<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2020v4.1" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2021-11-15T15:34:56-08:00</ReturnTs>
    <TaxPeriodEndDt>2020-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>John T Ablamsky MBA CPA PFS</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>63 Reid Avenue</AddressLine1Txt>
        <CityNm>Port Washington</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>11050</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2020-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>208050779</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE GRACE AND MERCY FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>GRAC</BusinessNameControlTxt>
      <PhoneNum>2129842561</PhoneNum>
      <USAddress>
        <AddressLine1Txt>888 SEVENTH AVE</AddressLine1Txt>
        <CityNm>NEW YORK</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10019</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>SUMI KIM</PersonNm>
      <PersonTitleTxt>CO-PRESIDENT</PersonTitleTxt>
      <PhoneNum>2129842561</PhoneNum>
      <SignatureDt>2021-11-15</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>SUMI</PersonFirstNm>
        <PersonLastNm>KIM</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>John T Ablamsky</PreparerPersonNm>
      <PTIN>P01379861</PTIN>
      <PhoneNum>5168834306</PhoneNum>
      <PreparationDt>2021-11-15</PreparationDt>
    </PreparerPersonGrp>
    <AdditionalFilerInformation>
      <TrustedCustomerGrp>
        <TrustedCustomerCd>3</TrustedCustomerCd>
        <AuthenticationAssuranceLevelCd>AAL1</AuthenticationAssuranceLevelCd>
        <IdentityAssuranceLevelCd>IAL1</IdentityAssuranceLevelCd>
        <FederatedAssuranceLevelCd>FAL1</FederatedAssuranceLevelCd>
      </TrustedCustomerGrp>
    </AdditionalFilerInformation>
    <TaxYr>2020</TaxYr>
    <BuildTS>2022-09-23 18:48:47Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="15">
    <IRS990PF documentId="IRS990PF-01">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>923969270</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>4033912</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>1922271</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>1922271</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>44476</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>44476</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="GainLossSaleOtherAssetsSch-01" referenceDocumentName="GainLossFromSaleOtherAssetsSchedule">91937677</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>92898388</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>91937677</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>0</NetSTCapitalGainAdjNetIncmAmt>
        <GrossProfitRevAndExpnssAmt>0</GrossProfitRevAndExpnssAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2-01" referenceDocumentName="OtherIncomeSchedule2">1736241</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>1736241</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>99674577</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>95640665</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>0</TotalAdjNetIncmAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>4678406</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>1637442</OthEmplSlrsWgsNetInvstIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>3040964</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>894339</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>0</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftDsbrsChrtblAmt>894339</PensionEmplBnftDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSchedule-01" referenceDocumentName="LegalFeesSchedule">125013</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>0</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>125013</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule-01" referenceDocumentName="AccountingFeesSchedule">231903</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>227403</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>4500</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt>0</OtherProfFeesRevAndExpnssAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule-01" referenceDocumentName="TaxesSchedule">1150000</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>0</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="DepreciationSchedule-01" referenceDocumentName="DepreciationSchedule">13581</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnNetInvstIncmAmt>6791</DeprecAndDpltnNetInvstIncmAmt>
        <OccupancyRevAndExpnssAmt>292831</OccupancyRevAndExpnssAmt>
        <OccupancyNetInvstIncmAmt>0</OccupancyNetInvstIncmAmt>
        <OccupancyDsbrsChrtblAmt>292831</OccupancyDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>25802</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>0</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>25802</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule-01" referenceDocumentName="AmortizationSchedule OtherExpensesSchedule">2170166</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>85430</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>2084739</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>9582041</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>1957066</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>6468188</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>21861500</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>21861500</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>31443541</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>1957066</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>28329688</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>68231036</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>93683599</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>41315</CashBOYAmt>
        <CashEOYAmt>3088419</CashEOYAmt>
        <CashEOYFMVAmt>3088419</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>363367682</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>414001676</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>414001676</SavAndTempCashInvstEOYFMVAmt>
        <RcvblFromOfficersEOYAmt>0</RcvblFromOfficersEOYAmt>
        <OtherNtsAndLoansRcvblEOYAmt>0</OtherNtsAndLoansRcvblEOYAmt>
        <CorporateStockBOYAmt>0</CorporateStockBOYAmt>
        <CorporateStockEOYAmt>0</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>0</CorporateStockEOYFMVAmt>
        <LandBldgInvestmentsEOYAmt>0</LandBldgInvestmentsEOYAmt>
        <OtherInvestmentsBOYAmt>217410207</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2-01" referenceDocumentName="InvestmentsOtherSchedule2">387327206</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>506230615</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>65902</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>63308</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>4833</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="LandEtcSchedule2-01" referenceDocumentName="LandEtcSchedule2">2594</LandEOYAmt>
