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        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FROM K-1 - NORTHGATE VI-B VC LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>2215</GrossSalesPriceAmt>
          <GainOrLossAmt>2215</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2215</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FROM K-1 - NORTHGATE VI-B VC LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <CostOrOtherBasisAmt>2028</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2028</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2028</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FROM K-1 - STRATEGIC PARTNERS FUND VII LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>1731</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1564</CostOrOtherBasisAmt>
          <GainOrLossAmt>167</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>167</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FROM K-1 - STRATEGIC PARTNERS FUND VII LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>32629</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>29479</CostOrOtherBasisAmt>
          <GainOrLossAmt>3150</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3150</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FROM K-1 - TOWNSEND BALANCED REAL ESTATE FUND LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
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          <GainOrLossAmt>-4984</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4984</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FROM K-1 - TOWNSEND BALANCED REAL ESTATE FUND LP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>21263</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1905</CostOrOtherBasisAmt>
          <GainOrLossAmt>19358</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>19358</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>135 SHS AURORA OFFSHORE FUND LTD II</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>144541</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>204872</CostOrOtherBasisAmt>
          <GainOrLossAmt>-60331</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-60331</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>15 SHS AVENUE INTERNATIONAL LTD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>131218</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>146919</CostOrOtherBasisAmt>
          <GainOrLossAmt>-15701</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-15701</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>2179729</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>2176615</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>46712256</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.046596</DistributionYr1Rt>
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        <DistributionYr2Rt>0.046971</DistributionYr2Rt>
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        <DistributionYr3Rt>0.035752</DistributionYr3Rt>
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        <DistributionYr4Rt>0.037146</DistributionYr4Rt>
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        <AverageDistributionRt>0.038827</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>54890673</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>2131240</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>29753</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>2160993</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>2455100</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>29753</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>29753</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>29753</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>106399</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>106399</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>76646</OverpaymentAmt>
        <AppliedToESTaxAmt>76646</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
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        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>1</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>1</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
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        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
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        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>FRANK RIMERMAN CO LLP</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>6508458100</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1801 PAGE MILL ROAD</AddressLine1Txt>
          <CityNm>PALO ALTO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94304</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
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      <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>1</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>0</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd referenceDocumentId="RetDoc2118100001">1</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KENNETH HITZ</PersonNm>
          <USAddress>
            <AddressLine1Txt>FRANK RIMERMAN CO 1801 PAGE MILL</AddressLine1Txt>
            <AddressLine2Txt>ROAD</AddressLine2Txt>
            <CityNm>PALO ALTO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94304</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>20.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>147135</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KEVIN MCAULIFFE</PersonNm>
          <USAddress>
            <AddressLine1Txt>FRANK RIMERMAN CO 1801 PAGE MILL</AddressLine1Txt>
            <AddressLine2Txt>ROAD</AddressLine2Txt>
            <CityNm>PALO ALTO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94304</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAVID HITZ</PersonNm>
          <USAddress>
            <AddressLine1Txt>FRANK RIMERMAN CO 1801 PAGE MILL</AddressLine1Txt>
            <AddressLine2Txt>ROAD</AddressLine2Txt>
            <CityNm>PALO ALTO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94304</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER/CHAIRMAN</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.25</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BROWNSON REHMUS &amp; FOXWORTH INC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>1550 EL CAMINO REAL 200</AddressLine1Txt>
            <CityNm>MENLO PARK</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94025</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT ADVISORY</ServiceTypeTxt>
          <CompensationAmt>89400</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>FRANK RIMERMAN CO LLP</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>1801 PAGE MILL ROAD</AddressLine1Txt>
            <CityNm>PALO ALTO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94304</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>ACCOUNTING</ServiceTypeTxt>
          <CompensationAmt>72000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>53629814</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>2096758</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>55726572</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>55726572</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>835899</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>54890673</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>2744534</MinimumInvestmentReturnAmt>
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      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>2744534</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>29753</TaxBasedOnInvestmentIncomeAmt>
        <IncomeTaxAmt>8229</IncomeTaxAmt>
        <TotalTaxAmt>37982</TotalTaxAmt>
        <DistributableBeforeAdjAmt>2706552</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>2706552</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>2706552</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>2455100</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
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        <PctSect4940eOrgNetInvstIncmAmt>29753</PctSect4940eOrgNetInvstIncmAmt>
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      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>2706552</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>1695474</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>2455100</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>1695474</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>759626</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
