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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WALT DISNEY CO</PropertyDesc>
          <HowAcquiredCd>D</HowAcquiredCd>
          <AcquiredDt>1984-01-01</AcquiredDt>
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        <CapGainsLossTxInvstIncmGrp>
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        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
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        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
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            <AddressLine1Txt>PO BOX 14-4200</AddressLine1Txt>
            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
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          <TitleTxt>PRESIDENT</TitleTxt>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SUE M COBB</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 14-4200</AddressLine1Txt>
            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
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          <TitleTxt>VICE PRESIDE</TitleTxt>
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        <OfficerDirTrstKeyEmplGrp>
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          <USAddress>
            <AddressLine1Txt>PO BOX 14-4200</AddressLine1Txt>
            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TOBIN T COBB</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 14-4200</AddressLine1Txt>
            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
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          <TitleTxt>VICE PRESIDE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KOLLEEN O COBB</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 14-4200</AddressLine1Txt>
            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2500</CompensationAmt>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LUISA S COBB</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 14-4200</AddressLine1Txt>
            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
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          <CompensationAmt>2500</CompensationAmt>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>29645103</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>662394</AverageMonthlyCashBalancesAmt>
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        <MinimumInvestmentReturnAmt>1492644</MinimumInvestmentReturnAmt>
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      <QualifyingDistriPartXIIGrp>
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        <QualifyingDistributionsAmt>1442375</QualifyingDistributionsAmt>
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        <AdjustedQualifyingDistriAmt>1418907</AdjustedQualifyingDistriAmt>
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        <DistributableAsAdjustedAmt>1469176</DistributableAsAdjustedAmt>
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        <ContributingManagerNm>CHARLES E COBB JR</ContributingManagerNm>
        <ContributingManagerNm>TOBIN T COBB</ContributingManagerNm>
        <ContributingManagerNm>CHRISTIAN M COBB</ContributingManagerNm>
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          <RecipientPersonNm>COBB FAMILY FOUNDATION ADMIN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>4000 PONCE DE LEON BLVD STE 470</AddressLine1Txt>
            <CityNm>CORAL GABLES</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33146</ZIPCd>
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          <RecipientPhoneNum>3054411700</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>REQUESTS FOR CONTRIBUTIONS SHOULD INCLUDE A BRIEF HISTORY OF THE ORGANIZATION, A CURRENT LIST OF MEMBERS OF THE BOARD OF DIRECTORS AND SENIOR EXECUTIVES, THE CURRENT ANNUAL BUDGET, THE ENTITY'S PERCENT MANAGEMENT/ADMINISTRATION COSTS TO DOLLARS DISTRIBUTED, THE PROPOSED USE OF REQUESTED FUNDS AND THE AMOUNT OF THE REQUEST. FURTHER, THE FOUNDATION WILL REQUIRE A COPY OF THE ORGANIZATION'S TAX EXEMPTION CERTIFICATE. ALL REQUESTS SHOULD BE MAILED TO: THE COBB FAMILY FOUNDATION ATTENTION: COBB FAMILY FOUNDATION ADMINISTRATOR PO BOX 14-4200 CORAL GABLES, FLORIDA 33114-4200 (305) 471-1700 FAX (305) 445-5674</FormAndInfoAndMaterialsTxt>
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          <RestrictionsOnAwardsTxt>SEE STATEMENT 11</RestrictionsOnAwardsTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE STATEMENT 13</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>SEE STATEMENT 13</AddressLine1Txt>
            <CityNm>SEE STATEMENT</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE STATEMENT 14</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>SEE STATEMENT 14</AddressLine1Txt>
            <CityNm>SEE STATEMENT</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
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          <RecipientFoundationStatusTxt>VARIOUS</RecipientFoundationStatusTxt>
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        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
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        <ContributorPersonNm>CHARLES E COBB JR</ContributorPersonNm>
        <ContributorUSAddress>
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          <CityNm>CORAL GABLES</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>331144200</ZIPCd>
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      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>CHRISTIAN M COBB</ContributorPersonNm>
        <ContributorUSAddress>
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          <StateAbbreviationCd>FL</StateAbbreviationCd>
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      <ContributorInformationGrp>
        <ContributorNum>3</ContributorNum>
        <ContributorPersonNm>TOBIN T COBB</ContributorPersonNm>
        <ContributorUSAddress>
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          <CityNm>CORAL GABLES</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>331144200</ZIPCd>
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        <TotalContributionsAmt>29444</TotalContributionsAmt>
