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          <StateAbbreviationCd>NY</StateAbbreviationCd>
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      <StatementsRegardingActy4720Grp>
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        <InfluenceElectionInd>0</InfluenceElectionInd>
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        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
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        <OfficerDirTrstKeyEmplGrp>
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        <OfficerDirTrstKeyEmplGrp>
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        <DistributableAsAdjustedAmt>594829</DistributableAsAdjustedAmt>
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      <PFQualifyingDistributionsGrp>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>JEWISH FEDERATION OF PALM BEACH COUNTY</BusinessNameLine1Txt>
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          <RecipientUSAddress>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>METROPOLITAN OPERA ASSOCIATION INC</BusinessNameLine1Txt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNITED JEWISH APPEAL - FEDERATION NEW YORK</BusinessNameLine1Txt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NETWORK FOR GOOD</BusinessNameLine1Txt>
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            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
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        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
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        <NetInvestmentIncomeAmt>11750</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
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      <ElectionDesc>PURSUANT TO IRC SEC. 4942(H)(2) AND REG. 53.4942(A)3(D)(2), THE ABOVE REFERENCED FOUNDATION HEREBY ELECTS TOTREAT CURRENT YEAR QUALIFYING DISTRIBUTIONS IN EXCESS OF THE IMMEDIATELY PRECEDING TAX YEAR'S UNDISTRIBUTED INCOME AS BEING MADE OUT OF UNDISTRIBUTED INCOME FROM THE TAX YEAR ENDING 12/31/2024</ElectionDesc>
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        <StockNm>COMMON STOCKS - UBS #43382</StockNm>
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        <EOYFMVAmt>2989910</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>COMMON STOCKS - UBS #43380</StockNm>
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        <EOYFMVAmt>2668286</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COMMON STOCKS - UBS #43376</StockNm>
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        <EOYFMVAmt>440732</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>COMMON STOCKS - UBS #43378</StockNm>
        <EOYBookValueAmt>346585</EOYBookValueAmt>
        <EOYFMVAmt>377133</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>COMMON STOCKS - UBS #49724</StockNm>
        <EOYBookValueAmt>308359</EOYBookValueAmt>
        <EOYFMVAmt>295587</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COMMON STOCKS - UBS #49725</StockNm>
        <EOYBookValueAmt>313919</EOYBookValueAmt>
        <EOYFMVAmt>298623</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COMMON STOCKS - UBS #49726</StockNm>
        <EOYBookValueAmt>480953</EOYBookValueAmt>
        <EOYFMVAmt>481812</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>STRUCTURED PRODUCTS - UBS #43379</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>3772375</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WARRANTS OCCIDENTAL PETROLEUM CORPN - UBS #43082</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>10331</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ACAP STRATEGIC FUND - UBS #43082</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>443400</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ARES PRIVATE MARKETS FUND - UBS #43082</CategoryOrItemTxt>
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        <EOYFMVAmt>500000</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BLACKSTONE PRIVATE EQUITY STRATEGIES FD - UBS #43082</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
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        <Desc>UNSETTLED SALES/PURCHASE PROCEEDS RECEIVABLE - UBS #43376</Desc>
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        <EOYFMVAmt>4776</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>DIVIDENDS/ CAPITAL GAIN RECEIVABLE - UBS #43378</Desc>
        <EOYBookValueAmt>93</EOYBookValueAmt>
        <EOYFMVAmt>93</EOYFMVAmt>
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        <RevenueAndExpensesPerBooksAmt>2184</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2184</NetInvestmentIncomeAmt>
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      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES -- UBS #49726</Desc>
        <RevenueAndExpensesPerBooksAmt>1062</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1062</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES -- UBS #43377</Desc>
        <RevenueAndExpensesPerBooksAmt>4055</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>4055</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES -- UBS #43378</Desc>
        <RevenueAndExpensesPerBooksAmt>1027</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1027</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MARGIN INTEREST -- UBS #43379</Desc>
        <RevenueAndExpensesPerBooksAmt>1</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES -- UBS #43380</Desc>
        <RevenueAndExpensesPerBooksAmt>8569</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>8569</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES -- UBS #43381</Desc>
        <RevenueAndExpensesPerBooksAmt>2058</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2058</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES -- UBS #43382</Desc>
        <RevenueAndExpensesPerBooksAmt>14048</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>14048</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES -- UBS #49724</Desc>
        <RevenueAndExpensesPerBooksAmt>165</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>165</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT FEES -- UBS #49725</Desc>
        <RevenueAndExpensesPerBooksAmt>161</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>161</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DEDUCTIONS - PORTFOLIO - BLACKSTONE K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>373</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>373</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>OTHER INCOME - BLACKSTONE K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>1103</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1103</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER INCOME - UBS #43379</Desc>
        <RevenueAndExpensesPerBooksAmt>338607</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>338607</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN WITHHOLDING TAXES - UBS #43376</CategoryTxt>
        <Amt>15</Amt>
        <NetInvestmentIncomeAmt>15</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>NY STATE FILING FEE</CategoryTxt>
        <Amt>750</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN WITHHOLDING TAXES - UBS #43377</CategoryTxt>
        <Amt>1030</Amt>
        <NetInvestmentIncomeAmt>1030</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN WITHHOLDING TAXES - UBS #43380</CategoryTxt>
        <Amt>384</Amt>
        <NetInvestmentIncomeAmt>384</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN WITHHOLDING TAXES - UBS #43382</CategoryTxt>
        <Amt>58</Amt>
        <NetInvestmentIncomeAmt>58</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN WITHHOLDING TAXES - UBS #49725</CategoryTxt>
        <Amt>22</Amt>
        <NetInvestmentIncomeAmt>22</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>