        <LandEOYFMVAmt>2594</LandEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="OtherAssetsSchedule-01" referenceDocumentName="OtherAssetsSchedule">645693</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSchedule-01" referenceDocumentName="OtherAssetsSchedule">645966</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="OtherAssetsSchedule-01" referenceDocumentName="OtherAssetsSchedule">645966</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>581469730</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>805065861</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>923969270</TotalAssetsEOYFMVAmt>
        <LoansFromOfficersEOYAmt>0</LoansFromOfficersEOYAmt>
        <MortgagesAndNotesPayableEOYAmt>0</MortgagesAndNotesPayableEOYAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="OtherLiabilitiesSchedule-01" referenceDocumentName="OtherLiabilitiesSchedule">50595</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="OtherLiabilitiesSchedule-01" referenceDocumentName="OtherLiabilitiesSchedule">27311</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>50595</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>27311</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>581419135</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>805038550</CapitalStockEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>581419135</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>805038550</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>581469730</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>805065861</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>581419135</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>68231036</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSchedule-01" referenceDocumentName="OtherIncreasesSchedule">155428666</OtherIncreasesAmt>
        <SubtotalAmt>805078837</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSchedule-01" referenceDocumentName="OtherDecreasesSchedule">40287</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>805038550</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>22.51 SHARES OF CASCABEL OFFSHORE, LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-02-01</AcquiredDt>
          <SoldDt>2020-03-31</SoldDt>
          <GrossSalesPriceAmt>492</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>2251</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1759</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>-1759</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>482.05 SHARES OF CASCABEL OFFSHORE, LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-02-01</AcquiredDt>
          <SoldDt>2020-03-31</SoldDt>
          <GrossSalesPriceAmt>8926</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>48205</CostOrOtherBasisAmt>
          <GainOrLossAmt>-39279</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>-39279</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>570 SHARES OF FALCON EDGE GLOBAL, LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-05-01</AcquiredDt>
          <SoldDt>2020-07-31</SoldDt>
          <GrossSalesPriceAmt>901710</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>620760</CostOrOtherBasisAmt>
          <GainOrLossAmt>280950</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>280950</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CREDIT SUISSE - EQUITY SWAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2020-07-31</SoldDt>
          <GrossSalesPriceAmt>0</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>2859</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2859</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>-2859</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CREDIT SUISSE - EQUITY SWAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2020-08-31</SoldDt>
          <GrossSalesPriceAmt>0</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>6158</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6158</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>-6158</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>26,630 SHARES OF MATCH GROUP INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-02-18</AcquiredDt>
          <SoldDt>2020-12-31</SoldDt>
          <GrossSalesPriceAmt>3994511</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>267531</CostOrOtherBasisAmt>
          <GainOrLossAmt>3726980</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>3726980</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY - EQUITY SWAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-11-02</AcquiredDt>
          <SoldDt>2020-02-29</SoldDt>
          <GrossSalesPriceAmt>5641771</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>5641771</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>5641771</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY - EQUITY SWAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2020-03-31</SoldDt>
          <GrossSalesPriceAmt>19132912</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>19132912</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>19132912</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY - EQUITY SWAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2020-02-27</AcquiredDt>
          <SoldDt>2020-04-30</SoldDt>
          <GrossSalesPriceAmt>0</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>4397</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4397</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>-4397</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY - EQUITY SWAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2020-06-30</SoldDt>
          <GrossSalesPriceAmt>51202601</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>51202601</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>51202601</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY - EQUITY SWAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-11-09</AcquiredDt>
          <SoldDt>2020-07-31</SoldDt>
          <GrossSalesPriceAmt>758092</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>758092</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>758092</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FX GAIN/(LOSS)</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2020-08-31</SoldDt>
          <GrossSalesPriceAmt>5272</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>5272</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>5272</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FX GAIN/(LOSS)</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2020-09-30</SoldDt>
          <GrossSalesPriceAmt>0</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>8550</CostOrOtherBasisAmt>
          <GainOrLossAmt>-8550</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>-8550</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY - EQUITY SWAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2020-10-31</SoldDt>
          <GrossSalesPriceAmt>4832410</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>4832410</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>4832410</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY - EQUITY SWAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2020-10-31</SoldDt>
          <GrossSalesPriceAmt>2190139</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>2190139</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>2190139</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY - EQUITY SWAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2020-10-31</SoldDt>
          <GrossSalesPriceAmt>1002741</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>1002741</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>1002741</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY - EQUITY SWAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2020-11-30</SoldDt>
