<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2022v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2023-09-05T19:00:20-04:00</ReturnTs>
    <TaxPeriodEndDt>2023-04-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>461336065</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>SORENSEN &amp; FLANAGAN LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>POST OFFICE BOX 1845</AddressLine1Txt>
        <CityNm>JACKSON</CityNm>
        <StateAbbreviationCd>WY</StateAbbreviationCd>
        <ZIPCd>83001</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2022-05-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>510260302</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>LYNN &amp; FOSTER FRIESS FAMILY</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>FOUNDATION</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>LYNN</BusinessNameControlTxt>
      <PhoneNum>3077339587</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 9790</AddressLine1Txt>
        <CityNm>JACKSON</CityNm>
        <StateAbbreviationCd>WY</StateAbbreviationCd>
        <ZIPCd>83002</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>LYNNETTE E FRIESS</PersonNm>
      <PersonTitleTxt>PRESIDENT/DIRECTOR</PersonTitleTxt>
      <PhoneNum>3077333938</PhoneNum>
      <SignatureDt>2023-07-24</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>LYNNETTE E</PersonFirstNm>
        <PersonLastNm>FRIESS</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>JAMES T SORENSEN CPA</PreparerPersonNm>
      <PTIN>P00053706</PTIN>
      <PhoneNum>3077333938</PhoneNum>
      <PreparationDt>2023-07-24</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2022</TaxYr>
    <BuildTS>2023-04-26 12:10:37Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="12">
    <IRS990PF documentId="RetDoc13">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>118660101</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>81175</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>81175</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>2221964</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>2221964</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-14602495</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>65686759</GrossSalesPriceAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc10">3122842</OtherIncomeRevAndExpnssAmt>
        <TotalRevAndExpnssAmt>-9176514</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>2303139</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>50000</CompOfcrDirTrstRevAndExpnssAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc6">314</LegalFeesRevAndExpnssAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2">2500</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesChrtblPrpsAmt>2500</AccountingFeesChrtblPrpsAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc12">32372</TaxesRevAndExpnssAmt>
        <TravConfMeetingRevAndExpnssAmt>2441</TravConfMeetingRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc8">391194</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>272347</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>95996</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>478821</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>272347</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>98496</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>6000000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>6000000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>6478821</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>272347</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>6098496</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-15655335</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>2030792</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>18645729</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>10339174</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>10339174</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>103653093</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc5">108275119</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>108275119</CorporateStockEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc7">74036</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc7">45808</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc7">45808</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>122372858</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>118660101</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>118660101</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>98869</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>40796</AccountsPayableEOYAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="RetDoc11">1337</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="RetDoc11">968</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>100206</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>41764</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>122272652</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>118618337</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>122272652</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>118618337</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>122372858</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>118660101</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>122272652</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-15655335</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="RetDoc9">12001020</OtherIncreasesAmt>
        <SubtotalAmt>118618337</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>118618337</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JP MORGAN 4003</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>41031388</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>50907764</CostOrOtherBasisAmt>
          <GainOrLossAmt>-9876376</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-9876376</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JP MORGAN 6008</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>1606019</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2117412</CostOrOtherBasisAmt>
          <GainOrLossAmt>-511393</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-511393</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY 1942</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>7812001</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10783435</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2971434</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2971434</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY 4082</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>15184807</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16480643</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1295836</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1295836</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-14602495</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>28228</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>28228</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>28228</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>74036</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>74036</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1">X</Form2220AttachedInd>
        <OverpaymentAmt>45808</OverpaymentAmt>
