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          <HowAcquiredCd>P</HowAcquiredCd>
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          <SoldDt>2022-05-26</SoldDt>
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          <PropertyDesc>HONEYWELL INTERNATIONAL INC</PropertyDesc>
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          <PropertyDesc>XYLEM INC COM</PropertyDesc>
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          <PropertyDesc>AMAZON COM INC</PropertyDesc>
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        <TotalFMVOfUnusedAssetsAmt>32108809</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>32108809</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>481632</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>31627177</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1581359</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1581359</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>6829</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>6829</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1574530</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>1574530</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>1574530</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>1687914</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>1687914</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1574530</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>1669109</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>1687914</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>1669109</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>18805</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>1555725</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>SUZANNE LIAPIS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 692</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56619</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>2184444963</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>GENERAL OUTLINE OF PROPOSAL</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>QUALIFIED CHARITABLE ORGANIZATIONS</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI STATE UNIVERSITY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1500 BIRCHMONT DRIVE NW 17</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FULL TUITION SCHOLARSHIPS</GrantOrContributionPurposeTxt>
          <Amt>40520</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI STATE UNIVERSITY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1500 BIRCHMONT DRIVE NW 17</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FUND 14 INTERNSHIPS</GrantOrContributionPurposeTxt>
          <Amt>37500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LUTHERAN SOCIAL SERVICES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>216 3RD STREET NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY MEALS FREEZER</GrantOrContributionPurposeTxt>
          <Amt>5522</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI ISD #31</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>502 MINNESOTA AVENUE NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>LOCAL GOVERNMENT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>A CAPPELLA TRAVEL</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI CAREER ACADEMIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>502 MINNESOTA AVENUE NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>LOCAL GOVERNMENT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>2022 COUNSELOR</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI CURLING CLUB</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1230 23RD ST NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>REPLACE ICE PLANT &amp; PAINT</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BELTRAMI COUNTY NATURAL RESOURSE MGMT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>701 MINNESOTA AVE NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>LOCAL GOVERNMENT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>BIKE TRAIL MAINTENANCE</GrantOrContributionPurposeTxt>
          <Amt>16179</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LAKES AREA DIVE TEAM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 908</AddressLine1Txt>
            <CityNm>WALKER</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56484</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>REMOTE OPERATING VEHICLE</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BELTRAMI COUNTY SHERIFF DEPARTMENT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>613 MINNESOTA AVE NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>LOCAL GOVERNMENT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SWAT EQUIPMENT</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI STATE UNIVERSITY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1500 BIRCHMONT DRIVE NW 17</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FUND 30 SCHOLARSHIPS</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BOYS AND GIRLS CLUB OF THE BEMIDJI AREA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1600 MINNESOTA AVE NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAMMING 2022-2023</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LET'S GO FISHING BEMDIJI CHAPTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4928 WHITETAIL RD NE</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>NEW PONTOON</GrantOrContributionPurposeTxt>
          <Amt>46000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI ROTARY CLUB</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1270 NEILSON AVE SE</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>NATURAL PLAYGROUND</GrantOrContributionPurposeTxt>
          <Amt>36165</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HEADWATERS SHOOTING SPORTS FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>8257 MN-89</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>5 PART PROJECT</GrantOrContributionPurposeTxt>
          <Amt>78000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI ISD #31</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>502 MINNESOTA AVE NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>LOCAL GOVERNMENT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>2022 HIGH SCHOOL GRAD PARTY</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI SYMPHONY ORCHESTRA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>519 MINNESOTA AVE NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FUND 2 CONCERTS</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BELTRAMI COUNTY AGRICULTURAL ASSOCIATES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>7223 FAIRGROUNDS RD NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>WIFI UPDATE</GrantOrContributionPurposeTxt>