          <GrossSalesPriceAmt>36868</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>36868</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>36868</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY - EQUITY SWAP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2020-11-30</SoldDt>
          <GrossSalesPriceAmt>3147279</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>3147279</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>3147279</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FX GAIN/(LOSS)</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2020-12-31</SoldDt>
          <GrossSalesPriceAmt>21892</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>21892</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>21892</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FX GAIN/(LOSS)</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2018-10-24</AcquiredDt>
          <SoldDt>2020-07-31</SoldDt>
          <GrossSalesPriceAmt>20772</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>20772</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>20772</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>91937677</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-4397</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>1302202</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>1302202</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>1302202</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>1549682</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>600000</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>2149682</TotalPaymentsAndCreditsAmt>
        <OriginalReturnOverpaymentAmt>-2149682</OriginalReturnOverpaymentAmt>
        <OverpaymentAmt>847480</OverpaymentAmt>
        <AppliedToESTaxAmt>847480</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>true</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd referenceDocumentId="DonorAdvisedFundStmt-01" referenceDocumentName="DonorAdvisedFundStatement">true</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>PATRICK HALLIGAN</IndividualWithBooksNm>
        <PhoneNum>2129842561</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
          <CityNm>NY</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10019</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SUMI KIM</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <TitleTxt>CO-PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>650000</CompensationAmt>
          <EmployeeBenefitProgramAmt>64535</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHRISTOPHER MCPADDEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <TitleTxt>CO-PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>550000</CompensationAmt>
          <EmployeeBenefitProgramAmt>65164</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SUNG KOOK HWANG</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BECKY HWANG</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT AND DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PATRICK HALLIGAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANDREW MILLS</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <TitleTxt>CO-CHAIRMAN AND DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>8.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>AE RAN MOON</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <TitleTxt>PROGRAM OFFICER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>465000</CompensationAmt>
          <EmployeeBenefitsAmt>55049</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>EUNG SIK KIM</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <TitleTxt>PROGRAM OFFICER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>450000</CompensationAmt>
          <EmployeeBenefitsAmt>66064</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>DANIEL SANFORD</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <TitleTxt>PROGRAM OFFICER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>340000</CompensationAmt>
          <EmployeeBenefitsAmt>62412</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>LANYU XU</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <TitleTxt>PROGRAM OFFICER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>340000</CompensationAmt>
          <EmployeeBenefitsAmt>38445</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>SAMUEL TRAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <TitleTxt>PROGRAM OFFICER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>235000</CompensationAmt>
          <EmployeeBenefitsAmt>49732</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <OtherEmployeePaidOver50kCnt>17</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>INSPIRATIONAL LEADERSHIP LLC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>PROGRAM CONSULTING</ServiceTypeTxt>
          <CompensationAmt>200000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <PersonNm>CHARLES KIM</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>PROGRAM CONSULTING</ServiceTypeTxt>
          <CompensationAmt>175000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <PersonNm>PAUL GOJKOVICH</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>PROGRAM CONSULTING</ServiceTypeTxt>
          <CompensationAmt>120000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <PersonNm>MYEONGSUK PARK</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>PROGRAM CONSULTING</ServiceTypeTxt>
          <CompensationAmt>85000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>NOT APPLICABLE</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>NOT APPLICABLE</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>0</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>401973072</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>336544029</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>738517101</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>738517101</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>11077757</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>727439344</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>36371967</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>36371967</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1302202</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1302202</TotalTaxAmt>
        <DistributableBeforeAdjAmt>35069765</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>35069765</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>35069765</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>28329688</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>28329688</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>28329688</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>35069765</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>4852971</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>4639248</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>1131317</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>0</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>0</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>10623536</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>28329688</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>28329688</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>6740077</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>6740077</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>3883459</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>3883459</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>2752142</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>1131317</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>0</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>0</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>0</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>SUNG KOOK HWANG</ContributingManagerNm>
