﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2018v3.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2019-11-18T07:47:45-06:00</ReturnTs>
    <TaxPeriodEndDt>2019-01-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>741907314</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>WERLEIN &amp; HARRIS PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>3355 W ALABAMA SUITE 900</AddressLine1Txt>
        <CityNm>HOUSTON</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>77098</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2018-02-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>760439576</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE CARRUTH FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>CARR</BusinessNameControlTxt>
      <PhoneNum>7135263012</PhoneNum>
      <USAddress>
        <AddressLine1Txt>2727 ALLEN PARKWAY SUITE 1570</AddressLine1Txt>
        <CityNm>HOUSTON</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>77019</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>BRADY F CARRUTH</PersonNm>
      <PersonTitleTxt>OFFICER</PersonTitleTxt>
      <PhoneNum>7135263012</PhoneNum>
      <SignatureDt>2019-11-18</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>VICTOR E HARRIS</PreparerPersonNm>
      <PTIN>P00025194</PTIN>
      <PhoneNum>7139615544</PhoneNum>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>74.213.61.106</IPv4AddressTxt>
      </IPAddress>
      <IPDt>2019-11-18</IPDt>
      <IPTm>07:47:27</IPTm>
      <IPTimezoneCd>CS</IPTimezoneCd>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>DA39A3EE5E6B4B0D3255BFEF95601890AFD80709</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>805F2F3940AAB30900D0F3313773F2D0B347F115</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2018</TaxYr>
    <BuildTS>2020-03-31 21:24:44Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="7">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>12679962</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>364873</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>364873</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>495552</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>5565881</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>495552</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc2001500001">20956</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>20956</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>881381</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>881381</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">1193</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1193</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>0</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">80070</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>80070</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>0</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">14938</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>14938</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">6823</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>6823</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>0</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>103024</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>103024</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>650008</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>650008</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>753032</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>103024</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>650008</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>128349</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>778357</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashEOYAmt>1</CashEOYAmt>
        <CashEOYFMVAmt>1</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>374147</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>746114</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>746114</SavAndTempCashInvstEOYFMVAmt>
        <PrepaidExpensesBOYAmt>31560</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>46560</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>46560</PrepaidExpensesEOYFMVAmt>
        <CorporateStockBOYAmt>11568953</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">11310334</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>11887287</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>11974660</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>12103009</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>12679962</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>11974660</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>12103009</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>11974660</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>12103009</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>11974660</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>12103009</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>11974660</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>128349</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>12103009</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>12103009</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECURITIES SALES - FIDELITY A</PropertyDesc>
          <SoldDt>2019-01-31</SoldDt>
          <GrossSalesPriceAmt>1778862</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1537407</CostOrOtherBasisAmt>
          <GainOrLossAmt>241455</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>241455</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECURITIES SALES - FIDELITY B</PropertyDesc>
          <SoldDt>2019-01-31</SoldDt>
          <GrossSalesPriceAmt>778311</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>797628</CostOrOtherBasisAmt>
          <GainOrLossAmt>-19317</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-19317</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECURITIES SALES - FIDELITY C</PropertyDesc>
          <SoldDt>2019-01-31</SoldDt>
          <GrossSalesPriceAmt>759582</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>739877</CostOrOtherBasisAmt>
          <GainOrLossAmt>19705</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>19705</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECURITIES SALES - SCHWAB</PropertyDesc>
          <SoldDt>2019-01-31</SoldDt>
          <GrossSalesPriceAmt>2225532</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1995246</CostOrOtherBasisAmt>
          <GainOrLossAmt>230286</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>230286</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>AVALON GLOBAL REAL ASSETS FUND, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2018-01-31</SoldDt>
          <GrossSalesPriceAmt>117</GrossSalesPriceAmt>
          <GainOrLossAmt>117</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>117</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>AVALON GLOBAL REAL ASSETS FUND, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2018-01-31</SoldDt>
          <GrossSalesPriceAmt>10083</GrossSalesPriceAmt>
