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        <ExcessDistributionCyovAppCYAmt>210928</ExcessDistributionCyovAppCYAmt>
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        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
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        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
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        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
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            <BusinessNameLine1Txt>UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL</BusinessNameLine1Txt>
          </RecipientBusinessName>
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            <AddressLine1Txt>103 SOUTH BUILDING CAMPUS BOX 9100</AddressLine1Txt>
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            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27599</ZIPCd>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
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            <BusinessNameLine1Txt>FORDHAM UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
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          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
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        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
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        </DivAndIntFromSecPartVIIGrp>
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        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>1</RelationshipsNonchrtblEOInd>
        <RelationshipScheduleDetail>
          <OrganizationBusinessName>
            <BusinessNameLine1Txt>THE NASDAQ STOCK MAR</BusinessNameLine1Txt>
          </OrganizationBusinessName>
          <OrganizationTypeDesc>POLITICAL ACTION COM</OrganizationTypeDesc>
          <RelationshipDescriptionTxt>COMMON DIRECTORS</RelationshipDescriptionTxt>
        </RelationshipScheduleDetail>
      </TrnsfrTransRlnNonchrtblEOGrp>
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    <IRS990ScheduleB documentId="RetDoc1234500001">
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      <GeneralRuleInd>X</GeneralRuleInd>
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        <ContributorBusinessName>
          <BusinessNameLine1Txt>NASDAQ INC</BusinessNameLine1Txt>
        </ContributorBusinessName>
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          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10036</ZIPCd>
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        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
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        <NetInvestmentIncomeAmt>16750</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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    </AccountingFeesSchedule>
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          <BusinessNameLine1Txt>EUROPEAN FINANCE ASSOCIATION</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>PASSAGE DU NORD 19</AddressLine1Txt>
          <CityNm>BRUSSELS</CityNm>
          <CountryCd>BE</CountryCd>
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        </ForeignAddress>
        <GrantDt>2019-03-16</GrantDt>
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        <ExpendedByGranteeAmt>20501</ExpendedByGranteeAmt>
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        <StockNm>VANGUARD - TOTAL BOND MKT INDEX INST</StockNm>
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        <EOYFMVAmt>5478425</EOYFMVAmt>
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      <OtherExpensesScheduleGrp>
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        <RevenueAndExpensesPerBooksAmt>5000</RevenueAndExpensesPerBooksAmt>
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        <Desc>FED DEFERRED INCOME TAX BENEFIT-UNREALIZED CAPITAL GAINS</Desc>
        <RevenueAndExpensesPerBooksAmt>19904</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>19904</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
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        <Desc>OTHER LIABILITIES</Desc>
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        <EOYBookValueAmt>24589</EOYBookValueAmt>
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    </OtherLiabilitiesSchedule>
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      <OtherProfessionalFeesDetail>
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        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
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      <TaxesDetail>
        <CategoryTxt>CURRENT FEDERAL EXCISE TAXES</CategoryTxt>
        <Amt>14835</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