        <ShareholderManagerNm>NA</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>A ROCHA USA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>131 EAST MAIN STREET SUITE 205</AddressLine1Txt>
            <CityNm>FREDERICKSBURG</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78624</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ASSEMBLIES OF GOD KOREAN DISTRICT COUNCIL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1445 N BOONVILLE AVE</AddressLine1Txt>
            <CityNm>SPRINGFIELD</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>65802</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>8000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>AVAIL NYC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>115 W 45TH ST FL 4</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10036</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>160000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEACON CHRISTIAN COMMUNITY HEALTH CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2079 FOREST AVE</AddressLine1Txt>
            <CityNm>STATEN ISLAND</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10303</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>MEDICAL</GrantOrContributionPurposeTxt>
          <Amt>175000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHILDREN'S AID</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>117 WEST 124TH STREET 3RD FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHRISTIAN EMBASSY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2000 24TH ST NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20008</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>45000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CHRISTIAN UNION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>19 VANDEVENTER AVE</AddressLine1Txt>
            <CityNm>PRINCETON</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08542</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CITY SEMINARY OF NEW YORK</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1858</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10026</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CRU INNER CITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>100 LAKE HART DRIVE</AddressLine1Txt>
            <CityNm>ORLANDO</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32832</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DWIGHT-ENGLEWOOD SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>315 E PALISADE AVE</AddressLine1Txt>
            <CityNm>ENGLEWOOD</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07631</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>610000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>EL POZO DE VIDA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>910 W 17TH STREET SUITE B</AddressLine1Txt>
            <CityNm>SANTA ANA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92706</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>85000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>EXODUS TRANSITIONAL COMMUNITY INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2271 3RD AVE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10035</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FELLOWSHIP OF CHRISTIAN ATHLETES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>8701 LEEDS RD</AddressLine1Txt>
            <CityNm>KANSAS CITY</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>64129</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FULLER THEOLOGICAL SEMINARY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>135 N OAKLAND AVE</AddressLine1Txt>
            <CityNm>PASADENA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91101</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>500000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOPE FOR NEW YORK</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>57 W 57TH ST 4TH FL</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HUMANITARIAN</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INFINITY BIBLE CHURCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1326 MORRISON AVE</AddressLine1Txt>
            <CityNm>BRONX</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10472</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INHERITANCE OF HOPE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 90</AddressLine1Txt>
            <CityNm>PISGAH FOREST</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>28768</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HUMANITARIAN</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INTERNATIONAL JUSTICE MISSION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 58147</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20037</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HUMANITARIAN</GrantOrContributionPurposeTxt>
          <Amt>700000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE KOREAN-AMERICAN FAMILY SERVICE CENTER INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 541429</AddressLine1Txt>
            <CityNm>FLUSHING</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11354</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CULTURAL</GrantOrContributionPurposeTxt>
          <Amt>55000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LAUSANNE MOVEMENT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>10524 MOSS PARK ROAD SUITE 201 358</AddressLine1Txt>
            <CityNm>ORLANDO</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32832</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HUMANITARIAN</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LUIS PALAU ASSOCIATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1500 NORTHWEST 167TH PLACE</AddressLine1Txt>
            <CityNm>BEAVERTON</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
            <ZIPCd>97006</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>275000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MILITARY COMMUNITY YOUTH MINISTRIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>540 NORTH CASCADE AVENUE SUITE 300</AddressLine1Txt>
            <CityNm>COLORADO SPRINGS</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80903</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NEHEMIAH COMMUNITY DEVELOPMENT CORP</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>655 W BADGER RD</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53713</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>180000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NEW ASIA FOUNDATION FOR ED AND CULTURE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3440 WILSHIRE BLVD STE 505</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90010</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NEW CANAAN SOCIETY INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>45 ROCKEFELLER PLZ STE 2000</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10111</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HUMANITARIAN</GrantOrContributionPurposeTxt>