          <Amt>18200</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI ISD #31 EDUCATION FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>502 MINNESOTA AVE NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>LOCAL GOVERNMENT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>MATCHING GRANT</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ALASKA VOLUNTEER FIRE DEPT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>28987 ALASKA LN NW</AddressLine1Txt>
            <CityNm>PUPOSKY</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56667</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FIREFIGHTING GEAR</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GREATER BEMIDJI</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>102 1ST ST W</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELOCATION MARKETING PROGRAM 2022</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BELTRAMI COUNTY HISTORICAL SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>130 MINNESOTA AVE SW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EXECUTIVE DIRECTORY SALARY</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BELTRAMI COUNTY HISTORICAL SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>130 MINNESOTA AVE SW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SCANNERS/M CABINET</GrantOrContributionPurposeTxt>
          <Amt>11500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CONCORDIA LANGUAGE VILLAGES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>8659 THORSONVEIEN RD</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>KOREAN VILLAGER GRANT</GrantOrContributionPurposeTxt>
          <Amt>300000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FACE-IT-TOGETHER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>408 BELTRAMI AVE NW STE 100</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>INTERIM FUNDING</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MISSISSIPPI HEADWATERS AUDUBON SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>48851 COUNTY 29</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>POLLINATOR GARDEN</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI MIDDLE SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>502 MINNESOTA AVE NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>LOCAL GOVERNMENT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ROBOTICS CLUB WORLD COMPETITION</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI YOUTH LEAGUE BASEBALL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2221 MIDDLE SCHOOL DR NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>IRRIGATION SYSTEM</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GREENWOOD CEMETARTY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1903 BEMIDJI AVE N</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>REPAIR/EQUIPMENT/MAINTENANCE</GrantOrContributionPurposeTxt>
          <Amt>72658</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BELTRAMI COUNTY AGRICULTURAL ASSOCIATES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>7223 FAIRGROUNDS RD NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>MURAL PROJECT</GrantOrContributionPurposeTxt>
          <Amt>2350</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NORTHWEST TECHNICAL COLLEGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>905 GRANT AVE SE</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>2022 SCHOLARSHIPS</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI AREA CROSS COUNTRY SKI CLUB</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 3165</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56619</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EQUIPMENT UPGRADE</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BOYS AND GIRLS CLUB OF THE BEMIDJI AREA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1600 MINNESOTA AVE NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAMMING 2021-2022</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FIRST NATIONAL BANK FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 670</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56619</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>2 YEARS FUNDING</GrantOrContributionPurposeTxt>
          <Amt>7000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BOYS AND GIRLS CLUB OF THE BEMIDJI AREA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1600 MINNESOTA AVE NW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HVAC PROJECT</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1587594</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BELTRAMI COUNTY HISTORICAL SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>130 MINNESOTA AVE SW</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EXECUTIVE DIRECTOR SALARY</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEMIDJI STATE UNIVERSITY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1500 BIRCHMONT DRIVE NW 17</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FUND 14 INTERNSHIPS</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GREATER BEMIDJI</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>102 1ST ST W</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>WELLNESS PROJECT</GrantOrContributionPurposeTxt>
          <Amt>1600000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NORTHWOODS BATTERED WOMENS SHELTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 563</AddressLine1Txt>
            <CityNm>BEMIDJI</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>56601</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>NEW BUILDING</GrantOrContributionPurposeTxt>
          <Amt>500000</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>2260000</TotalGrantOrContriApprvFutAmt>
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      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>612939</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-176666</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>436273</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>436273</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>MILLER MCDONALD, INC.</CategoryTxt>
        <Amt>7800</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7800</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
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        <BondNm>LOWES COMPANIES INC 3.875 9/15/2023</BondNm>
        <EOYBookValueAmt>355111</EOYBookValueAmt>
        <EOYFMVAmt>336787</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>BERKSHIRE HATHAWAY INC 3.0 2/11/23</BondNm>
        <EOYBookValueAmt>151800</EOYBookValueAmt>
        <EOYFMVAmt>149696</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>EXXON MOBIL CORP 2.709 3/6/2025</BondNm>
        <EOYBookValueAmt>200671</EOYBookValueAmt>
