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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>AMY E WILSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>812 W MAIN STREET</AddressLine1Txt>
            <CityNm>MIDLAND</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>486400471</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.09</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DR LYDIA WATSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>812 W MAIN STREET</AddressLine1Txt>
            <CityNm>MIDLAND</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>486400471</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.09</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANDREW DOMINOWSKI</PersonNm>
          <USAddress>
            <AddressLine1Txt>812 W MAIN STREET</AddressLine1Txt>
            <CityNm>MIDLAND</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>486400471</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.09</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHARLES KENDALL</PersonNm>
          <USAddress>
            <AddressLine1Txt>812 W MAIN STREET</AddressLine1Txt>
            <CityNm>MIDLAND</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>486400471</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.09</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>WILLIAM BLAIR</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>222 WEST ADAMS STREET</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60606</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MGMT</ServiceTypeTxt>
          <CompensationAmt>165762</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>102536169</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>803715</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>103339884</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>103339884</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1550098</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>101789786</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>5089489</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>5089489</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>86309</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>86309</TotalTaxAmt>
        <DistributableBeforeAdjAmt>5003180</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>5003180</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>5003180</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>4471376</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>4471376</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>5003180</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>4034444</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>4471376</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>4034444</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>436932</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>4566248</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>GRANT REQUESTS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 471</AddressLine1Txt>
            <CityNm>MIDLAND</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>486400471</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>9898320066</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>GRANT APPLICATIONS SHOULD BE MADE BY LETTER DESCRIBING: THE PURPOSE, MAJOR EXPENDITURES, MAJOR INCOME SOURCES, TIMING REQUIREMENTS, AND AMOUNTS REQUESTED.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>THERE IS NO DEADLINE; SUBMISSIONS CAN BE MADE AT ANY TIME DURING THE YEAR.</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>THE FOUNDATION MAKES GRANTS ONLY TO ELIGIBLE ORGANIZATIONS NOT TO INDIVIDUALS. THEREFORE, THE APPLICANT SHOULD ALSO FURNISH COPIES OF THE THE FOLLOWING: THE IRS LETTER GRANTING TAX EXEMPT STATUS TO THE ORGANIZATION. THE ORGANIZATION'S LATEST FINANCIAL STATEMENTS.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE ATTACHED</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>812 W MAIN ST PO BOX 417</AddressLine1Txt>
            <CityNm>MIDLAND</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>486400471</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>VARIOUS</GrantOrContributionPurposeTxt>
          <Amt>4293728</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>4293728</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE ATTACHED</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>812 W MAIN ST PO BOX 417</AddressLine1Txt>
            <CityNm>MIDLAND</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>486400471</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>VARIOUS</GrantOrContributionPurposeTxt>
          <Amt>5118090</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>5118090</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1384777</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>107475</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>4913986</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>NORTH COAST TECHNOLOGY INVE</Desc>
          <BusinessCd>900099</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>489</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>489</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>6406238</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>6406727</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>ACCOUNTING FEES</CategoryTxt>
        <Amt>10545</Amt>
        <NetInvestmentIncomeAmt>5273</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5272</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc3">
      <InvestmentsCorporateBondsGrp>
        <BondNm>SEE ATTACHED STMTS</BondNm>
        <EOYBookValueAmt>16732923</EOYBookValueAmt>
        <EOYFMVAmt>16707620</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc4">
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE ATTACHED STMTS</StockNm>
        <EOYBookValueAmt>41682586</EOYBookValueAmt>
        <EOYFMVAmt>90475697</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc5">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NORTH COAST TECHNOLOGY INVEST</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>14491</BookValueAmt>
        <EOYFMVAmt>14491</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NCTI III, LTD PARTNERSHIP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>290361</BookValueAmt>
        <EOYFMVAmt>290361</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NCTI IV, LTD PARTNERSHIP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>105956</BookValueAmt>
        <EOYFMVAmt>105956</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc6">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>266</LegalFeesAmt>
        <NetInvestmentIncomeAmt>133</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>133</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="RetDoc7">
      <OtherDecreasesDetail>
        <Desc>INCREASE IN FUTURE PLEDGE OBLIGATIONS</Desc>
        <Amt>3234828</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>RENT</Desc>
        <RevenueAndExpensesPerBooksAmt>12600</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>12600</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>11394</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>11394</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK SERVICE CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>111</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>111</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CONFERENCE FEES AND EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>210</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>210</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>COMPUTER AND SOFTWARE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>14533</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>14533</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc9">
      <OtherIncomeDetail>
        <Desc>OTHER</Desc>
        <RevenueAndExpensesPerBooksAmt>261</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>261</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>GAIN FROM K-1S</Desc>
        <RevenueAndExpensesPerBooksAmt>107214</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>107214</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>NORTH COAST TECHNOLOGY INVEST</Desc>
        <RevenueAndExpensesPerBooksAmt>489</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc10">
      <OtherLiabilitiesDetail>
        <Desc>EXCISE TAX PAYABLE</Desc>
        <BOYBookValueAmt>7632</BOYBookValueAmt>
        <EOYBookValueAmt>40528</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc11">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>BANK TRUST DEPARTMENT FEES</CategoryTxt>
        <Amt>25755</Amt>
        <NetInvestmentIncomeAmt>25755</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MGMT FEES</CategoryTxt>
        <Amt>165762</Amt>
        <NetInvestmentIncomeAmt>165762</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc12">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>88000</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
        <Amt>7254</Amt>
        <DisbursementsCharitablePrpsAmt>7254</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