          <GainOrLossAmt>10083</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>10083</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECTION 1231 - AVALON GLOBAL REAL ASSETS FUND, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2018-01-31</SoldDt>
          <GrossSalesPriceAmt>7196</GrossSalesPriceAmt>
          <GainOrLossAmt>7196</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7196</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BLACKGOLD OPPORTUNITY FUND, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2018-01-31</SoldDt>
          <GrossSalesPriceAmt>990</GrossSalesPriceAmt>
          <GainOrLossAmt>990</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>990</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SECTION 1231 - BLACKGOLD OPPORTUNITY FUND, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2018-01-31</SoldDt>
          <CostOrOtherBasisAmt>169</CostOrOtherBasisAmt>
          <GainOrLossAmt>-169</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-169</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BLACKGOLD OPPORTUNITY FUND, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2018-01-31</SoldDt>
          <GrossSalesPriceAmt>3949</GrossSalesPriceAmt>
          <GainOrLossAmt>3949</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3949</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FOREIGN GAIN - BLACKGOLD OPPORTUNITY FUND, LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2018-01-31</SoldDt>
          <GrossSalesPriceAmt>1259</GrossSalesPriceAmt>
          <GainOrLossAmt>1259</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1259</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>INVOLUNTARY CONVERSION - AVALON GLOBAL REAL ASSET FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2018-01-31</SoldDt>
          <CostOrOtherBasisAmt>2</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>495552</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>585025</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>8927949</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.065527</DistributionYr1Rt>
        <AdjustedQlfyDistriYr4Amt>666222</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>13608089</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.048958</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>645146</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>13038519</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.049480</DistributionYr5Rt>
        <TotalDistributionRt>0.163965</TotalDistributionRt>
        <AverageDistributionRt>0.054655</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>8910351</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>486995</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>7784</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>494779</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>650008</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>7784</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>7784</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>7784</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>15000</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>15000</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>7216</OverpaymentAmt>
        <AppliedToESTaxAmt>0</AppliedToESTaxAmt>
        <RefundAmt>7216</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>0</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>TX</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>WILLIAM CLARKE CPA</IndividualWithBooksNm>
        <PhoneNum>7135263012</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>2727 ALLEN PARKWAY SUITE 1570</AddressLine1Txt>
          <CityNm>HOUSTON</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77019</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BRADY F CARRUTH</PersonNm>
          <USAddress>
            <AddressLine1Txt>2727 ALLEN PARKWAY SUITE 1570</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>770192125</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ALAN SCHUBERT</PersonNm>
          <USAddress>
            <AddressLine1Txt>2727 ALLEN PARKWAY SUITE 1570</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>770192125</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>GENTRY LEE</PersonNm>
          <USAddress>
            <AddressLine1Txt>2727 ALLEN PARKWAY SUITE 1570</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>770192125</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>8655953</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>390089</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>9046042</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>9046042</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>135691</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>8910351</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>445518</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>445518</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>7784</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>7784</TotalTaxAmt>
        <DistributableBeforeAdjAmt>437734</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>437734</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>437734</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>650008</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>650008</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>7784</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>642224</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>437734</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>12928</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>9374</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr2Amt>620000</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>158594</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>800896</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>650008</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>437734</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>212274</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>1013170</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>12928</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>1000242</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>9374</ExcessFromYear4Amt>
        <ExcessFromYear2Amt>620000</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>158594</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>212274</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CAMP FOR ALL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>10500 NW FWY</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77092</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOUSTON GRAND OPERA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>510 PRESTON ST</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77002</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>125000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOUSTON MUSEUM OF NATURAL SCIENCE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ONE HERMANN DRIVE CIRCLE</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77030</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HOUSTON SPCA</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>900 PORTWAY DRIVE</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77024</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>110000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SLIPPERY ROCK UNIVERSITY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>SLIPPERY ROCK UNIVERSITY</AddressLine1Txt>
