﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2017v2.2">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2018-05-15T21:44:11-05:00</ReturnTs>
    <TaxPeriodEndDt>2017-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>JANE A FLIELLER CPA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>3129 HONEY TREE LN</AddressLine1Txt>
        <CityNm>AUSTIN</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>78746</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2017-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>742387801</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE PINE FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>PINE</BusinessNameControlTxt>
      <PhoneNum>5123281184</PhoneNum>
      <USAddress>
        <AddressLine1Txt>3939 BEE CAVE ROAD NO C-100</AddressLine1Txt>
        <CityNm>AUSTIN</CityNm>
        <StateAbbreviationCd>TX</StateAbbreviationCd>
        <ZIPCd>78746</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>BRIGID ANNE COCKRUM</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>5123281184</PhoneNum>
      <SignatureDt>2018-05-12</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>JANE A FLIELLER</PreparerPersonNm>
      <PTIN>P01457483</PTIN>
      <PhoneNum>5123271687</PhoneNum>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2017</TaxYr>
    <BuildTS>2022-09-23 18:48:47Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>7338191</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>1</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>1</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>143911</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>143911</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>47355</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>358053</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>47355</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>191267</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>191267</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">2400</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>0</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>2400</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">14033</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>14033</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>0</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">3357</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>828</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>19790</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>14861</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>2400</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>408000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>408000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>427790</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>14861</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>410400</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-236523</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>176406</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>173094</CashBOYAmt>
        <CashEOYAmt>90279</CashEOYAmt>
        <CashEOYFMVAmt>90279</CashEOYFMVAmt>
        <AcctRcvblAmt>81</AcctRcvblAmt>
        <AcctRcvblBOYAmt>70</AcctRcvblBOYAmt>
        <AcctRcvblEOYAmt>81</AcctRcvblEOYAmt>
        <AcctRcvblEOYFMVAmt>81</AcctRcvblEOYFMVAmt>
        <PrepaidExpensesBOYAmt>24000</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>21471</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>21471</PrepaidExpensesEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>1317773</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="RetDoc2210400001">1215601</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>1193743</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>3319924</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">3270906</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>6032617</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>4834861</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>4598338</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>7338191</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <CapitalStockBOYAmt>0</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>0</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>4834861</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>4598338</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>4834861</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>4598338</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>4834861</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>4598338</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>4834861</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-236523</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>4598338</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>4598338</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>880 GRAINGER WW</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2016-01-26</AcquiredDt>
          <SoldDt>2017-06-29</SoldDt>
          <GrossSalesPriceAmt>157705</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>146514</CostOrOtherBasisAmt>
          <GainOrLossAmt>11191</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>11191</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>890 NORDSON CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-11-12</AcquiredDt>
          <SoldDt>2017-09-14</SoldDt>
          <GrossSalesPriceAmt>100425</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>62012</CostOrOtherBasisAmt>
          <GainOrLossAmt>38413</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>38413</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>100000 US TREAS NT</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-09-24</AcquiredDt>
          <SoldDt>2017-12-19</SoldDt>
          <GrossSalesPriceAmt>99922</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>102172</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2250</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2250</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BLACKROCK LIQUIDITY T-FUND LT CAP GN</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-09-24</AcquiredDt>
          <SoldDt>2017-12-14</SoldDt>
          <GrossSalesPriceAmt>1</GrossSalesPriceAmt>
          <GainOrLossAmt>1</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>47355</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>384750</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>6467358</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.059491</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>315322</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>6303909</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.050020</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>502400</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>4357554</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.115294</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>199047</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>4253471</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.046796</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>639271</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>908595</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.703582</DistributionYr5Rt>
        <TotalDistributionRt>0.975183</TotalDistributionRt>
        <AverageDistributionRt>0.195037</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>6893099</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>1344409</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>1764</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>1346173</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>410400</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>3528</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>3528</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>3528</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>21471</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>21471</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>17943</OverpaymentAmt>
        <AppliedToESTaxAmt>17943</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>0</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>TX</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>JANE A FLIELLER CPA</IndividualWithBooksNm>
        <PhoneNum>5123271687</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>3129 HONEY TREE LANE</AddressLine1Txt>
          <CityNm>AUSTIN</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>78746</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <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>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BRIGID ANNE COCKRUM</PersonNm>
          <USAddress>
            <AddressLine1Txt>3939 BEE CAVE ROAD C-100</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78746</ZIPCd>
          </USAddress>
          <TitleTxt>PRES/TREAS/DIR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>WENDY ALBRECHT</PersonNm>
          <USAddress>
            <AddressLine1Txt>3939 BEE CAVE ROAD C-100</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78746</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRES/SEC/DIR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOE W BRATCHER III</PersonNm>
