﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2019v5.2">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2021-09-14T11:26:39-05:00</ReturnTs>
    <TaxPeriodEndDt>2020-10-31</TaxPeriodEndDt>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2019-11-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>205973757</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>Robert C Dart Foundation</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>ROBE</BusinessNameControlTxt>
      <PhoneNum>5176763803</PhoneNum>
      <USAddress>
        <AddressLine1Txt>500 Hogsback Road</AddressLine1Txt>
        <CityNm>Mason</CityNm>
        <StateAbbreviationCd>MI</StateAbbreviationCd>
        <ZIPCd>48854</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Francis X Liesman II</PersonNm>
      <PersonTitleTxt>Asst. Secretary</PersonTitleTxt>
      <PhoneNum>5176763803</PhoneNum>
      <SignatureDt>2021-09-14</SignatureDt>
    </BusinessOfficerGrp>
    <TaxYr>2019</TaxYr>
    <BuildTS>2022-09-23 18:48:47Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="3">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>19355811</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>287049</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>287049</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-1327</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>30125555</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>0</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>285722</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>287049</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">317</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>0</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>317</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>317</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>0</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>317</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>0</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>0</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>317</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>0</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>317</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>285405</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>287049</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <OtherInvestmentsBOYAmt>18980252</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc2018100001">19265657</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>19355811</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>18980252</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>19265657</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>19355811</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>0</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>0</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>18980252</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>19265657</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>18980252</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>19265657</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>18980252</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>19265657</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>18980252</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>285405</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>19265657</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>19265657</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CITIGroup Inc</PropertyDesc>
          <AcquiredDt>2018-09-27</AcquiredDt>
          <SoldDt>2020-02-18</SoldDt>
          <GrossSalesPriceAmt>1500000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1500000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Wells Fargo &amp; Co NEW</PropertyDesc>
          <AcquiredDt>2019-01-22</AcquiredDt>
          <SoldDt>2020-01-30</SoldDt>
          <GrossSalesPriceAmt>11490000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11490000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JPMorgan Chase &amp; Co</PropertyDesc>
          <AcquiredDt>2019-07-26</AcquiredDt>
          <SoldDt>2020-09-29</SoldDt>
          <GrossSalesPriceAmt>1500000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1500402</CostOrOtherBasisAmt>
          <GainOrLossAmt>-402</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-402</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JPMorgan Chase &amp; Co</PropertyDesc>
          <AcquiredDt>2019-09-06</AcquiredDt>
          <SoldDt>2020-09-29</SoldDt>
          <GrossSalesPriceAmt>700000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>700343</CostOrOtherBasisAmt>
          <GainOrLossAmt>-343</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-343</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JPMorgan Chase &amp; Co</PropertyDesc>
          <AcquiredDt>2020-01-28</AcquiredDt>
          <SoldDt>2020-10-15</SoldDt>
          <GrossSalesPriceAmt>5000000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5000000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Wells Fargo &amp; Co</PropertyDesc>
          <AcquiredDt>2020-01-28</AcquiredDt>
          <SoldDt>2020-07-22</SoldDt>
          <GrossSalesPriceAmt>1215000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1215000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>United States Treasury</PropertyDesc>
          <AcquiredDt>2020-02-04</AcquiredDt>
          <SoldDt>2020-08-13</SoldDt>
          <GrossSalesPriceAmt>750000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>750000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Goldman Sachs Group Inc</PropertyDesc>
          <AcquiredDt>2020-02-04</AcquiredDt>
          <SoldDt>2020-06-15</SoldDt>
          <GrossSalesPriceAmt>750000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>750000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Wells Fargo &amp; Co</PropertyDesc>
          <AcquiredDt>2020-02-04</AcquiredDt>
          <SoldDt>2020-07-22</SoldDt>
          <GrossSalesPriceAmt>750000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>750000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Goldman Sachs Group Inc</PropertyDesc>
          <AcquiredDt>2020-02-14</AcquiredDt>
          <SoldDt>2020-03-23</SoldDt>
          <GrossSalesPriceAmt>1500000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1500582</CostOrOtherBasisAmt>
          <GainOrLossAmt>-582</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-582</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JPMorgan 100% U S</PropertyDesc>
          <AcquiredDt>2020-04-24</AcquiredDt>
          <SoldDt>2020-06-18</SoldDt>
          <GrossSalesPriceAmt>2059018</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2059018</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JPMorgan 100% U S</PropertyDesc>
          <AcquiredDt>2020-05-01</AcquiredDt>
          <SoldDt>2020-06-18</SoldDt>
          <GrossSalesPriceAmt>19125</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>19125</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JPMorgan 100% U S</PropertyDesc>
          <AcquiredDt>2020-06-08</AcquiredDt>
          <SoldDt>2020-06-18</SoldDt>
          <GrossSalesPriceAmt>20412</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>20412</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>United States Treasury</PropertyDesc>
          <AcquiredDt>2020-06-18</AcquiredDt>