            <CityNm>SLIPPERY ROCK</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>16057</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE PARISH CHILDREN'S SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>11001 HAMMERLY</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77043</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>160000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NORTHLAND CHRISTIAN SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2700 FM 1960</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77068</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE PRESBYTERIAN SCHOOL OF HOUSTON</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5300 MAIN STREET</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77004</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WILL ERWIN HEADACHE RESEARCH CENTER</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>6400 FANNIN SUITE 2010</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77030</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FROM PASSTHROUGH - AVALON GLOBAL REAL ASSET FUND LP</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2929 ALLEN PARKWAY SUITE 3000</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77019</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>7</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FROM PASSTHROUGH - BLACKGOLD OPPORTUNITY FUND LP</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>109 NORTH POST OAK LANE SUITE 500</AddressLine1Txt>
            <CityNm>HOUSTON</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>77024</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>1</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>650008</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>364873</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <OtherInvestmentIncmPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>20956</ExclusionAmt>
        </OtherInvestmentIncmPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>495552</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>881381</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>881381</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>3</LineNumberTxt>
          <RelationshipStatementTxt>INVESTMENT IN PASSIVE K-1 ACTIVITY</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>INVESTMENT IN PASSIVE K-1 ACTIVITY</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>5</LineNumberTxt>
          <RelationshipStatementTxt>INVESTMENT IN PASSIVE K-1 ACTIVITY</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>INVESTMENT IN PASSIVE K-1 ACTIVITY</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>1193</Amt>
        <NetInvestmentIncomeAmt>1193</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>AMEGY INVESTMENTS - FUND A</StockNm>
        <EOYBookValueAmt>2618458</EOYBookValueAmt>
        <EOYFMVAmt>2503293</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMEGY INVESTMENTS - FUND B</StockNm>
        <EOYBookValueAmt>1929153</EOYBookValueAmt>
        <EOYFMVAmt>2005262</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIDELITY INVESTMENTS - FUND C</StockNm>
        <EOYBookValueAmt>1625945</EOYBookValueAmt>
        <EOYFMVAmt>1685688</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCHWAB INVESTMENTS</StockNm>
        <EOYBookValueAmt>5136778</EOYBookValueAmt>
        <EOYFMVAmt>5693044</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>3344</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3344</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>AVALON GLOBAL REAL ASSETS FUND, LP - PORTFOLIO DEDUCTION</Desc>
        <RevenueAndExpensesPerBooksAmt>134</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>134</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>AVALON GLOBAL REAL ASSETS FUND, LP - OTHER DEDUCTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>10029</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>10029</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BLACKGOLD OPPORTUNITY FUND, LP - OTHER EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>-6684</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-6684</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>CANCELLATION OF DEBT - AVALON GLOBAL</Desc>
        <RevenueAndExpensesPerBooksAmt>45</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>45</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>45</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ORDINARY INCOME - AVALON GLOBAL REAL ASSETS FUND, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-5514</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-5514</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-5514</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ORDINARY INCOME - BLACKGOLD OPPORTUNITY FUND, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-2939</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-2939</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-2939</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>RENTAL INCOME - AVALON GLOBAL REAL ASSET FUND, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-1618</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-1618</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-1618</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>DIVIDEND INCOME - AVALON GLOBAL REAL ASSET FUND, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>6085</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6085</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>6085</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>DIVIDEND INCOME - BLACKGOLD OPPORTUNITY FUND, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>379</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>379</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>379</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>INTEREST INCOME - PASSIVE K-1 ACTIVITY</Desc>
        <RevenueAndExpensesPerBooksAmt>18942</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>18942</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>18942</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER INCOME - PASSIVE K-1 ACTIVITY</Desc>
        <RevenueAndExpensesPerBooksAmt>5576</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5576</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>5576</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PROFESSIONAL FEES</CategoryTxt>
        <Amt>80070</Amt>
        <NetInvestmentIncomeAmt>80070</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN DIVIDEND TAX</CategoryTxt>
        <Amt>14938</Amt>
        <NetInvestmentIncomeAmt>14938</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>