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        <DistributableBeforeAdjAmt>5193167</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>5193167</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>5193167</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>21600</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>21600</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>21600</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>5193167</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2015</PriorYear1Yr>
        <PriorYear2Yr>2014</PriorYear2Yr>
        <PriorYear3Yr>2013</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>751799</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>1186904</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr1Amt>14131244</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>16069947</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>21600</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>21600</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>5171567</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>5171567</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>10898380</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>10898380</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear1Amt>10898380</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp />
      <SupplementaryInformationGrp>
        <ContributingManagerNm>MORRIS W KELLOGG RICHARD I KELLO</ContributingManagerNm>
        <ContributingManagerNm>PETER R KELLOGG</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>RUTGERS UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>57 US HIGHWAY 1</AddressLine1Txt>
            <CityNm>NEW BRUNSWICK</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08901</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>THE PURPOSE OF THE CONTRIBUTIONS ARE TO AID THE DONEE ORGANIZATIONS IN CARRYING OUT THEIR EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>10800</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CENTENARY COLLEGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>300 LITTLETON ROAD</AddressLine1Txt>
            <CityNm>PARSIPPANY</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07054</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>3600</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SETON HALL UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>400 SOUTH ORANGE AVENUE</AddressLine1Txt>
            <CityNm>SOUTH ORANGE</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07079</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTION.</GrantOrContributionPurposeTxt>
          <Amt>3600</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KEAN UNIVERSITY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1000 MORRIS AVENUE</AddressLine1Txt>
            <CityNm>UNION</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07083</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO AID THE DONEE ORGANIZATION IN CARRYING OUT ITS EXEMPT FUNCTION</GrantOrContributionPurposeTxt>
          <Amt>3600</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>21600</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2287759</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-140960</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>OIL REVENUE</Desc>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>578123</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>2724922</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>2724922</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <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>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <ContractorCompensationExpln documentId="ContractCompenExpln">
      <ContractorCompExplnGrp>
        <ContractorPersonNm>CHARLES SCHWAB</ContractorPersonNm>
        <ExplanationTxt>INVESTMENT ADVISOR</ExplanationTxt>
      </ContractorCompExplnGrp>
      <ContractorCompExplnGrp>
        <ContractorPersonNm>MERRION SECURITIES LLC</ContractorPersonNm>
        <ExplanationTxt>INVESTMENT ADVISORY SERVICES</ExplanationTxt>
      </ContractorCompExplnGrp>
    </ContractorCompensationExpln>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorporateBondsGrp>
        <BondNm>MUNICIPAL BONDS - MERRION-1038</BondNm>
        <EOYBookValueAmt>398234</EOYBookValueAmt>
        <EOYFMVAmt>502632</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MUNICIPAL BONDS- CHARLES SCHWA</BondNm>
        <EOYBookValueAmt>547369</EOYBookValueAmt>
        <EOYFMVAmt>546441</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>THRU MERRION SECURITIES-1038</StockNm>
        <EOYBookValueAmt>16397360</EOYBookValueAmt>
        <EOYFMVAmt>23933767</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>THRU MERRION SECURITIES-1153</StockNm>
        <EOYBookValueAmt>1093556</EOYBookValueAmt>
        <EOYFMVAmt>870672</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>THRU MERRION SECURITIES-1008</StockNm>
        <EOYBookValueAmt>21315908</EOYBookValueAmt>
        <EOYFMVAmt>38437104</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>THRU CHARLES SCHWAB</StockNm>
        <EOYBookValueAmt>11458616</EOYBookValueAmt>
        <EOYFMVAmt>21775886</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>THRU VANGUARD</StockNm>
        <EOYBookValueAmt>20757821</EOYBookValueAmt>
        <EOYFMVAmt>24833599</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <USGovtObligationsBookVlEOYAmt>373201</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>376570</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>KEEFE BRUYETTE &amp; WOODS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>0</BookValueAmt>
        <EOYFMVAmt>1500</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>COMPASS ROYALTY MGMT LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>3024958</BookValueAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>NIBMO PARTNERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>991870</BookValueAmt>
        <EOYFMVAmt>991870</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>POSSE ENERGY LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>6935</BookValueAmt>
        <EOYFMVAmt>6935</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>LANCO II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>5340</BookValueAmt>
        <EOYFMVAmt>5340</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BLACKSTONE GROUP L.P.</CategoryOrItemTxt>
        <BookValueAmt>27163</BookValueAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssetsScheduleGrp>
        <Desc>DUE FROM COMPASS ROYALTY MGMT</Desc>
        <BOYBookValueAmt>63409</BOYBookValueAmt>
        <EOYBookValueAmt>202832</EOYBookValueAmt>
        <EOYFMVAmt>202832</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>FOUNDATION DUES</Desc>
        <RevenueAndExpensesPerBooksAmt>5000</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5000</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>136</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>136</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>25</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ADR FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>3818</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3818</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>COMPASS ROYALTIES MGMT LLC</Desc>
        <RevenueAndExpensesPerBooksAmt>594055</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>594055</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>LANCO II EIN 31-1752567</Desc>
        <RevenueAndExpensesPerBooksAmt>-1285</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-1285</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>NIMBO PARTNERS EIN 98-0470112</Desc>
        <RevenueAndExpensesPerBooksAmt>-5726</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-5726</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>POSSE ENERGY LTD EIN 76-0328792</Desc>
        <RevenueAndExpensesPerBooksAmt>2926</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2926</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>BLACKSTONE GROUP EIN 20-8875684</Desc>
        <RevenueAndExpensesPerBooksAmt>7540</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7540</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>ENTERPRISE PRODUCTS PARTNERS LP 76-05868</Desc>
        <RevenueAndExpensesPerBooksAmt>-21118</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-21118</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>APOLLO GLOBAL EIN 20-8880053</Desc>
        <RevenueAndExpensesPerBooksAmt>1605</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1605</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>APACHE CORPORATION</Desc>
        <RevenueAndExpensesPerBooksAmt>126</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>126</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="OtherLiabSch">
      <OtherLiabilitiesDetail>
        <Desc>SECURITIES SOLD NOT YET PURCHA</Desc>
        <BOYBookValueAmt>102092</BOYBookValueAmt>
        <EOYBookValueAmt>310053</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISORY FEES-</CategoryTxt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MERRION</CategoryTxt>
        <Amt>167565</Amt>
        <NetInvestmentIncomeAmt>167565</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISORY FEES -</CategoryTxt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>BECK</CategoryTxt>
        <Amt>107443</Amt>
        <NetInvestmentIncomeAmt>107443</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>37000</Amt>
        <NetInvestmentIncomeAmt>37000</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX</CategoryTxt>
        <Amt>30026</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>OTHER TAXES</CategoryTxt>
        <Amt>83</Amt>
        <NetInvestmentIncomeAmt>83</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>