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        <ReceivedDt>2018-12-31</ReceivedDt>
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        <ReceivedDt>2019-04-26</ReceivedDt>
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      </InvestmentsCorporateBondsGrp>
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      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>CVS HEALTH CORP - 2.125% DUE 6/1/21</BondNm>
        <EOYBookValueAmt>72993</EOYBookValueAmt>
        <EOYFMVAmt>74910</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EXXON MOBIL CORP. 1.819% 3/15/19</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FORD MOTOR CREDIT 1.897% 08/12/19</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FORD MOTOR CREDIT 2.25% 08/20/19</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FREEPORT - MCMORAN 3.1% 03/15/20</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GENERAL MOTORS FINL 2.4% 5/9/19</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MORGAN STANLEY - 2.625% DUE 11/17/21</BondNm>
        <EOYBookValueAmt>74115</EOYBookValueAmt>
        <EOYFMVAmt>75669</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>SEARS HOLDING CORP 8% 12/15/19</BondNm>
        <EOYBookValueAmt>29000</EOYBookValueAmt>
        <EOYFMVAmt>290</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>TEVA PHARM USA 2.25 03/18/20</BondNm>
        <EOYBookValueAmt>98517</EOYBookValueAmt>
        <EOYFMVAmt>98625</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>THE WESTERN UNION - VAR 5/22/19</BondNm>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GENERAL ELECTRIC - 2.7% DUE 10/9/22</BondNm>
        <EOYBookValueAmt>150503</EOYBookValueAmt>
        <EOYFMVAmt>150420</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MACY'S RETAIL - 2.875% DUE 2/15/23</BondNm>
        <EOYBookValueAmt>149870</EOYBookValueAmt>
        <EOYFMVAmt>148283</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>STARWOOD HOTEL - 3.125% DUE 2/15/23</BondNm>
        <EOYBookValueAmt>100998</EOYBookValueAmt>
        <EOYFMVAmt>101359</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GENERAL ELECTRIC 3.303% DUE 4/15/23</BondNm>
        <EOYBookValueAmt>101311</EOYBookValueAmt>
        <EOYFMVAmt>98438</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EBAY INC 2.75% DUE 1/30/23</BondNm>
        <EOYBookValueAmt>100396</EOYBookValueAmt>
        <EOYFMVAmt>101278</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GOLDMAN SACHS 2.35% DUE 11/15/21</BondNm>
        <EOYBookValueAmt>100373</EOYBookValueAmt>
        <EOYFMVAmt>100100</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc5">
      <InvestmentsCorporateStockGrp>
        <StockNm>STOCKS - SEE STATEMENT 6A</StockNm>
        <EOYBookValueAmt>5284148</EOYBookValueAmt>
        <EOYFMVAmt>14817615</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCHWAB MUTUAL FUNDS</StockNm>
        <EOYBookValueAmt>1794424</EOYBookValueAmt>
        <EOYFMVAmt>2010198</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD MUTUAL FUNDS</StockNm>
        <EOYBookValueAmt>2480729</EOYBookValueAmt>
        <EOYFMVAmt>6479378</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc6">
      <USGovtObligationsBookVlEOYAmt>4517896</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>4785507</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="RetDoc7">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BUCKEY PARTNERS LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PLANS ALL AMERICAN PIPELINE LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>33770</BookValueAmt>
        <EOYFMVAmt>31125</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PLANS GP HOLDING LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>34871</BookValueAmt>
        <EOYFMVAmt>31845</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ENTERPRISE PRODUCTS LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PHILLIPS 66 PARTNERS LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>94500</BookValueAmt>
        <EOYFMVAmt>113240</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc8">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>5394</LegalFeesAmt>
        <NetInvestmentIncomeAmt>5000</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>394</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc9">
      <OtherAssetsScheduleGrp>
        <Desc>TOTAL ASSETS</Desc>
        <BOYBookValueAmt>6171</BOYBookValueAmt>
        <EOYBookValueAmt>1568</EOYBookValueAmt>
        <EOYFMVAmt>1568</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>PURCHASED INTEREST</Desc>
        <EOYBookValueAmt>2422</EOYBookValueAmt>
        <EOYFMVAmt>2422</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc10">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>288</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>288</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>11658</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>11658</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES AND SUBSCRIPTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>950</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>475</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>475</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INTEREST EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>194</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PROMOTIONS AND ENTERTAINMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>11911</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>11911</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc11">
      <TaxesDetail>
        <CategoryTxt>TAXES - OTHER</CategoryTxt>
        <Amt>5063</Amt>
        <NetInvestmentIncomeAmt>5063</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>LICENSES</CategoryTxt>
        <Amt>114</Amt>
        <NetInvestmentIncomeAmt>114</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX PAID</CategoryTxt>
        <Amt>358</Amt>
        <NetInvestmentIncomeAmt>358</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL INCOME TAX</CategoryTxt>
        <Amt>18700</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>