          <USAddress>
            <AddressLine1Txt>3939 BEE CAVE ROAD C-100</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78746</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>6872637</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>103881</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>21552</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>6998070</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>6998070</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>104971</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>6893099</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>344655</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>344655</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>3528</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>3528</TotalTaxAmt>
        <DistributableBeforeAdjAmt>341127</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>341127</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>341127</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>410400</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>410400</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>410400</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>341127</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>655475</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr3Amt>285990</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>48050</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>63911</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>1053426</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>410400</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>341127</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>69273</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>1122699</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>655475</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>467224</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>285990</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>48050</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>63911</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>69273</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>BRIGID ANNE COCKRUM</ContributingManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>BRIGID ANNE COCKRUM CO PERSONAL ADM</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>3939 BEE CAVE ROAD BLDG C-100</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78746</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5123281184</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>INFO SHOWING EVIDENCE OF PUBLIC CHARITY OR PRIVATE OPERATG FOUNDATION STATUS</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>SEPTEMBER 30TH OF EACH CALENDAR YEAR</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>CHARITABLE FIELDS INCLUDING HEALTH, EDUCATION, CHILDREN, &amp; HUMAN SERVICES IN THE CENTRAL TEXAS AREA</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>EXPLORE AUSTIN</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 50470</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78763</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PUBLIC SERVICE</GrantOrContributionPurposeTxt>
          <Amt>200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SELAH BAMBERGER RANCH PRESERVE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2341 BLUE RIDGE DRIVE</AddressLine1Txt>
            <CityNm>JOHNSON CITY</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78636</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PUBLIC SERVICE</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BUGGY BARN MUSEUM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 504</AddressLine1Txt>
            <CityNm>BLANCO</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78606</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PUBLIC SERVICE</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEXAN BY NATURE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3100 JEFFERSON ST 301</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78731</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PUBLIC SERVICE</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>TEXAS BOOK FESTIVAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>610 BRAZOS ST</AddressLine1Txt>
            <CityNm>AUSTIN</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>78701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PUBLIC SERVICE</GrantOrContributionPurposeTxt>
          <Amt>75000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>408000</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>143911</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>47355</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>191267</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>191267</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>2400</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2400</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>2702 APPLE</StockNm>
        <EOYBookValueAmt>2871</EOYBookValueAmt>
        <EOYFMVAmt>457259</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2050 AUTOMATIC DATA PROCESSING</StockNm>
        <EOYBookValueAmt>99846</EOYBookValueAmt>
        <EOYFMVAmt>240240</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>3930 COCA COLA</StockNm>
        <EOYBookValueAmt>137741</EOYBookValueAmt>
        <EOYFMVAmt>180308</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>3855 EMERSON ELEC</StockNm>
        <EOYBookValueAmt>166410</EOYBookValueAmt>
        <EOYFMVAmt>288655</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2000 ILLINOIS TOOL WKS</StockNm>
        <EOYBookValueAmt>117464</EOYBookValueAmt>
        <EOYFMVAmt>333700</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1720 JOHNSON &amp; JOHNSON</StockNm>
        <EOYBookValueAmt>106073</EOYBookValueAmt>
        <EOYFMVAmt>240318</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2155 PROCTER &amp; GAMBLE</StockNm>
        <EOYBookValueAmt>130495</EOYBookValueAmt>
        <EOYFMVAmt>198001</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>6075 DONALDSON</StockNm>
        <EOYBookValueAmt>160597</EOYBookValueAmt>
        <EOYFMVAmt>297371</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2955 DOVER</StockNm>
        <EOYBookValueAmt>149086</EOYBookValueAmt>
        <EOYFMVAmt>298425</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2030 NORDSON</StockNm>
        <EOYBookValueAmt>94256</EOYBookValueAmt>
        <EOYFMVAmt>297192</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2030 NOVARTIS</StockNm>
        <EOYBookValueAmt>144048</EOYBookValueAmt>
        <EOYFMVAmt>170439</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1605 ECOLAB</StockNm>
        <EOYBookValueAmt>139278</EOYBookValueAmt>
        <EOYFMVAmt>215359</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1310 FEDEX</StockNm>
        <EOYBookValueAmt>147372</EOYBookValueAmt>
        <EOYFMVAmt>326897</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>5565 INTEL</StockNm>
        <EOYBookValueAmt>127699</EOYBookValueAmt>
        <EOYFMVAmt>256880</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>3545 MICROSOFT</StockNm>
        <EOYBookValueAmt>106599</EOYBookValueAmt>
        <EOYFMVAmt>303239</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>3535 PACCAR</StockNm>
        <EOYBookValueAmt>175008</EOYBookValueAmt>
        <EOYFMVAmt>251268</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1720 PEPSICO</StockNm>
        <EOYBookValueAmt>133127</EOYBookValueAmt>
        <EOYFMVAmt>206262</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>2570 SCHLUMBERGER</StockNm>
        <EOYBookValueAmt>188646</EOYBookValueAmt>
        <EOYFMVAmt>173192</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1830 UNITED PARCEL</StockNm>
        <EOYBookValueAmt>158211</EOYBookValueAmt>
        <EOYFMVAmt>218045</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1155 3M</StockNm>
        <EOYBookValueAmt>127173</EOYBookValueAmt>
        <EOYFMVAmt>271852</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>5815 NATIONAL INSTRS</StockNm>
        <EOYBookValueAmt>162679</EOYBookValueAmt>
        <EOYFMVAmt>242078</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1770 CVS HEALTH CORP</StockNm>
        <EOYBookValueAmt>170935</EOYBookValueAmt>
        <EOYFMVAmt>128325</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>1700 HONEYWELL INTL INC</StockNm>
        <EOYBookValueAmt>165784</EOYBookValueAmt>
        <EOYFMVAmt>260712</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>825 BECTON DICKINSON</StockNm>
        <EOYBookValueAmt>159508</EOYBookValueAmt>
        <EOYFMVAmt>176600</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="RetDoc2210400001">
      <USGovtObligationsBookVlEOYAmt>1215601</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>1193743</USGovtObligationsEOYFMVAmt>
      <StateLocalSecBookVlEOYAmt>0</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>0</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT FEES</CategoryTxt>
        <Amt>14033</Amt>
        <NetInvestmentIncomeAmt>14033</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>2529</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>828</Amt>
        <NetInvestmentIncomeAmt>828</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>