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          <PropertyDesc>NINE TEN PARTNERS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2020-12-31</SoldDt>
          <GrossSalesPriceAmt>1750000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>531777</CostOrOtherBasisAmt>
          <GainOrLossAmt>1218223</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1218223</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>29507473</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>414994</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>414994</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>414994</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>190720</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>575000</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>765720</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1192000001">X</Form2220AttachedInd>
        <EsPenaltyAmt>5404</EsPenaltyAmt>
        <OverpaymentAmt>345322</OverpaymentAmt>
        <AppliedToESTaxAmt>345322</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
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        <Form990TFiledInd>1</Form990TFiledInd>
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        <OrgReportOrRegisterStateCd>WI</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
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        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>WWW.FFWS.ORG</WebsiteAddressTxt>
        <IndividualWithBooksNm>MARY GULBRANDSEN</IndividualWithBooksNm>
        <PhoneNum>6082382400</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
          <CityNm>MADISON</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53705</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>1</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>0</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
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        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
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      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN P MORGRIDGE</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>CHAIRMAN</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TASHIA F MORGRIDGE</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
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          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARY W GULBRANDSEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY/EXEC. DIR.</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>202800</CompensationAmt>
          <EmployeeBenefitProgramAmt>8365</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TED KELLNER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>15000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN W DANIELS JR</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>15000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAVID WARD</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>VICE-CHAIR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>15000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>REBECCA SPLITT</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>15000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MICHAEL LOVELL</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>15000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN D MORGRIDGE</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>12000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>ANGELA SWENSON-HOLZINGER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 5506</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </USAddress>
          <TitleTxt>MENTOR COORDINATOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>70000</CompensationAmt>
          <EmployeeBenefitsAmt>24000</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>4725</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>ALPINE INVESTORS</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>ONE CALIFORNIA STREET STE 2900</AddressLine1Txt>
            <CityNm>SAN FRANCISO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94111</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MANAGEMENT</ServiceTypeTxt>
          <CompensationAmt>220199</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>MARQUETTE ASSOCIATES INC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>180 NORTH LASALLE STREET SUITE 3500</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60601</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MANAGEMENT</ServiceTypeTxt>
          <CompensationAmt>145833</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BNY MELLON</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>200 PARK AVE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10166</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MANAGEMENT</ServiceTypeTxt>
          <CompensationAmt>125000</CompensationAmt>
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        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>CLARION LION PROPERTY FUND LP</BusinessNameLine1Txt>
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          <USAddress>
            <AddressLine1Txt>230 PARK AVE ROOM 1000</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10169</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MANAGEMENT</ServiceTypeTxt>
          <CompensationAmt>97022</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>UW-MILWAUKEE</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>2442 E KENWOOD BLVD</AddressLine1Txt>
            <CityNm>MILWAUKEE</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53211</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>MENTORING</ServiceTypeTxt>
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        <ContractorPaidOver50kCnt>2</ContractorPaidOver50kCnt>
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      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
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      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>94881154</AverageMonthlyFMVOfSecAmt>
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        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
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        <NetVlNoncharitableAssetsAmt>272822290</NetVlNoncharitableAssetsAmt>
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      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>13641115</MinimumInvestmentReturnAmt>
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        <DistributableBeforeAdjAmt>13059355</DistributableBeforeAdjAmt>
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        <DistributableBeforeDedAmt>13107813</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>13107813</DistributableAsAdjustedAmt>
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      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>10380248</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>10380248</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>10380248</AdjustedQualifyingDistriAmt>
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      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>13107813</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr2Amt>652031</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>1070521</ExcessDistributionCyovYr1Amt>
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        <QualifyingDistributionsAmt>10380248</QualifyingDistributionsAmt>
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        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
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        <AppliedToCurrentYearAmt>10380248</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
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        <ExcessDistributionCyovAppCYAmt>1722552</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>1005013</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
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        <ContributingManagerNm>JOHN P MORGRIDGE</ContributingManagerNm>
        <ContributingManagerNm>TASHIA F MORGRIDGE</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF WISCONSIN SYSTEM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1860 VAN HISE HALL 1220 LINDEN</AddressLine1Txt>
            <AddressLine2Txt>DRIVE</AddressLine2Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53706</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>STIPENDS AND NEED-BASED GRANTS FOR HIGHER EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>9510882</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WISCONSIN TECHNICAL COLLEGE SYSTEM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4622 UNIVERSITY AVENUE</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>STIPENDS AND NEED-BASED GRANTS FOR HIGHER EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>17100</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>299 INDIVIDUAL GRANT RECIPIENTS DET</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>VARIOUS</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GRANT RECIPIENT GRADUATION GIFTS ($500/EACH)</GrantOrContributionPurposeTxt>
          <Amt>149500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>9677482</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientPersonNm>42 INDIVIDUAL GRANT RECIPIENTS DETA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>VARIOUS</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53705</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GRANT RECIPIENT GRADUATION GIFTS ($500/EACH)</GrantOrContributionPurposeTxt>