          <Amt>115000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NEW YORK CITY RELIEF</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1359 BROADWAY</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10018</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HUMANITARIAN</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NOMI NETWORK</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 42</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10156</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HUMANITARIAN</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>RESTORE NYC INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>20 W 46TH ST APT 2B</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10036</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>RISING TIDE CAPITAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>384 MARTIN LUTHER KING DRIVE</AddressLine1Txt>
            <CityNm>JERSEY CITY</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07305</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BIBLE PROJECT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1302 SE ANKENY ST</AddressLine1Txt>
            <CityNm>PORTLAND</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
            <ZIPCd>97214</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>90000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE BOWERY MISSION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>335 LEXINGTON AVENUE 19TH FL</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE FULLER FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>385 E COLORADO BLVD STE 250</AddressLine1Txt>
            <CityNm>PASADENA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91101</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>11550000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE GENEVA SCHOOL OF MANHATTAN</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>138 W 90TH ST</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10024</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>175000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KINGS COLLEGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>56 BROADWAY</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10004</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATIONAL</GrantOrContributionPurposeTxt>
          <Amt>475000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THEOLOGY OF WORK PROJECT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>15 NOTRE DAME AVE</AddressLine1Txt>
            <CityNm>CAMBRIDGE</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02140</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HUMANITARIAN</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>USTA FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>70 WEST RED OAK LANE</AddressLine1Txt>
            <CityNm>WHITE PLAINS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10604</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YOUNG LIFE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 520</AddressLine1Txt>
            <CityNm>COLORADO SPRINGS</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80901</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ZIMELE USA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>291 S VAN BRUNT ST STE 4</AddressLine1Txt>
            <CityNm>ENGLEWOOD</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07631</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HUMANITARIAN</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NURU INTERNATIONAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>270 BAKER STREET EAST SUITE 200</AddressLine1Txt>
            <CityNm>COSTA MESA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92626</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>85000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PAVE SCHOOLS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>732 HENRY ST</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11231</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATION</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INTERVARSITY CHRISTIAN FELLOWSHIP</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>635 SCIENCE DRIVE</AddressLine1Txt>
            <CityNm>MADISON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53711</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MANGO FUND INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>989 MEMORIAL DR APT 90</AddressLine1Txt>
            <CityNm>CAMBRIDGE</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02138</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>125000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PRISON FELLOWSHIP MINISTRIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>44180 RIVERSIDE PARKWAY</AddressLine1Txt>
            <CityNm>LANSDOWNE</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>20176</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GEORGE W BUSH PRESIDENTIAL CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2943 SMU BOULEVARD</AddressLine1Txt>
            <CityNm>DALLAS</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75205</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HAWAIIAN ISLANDS MINISTRIES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>547 HALEKAUWILA STREET</AddressLine1Txt>
            <CityNm>HONOLULU</CityNm>
            <StateAbbreviationCd>HI</StateAbbreviationCd>
            <ZIPCd>96813</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SALVATION ARMY GREATER NEW YORK DIVISION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>120 W 14TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10011</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CARNEGIE HALL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>881 SEVENTH AVENUE</AddressLine1Txt>
            <CityNm>NEW YORK CITY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10019</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>REFORMED UNIVERSITY INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1724 ATKINSON RD</AddressLine1Txt>
            <CityNm>LAWRENCEVILLE</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30043</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FAITH COMES BY HEARING</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2421 AZTEC RD NE</AddressLine1Txt>
            <CityNm>ALBUQUERQUE</CityNm>
            <StateAbbreviationCd>NM</StateAbbreviationCd>
            <ZIPCd>87107</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>1538000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KOREAN AMERICAN COMMUNITY FOUNDATION INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>501 FIFTH AVE 3RD FL</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE NAVIGATORS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3820 N 30TH ST</AddressLine1Txt>
            <CityNm>COLORADO SPRINGS</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80904</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>35000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FOUNTAIN OF LIFE COVENANT CHURCH INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1328</AddressLine1Txt>
