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        <DistributableBeforeDedAmt>808499</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>808499</DistributableAsAdjustedAmt>
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      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>1012545</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>1012545</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>1012545</AdjustedQualifyingDistriAmt>
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        <DistributableAsAdjustedAmt>808499</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
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        <QualifyingDistributionsAmt>1012545</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>808499</AppliedToCurrentYearAmt>
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        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>2062238</TotalCorpusAmt>
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        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>160313</ExcessDistriCyovFromYr5Amt>
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      <SupplementaryInformationGrp>
        <ContributingManagerNm>KATHARINE B DEVLIN</ContributingManagerNm>
        <ContributingManagerNm>ROBERT M DEVLIN</ContributingManagerNm>
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          <RecipientPersonNm>DEVLIN FOUNDATION ATTN MICHAEL DEVL</RecipientPersonNm>
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          <FormAndInfoAndMaterialsTxt>LETTER WITH FINANCIAL STATEMENTS</FormAndInfoAndMaterialsTxt>
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          <RestrictionsOnAwardsTxt>N/A</RestrictionsOnAwardsTxt>
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        <GrantOrContributionPdDurYrGrp>
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            <BusinessNameLine1Txt>AGOC EXPANSION</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>3511 YOAKUM BOULEVARD</AddressLine1Txt>
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            <StateAbbreviationCd>TX</StateAbbreviationCd>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>AMERICAN ASSOCIATES OF THE NATIONAL THEATRE</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>247 W 30TH ST 8F</AddressLine1Txt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>AMERICAN PRAIRIE RESERVE</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>44704 REGINA RD</AddressLine1Txt>
            <CityNm>MALTA</CityNm>
            <StateAbbreviationCd>MT</StateAbbreviationCd>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BOSTON COLLEGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>BOSTON HOUSE 140 COMMONWEALTH</AddressLine1Txt>
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            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02467</ZIPCd>
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        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CENTRAL PARK CONSERVANCY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>14 E 60TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CITY OF HOPE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1500 EAST DUARTE ROAD</AddressLine1Txt>
            <CityNm>DUARTE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
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          <GrantOrContributionPurposeTxt>GENERAL PURPOSE</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FRANCES POPE MEMORIAL FOUNDATION</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>401 E 81ST ST</AddressLine1Txt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOSPITAL FOR SPECIAL SURGERY</BusinessNameLine1Txt>
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          <RecipientUSAddress>
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            <StateAbbreviationCd>NY</StateAbbreviationCd>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>IRISH ARTS CENTER</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>553 WEST 51ST STREET</AddressLine1Txt>
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          <GrantOrContributionPurposeTxt>GENERAL PURPOSE</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>JOE TORRE SAFE AT HOME FOUNDATION</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 3133GRAND CENTRAL STATION</AddressLine1Txt>
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            <StateAbbreviationCd>NY</StateAbbreviationCd>
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          <GrantOrContributionPurposeTxt>GENERAL PURPOSE</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>METROPOLITAN MUSEUM OF ART</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>1000 5TH AVENUE</AddressLine1Txt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MLB-MLDPA YOUTH DEVELOPMENT FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>12 EAST 49TH STREET 24TH FLOOR</AddressLine1Txt>
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            <StateAbbreviationCd>NY</StateAbbreviationCd>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MOMA</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>11 WEST 53 STREET</AddressLine1Txt>
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            <StateAbbreviationCd>NY</StateAbbreviationCd>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NYFF BCF</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>1200 G ST NW 800</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>REDEEM</BusinessNameLine1Txt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SARATOGA ARTS</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>320 BROADWAY</AddressLine1Txt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SOLOMON R GUGGENHEIM FOUNDATION</BusinessNameLine1Txt>
