZIPCd>58201</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>IND</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>DATABASE USE GRANT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LENA GAN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1550 MARKET STREET</AddressLine1Txt>
            <AddressLine2Txt>STE 475</AddressLine2Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>IND</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>DATABASE USE GRANT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LU FAN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1550 MARKET STREET</AddressLine1Txt>
            <AddressLine2Txt>STE 475</AddressLine2Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>IND</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>DATABASE USE GRANT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THOMAS KORANKYE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1550 MARKET STREET</AddressLine1Txt>
            <AddressLine2Txt>STE 475</AddressLine2Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>IND</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>DATABASE USE GRANT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>YINGYING ZENG</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1550 MARKET STREET</AddressLine1Txt>
            <AddressLine2Txt>STE 475</AddressLine2Txt>
            <CityNm>DENVER</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80202</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>IND</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>DATABASE USE GRANT</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>816411</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE RAND CORPORATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1776 MAIN STREET</AddressLine1Txt>
            <AddressLine2Txt>PO BOX 2138</AddressLine2Txt>
            <CityNm>SANTA MONICA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90407</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESEARCH GRANT</GrantOrContributionPurposeTxt>
          <Amt>166414</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ST LOUIS UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1 N GRAND BLVD</AddressLine1Txt>
            <CityNm>ST LOUIS</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>63103</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESEARCH GRANT</GrantOrContributionPurposeTxt>
          <Amt>295632</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF TENNESSEE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2621 MORGAN CIRCLE</AddressLine1Txt>
            <CityNm>KNOXVILLE</CityNm>
            <StateAbbreviationCd>TN</StateAbbreviationCd>
            <ZIPCd>37996</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESEARCH GRANT</GrantOrContributionPurposeTxt>
          <Amt>103689</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>565735</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1391623</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>12545</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>5781776</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>PASS-THROUGH ENTITIES</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-993188</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>PASS-THROUGH ENTITIES UBTI</Desc>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-13866</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>-1321</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>6180211</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>6178890</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="RetDoc1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>CY PRES STEWART V EARLY WARNING SVC</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1100 2ND AVE SUITE 300</AddressLine1Txt>
          <CityNm>SEATTLE</CityNm>
          <StateAbbreviationCd>WA</StateAbbreviationCd>
          <ZIPCd>98101</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>1593462</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>CY PRES WALTERS V TARGET</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1201 3RD AVE SUITE 500</AddressLine1Txt>
          <CityNm>SEATTLE</CityNm>
          <StateAbbreviationCd>WA</StateAbbreviationCd>
          <ZIPCd>98101</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>153644</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc3">
      <AccountingFeesDetail>
        <CategoryTxt>KUNDINGER, CORDER &amp; MONTOYA, PC</CategoryTxt>
        <Amt>49700</Amt>
        <NetInvestmentIncomeAmt>4970</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>4970</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>44730</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>WILLIS TOWERS WATSON</CategoryTxt>
        <Amt>5000</Amt>
        <DisbursementsCharitablePrpsAmt>5000</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>OCTOBER THREE CONSULTING LLC</CategoryTxt>
        <Amt>9285</Amt>
        <DisbursementsCharitablePrpsAmt>9285</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="RetDoc4">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>COMMONFUND VII UBTI</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>12713</GrossSalesPriceAmt>
        <TotalNetAmt>12713</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>COMMONFUND XI UBTI</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <BasisAmt>151</BasisAmt>
        <TotalNetAmt>-151</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>GREENSPRING 8 UBTI</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <GrossSalesPriceAmt>6</GrossSalesPriceAmt>
        <TotalNetAmt>6</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>INDUSTRY VENTURES VI UBTI</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <BasisAmt>19</BasisAmt>
        <TotalNetAmt>-19</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>SIGULER GUFF 4 UBTI</AssetDesc>
        <HowAcquiredTxt>PURCHASE</HowAcquiredTxt>
        <BasisAmt>4</BasisAmt>
        <TotalNetAmt>-4</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpBondsSchedule documentId="RetDoc5">
      <InvestmentsCorporateBondsGrp>
        <BondNm>DODGE &amp; COX INCOME FUND</BondNm>
        <EOYBookValueAmt>4090500</EOYBookValueAmt>
        <EOYFMVAmt>3807954</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>RBC GLOBAL ASSET MANAGEMENT</BondNm>
        <EOYBookValueAmt>6977210</EOYBookValueAmt>
        <EOYFMVAmt>6242339</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc6">
      <InvestmentsCorporateStockGrp>
        <StockNm>PUBLICLY TRADED SECURITIES</StockNm>
        <EOYBookValueAmt>23717755</EOYBookValueAmt>
        <EOYFMVAmt>27062670</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc7">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SILCHESTER INTERNATIONAL</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>16533012</BookValueAmt>
        <EOYFMVAmt>16273739</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WELLINGTON DURABLE COMPANIES</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>6507675</BookValueAmt>
        <EOYFMVAmt>6866253</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OWNERSHIP CAPITAL GLOBAL EQUITY FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>7049005</BookValueAmt>
        <EOYFMVAmt>6169852</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CITY OF LONDON EM INVESTABLE FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2206306</BookValueAmt>
        <EOYFMVAmt>3310687</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WELLINGTON EMERGING MARKETS OPP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WELLINGTON ARCHIPELAGO PARTNERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>293176</BookValueAmt>
        <EOYFMVAmt>6378259</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DAVIDSON KEMPNER INSTITUTIONAL PTNR</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>9400065</BookValueAmt>
        <EOYFMVAmt>17010179</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FORESTER DIVERSIFIED LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1566348</BookValueAmt>
        <EOYFMVAmt>2387339</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CIM ENTERPRISE LOAN FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>6206449</BookValueAmt>
