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  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2020-12-15T10:08:22-08:00</ReturnTs>
    <TaxPeriodEndDt>2020-07-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>201939256</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>HAYASHI WAYLAND Accounting &amp; Consulting</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>26515 Carmel Rancho Blvd STE 100</AddressLine1Txt>
        <CityNm>Carmel</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>93923</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2019-08-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>770356496</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>BUSCH FAMILY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>BUSC</BusinessNameControlTxt>
      <PhoneNum>8319157289</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 221818</AddressLine1Txt>
        <CityNm>CARMEL</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>93922</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>RALPH B BUSCH III</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2020-12-15</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Robert Lee CPA</PreparerPersonNm>
      <PTIN>P01000223</PTIN>
      <PhoneNum>8316245333</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2019</TaxYr>
    <BuildTS>2021-04-22 16:20:28Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="19009920" softwareVersionNum="2019v5.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>1700934</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>10700</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>73817</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>73817</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>60525</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>337462</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>60525</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>145042</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>134342</TotalNetInvstIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">1855</AccountingFeesRevAndExpnssAmt>
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        <AccountingFeesChrtblPrpsAmt>1237</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">6000</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesDsbrsChrtblAmt>6000</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">414</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>414</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">13412</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>12877</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>535</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>21681</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>13909</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>7772</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>90200</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>90200</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>111881</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>13909</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>97972</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>33161</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>120433</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>11693</CashBOYAmt>
        <CashEOYAmt>3802</CashEOYAmt>
        <CashEOYFMVAmt>3802</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>47238</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>54169</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>54169</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>907008</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">873301</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1041603</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>523746</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">590050</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>601105</OtherInvestmentsEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="OtherAssetsSchedule">255</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSchedule">255</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="OtherAssetsSchedule">255</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>1489940</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>1521577</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1700934</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>1489940</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>1521577</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1489940</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>1521577</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1489940</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>1521577</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1489940</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>33161</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>1523101</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSchedule">1524</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>1521577</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICALLY TRADED SECURITIES - L/T</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2000-08-01</AcquiredDt>
          <SoldDt>2020-07-31</SoldDt>
          <GrossSalesPriceAmt>304468</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>241480</CostOrOtherBasisAmt>
          <GainOrLossAmt>62988</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>62988</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICALLY TRADED SECURITIES - S/T</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2019-08-01</AcquiredDt>
          <SoldDt>2020-07-31</SoldDt>
          <GrossSalesPriceAmt>32994</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>35457</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2463</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2463</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>60525</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-2463</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>26545</AdjustedQlfyDistriYr1Amt>
        <AdjustedQlfyDistriYr2Amt>35000</AdjustedQlfyDistriYr2Amt>
        <AdjustedQlfyDistriYr3Amt>35000</AdjustedQlfyDistriYr3Amt>
        <AdjustedQlfyDistriYr4Amt>150000</AdjustedQlfyDistriYr4Amt>
        <AdjustedQlfyDistriYr5Amt>163500</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsAmt>1774652</NetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>1204</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>1204</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>97972</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
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        <SubtotalAmt>1204</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>1204</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>2456</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>2456</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>1252</OverpaymentAmt>
        <AppliedToESTaxAmt>1252</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>CA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>MICHAEL GREEN &amp; ASSOCIATES</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>8319157289</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 221818</AddressLine1Txt>
          <CityNm>CARMEL</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>93922</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>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RALPH B BUSCH III</PersonNm>
          <USAddress>
            <AddressLine1Txt>93 CORRAL DE TIERRA TERRACE</AddressLine1Txt>
            <CityNm>SALINAS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>939089146</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>GREGORY J BUSCH</PersonNm>
          <USAddress>
            <AddressLine1Txt>93 CORRAL DE TIERRA TERRACE</AddressLine1Txt>
            <CityNm>SALINAS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>939089146</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>FRANK B BUSCH</PersonNm>
          <USAddress>
            <AddressLine1Txt>150 SAN BENANCIO RD</AddressLine1Txt>
            <CityNm>SALINAS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>939089146</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PETER S BUSCH</PersonNm>
          <USAddress>
            <AddressLine1Txt>93 CORRAL DE TIERRA TERRACE</AddressLine1Txt>
            <CityNm>SALINAS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>939089146</ZIPCd>
          </USAddress>
          <TitleTxt>CFO</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ELLYN D BUSCH ESSIG</PersonNm>
          <USAddress>
            <AddressLine1Txt>93 CORRAL DE TIERRA TERRACE</AddressLine1Txt>
            <CityNm>SALINAS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>939089146</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JEFFREY D BUSCH</PersonNm>
          <USAddress>
            <AddressLine1Txt>93 CORRAL DE TIERRA TERRACE</AddressLine1Txt>
            <CityNm>SALINAS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>939089146</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1725875</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>75802</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1801677</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1801677</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>27025</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1774652</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>88733</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>88733</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1204</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1204</TotalTaxAmt>
        <DistributableBeforeAdjAmt>87529</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>87529</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>87529</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>97972</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>97972</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>1204</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>96768</AdjustedQualifyingDistriAmt>
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      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>87529</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>79753</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>97972</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>79753</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>18219</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>69310</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>RALPH B BUSCH III</ContributingManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>RALPH B BUSCH III</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 221818</AddressLine1Txt>
            <CityNm>CARMEL</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93922</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>8319157289</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>LETTER</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NO DEADLINE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NO RESTRICTIONS OR LIMITATIONS ON AWARDS.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PALMA HIGH SCHOOL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>919 IVERSON</AddressLine1Txt>
            <CityNm>SALINAS</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93901</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To Further exempt purpose</GrantOrContributionPurposeTxt>
          <Amt>37300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LIVINGSTON MEMORIAL VNA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1996 EASTMAN AVENUE SUITE 101</AddressLine1Txt>
            <CityNm>VENTURA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93003</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To Further exempt purpose</GrantOrContributionPurposeTxt>
          <Amt>13300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ST MARK'S CATHOLIC CHURCH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>6550 PICASSO RD</AddressLine1Txt>
            <CityNm>ISLA VISTA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93177</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To Further exempt purpose</GrantOrContributionPurposeTxt>
          <Amt>6300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>YOUTH NOW</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>124 E LAKE AVE</AddressLine1Txt>
            <CityNm>WATSONVILLE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95076</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To Further exempt purpose</GrantOrContributionPurposeTxt>
          <Amt>13000</Amt>
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        <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>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
        <StockNm>500 MID-AMER APT CMNTYS INC COM</StockNm>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
        <StockNm>2500 ARES CAPITAL CORP</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>500 BB&amp;T CORP</StockNm>
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      <InvestmentsCorporateStockGrp>
        <StockNm>400 CROWN CASTLE INTL CORP</StockNm>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
        <StockNm>600 MERCK</StockNm>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsCorporateStockGrp>
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      <InvestmentsOtherGrp>
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    </OtherDecreasesSchedule>
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      <OtherExpensesScheduleGrp>
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</Return>