        <EOYFMVAmt>191242</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>PRECISION CASTPARTS CORP 3.25 6/15/25</BondNm>
        <EOYBookValueAmt>248562</EOYBookValueAmt>
        <EOYFMVAmt>240960</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SIMON PROPERTY GROUP 3.5 9/1/25</BondNm>
        <EOYBookValueAmt>375377</EOYBookValueAmt>
        <EOYFMVAmt>359152</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>STATE STREET CORP 3.3 12/16/2024</BondNm>
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        <EOYFMVAmt>243985</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>APPLE INC 3.25 2/23/2026</BondNm>
        <EOYBookValueAmt>264105</EOYBookValueAmt>
        <EOYFMVAmt>240167</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>MERCK CO INC 2.8 5/18/2023</BondNm>
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        <EOYFMVAmt>74440</EOYFMVAmt>
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        <BondNm>TOYOTA MOTOR CREDIT CORP 3.2 1/11/2027</BondNm>
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        <EOYFMVAmt>117419</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>UNITED HEALTH GROUP INC 3.45 1/15/2027</BondNm>
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        <EOYFMVAmt>190302</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>BP CAPITAL MARKETS PLC 3.588 4/14/27</BondNm>
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        <EOYFMVAmt>228391</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>IBM CORP 3.375 8/1/23</BondNm>
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        <EOYFMVAmt>272333</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>BURLINGTON NORTH SANTA FE 3.65 9/1/25</BondNm>
        <EOYBookValueAmt>81827</EOYBookValueAmt>
        <EOYFMVAmt>77616</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ILLINOIS TOOL WORKS INC 3.5 3/1/2024</BondNm>
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        <EOYFMVAmt>246098</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ADOBE SYSTEMS INC 3.25 2/1/2025</BondNm>
        <EOYBookValueAmt>260497</EOYBookValueAmt>
        <EOYFMVAmt>242945</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MEDIUM TERM NOTE 3.125 7/27/2026</BondNm>
        <EOYBookValueAmt>101030</EOYBookValueAmt>
        <EOYFMVAmt>93277</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AMERICAN HONDA FINANCE 2.3 9/9/2026</BondNm>
        <EOYBookValueAmt>250937</EOYBookValueAmt>
        <EOYFMVAmt>228490</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>JP MORGAN CHASE CO 2.95 10/1/2026</BondNm>
        <EOYBookValueAmt>206760</EOYBookValueAmt>
        <EOYFMVAmt>186526</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>ORACLE CORP 3.25 11/15/2027</BondNm>
        <EOYBookValueAmt>212898</EOYBookValueAmt>
        <EOYFMVAmt>183692</EOYFMVAmt>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>ANHEUSER BUSCH 4.00 4/13/2028</BondNm>
        <EOYBookValueAmt>267613</EOYBookValueAmt>
        <EOYFMVAmt>237943</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>3M COMPANY 2.375 8/26/29</BondNm>
        <EOYBookValueAmt>252913</EOYBookValueAmt>
        <EOYFMVAmt>212035</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>COSTCO WHSL CORP 1.375 4/20/30</BondNm>
        <EOYBookValueAmt>238208</EOYBookValueAmt>
        <EOYFMVAmt>204817</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AMAZON.COM INC 2.100 5/12/31</BondNm>
        <EOYBookValueAmt>246623</EOYBookValueAmt>
        <EOYFMVAmt>204163</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SALESFORCE.COM 1.950 7/15/31</BondNm>
        <EOYBookValueAmt>241555</EOYBookValueAmt>
        <EOYFMVAmt>199317</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
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      <InvestmentsCorporateStockGrp>
        <StockNm>UNITED HEALTH GROUP INC</StockNm>
        <EOYBookValueAmt>192472</EOYBookValueAmt>
        <EOYFMVAmt>294250</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIDELITY INVT TRAD INTL DISCI</StockNm>
        <EOYBookValueAmt>131500</EOYBookValueAmt>
        <EOYFMVAmt>131276</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BARON EMERGING MARKETS INSTITUTIONAL</StockNm>
        <EOYBookValueAmt>42575</EOYBookValueAmt>
        <EOYFMVAmt>51446</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>CAUSEWAY EMERGING MARKETS INSTL</StockNm>
        <EOYBookValueAmt>42600</EOYBookValueAmt>
        <EOYFMVAmt>38348</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>CATERPILLAR INC</StockNm>
        <EOYBookValueAmt>205766</EOYBookValueAmt>
        <EOYFMVAmt>234529</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>SCHWAB CHARLES CORP</StockNm>
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        <EOYFMVAmt>90587</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>CISCO SYSTEMS INC</StockNm>
        <EOYBookValueAmt>110685</EOYBookValueAmt>
        <EOYFMVAmt>111954</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>COMCAST CORP CLASS A</StockNm>
        <EOYBookValueAmt>272204</EOYBookValueAmt>
        <EOYFMVAmt>183523</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>PFIZER INC</StockNm>
        <EOYBookValueAmt>106742</EOYBookValueAmt>
        <EOYFMVAmt>156692</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>VISA INC CLASS A SHARES</StockNm>
        <EOYBookValueAmt>170775</EOYBookValueAmt>
        <EOYFMVAmt>169740</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>WALMART INC</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>CLEARBRIDGE INTERNATIONAL GROWTH</StockNm>
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        <StockNm>MEDTRONIC PLC</StockNm>
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        <StockNm>T ROWE PRICE INTL VAL EQTY FD INTL</StockNm>
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        <EOYFMVAmt>139117</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD INTERNATIONAL GROWTH FUND</StockNm>
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        <EOYFMVAmt>27656</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>ABBOTT LABORATORIES</StockNm>
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        <EOYFMVAmt>162489</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>AIRBNB INC CI A</StockNm>
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        <EOYFMVAmt>88236</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>ALPHABET INC CI A</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>AMAZON COM INC</StockNm>
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        <StockNm>AMGEN INC</StockNm>
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        <EOYFMVAmt>133946</EOYFMVAmt>
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