        <EOYFMVAmt>6688276</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HARBORVEST REAL ASSETS 4 FEEDER FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2401858</BookValueAmt>
        <EOYFMVAmt>3232996</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AEW GLOBAL PROPERTY SECURITIES FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>8421257</BookValueAmt>
        <EOYFMVAmt>7504539</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AULDBRASS PTNRS SECONDARY OPP FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>413226</BookValueAmt>
        <EOYFMVAmt>299436</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>COMMONFUND INTL PIP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>169416</BookValueAmt>
        <EOYFMVAmt>71294</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>COMMONFUND PIP VII</CategoryOrItemTxt>
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        <EOYFMVAmt>203594</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>COMMONFUND VENTURE PARTNERS XI</CategoryOrItemTxt>
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        <BookValueAmt>1604344</BookValueAmt>
        <EOYFMVAmt>4781741</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DE SHAW BROAD MARKET</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>14326505</BookValueAmt>
        <EOYFMVAmt>14357381</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DOVER STREET 08 CAYMAN FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <EOYFMVAmt>239143</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DOVER STREET 09 CAYMAN FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>54702</BookValueAmt>
        <EOYFMVAmt>1906081</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DOVER STREET 10 FEEDER FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2696613</BookValueAmt>
        <EOYFMVAmt>4848992</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FORTRESS CREDIT OPP FUND V</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>492964</BookValueAmt>
        <EOYFMVAmt>524743</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GREENSPRING GLOBAL PARTNERS 8</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>1441785</BookValueAmt>
        <EOYFMVAmt>3165661</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GREENSPRING GLOBAL PARTNERS 9</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2075663</BookValueAmt>
        <EOYFMVAmt>3771609</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INDUSTRY VENTURE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>596093</BookValueAmt>
        <EOYFMVAmt>660018</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INDUSTRY VENTURE PARTNERS HOLDINGS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2386458</BookValueAmt>
        <EOYFMVAmt>5758146</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NB SECONDARY OPP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>464104</BookValueAmt>
        <EOYFMVAmt>612933</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NIO INFRASTRUCTURE FEEDER FUND II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>388553</BookValueAmt>
        <EOYFMVAmt>256707</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OVERLOOK PARTNERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>4000000</BookValueAmt>
        <EOYFMVAmt>3719943</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PARAMETRIC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2642429</BookValueAmt>
        <EOYFMVAmt>3091489</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRESERVER</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>4000000</BookValueAmt>
        <EOYFMVAmt>4000000</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PRIME FINANCE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>687109</BookValueAmt>
        <EOYFMVAmt>565963</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SIGULER GUFF DISS OPP FUND 3</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>36678</BookValueAmt>
        <EOYFMVAmt>129376</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SIGULER GUFF DISS OPP FUND 4</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>610955</BookValueAmt>
        <EOYFMVAmt>574899</EOYFMVAmt>
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        <AdjustedNetIncomeAmt>154</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>19979</DisbursementsCharitablePrpsAmt>
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      <LegalFeesGrp>
        <CategoryTxt>LEAFFER LAW GROUP</CategoryTxt>
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        <AdjustedNetIncomeAmt>54</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>22379</DisbursementsCharitablePrpsAmt>
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      <LegalFeesGrp>
        <CategoryTxt>BCLP</CategoryTxt>
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        <DisbursementsCharitablePrpsAmt>26419</DisbursementsCharitablePrpsAmt>
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      <LegalFeesGrp>
        <CategoryTxt>FISHER &amp; PHILLIPS LLP</CategoryTxt>
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        <DisbursementsCharitablePrpsAmt>5238</DisbursementsCharitablePrpsAmt>
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        <Desc>SPONSORSHIPS/COMM/MARKETING</Desc>
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        <DisbursementsCharitablePrpsAmt>477504</DisbursementsCharitablePrpsAmt>
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        <Desc>BUSINESS EXPENSES</Desc>
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        <AdjustedNetIncomeAmt>1534</AdjustedNetIncomeAmt>
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        <AdjustedNetIncomeAmt>-993188</AdjustedNetIncomeAmt>
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        <AdjustedNetIncomeAmt>4135</AdjustedNetIncomeAmt>
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      <OtherProfessionalFeesDetail>
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        <NetInvestmentIncomeAmt>216250</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>216250</AdjustedNetIncomeAmt>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>VULCAN VALUE PARTNERS, LLC</CategoryTxt>
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        <AdjustedNetIncomeAmt>47757</AdjustedNetIncomeAmt>
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      <OtherProfessionalFeesDetail>
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        <AdjustedNetIncomeAmt>5013</AdjustedNetIncomeAmt>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER PROFESSIONAL FEES</CategoryTxt>
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        <AdjustedNetIncomeAmt>3229</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>62882</DisbursementsCharitablePrpsAmt>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>WELLINGTON TRUST CO.</CategoryTxt>
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        <NetInvestmentIncomeAmt>54310</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>54310</AdjustedNetIncomeAmt>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>COOK STREET CONSULTING</CategoryTxt>
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        <DisbursementsCharitablePrpsAmt>34420</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>KEYBANK</CategoryTxt>
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        <NetInvestmentIncomeAmt>9115</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>9115</AdjustedNetIncomeAmt>
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      <OtherProfessionalFeesDetail>
        <CategoryTxt>WELLS FARGO</CategoryTxt>
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        <NetInvestmentIncomeAmt>2840</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2840</AdjustedNetIncomeAmt>
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      <OtherProfessionalFeesDetail>
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        <NetInvestmentIncomeAmt>7280</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>7280</AdjustedNetIncomeAmt>
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      <TaxesDetail>
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        <Amt>171614</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>2021 CO TAXES PAID IN 2022</CategoryTxt>
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      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