            <CityNm>RUSTON</CityNm>
            <StateAbbreviationCd>LA</StateAbbreviationCd>
            <ZIPCd>71273</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE FELLOWSHIP OF FATHERS FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3032 W BETTY ELYSE LN</AddressLine1Txt>
            <CityNm>PHOENIX</CityNm>
            <StateAbbreviationCd>AZ</StateAbbreviationCd>
            <ZIPCd>85053</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BEHOLD ISRAEL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>18940 BASE CAMP RD</AddressLine1Txt>
            <CityNm>MONUMENT</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80132</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HUMANITARIAN</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>RESONATE GLOBAL MISSION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1700 28TH STREET SE</AddressLine1Txt>
            <CityNm>GRAND RAPIDS</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>49508</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>90000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>414 WINDOW NEW YORK FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>130-30 31ST AVE 9TH FLOOR</AddressLine1Txt>
            <CityNm>FLUSHING</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11354</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>180000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>OPEN HANDS LEGAL SERVICES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>175 E 125TH ST</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10035</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HUMANITARIAN</GrantOrContributionPurposeTxt>
          <Amt>67500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FAMILY TOUCH INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>240 GRAND AVE</AddressLine1Txt>
            <CityNm>LEBONIA</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07605</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY</GrantOrContributionPurposeTxt>
          <Amt>33000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>OTR LIVING WATER CHURCH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1510 REPUBLIC ST</AddressLine1Txt>
            <CityNm>CINCINNATI</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>45202</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>IN GRACE MISSION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4659 MINORCA WAY</AddressLine1Txt>
            <CityNm>BUENA PARK</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90621</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>300000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>YOUTH FOR CHRIST USA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>7670 S VAUGHN CT</AddressLine1Txt>
            <CityNm>ENGLEWOOD</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>80112</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LIBERTY IN NORTH KOREA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1751 TORRANCE BLVD STE L</AddressLine1Txt>
            <CityNm>TORRANCE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90501</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HUMANITARIAN</GrantOrContributionPurposeTxt>
          <Amt>400000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PRISON FELLOWSHIP INTERNATIONAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 17434</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20041</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>509(a)1170(b)(1)(A)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RELIGIOUS</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>21861500</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1922271</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>44476</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>91937677</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>LONE CASCADE, L.P. - FROM K-1</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1874552</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>KKR GLOBAL IMPACT FUND SCSP - FROM K-1</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-121414</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>TIGER GLOBAL PRIV INV PARTNERS XI - FROM K-1</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>177265</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>FURTHER GLOBAL CAPITAL PARTNERS-A, LP - FROM K-1</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-165501</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>ASCEND CAPITAL PARTNERS CO-INVEST (BLOCKER), L.P. - FROM K-1</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-28661</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>95640665</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>95640665</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>
    <IRS990ScheduleB documentId="IRS990ScheduleB-01">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>SUNG KOOK HWANG</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>C/O THE GRACE AND MERCY FOUNDATION</AddressLine1Txt>
          <CityNm>NEW YORK</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10019</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>4033912</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>26,630 SHARES OF MATCH.COM</NoncashPropertyDesc>
        <FairMarketValueAmt>4033912</FairMarketValueAmt>
        <ReceivedDt>2020-12-30</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule-01">
      <AccountingFeesDetail>
        <CategoryTxt>JOHN T. ABLAMSKY, CPA TAX &amp; ACCOUNTING</CategoryTxt>
        <Amt>18000</Amt>
        <NetInvestmentIncomeAmt>13500</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>4500</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>CITCO FUND SERVICES FUND SERVICES</CategoryTxt>
        <Amt>213903</Amt>
        <NetInvestmentIncomeAmt>213903</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSchedule-01">
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2010-11-01</AcquiredDt>
        <CostOrOtherBasisAmt>1197</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1197</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>F&amp;F</PropertyDesc>
        <AcquiredDt>2011-01-04</AcquiredDt>
        <CostOrOtherBasisAmt>11296</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>11296</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>F&amp;F</PropertyDesc>
        <AcquiredDt>2011-07-07</AcquiredDt>
        <CostOrOtherBasisAmt>1174</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1174</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2011-01-31</AcquiredDt>
        <CostOrOtherBasisAmt>5059</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5059</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2011-05-31</AcquiredDt>
        <CostOrOtherBasisAmt>1805</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1805</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2011-06-28</AcquiredDt>
        <CostOrOtherBasisAmt>902</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>902</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2012-04-15</AcquiredDt>
        <CostOrOtherBasisAmt>978</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>978</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2012-05-16</AcquiredDt>
