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        </ContributorBusinessName>
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          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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      <FootnoteTextInd>X</FootnoteTextInd>
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      <NetUnrealizedGainsInvstAmt>75867</NetUnrealizedGainsInvstAmt>
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        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN,AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.</ExplanationTxt>
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        <FormAndLineReferenceDesc>PART I, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>STUDENTS APPLY FOR ASSISTANCE THROUGH THE VERMONT STUDENT ASSISTANCE CORPORATION (VSAC). SCHOLARSHIPS ARE MAILED DIRECTLY TO THE COLLEGE ATTENDED AFTER ENROLLMENT HAS BEEN VERIFIED. GRANTS TO OTHER ORGANIZATIONS ARE MADE ONLY TO 501(C)(3) ORGANIZATIONS.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>VBR RESEARCH AND EDU FUND VERMONT BUSINESS ROUNDTABLE CHAIR DIRECTOR SERVES ON BOTH BOARDS VBR RESEARCH AND EDU FUND VERMONT BUSINESS ROUNDTABLE SECRETARY PRESIDENT SERVES ON BOTH BOARDS VBR RESEARCH AND EDU FUND VERMONT BUSINESS ROUNDTABLE TREASURER DIRECTOR SERVES ON BOTH BOARDS</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL THREE OFFICERS HAVE THE OPPORTUNITY TO REVIEW AND GIVE INPUT PRIOR TO FILING THE 990.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
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