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        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN C PHELAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>222 LAKEVIEW AVENUE SUITE 1600</AddressLine1Txt>
            <CityNm>WEST PALM BEACH</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33401</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT/TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>AMY PHELAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>222 LAKEVIEW AVENUE SUITE 1600</AddressLine1Txt>
            <CityNm>WEST PALM BEACH</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33401</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT/SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARC LISKER</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O MSD CAPITAL 1 VANDERBILT AVENUE</AddressLine1Txt>
            <AddressLine2Txt>26TH FLOOR</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </USAddress>
          <TitleTxt>ASST. TREASURER/SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>JPMORGAN CHASE BANK NA</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>270 PARK AVENUE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>100172014</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>GRANTMAKING SERVICE FEE</ServiceTypeTxt>
          <CompensationAmt>250000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>11706363</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>7470867</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>36288051</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>55465281</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>55465281</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>831979</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>54633302</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>2731665</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>2731665</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>121078</TaxBasedOnInvestmentIncomeAmt>
        <IncomeTaxAmt>40728</IncomeTaxAmt>
        <TotalTaxAmt>161806</TotalTaxAmt>
        <DistributableBeforeAdjAmt>2569859</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>2569859</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>2569859</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>2815977</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>2815977</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>2569859</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>2565977</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>2815977</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>2565977</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>250000</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>2319859</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>JOHN C PHELAN</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HARVARD BUSINESS SCHOOL FORWARD FELLOWSHIP</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>SPANGLER WELCOME CENTER SPANGLER</AddressLine1Txt>
            <AddressLine2Txt>107</AddressLine2Txt>
            <CityNm>BOSTON</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02163</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR DONEE'S EXEMPT PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>500000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE AMERICAN FUND FOR LSE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>450 SEVENTH AVENUE SUITE 1109</AddressLine1Txt>
            <CityNm>NEWPORT</CityNm>
            <StateAbbreviationCd>RI</StateAbbreviationCd>
            <ZIPCd>02841</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>LSE CENTENNIAL FUND</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PATHFINDERS FOR CANCER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>303E ASPEN AIRPORT BUSINESS CENTER</AddressLine1Txt>
            <CityNm>ASPEN</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>81611</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR DONEE'S EXEMPT PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PHELAN FAMILY FOUNDATION DAF</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>165 TOWNSHIP LINE ROAD SUITE 1200</AddressLine1Txt>
            <CityNm>JENKINTOWN</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19046</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR DONEE'S EXEMPT PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>1600977</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NATIONAL MEDAL OF HONOR MUSEUM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1717 E RANDOL MILL ROAD</AddressLine1Txt>
            <CityNm>ARLINGTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>76011</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR DONEE'S EXEMPT PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SPIRIT OF AMERICA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3033 WILSON BLVD 700</AddressLine1Txt>
            <CityNm>ARLINGTON</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22201</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR DONEE'S EXEMPT PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>130000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>2565977</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>37940</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
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        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1561506</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>7013279</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>UBTI FROM PARTNERSHIPS</Desc>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>225918</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>225918</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>8716931</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>8942849</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>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>JOHN C PHELAN</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>222 LAKEVIEW AVENUE SUITE 1600</AddressLine1Txt>
          <CityNm>WEST PALM BEACH</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>33401</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>2140938</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>38,000 SHS GITLAB INC. - CL A</NoncashPropertyDesc>
        <FairMarketValueAmt>2140938</FairMarketValueAmt>
        <ReceivedDt>2022-03-29</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>25,985 SHS APOLLO GLOBAL MANAGEMENT INC</StockNm>
        <EOYBookValueAmt>711208</EOYBookValueAmt>
        <EOYFMVAmt>1657583</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>18,200 SHS BERKSHIRE HATHAWAY INC-CL B</StockNm>
        <EOYBookValueAmt>3278011</EOYBookValueAmt>
        <EOYFMVAmt>5621980</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1,380 SHS INVESCO QQQ TRUST SERIES 1</StockNm>
        <EOYBookValueAmt>249497</EOYBookValueAmt>
        <EOYFMVAmt>367466</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2,200 SHS ISHARES RUSSELL 2000 ETF</StockNm>
        <EOYBookValueAmt>249205</EOYBookValueAmt>
        <EOYFMVAmt>383592</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>3,235 SHS SPDR S&amp;P 500 ETF TRUST</StockNm>
        <EOYBookValueAmt>749059</EOYBookValueAmt>
        <EOYFMVAmt>1237161</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>5,630 SHS VANGUARD S&amp;P 500 ETF</StockNm>
        <EOYBookValueAmt>1501175</EOYBookValueAmt>
        <EOYFMVAmt>1978044</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>18,838 SHS ALAUNOS THERAPEUTICS INC</StockNm>