        <CostOrOtherBasisAmt>2057</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2057</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2012-06-15</AcquiredDt>
        <CostOrOtherBasisAmt>2813</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2813</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2012-07-16</AcquiredDt>
        <CostOrOtherBasisAmt>1139</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1139</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2012-10-16</AcquiredDt>
        <CostOrOtherBasisAmt>668</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>668</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>F&amp;F</PropertyDesc>
        <AcquiredDt>2014-04-21</AcquiredDt>
        <CostOrOtherBasisAmt>2140</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1853</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>191</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>95</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>F&amp;F</PropertyDesc>
        <AcquiredDt>2014-06-09</AcquiredDt>
        <CostOrOtherBasisAmt>6904</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5980</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>616</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>308</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>F&amp;F</PropertyDesc>
        <AcquiredDt>2015-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>838</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>652</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>74</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>38</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2015-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>568</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>535</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>33</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>16</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>F&amp;F</PropertyDesc>
        <AcquiredDt>2016-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>1020</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>701</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>91</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>46</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2017-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>10708</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>7624</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.000000000000</LifeRt>
        <CurrentYearExpenseAmt>1234</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>617</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>F&amp;F</PropertyDesc>
        <AcquiredDt>2019-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>3294</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>0</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>LEASEHOLD IMPS</PropertyDesc>
        <AcquiredDt>2020-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>11342</CostOrOtherBasisAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>15.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>5671</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <GainLossSaleOtherAssetsSch documentId="GainLossSaleOtherAssetsSch-01">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>22.51 SHARES OF CASCABEL OFFSHORE, LTD</AssetDesc>
        <AcquiredDt>2010-02</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-03</SoldDt>
        <GrossSalesPriceAmt>492</GrossSalesPriceAmt>
        <BasisAmt>2251</BasisAmt>
        <TotalNetAmt>-1759</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>482.05 SHARES OF CASCABEL OFFSHORE, LTD</AssetDesc>
        <AcquiredDt>2010-02</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-03</SoldDt>
        <GrossSalesPriceAmt>8926</GrossSalesPriceAmt>
        <BasisAmt>48205</BasisAmt>
        <TotalNetAmt>-39279</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>570 SHARES OF FALCON EDGE GLOBAL, LTD</AssetDesc>
        <AcquiredDt>2013-05</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-07</SoldDt>
        <GrossSalesPriceAmt>901710</GrossSalesPriceAmt>
        <BasisAmt>620760</BasisAmt>
        <TotalNetAmt>280950</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>CREDIT SUISSE - EQUITY SWAP</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-07</SoldDt>
        <GrossSalesPriceAmt>0</GrossSalesPriceAmt>
        <BasisAmt>2859</BasisAmt>
        <TotalNetAmt>-2859</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>CREDIT SUISSE - EQUITY SWAP</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-08</SoldDt>
        <GrossSalesPriceAmt>0</GrossSalesPriceAmt>
        <BasisAmt>6158</BasisAmt>
        <TotalNetAmt>-6158</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>26,630 SHARES OF MATCH GROUP INC</AssetDesc>
        <AcquiredDt>2016-02</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-12</SoldDt>
        <GrossSalesPriceAmt>3994511</GrossSalesPriceAmt>
        <BasisAmt>267531</BasisAmt>
        <TotalNetAmt>3726980</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY - EQUITY SWAP</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-02</SoldDt>
        <GrossSalesPriceAmt>5641771</GrossSalesPriceAmt>
        <BasisAmt>0</BasisAmt>
        <TotalNetAmt>5641771</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY - EQUITY SWAP</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-03</SoldDt>
        <GrossSalesPriceAmt>19132912</GrossSalesPriceAmt>
        <BasisAmt>0</BasisAmt>
        <TotalNetAmt>19132912</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY - EQUITY SWAP</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-04</SoldDt>
        <GrossSalesPriceAmt>0</GrossSalesPriceAmt>
        <BasisAmt>4397</BasisAmt>
        <TotalNetAmt>-4397</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY - EQUITY SWAP</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-06</SoldDt>
        <GrossSalesPriceAmt>51202601</GrossSalesPriceAmt>
        <BasisAmt>0</BasisAmt>
        <TotalNetAmt>51202601</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY - EQUITY SWAP</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-07</SoldDt>
        <GrossSalesPriceAmt>758092</GrossSalesPriceAmt>
        <BasisAmt>0</BasisAmt>
        <TotalNetAmt>758092</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>FX GAIN/(LOSS)</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-08</SoldDt>
        <GrossSalesPriceAmt>5272</GrossSalesPriceAmt>
        <BasisAmt>0</BasisAmt>
        <TotalNetAmt>5272</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>FX GAIN/(LOSS)</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-09</SoldDt>
        <GrossSalesPriceAmt>0</GrossSalesPriceAmt>
        <BasisAmt>8550</BasisAmt>
        <TotalNetAmt>-8550</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY - EQUITY SWAP</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-10</SoldDt>
        <GrossSalesPriceAmt>4832410</GrossSalesPriceAmt>
        <BasisAmt>0</BasisAmt>
        <TotalNetAmt>4832410</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY - EQUITY SWAP</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-10</SoldDt>
        <GrossSalesPriceAmt>2190139</GrossSalesPriceAmt>
        <BasisAmt>0</BasisAmt>
        <TotalNetAmt>2190139</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY - EQUITY SWAP</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-10</SoldDt>