          <Amt>21000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF WISCONSIN SYSTEM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1860 VAN HISE HALL 1220 LINDEN</AddressLine1Txt>
            <AddressLine2Txt>DRIVE</AddressLine2Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
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        <StockNm>RELIANCE STEEL &amp; ALUMINUM CO</StockNm>
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        <EOYFMVAmt>111666</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RENAISSANCE HOLDINGS LTD</StockNm>
        <EOYBookValueAmt>163702</EOYBookValueAmt>
        <EOYFMVAmt>163702</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RIGHTMOVE PLC ADR</StockNm>
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        <EOYFMVAmt>240799</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RLI CORP</StockNm>
        <EOYBookValueAmt>123730</EOYBookValueAmt>
        <EOYFMVAmt>123730</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCHWEITZER-MAUDUIT INTERNATIONAL</StockNm>
        <EOYBookValueAmt>76722</EOYBookValueAmt>
        <EOYFMVAmt>76722</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SIMPSON MANUFACTURING CO INC</StockNm>
        <EOYBookValueAmt>253018</EOYBookValueAmt>
        <EOYFMVAmt>253018</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STANLEY BLACK &amp; DECKER INC</StockNm>
        <EOYBookValueAmt>69697</EOYBookValueAmt>
        <EOYFMVAmt>69697</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STATE STREET CORP</StockNm>
        <EOYBookValueAmt>201586</EOYBookValueAmt>
        <EOYFMVAmt>201586</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STEELCASE INC</StockNm>
        <EOYBookValueAmt>77061</EOYBookValueAmt>
        <EOYFMVAmt>77061</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SYNCHRONY FINANCIAL</StockNm>
        <EOYBookValueAmt>87336</EOYBookValueAmt>
        <EOYFMVAmt>87336</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SYNEOS HEALTH INC</StockNm>
        <EOYBookValueAmt>232674</EOYBookValueAmt>
        <EOYFMVAmt>232674</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TE CONNECTIVITY LTD</StockNm>
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        <EOYFMVAmt>144675</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TELEDYNE TECHNOLOGIES INC</StockNm>
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        <EOYFMVAmt>399983</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TORO CO/THE</StockNm>
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        <EOYFMVAmt>235802</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>URBAN OUTFITTERS INC</StockNm>
        <EOYBookValueAmt>243198</EOYBookValueAmt>
        <EOYFMVAmt>243198</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VAREX IMAGING CORP</StockNm>
        <EOYBookValueAmt>290997</EOYBookValueAmt>
        <EOYFMVAmt>290997</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WATTS WATER TECHNOLOGIES INC</StockNm>
        <EOYBookValueAmt>206317</EOYBookValueAmt>
        <EOYFMVAmt>206317</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WHIRLPOOL CORP</StockNm>
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        <EOYFMVAmt>141713</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WOODWARD INC</StockNm>
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      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BAIN CAP DIST &amp; SS 2013</CategoryOrItemTxt>
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        <EOYFMVAmt>911304</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BGF GLOBAL ALPHA EQ-K</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CAUSEWAY INTERNATIONAL VALUE</CategoryOrItemTxt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CENTRE LANE PARTNERS IV LP</CategoryOrItemTxt>
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        <EOYFMVAmt>4743538</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CLARION LION PROPERTIES FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>11143648</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>EMINENCE FUND LONG</CategoryOrItemTxt>
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        <EOYFMVAmt>6416354</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GENERAL ATLANTIC 2017 LP</CategoryOrItemTxt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GENERAL ATLANTIC INVEST 2021</CategoryOrItemTxt>
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        <EOYFMVAmt>1199281</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GQG EMERGING MARKETS</CategoryOrItemTxt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HARDING LOEVNER GLOBAL EQUITY</CategoryOrItemTxt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HARDING LOEVNER INTERNATIONAL SMALL COMPANY</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>10710402</BookValueAmt>
        <EOYFMVAmt>10710402</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HIG MIDDLE MARKET LBO FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>299043</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>IR&amp;M INTERMEDIATE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES RUSSELL 2000 VALUE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>99462</BookValueAmt>
        <EOYFMVAmt>99462</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES RUSSELL 2000 ETF</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>206433</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LEGACY VENTURE X</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>233282</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LEGACY VENTURE IX</CategoryOrItemTxt>
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        <EOYFMVAmt>4736938</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LEGACY VENTURE VI</CategoryOrItemTxt>
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        <EOYFMVAmt>7868304</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LEGACY VENTURE VIII</CategoryOrItemTxt>
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        <EOYFMVAmt>19050190</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MERCED PARTNERS IV</CategoryOrItemTxt>
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        <EOYFMVAmt>1042377</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MML CAPITAL PARTNERS V</CategoryOrItemTxt>
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        <EOYFMVAmt>14435</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NEUBERGER BERMAN</CategoryOrItemTxt>
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        <EOYFMVAmt>12797148</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NINE TEN PARTNERS LP</CategoryOrItemTxt>
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        <EOYFMVAmt>8011405</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PARTNERS FOR GROWTH</CategoryOrItemTxt>
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        <EOYFMVAmt>1939727</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>RCP SECONDARY OPPORTUNITY</CategoryOrItemTxt>
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        <EOYFMVAmt>28721</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>REGIMENT CAPITAL SS FUND V</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>143291</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SIGULER GUFF SM BUYOUT OPP FD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>5749902</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>STEPSTONE SECONDARY OPP. II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>1848413</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>STONEHILL INST'L PARTNERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>3279940</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD INST INDEX-INST</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>39810348</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD M/C GROW INDX-ADM</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VANGUARD TOTAL INTERNATIONAL STOCK INDEX</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>11087181</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VR GLOBAL OFFSHORE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>4158277</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WELLINGTON EMERGING MARKETS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>4389197</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>WIF-TARPON INVESTIMENTOS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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        <EOYFMVAmt>1164474</EOYFMVAmt>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ACACIA INST'L PARNTERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
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      <OtherAssetsScheduleGrp>
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      <OtherAssetsScheduleGrp>
        <Desc>RECEIVABLE FROM BROKER FOR SECURITIES</Desc>
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      <OtherExpensesScheduleGrp>
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      <OtherExpensesScheduleGrp>
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      <OtherExpensesScheduleGrp>
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      <OtherExpensesScheduleGrp>
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      <OtherExpensesScheduleGrp>
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      <OtherLiabilitiesDetail>
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</Return>