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        <EOYFMVAmt>12228</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CORAL ROCK INVESTMENTS L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>734735</BookValueAmt>
        <EOYFMVAmt>745336</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>JNE FUND LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>2000000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MSD AQUA PARTNERS L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>910217</BookValueAmt>
        <EOYFMVAmt>3064326</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MSD CREDIT OPPORTUNITY FUND L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>5517688</BookValueAmt>
        <EOYFMVAmt>2500000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MSD ENERGY INVESTMENTS L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>231725</BookValueAmt>
        <EOYFMVAmt>4023</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MSD GEO PARTNERS, L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2499031</BookValueAmt>
        <EOYFMVAmt>2500000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MSD PRIVATE CREDIT OPPORTUNITY FUND L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1569027</BookValueAmt>
        <EOYFMVAmt>2202721</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MSD PRIVATE CREDIT OPPORTUNITY FUND 2 L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3193760</BookValueAmt>
        <EOYFMVAmt>3157702</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3728607</BookValueAmt>
        <EOYFMVAmt>4307578</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MSD SIERRA CREST, L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1610840</BookValueAmt>
        <EOYFMVAmt>1610840</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MSD SPARROWHAWK L.P.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>278152</BookValueAmt>
        <EOYFMVAmt>352655</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MSD SPECIAL INVESTMENTS FUND (CAYMAN) LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1933517</BookValueAmt>
        <EOYFMVAmt>2179899</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PARALLAXES CAPITAL OPPORTUNITY FUND IV LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>352018</BookValueAmt>
        <EOYFMVAmt>322129</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VALENCE8 DIRECTIONAL (OFFSHORE) LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>10000000</BookValueAmt>
        <EOYFMVAmt>10000000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VALENCE8 DIVERSIFIED (OFFSHORE) LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>5000000</BookValueAmt>
        <EOYFMVAmt>5000000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VALENCE8 PE 2022 (OFFSHORE) LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>800000</BookValueAmt>
        <EOYFMVAmt>395049</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>100</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>BEGINNING OF YEAR VALUATION DIFFERENCES</Desc>
        <Amt>4992874</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>GRANTMAKING SERVICE FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>250000</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>250000</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>CORAL ROCK INVESTMENTS LP</Desc>
        <RevenueAndExpensesPerBooksAmt>15472</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>15472</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>15472</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>JNE FUND LP</Desc>
        <RevenueAndExpensesPerBooksAmt>142724</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>142724</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>142724</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MSD AQUA PARTNERS LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-1716</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-1716</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-1716</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MSD PRIVATE CREDIT OPPORTUNITY FUND 2 LP</Desc>
        <RevenueAndExpensesPerBooksAmt>90881</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>90881</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>90881</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MSD ENERGY INVESTMENTS LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-381</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-381</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-381</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MSD MULTI-STRATEGY LP</Desc>
        <RevenueAndExpensesPerBooksAmt>18249</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>18249</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>18249</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MSD PRIVATE CREDIT OPPORTUNITY FUND LP</Desc>
        <RevenueAndExpensesPerBooksAmt>281546</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>281546</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>281546</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MSD REAL ESTATE CREDIT OPPORTUNITY FUND LP</Desc>
        <RevenueAndExpensesPerBooksAmt>414131</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>414131</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>414131</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MSD RING PARTNERS, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>168316</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>168316</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>168316</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MSD SPARROWHAWK LP</Desc>
        <RevenueAndExpensesPerBooksAmt>5577</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5577</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>5577</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MSD WCG PARTNERS LP</Desc>
        <RevenueAndExpensesPerBooksAmt>7575</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7575</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>7575</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MSD GEO PARTNERS, L.P.</Desc>
        <RevenueAndExpensesPerBooksAmt>-646</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-646</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-646</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MSD CREDIT OPPORTUNITY FUND LP</Desc>
        <RevenueAndExpensesPerBooksAmt>435553</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>435553</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>435553</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>PARALLAXES CAPITAL OPPORTUNITY FUND IV, L.P.</Desc>
        <RevenueAndExpensesPerBooksAmt>-15775</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-15775</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-15775</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>UBTI FROM PARTNERSHIPS</Desc>
        <RevenueAndExpensesPerBooksAmt>225918</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>225918</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilitiesDetail>
        <Desc>DUE TO MSD RING PARTNERS, LP</Desc>
        <BOYBookValueAmt>641395</BOYBookValueAmt>
        <EOYBookValueAmt>516217</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX</CategoryTxt>
        <Amt>172000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>6316</Amt>
        <NetInvestmentIncomeAmt>6316</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