        <GrossSalesPriceAmt>1002741</GrossSalesPriceAmt>
        <BasisAmt>0</BasisAmt>
        <TotalNetAmt>1002741</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY - EQUITY SWAP</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-11</SoldDt>
        <GrossSalesPriceAmt>36868</GrossSalesPriceAmt>
        <BasisAmt>0</BasisAmt>
        <TotalNetAmt>36868</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>MORGAN STANLEY - EQUITY SWAP</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-11</SoldDt>
        <GrossSalesPriceAmt>3147279</GrossSalesPriceAmt>
        <BasisAmt>0</BasisAmt>
        <TotalNetAmt>3147279</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>FX GAIN/(LOSS)</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-12</SoldDt>
        <GrossSalesPriceAmt>21892</GrossSalesPriceAmt>
        <BasisAmt>0</BasisAmt>
        <TotalNetAmt>21892</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>FX GAIN/(LOSS)</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2020-07</SoldDt>
        <GrossSalesPriceAmt>20772</GrossSalesPriceAmt>
        <BasisAmt>0</BasisAmt>
        <TotalNetAmt>20772</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2-01">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>VARIOUS INVESTMENTS</CategoryOrItemTxt>
        <BookValueAmt>387327206</BookValueAmt>
        <EOYFMVAmt>506230615</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSchedule2-01">
      <LandEtcGrp>
        <CategoryOrItemTxt>FURNITURE &amp; FIXTURES</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>26665</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>25922</AccumulatedDepreciationAmt>
        <BookValueAmt>743</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>COMPUTER EQUIPMENT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>27895</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>26044</AccumulatedDepreciationAmt>
        <BookValueAmt>1851</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>LEASEHOLD IMPROVEMENTS</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>11342</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>11342</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSchedule-01">
      <LegalFeesGrp>
        <CategoryTxt>ROPES &amp; GRAY LLP LEGAL</CategoryTxt>
        <LegalFeesAmt>29768</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>29768</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
      <LegalFeesGrp>
        <CategoryTxt>GIBBONS P.C. LEGAL</CategoryTxt>
        <LegalFeesAmt>87405</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>87405</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
      <LegalFeesGrp>
        <CategoryTxt>J GLOBAL LAW GROUP LEGAL</CategoryTxt>
        <LegalFeesAmt>3500</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>3500</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
      <LegalFeesGrp>
        <CategoryTxt>JUDY CHANG LAW FIRM LEGAL</CategoryTxt>
        <LegalFeesAmt>4340</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>4340</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule-01">
      <OtherAssetsScheduleGrp>
        <Desc>SECURITY DEPOSIT</Desc>
        <BOYBookValueAmt>565693</BOYBookValueAmt>
        <EOYBookValueAmt>565966</EOYBookValueAmt>
        <EOYFMVAmt>565966</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <BOYBookValueAmt>80000</BOYBookValueAmt>
        <EOYBookValueAmt>80000</EOYBookValueAmt>
        <EOYFMVAmt>80000</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule-01">
      <OtherDecreasesDetail>
        <Desc>NONDEDUCTIBLE EXPENSES</Desc>
        <Amt>40287</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule-01">
      <OtherExpensesScheduleGrp>
        <Desc>NYS FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>1500</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1500</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>19149</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>19152</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>29924</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>29924</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PAYROLL EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>244087</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>85430</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>158657</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES,POSTAGE,PRINTING,ETC</Desc>
        <RevenueAndExpensesPerBooksAmt>127328</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>127328</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REG. CONF. SEMINAR</Desc>
        <RevenueAndExpensesPerBooksAmt>12898</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>12898</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>LOCAL TRANSPORTATION</Desc>
        <RevenueAndExpensesPerBooksAmt>54486</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>54486</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MEALS @ 50%</Desc>
        <RevenueAndExpensesPerBooksAmt>40287</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>40287</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CONTRACT HIRE</Desc>
        <RevenueAndExpensesPerBooksAmt>631869</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>631869</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>RESEARCH</Desc>
        <RevenueAndExpensesPerBooksAmt>1008638</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1008638</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2-01">
      <OtherIncomeDetail>
        <Desc>LONE CASCADE, L.P. - FROM K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>1874552</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1874552</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>KKR GLOBAL IMPACT FUND SCSP - FROM K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>-121414</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-121414</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>TIGER GLOBAL PRIV INV PARTNERS XI - FROM K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>177265</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>177265</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>FURTHER GLOBAL CAPITAL PARTNERS-A, LP - FROM K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>-165501</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-165501</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ASCEND CAPITAL PARTNERS CO-INVEST (BLOCKER), L.P.</Desc>
        <RevenueAndExpensesPerBooksAmt>-28661</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-28661</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSchedule-01">
      <OtherIncreasesDetail>
        <Desc>BOOK TO TAX ADJUSTMENT</Desc>
        <Amt>155428666</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="OtherLiabilitiesSchedule-01">
      <OtherLiabilitiesDetail>
        <Desc>EMPLOYEE BENEFITS PAYABLE</Desc>
        <BOYBookValueAmt>6390</BOYBookValueAmt>
        <EOYBookValueAmt>7379</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>CREDIT CARD</Desc>
        <BOYBookValueAmt>44205</BOYBookValueAmt>
        <EOYBookValueAmt>19932</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="TaxesSchedule-01">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX</CategoryTxt>
        <Amt>1150000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