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      <SupplementaryInformationGrp>
        <ContributingManagerNm>DAVID HITZ</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GLOBAL DIGITAL HERITAGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>625 EMERSON ST</AddressLine1Txt>
            <CityNm>PALO ALTO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94301</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>HISTORY</GrantOrContributionPurposeTxt>
          <Amt>873000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INIAN ISLANDS INSTITUTE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 225</AddressLine1Txt>
            <CityNm>GUSTAVUS</CityNm>
            <StateAbbreviationCd>AK</StateAbbreviationCd>
            <ZIPCd>99826</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENT</GrantOrContributionPurposeTxt>
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        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MAASAI WILDERNESS CONSERVATION FUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 1413</AddressLine1Txt>
            <CityNm>SANTA BARBARA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93102</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ENVIRONMENT</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>OREGON SHAKESPEARE FESTIVAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>15 SOUTH PIONEER STREET</AddressLine1Txt>
            <CityNm>ASHLAND</CityNm>
            <StateAbbreviationCd>OR</StateAbbreviationCd>
            <ZIPCd>97520</ZIPCd>
          </RecipientUSAddress>
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          <GrantOrContributionPurposeTxt>ARTS</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PACUNAM</BusinessNameLine1Txt>
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            <AddressLine1Txt>7 AVENIDA 7-33 ZONA 9</AddressLine1Txt>
            <CityNm>GUATEMALA CITY</CityNm>
            <CountryCd>GT</CountryCd>
            <ForeignPostalCd>01009</ForeignPostalCd>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WAKA RESEARCH FOUNDATION</BusinessNameLine1Txt>
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            <AddressLine1Txt>201 NORTH MERAMEC AVENUE</AddressLine1Txt>
            <CityNm>ST LOUIS</CityNm>
            <StateAbbreviationCd>MO</StateAbbreviationCd>
            <ZIPCd>63105</ZIPCd>
          </RecipientUSAddress>
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          <GrantOrContributionPurposeTxt>RESEARCH</GrantOrContributionPurposeTxt>
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          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1144400</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>197380</RelatedOrExemptFunctionIncmAmt>
        </DivAndIntFromSecPartVIIGrp>
        <OtherInvestmentIncmPartVIIGrp>
          <UnrelatedBusinessTaxblIncmAmt>16597</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>60031</ExclusionAmt>
        </OtherInvestmentIncmPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <UnrelatedBusinessTaxblIncmAmt>39840</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>227776</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>59796</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>1475750</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>197520</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1733066</TotalIncomeProducingActyAmt>
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      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>3</LineNumberTxt>
          <RelationshipStatementTxt>INCOME REPORTED ON LINE 3E IS RELATED TO INTEREST ON MUNICIPAL BONDS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>INCOME REPORTED ON LINE 4E IS RELATED TO DIVIDENDS ON MUNICIPAL BONDS</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>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>DAVID HITZ</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>1801 PAGE MILL ROAD</AddressLine1Txt>
          <CityNm>PALO ALTO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94304</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>48129</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>DAVID HITZ</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>1801 PAGE MILL ROAD</AddressLine1Txt>
          <CityNm>PALO ALTO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94304</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>67446</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>3</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>DAVID HITZ</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>1801 PAGE MILL ROAD</AddressLine1Txt>
          <CityNm>PALO ALTO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94304</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>79243</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>4</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>DAVID HITZ</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>1801 PAGE MILL ROAD</AddressLine1Txt>
          <CityNm>PALO ALTO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94304</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>865000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>5</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>DAVID HITZ</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>1801 PAGE MILL ROAD</AddressLine1Txt>
          <CityNm>PALO ALTO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94304</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>77154</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>6</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>DAVID HITZ</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>1801 PAGE MILL ROAD</AddressLine1Txt>
          <CityNm>PALO ALTO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94304</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>300000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>TAX &amp; ACCOUNTING FEES</CategoryTxt>
        <Amt>92088</Amt>
        <NetInvestmentIncomeAmt>69066</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>23022</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <ExpenditureResponsibilityStmt documentId="RetDoc2118100001">
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>PACUNAM (FOUNDATION FOR CULTURAL AND NATURAL MAYA PATRIMONY)</BusinessNameLine1Txt>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1Txt>7 AVENIDA 7-33 ZONA 9 EDIF</AddressLine1Txt>
          <AddressLine2Txt>CORPORACION DE OCCIDE</AddressLine2Txt>
          <CityNm>NIVEL</CityNm>
          <CountryCd>GT</CountryCd>
        </ForeignAddress>
        <GrantDt>2017-04-28</GrantDt>
        <GrantAmt>100000</GrantAmt>
        <PurposeOfGrantTxt>TO DIRECTLY SUPPORT THE ACTIVITIES OF PACUNAM TO HELP SAVE AND CONSERVE GUATEMALA'S CULTURAL AND NATURAL HERITAGE FOR THE BENEFIT OF FUTURE GENERATIONS. THEIR MAIN FOCUS IS TO SAVE AND PRESERVE THE MAYA BIOSPHERE RESERVE.TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED TO ANY ACTIVITY OTHER THAN ACTIVITY FOR WHICH THE GRANT WAS ORIGINALLY MADE.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>100000</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>NONE</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>DECEMBER 2017</DatesOfReportsByGranteeTxt>
        <ResultsOfVerificationTxt>THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORT FROM THE GRANTEE; THEREFORE NO INDEPENDENT VERIFICATION OF THE REPORT WAS MADE.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
    </ExpenditureResponsibilityStmt>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN NORTHGATE VENTURE PARTNERS III</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>339484</BookValueAmt>
        <EOYFMVAmt>571636</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN NORTHGATE PRIVATE EQUITY PARTNERS III-B3</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>559974</BookValueAmt>
        <EOYFMVAmt>776110</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN LEGACY VENTURE V</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>608605</BookValueAmt>
        <EOYFMVAmt>605676</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN STRATEGIC REAL ESTATE FUND III</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>143181</BookValueAmt>
        <EOYFMVAmt>118215</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FIDELITY</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>34549502</BookValueAmt>