          <SoldDt>2020-09-24</SoldDt>
          <GrossSalesPriceAmt>2120000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2120000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>United States Treasury</PropertyDesc>
          <AcquiredDt>2020-06-18</AcquiredDt>
          <SoldDt>2020-08-13</SoldDt>
          <GrossSalesPriceAmt>752000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>752000</CostOrOtherBasisAmt>
          <GainOrLossAmt>0</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>0</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-1327</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>145</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>18431295</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.000008</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>275985</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>18830044</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.014657</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>1935890</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>18520346</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.104528</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>3472388</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>20775259</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.167141</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>2596863</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>24490366</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.106036</DistributionYr5Rt>
        <TotalDistributionRt>0.392370</TotalDistributionRt>
        <AverageDistributionRt>0.078474</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>18968782</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>1488556</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>2870</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>1491426</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>317</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>5741</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>5741</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>5741</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>0</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>18000</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>18000</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>143</EsPenaltyAmt>
        <OverpaymentAmt>12116</OverpaymentAmt>
        <AppliedToESTaxAmt>12116</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>0</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>MI</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>Forms 990-PF are available at www.guidestar.org</WebsiteAddressTxt>
        <IndividualWithBooksNm>Teri Hull</IndividualWithBooksNm>
        <PhoneNum>5176763803</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>500 Hogsback Road</AddressLine1Txt>
          <CityNm>Mason</CityNm>
          <StateAbbreviationCd>MI</StateAbbreviationCd>
          <ZIPCd>48854</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>1</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</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>
        <TransactionsFailToQlfyAsExcInd>0</TransactionsFailToQlfyAsExcInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Robert C Dart</PersonNm>
          <ForeignAddress>
            <AddressLine1Txt>PO Box 30229</AddressLine1Txt>
            <CityNm>Grand Cayman</CityNm>
            <CountryCd>CJ</CountryCd>
            <ForeignPostalCd>KY1-1201</ForeignPostalCd>
          </ForeignAddress>
          <TitleTxt>President, Treasurer, &amp; Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>James D Lammers</PersonNm>
          <USAddress>
            <AddressLine1Txt>500 Hogsback Road</AddressLine1Txt>
            <CityNm>Mason</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48854</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary &amp; Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Francis X Liesman II</PersonNm>
          <USAddress>
            <AddressLine1Txt>500 Hogsback Road</AddressLine1Txt>
            <CityNm>Mason</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48854</ZIPCd>
          </USAddress>
          <TitleTxt>Assistant Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>17642438</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1615209</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>19257647</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>19257647</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>288865</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>18968782</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>948439</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>948439</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>5741</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>5741</TotalTaxAmt>
        <DistributableBeforeAdjAmt>942698</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>942698</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>942698</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>317</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>317</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>317</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>942698</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>525280</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>2440205</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>1014795</ExcessDistributionCyovYr3Amt>
        <TotalExcessDistributionCyovAmt>3980280</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>317</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>317</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>942381</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>942381</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>3037899</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>3037899</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>2023104</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>1014795</ExcessFromYear3Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>Robert C Dart</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <TotalGrantOrContriPdDurYrAmt>0</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>287049</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-1327</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>285722</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>285722</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>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>JP Morgan MM</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>46368</BookValueAmt>
        <EOYFMVAmt>46368</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>RBC Money Market</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>927292</BookValueAmt>
        <EOYFMVAmt>927292</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>JP Morgan Securities</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>18291997</BookValueAmt>
        <EOYFMVAmt>18382151</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>Bank Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>50</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>50</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Insurance</Desc>
        <RevenueAndExpensesPerBooksAmt>267</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>267</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
  </ReturnData>
</Return>