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      <InvestmentIncomePYPct>0.15000</InvestmentIncomePYPct>
      <ThirtyThrPctSuprtTestsCY509Ind>X</ThirtyThrPctSuprtTestsCY509Ind>
      <Form990ScheduleAPartVIGrp>
        <FormAndLineReferenceDesc>SUPPORTING SCHEDULE</FormAndLineReferenceDesc>
        <ExplanationTxt>UNEXPECTED BEQUEST 0</ExplanationTxt>
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    <IRS990ScheduleD documentId="RetDoc4">
      <EquipmentGrp>
        <DepreciationAmt>9248</DepreciationAmt>
        <BookValueAmt>-9248</BookValueAmt>
      </EquipmentGrp>
      <OtherLandBuildingsGrp>
        <OtherCostOrOtherBasisAmt>9248</OtherCostOrOtherBasisAmt>
        <BookValueAmt>9248</BookValueAmt>
      </OtherLandBuildingsGrp>
      <InvstProgramRelatedOrgGrp>
        <Desc>LOANS RECEIVABLE</Desc>
        <BookValueAmt>214482</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
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      <TotalBookValueProgramRltdAmt>214482</TotalBookValueProgramRltdAmt>
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          <BusinessNameLine1Txt>UNIVERSITY OF MICHIGAN</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>3003 SOUTH STATE STREET</AddressLine1Txt>
          <AddressLine2Txt>SUITE 9000</AddressLine2Txt>
          <CityNm>ANN ARBOR</CityNm>
          <StateAbbreviationCd>MI</StateAbbreviationCd>
          <ZIPCd>481091288</ZIPCd>
        </USAddress>
        <RecipientEIN>386006309</RecipientEIN>
        <IRCSectionDesc>(C)(3)</IRCSectionDesc>
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        <PurposeOfGrantTxt>ENDOWMENT</PurposeOfGrantTxt>
      </RecipientTable>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 1, PART I, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>VOLUNTEER BOARD MEMEBERS</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>RETURN REVIEWED BY PRESIDENT BEFORE FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>AVAILABLE UPON REQUEST</ExplanationTxt>
      </SupplementalInformationDetail>
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</Return>