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          <RecipientUSAddress>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>STATE UNIVERSITY OF IOWA FOUNDATION</BusinessNameLine1Txt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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            <ForeignPostalCd>A82 N225</ForeignPostalCd>
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          <GrantOrContributionPurposeTxt>GENERAL PURPOSE</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE NEW YORK PUBLIC LIBRARY</BusinessNameLine1Txt>
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          <RecipientUSAddress>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THIRTEENWNET</BusinessNameLine1Txt>
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        <GrantOrContributionPdDurYrGrp>
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        <GrantOrContributionPdDurYrGrp>
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      <AnalysisIncomeProducingActyGrp>
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        <DivAndIntFromSecPartVIIGrp>
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        <GainSalesAstOthThanInvntryGrp>
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        <TotalIncomeProducingActyAmt>675157</TotalIncomeProducingActyAmt>
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      <TrnsfrTransRlnNonchrtblEOGrp>
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        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
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    </IRS990PF>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
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        <StockNm>INVESTMENT - MARKETABLE SECURITIES</StockNm>
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        <EOYFMVAmt>5985240</EOYFMVAmt>
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      <LegalFeesGrp>
        <CategoryTxt>PROFESSIONAL FEES</CategoryTxt>
        <LegalFeesAmt>9616</LegalFeesAmt>
        <NetInvestmentIncomeAmt>9616</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>INVESTMENT - MAKENA CAYMAN ISLAND BLOCKER FUND</Desc>
        <BOYBookValueAmt>350104</BOYBookValueAmt>
        <EOYBookValueAmt>350104</EOYBookValueAmt>
        <EOYFMVAmt>2200651</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>INVESTMENT - MAKENA CAPITAL SPLITTER X LP</Desc>
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        <EOYBookValueAmt>4767810</EOYBookValueAmt>
        <EOYFMVAmt>4767810</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>INVESTMENT - REAL ESTATE FUNDS</Desc>
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        <EOYBookValueAmt>541649</EOYBookValueAmt>
        <EOYFMVAmt>615462</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>INVESTMENT - COMMODITIES</Desc>
        <BOYBookValueAmt>750153</BOYBookValueAmt>
        <EOYBookValueAmt>637124</EOYBookValueAmt>
        <EOYFMVAmt>602601</EOYFMVAmt>
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    </OtherAssetsSchedule>
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      <OtherDecreasesDetail>
        <Desc>ADJUSTMENT TO PROPERLY REFLECT FUND BALANCES</Desc>
        <Amt>14342</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>405</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>405</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>NET INCOME AFTER DEDUCTIONS - MAKENA CAPITAL SPLITTER X, L.P.</Desc>
        <RevenueAndExpensesPerBooksAmt>164038</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>164038</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>164038</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>STATE OVERPAYMENT FROM 2017</Desc>
        <RevenueAndExpensesPerBooksAmt>2058</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2058</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2058</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>SALE OF FORETHOUGHT</Desc>
        <RevenueAndExpensesPerBooksAmt>8598</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>8598</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>8598</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>K-1-MAKENA CAPITAL SPLITTER X, L.P.- BOOK ONLY ADJUSTMENTS PER K-1</Desc>
        <Amt>400074</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilitiesDetail>
        <Desc>DUE - CCPM LLC</Desc>
        <BOYBookValueAmt>13357</BOYBookValueAmt>
        <EOYBookValueAmt>13357</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>DUE - ERIN DEVLIN</Desc>
        <BOYBookValueAmt>177</BOYBookValueAmt>
        <EOYBookValueAmt>177</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>DUE - LEVINE &amp; SELTZER LLP</Desc>
        <BOYBookValueAmt>366</BOYBookValueAmt>
        <EOYBookValueAmt>366</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>NORTHERN TRUST</CategoryTxt>
        <Amt>85770</Amt>
        <NetInvestmentIncomeAmt>85770</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES WITHHELD</CategoryTxt>
        <Amt>11606</Amt>
        <NetInvestmentIncomeAmt>11606</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
        <Amt>5737</Amt>
        <NetInvestmentIncomeAmt>5737</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAXES</CategoryTxt>
        <Amt>24000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>STATE TAXES</CategoryTxt>
        <Amt>1300</Amt>
        <NetInvestmentIncomeAmt>1300</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>