        <AppliedToESTaxAmt>45808</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>DE</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>WY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd referenceDocumentId="RetDoc4">false</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd referenceDocumentId="RetDoc14">true</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>JIM SORENSEN</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>3077333938</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 1845</AddressLine1Txt>
          <CityNm>JACKSON</CityNm>
          <StateAbbreviationCd>WY</StateAbbreviationCd>
          <ZIPCd>83001</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>true</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LYNNETTE E FRIESS</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 9790</AddressLine1Txt>
            <CityNm>JACKSON</CityNm>
            <StateAbbreviationCd>WY</StateAbbreviationCd>
            <ZIPCd>83002</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT/DI</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STEPHEN FRIESS</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 11655</AddressLine1Txt>
            <CityNm>JACKSON</CityNm>
            <StateAbbreviationCd>WY</StateAbbreviationCd>
            <ZIPCd>83002</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY/DI</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>26.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>50000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>103715756</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>15122271</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>118838027</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>118838027</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1782570</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>117055457</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>5852773</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>5852773</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>28228</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>28228</TotalTaxAmt>
        <DistributableBeforeAdjAmt>5824545</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>5824545</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>5824545</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>6098496</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>6098496</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>5824545</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>5148710</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>6098496</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>5148710</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>949786</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>4874759</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>LYNETTE FRIESS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 9790</AddressLine1Txt>
            <CityNm>JACKSON</CityNm>
            <StateAbbreviationCd>WY</StateAbbreviationCd>
            <ZIPCd>83002</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>3077399699</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>WRITTEN APPLICATION DESCRIBING NEED, INTENDED USE OF FUNDS</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NONE</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NATIONAL CHRISTIAN FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>11625 RAINWATER DRIVE</AddressLine1Txt>
            <AddressLine2Txt>STE 500</AddressLine2Txt>
            <CityNm>ALPHARATTE</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30009</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>6000000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>6000000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>81175</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2221964</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-14602495</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>IRA BENEFICIARY DISTRIBUTIO</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>3122842</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>-9176514</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>-9176514</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>
    <AccountingFeesSchedule documentId="RetDoc2">
      <AccountingFeesDetail>
        <CategoryTxt>SORENSEN &amp; SORENSEN, LLC</CategoryTxt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>-PREPARATION OF FOUNDATION RETUR</CategoryTxt>
        <Amt>2500</Amt>
        <DisbursementsCharitablePrpsAmt>2500</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc3">
      <DepreciationPropertyGrp>
        <PropertyDesc>SCHOOL SITE</PropertyDesc>
        <AcquiredDt>2014-09-30</AcquiredDt>
        <CostOrOtherBasisAmt>4218285</CostOrOtherBasisAmt>
        <LifeRt>4.0000</LifeRt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <ExplnOfNonFilingWithAGStmt documentId="RetDoc4">
      <ExplanationTxt>NO FILING REQUIREMENT IN WYOMING. NO ACTIVITY REQUIRING DE FILING.</ExplanationTxt>
    </ExplnOfNonFilingWithAGStmt>
    <InvestmentsCorpStockSchedule documentId="RetDoc5">
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY</StockNm>
        <EOYBookValueAmt>17667036</EOYBookValueAmt>
        <EOYFMVAmt>17667036</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JP MORGAN</StockNm>
        <EOYBookValueAmt>90608083</EOYBookValueAmt>
        <EOYFMVAmt>90608083</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="RetDoc6">
      <LegalFeesGrp>
        <CategoryTxt>INDIRECT LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>314</LegalFeesAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc7">
      <OtherAssetsScheduleGrp>
        <Desc>PREPAID INCOME TAXES</Desc>
        <BOYBookValueAmt>74036</BOYBookValueAmt>
        <EOYBookValueAmt>45808</EOYBookValueAmt>
        <EOYFMVAmt>45808</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ADMINISTRATION AND BOOKKEEPIN</Desc>
        <RevenueAndExpensesPerBooksAmt>44365</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>22182</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>34</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>34</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE/TELEPHONE/POST/INTERNE</Desc>
        <RevenueAndExpensesPerBooksAmt>668</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>STAFFING EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>95996</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>95996</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT ADVISOR FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>244314</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>244314</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FOREIGN TAXES</Desc>
        <RevenueAndExpensesPerBooksAmt>5817</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5817</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc10">
      <OtherIncomeDetail>
        <Desc>IRA BENEFICIARY DISTRIBUTION</Desc>
        <RevenueAndExpensesPerBooksAmt>3122842</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc9">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAINS &amp; LOSSES</Desc>
        <Amt>12001020</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc11">
      <OtherLiabilitiesDetail>
        <Desc>PAYROLL TAXES PAYABLE</Desc>
        <BOYBookValueAmt>1337</BOYBookValueAmt>
        <EOYBookValueAmt>968</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="RetDoc12">
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
        <Amt>4144</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX ON INV INCOME</CategoryTxt>
        <Amt>28228</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
