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        <AdjustedQualifyingDistriAmt>159311</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>118087</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>1267015</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>1270757</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>832325</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>611048</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>243512</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>4224657</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>159311</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>118087</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>41224</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>4265881</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>1267015</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>2998866</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>1270757</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>832325</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>611048</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>243512</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>41224</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>Nora Vizi co HAESF</RecipientPersonNm>
          <RecipientForeignAddress>
            <AddressLine1Txt>Raday UTCA 42-44 V/509</AddressLine1Txt>
            <CityNm>Budapest</CityNm>
            <CountryCd>HU</CountryCd>
          </RecipientForeignAddress>
          <RecipientPhoneNum>3614825369</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>Applications are submitted electronically and must include: application form, resume, essay or project proposal, proof of english proficiency, university transcripts, copy of university diploma (if applicable), and two reference letters.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>Prof Intrn Prg &amp; Sr Leaders/Sch Fellows: 10/15, 4/15; Grad School: 4/15</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>Professional Internship Program: $30,000; Senior Leaders and Scholars Fellowship: $60,000; Entrepreneurship Development Program: $16,000. Awards do not provide for hardware or equipment purchases, gift or pleasure shopping, vacation/leisure travel in the U.S. Awards may exceed stated limitations if specific permission is granted.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Adam Berkecz</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>300 Fore Street</AddressLine1Txt>
            <CityNm>Portland</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04101</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Individual</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Fellowship</GrantOrContributionPurposeTxt>
          <Amt>4128</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Agnes Nemes</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>300 Fore Street</AddressLine1Txt>
            <CityNm>Portland</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04101</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Individual</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Fellowship</GrantOrContributionPurposeTxt>
          <Amt>845</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>David Imre</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>300 Fore Street</AddressLine1Txt>
            <CityNm>Portland</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04101</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Individual</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Fellowship</GrantOrContributionPurposeTxt>
          <Amt>17038</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Khai Doan Nang</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>300 Fore Street</AddressLine1Txt>
            <CityNm>Portland</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04101</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Individual</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Fellowship</GrantOrContributionPurposeTxt>
          <Amt>11609</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Peter Zsolt</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>300 Fore Street</AddressLine1Txt>
            <CityNm>Portland</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04101</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Individual</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Fellowship</GrantOrContributionPurposeTxt>
          <Amt>18060</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Richard Berta</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>300 Fore Street</AddressLine1Txt>
            <CityNm>Portland</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04101</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Individual</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Fellowship</GrantOrContributionPurposeTxt>
          <Amt>2843</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>54523</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientPersonNm>Eniko Kiss</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>300 Fore Street</AddressLine1Txt>
            <CityNm>Portland</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04101</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Individual</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Fellowship</GrantOrContributionPurposeTxt>
          <Amt>2250</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientPersonNm>Anna Toth</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>300 Fore Street</AddressLine1Txt>
            <CityNm>Portland</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04101</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Individual</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Fellowship</GrantOrContributionPurposeTxt>
          <Amt>1605</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>3855</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2336</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>2336</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>2336</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <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>7633</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7633</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Investments in Affiliates</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>430866</BookValueAmt>
        <EOYFMVAmt>2100001</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>Awards Receivable</Desc>
        <BOYBookValueAmt>1069</BOYBookValueAmt>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>Interest Receivable</Desc>
        <BOYBookValueAmt>1205</BOYBookValueAmt>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>Unrealized Loss on Investments</Desc>
        <Amt>1456</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>Prior Period Adjustment to reduce investment cost to actual</Desc>
        <Amt>167029</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>Cultural Events</Desc>
        <RevenueAndExpensesPerBooksAmt>11552</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>11552</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Insurance Expense</Desc>
        <RevenueAndExpensesPerBooksAmt>1290</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1290</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CIEE Management Service Fee</Desc>
        <RevenueAndExpensesPerBooksAmt>98500</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>98500</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Accrual to cash adjustment</Desc>
        <RevenueAndExpensesPerBooksAmt>0</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>-14187</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment Management Fees</CategoryTxt>
        <Amt>373</Amt>
        <NetInvestmentIncomeAmt>373</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <ReductionExplanationStatement documentId="RetDoc12000100057">
      <ShortExplanationTxt>Value of foreign investment comprised of non-marketable real estate held in Hungary.</ShortExplanationTxt>
    </ReductionExplanationStatement>
  </ReturnData>
</Return>