﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2018v3.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2019-05-14T08:37:36-05:00</ReturnTs>
    <TaxPeriodEndDt>2018-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>WITHUMSMITHBROWN PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1411 BROADWAY 9TH FLOOR</AddressLine1Txt>
        <CityNm>NEW YORK</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10018</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2018-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>646014272</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE CHISHOLM FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% THE FOUNDATION</InCareOfNm>
      <BusinessNameControlTxt>CHIS</BusinessNameControlTxt>
      <PhoneNum>6014263378</PhoneNum>
      <USAddress>
        <AddressLine1Txt>544 CENTRAL AVENUE</AddressLine1Txt>
        <CityNm>LAUREL</CityNm>
        <StateAbbreviationCd>MS</StateAbbreviationCd>
        <ZIPCd>39440</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JOHN LINDSEY</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>2127519100</PhoneNum>
      <SignatureDt>2019-05-15</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>MICHAEL STALLONE CPA</PreparerPersonNm>
      <PTIN>P00104108</PTIN>
      <PhoneNum>2127519100</PhoneNum>
      <PreparationDt>2019-05-15</PreparationDt>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>198.46.120.251</IPv4AddressTxt>
      </IPAddress>
      <FederalOriginalSubmissionId>22006220191345000015</FederalOriginalSubmissionId>
      <FederalOriginalSubmissionIdDt>2019-05-14</FederalOriginalSubmissionIdDt>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>C8549682D064AE8B15C1C23430EE3134DA6B9152</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>26AFAFBB5600322D6E89E54C209108A7D7F44349</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2018</TaxYr>
    <BuildTS>2019-02-21 02:37:17Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>46842672</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>1177500</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>31</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>31</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>367669</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>367669</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>5433154</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>11761261</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>5433154</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSch2">17416</OtherIncomeRevAndExpnssAmt>
        <TotalRevAndExpnssAmt>6995770</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>5800854</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSch">5300</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>0</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>5300</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OthProfFeesSch">593007</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>296504</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>296503</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">113214</TaxesRevAndExpnssAmt>
        <TravConfMeetingRevAndExpnssAmt>3662</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingDsbrsChrtblAmt>3662</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSch">142039</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>8108</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>133931</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>857222</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>304612</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>439396</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>3319350</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>3319350</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>4176572</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>304612</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>3758746</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>2819198</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>5496242</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>3581</CashBOYAmt>
        <CashEOYAmt>13733</CashEOYAmt>
        <CashEOYFMVAmt>13733</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>667100</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>1310071</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>1310071</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>26754005</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestCorpStockSch">28920080</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>45518868</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>27424686</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>30243884</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>46842672</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <CapitalStockBOYAmt>27424686</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>30243884</CapitalStockEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>27424686</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>30243884</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>27424686</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>30243884</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>27424686</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>2819198</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>30243884</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>30243884</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MS ST COVERED - SEE ATTACHED</PropertyDesc>
          <SoldDt>2018-12-31</SoldDt>
          <GrossSalesPriceAmt>523385</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>595226</CostOrOtherBasisAmt>
          <GainOrLossAmt>-71841</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-71841</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MS LT COVERED - SEE ATTACHED</PropertyDesc>
          <SoldDt>2018-12-31</SoldDt>
          <GrossSalesPriceAmt>10548806</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5593150</CostOrOtherBasisAmt>
          <GainOrLossAmt>4955656</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4955656</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MS LT NONCOVERED - SEE ATTACHED</PropertyDesc>
          <SoldDt>2018-12-31</SoldDt>
          <GrossSalesPriceAmt>689070</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>139731</CostOrOtherBasisAmt>
          <GainOrLossAmt>549339</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>549339</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>5433154</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>3058151</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>44130520</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.069298</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>2621758</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>36002473</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.072822</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>2965043</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>36475181</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.081289</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>2896640</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>34037861</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.085101</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>2441087</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>28609004</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.085326</DistributionYr5Rt>
        <TotalDistributionRt>0.393836</TotalDistributionRt>