        <EOYFMVAmt>37968455</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN METROPOLITAN REAL ESTATE PARTNERS GLOBAL V, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>269282</BookValueAmt>
        <EOYFMVAmt>335704</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN AURORA OFFSHORE FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>20479</BookValueAmt>
        <EOYFMVAmt>13046</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN TOWNSEND REAL ESTATE ALPHA FUND I</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>338936</BookValueAmt>
        <EOYFMVAmt>454858</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN SKYBRIDGE MULTI-ADVISOR HEDGE FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1470000</BookValueAmt>
        <EOYFMVAmt>1687733</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN NORTHGATE V-B, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>883429</BookValueAmt>
        <EOYFMVAmt>1274576</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN ENERGY MATERIALS CORPORATION</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>225000</BookValueAmt>
        <EOYFMVAmt>225000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN NORTHGATE VI-B VC, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>626679</BookValueAmt>
        <EOYFMVAmt>892794</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN YORK MULTI-STRATEGY FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2060000</BookValueAmt>
        <EOYFMVAmt>2167387</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN AVENUE INTERNATIONAL LTD</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>93297</BookValueAmt>
        <EOYFMVAmt>90350</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN CLYDE FINANCE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>200000</BookValueAmt>
        <EOYFMVAmt>200000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN NORTHGATE VENTURE PARTNERS VII</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>168290</BookValueAmt>
        <EOYFMVAmt>195139</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN TOWNSEND REAL ESTATE ALPHA FUND II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1248773</BookValueAmt>
        <EOYFMVAmt>1430843</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN STRATEGIC PARTNERS FUND VII LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>340273</BookValueAmt>
        <EOYFMVAmt>430937</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN ENTRUST</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1190000</BookValueAmt>
        <EOYFMVAmt>1267673</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN MREP SCIF FLOWERS-SPV LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2264</BookValueAmt>
        <EOYFMVAmt>2054</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN METROPOLITAN REAL ESTATE PARTNERS GLOBAL VII, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>265528</BookValueAmt>
        <EOYFMVAmt>309079</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESTMENT IN TOWNSEND BALANCED REAL ESTATE FUND LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3492234</BookValueAmt>
        <EOYFMVAmt>3483126</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>OTHER DEDUCTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>3682</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3682</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>NON-DEDUCTIBLE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>209</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PORTFOLIO DEDUCTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>223624</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>223624</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CHARITABLE CONTRIBUTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>107</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>107</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>870</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>870</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PAYROLL PROCESSING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>1594</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>159</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1435</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>965C DEDUCTION</Desc>
        <RevenueAndExpensesPerBooksAmt>11546</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>LEGACY VENTURE V (QP), LLC</Desc>
        <RevenueAndExpensesPerBooksAmt>-734</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-734</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-734</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>FROM NORTHGATE VENTURE PARTNERS III (Q), L.P.</Desc>
        <RevenueAndExpensesPerBooksAmt>219</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>21</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>219</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>FROM NORTHGATE VENTURE PARTNERS VII LP</Desc>
        <RevenueAndExpensesPerBooksAmt>256</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>256</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>256</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>FROM NORTHGATE PRIVATE EQUITY PARTNERS III B-3, L.P.</Desc>
        <RevenueAndExpensesPerBooksAmt>1359</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3350</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1359</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>NORTHGATE V-B, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>10090</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>12323</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>10090</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>STRATEGIC REAL ESTATE FUND III, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>9802</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3449</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>9802</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>METROPOLITAN REAL ESTATE PARTNERS GLOBAL V, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-3046</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-2496</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-3046</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>TOWNSEND REAL ESTATE ALPHA FUND I, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>5856</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2056</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>5856</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>TOWNSEND REAL ESTATE ALPHA FUND II, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>27057</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>27057</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>27057</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>METROPOLITAN REAL ESTATE PARTNERS GLOBAL VII, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-4243</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-5653</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-4243</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>NORTHGATE VI-B VC, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-3</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-3</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-3</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>STRATEGIC PARTNERS FUND VII LP</Desc>
        <RevenueAndExpensesPerBooksAmt>1374</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3961</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1374</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>TOWNSEND BALANCED REAL ESTATE FUND LP</Desc>
        <RevenueAndExpensesPerBooksAmt>14102</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1902</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>14102</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>OTHER BOOK INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>-2452</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-2452</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>SECTION 965(A) INCOME INCLUSION</Desc>
        <RevenueAndExpensesPerBooksAmt>16994</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>16994</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>16994</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADVISORY FEES</CategoryTxt>
        <Amt>89400</Amt>
        <NetInvestmentIncomeAmt>89400</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
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    </OtherProfessionalFeesSchedule>
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