        <AverageDistributionRt>0.078767</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>51744293</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>4075743</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>54962</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>4130705</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>3758746</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>109925</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>109925</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>109925</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>105000</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>105000</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <EsPenaltyAmt>446</EsPenaltyAmt>
        <TaxDueAmt>5371</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd referenceDocumentId="BinaryAttach BinaryAttachN1 BinaryAttachN2 BinaryAttachN3">false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd referenceDocumentId="BinaryAttach BinaryAttachN1 BinaryAttachN2 BinaryAttachN3">false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd referenceDocumentId="BinaryAttach BinaryAttachN1 BinaryAttachN2 BinaryAttachN3">false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>http://chisholmfoundation.org</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>THE FOUNDATION</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>6014263378</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>544 CENTRAL AVENUE</AddressLine1Txt>
          <CityNm>LAUREL</CityNm>
          <StateAbbreviationCd>MS</StateAbbreviationCd>
          <ZIPCd>39440</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SEE SCHEDULE ATTACHED</PersonNm>
          <USAddress>
            <AddressLine1Txt>544 CENTRAL AVENUE</AddressLine1Txt>
            <CityNm>LAUREL</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>39440</ZIPCd>
          </USAddress>
          <TitleTxt>SEE SCHEDULE ATTACHED</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>EDGEWOOD MANAGEMENT LLC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>350 PARK AVENUE 18TH FLOOR</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10022</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT ADVISOR</ServiceTypeTxt>
          <CompensationAmt>593007</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>NONE</Description1Txt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>NONE</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>51149721</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1382556</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>52532277</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>52532277</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>787984</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>51744293</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>2587215</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>2587215</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>109925</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>109925</TotalTaxAmt>
        <DistributableBeforeAdjAmt>2477290</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>2477290</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>2477290</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>3758746</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>3758746</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>3758746</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>2477290</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2016</PriorYear1Yr>
        <PriorYear2Yr>2015</PriorYear2Yr>
        <PriorYear3Yr>2014</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>43331</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>252246</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>193118</ExcessDistributionCyovYr3Amt>
        <TotalExcessDistributionCyovAmt>488695</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>3758746</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>1177500</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>2477290</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>103956</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>1770151</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>1177500</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovToNextYrAmt>592651</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>252246</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>193118</ExcessFromYear3Amt>
        <ExcessFromCurrentYearAmt>147287</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp />
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE SCHEDULE ATTACHED</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>554 CENTRAL AVENUE</AddressLine1Txt>
            <CityNm>LAUREL</CityNm>
            <StateAbbreviationCd>MS</StateAbbreviationCd>
            <ZIPCd>39440</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED</GrantOrContributionPurposeTxt>
          <Amt>3319350</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>3319350</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>31</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>367669</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>5433154</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>5800854</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>5800854</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>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>MARGARET A CHISHOLM CHARITABLE TRUS</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>544 CENTRAL AVENUE</AddressLine1Txt>
          <CityNm>LAUREL</CityNm>
          <StateAbbreviationCd>MS</StateAbbreviationCd>
          <ZIPCd>39440</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>1177500</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>TAX PREPARATION FEE</CategoryTxt>
        <Amt>5300</Amt>
        <DisbursementsCharitablePrpsAmt>5300</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <AllOthProgRltdInvestmentsSch documentId="AllOthProgInvSch">
      <AllOtherProgramRelatedInvstGrp>
        <Desc>NONE</Desc>
      </AllOtherProgramRelatedInvstGrp>
    </AllOthProgRltdInvestmentsSch>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE ATTACHED</StockNm>
        <EOYBookValueAmt>28920080</EOYBookValueAmt>
        <EOYFMVAmt>45518868</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>NYS FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>750</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ASSOCIATION DUES</Desc>
        <RevenueAndExpensesPerBooksAmt>2440</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2440</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE</Desc>
        <RevenueAndExpensesPerBooksAmt>2176</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2176</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>612</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>612</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>83</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>83</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SECRETARIAL EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>54822</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>54822</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>80</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>80</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>STORY PRIZE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>81076</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>8108</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>72968</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>GROSS INCOME FROM SPECIAL EVENTS</Desc>
        <RevenueAndExpensesPerBooksAmt>17416</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>EDGEWOOD: INVESTMENT MGMT FEE</CategoryTxt>
        <Amt>296504</Amt>
        <NetInvestmentIncomeAmt>296504</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>EDGEWOOD: CHARITABLE MGMT FEE</CategoryTxt>
        <Amt>296503</Amt>
        <DisbursementsCharitablePrpsAmt>296503</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FEDERAL 2018 TAX PAYMENTS</CategoryTxt>
        <Amt>105000</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAX 2017 BALANCE DUE</CategoryTxt>
        <Amt>8214</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>