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IN 2017, THE JONES SCHOOL OF BUSINESS ANNOUNCED PLANS TO LAUNCE AN ONLINE MBA PROGRAM. RICE UNIVERSITY HAS AN UNDERGRADUATE STUDENT-TO-FACULTY RATIO OF 6 TO 1. IN GENERAL, CLASSES ARE SMALL ENOUGH FOR EACH PROFESSOR TO KNOW EVERY STUDENT'S NAME, SO THERE IS AMPLE OPPORTUNITY FOR PERSONAL ATTENTION. RICE IS RANKED AMONG THE TOP 20 NATIONALLY BY THE US NEWS AND WORLD REPORT IN THE 2018 EDITION, AND THE PRINCETON REVIEW RANKED RICE NO. 1 FOR "HAPPIEST STUDENTS" AND "LOTS OF RACE/CLASS INTERACTIONS" IN THE 2018 EDITION, ALONG WITH HIGH RANKINGS FOR "BEST QUALITY OF LIFE" AND "BEST HEALTH SERVICES". IN KIPLINGER'S "300 BEST COLLEGE VALUES FOR 2018," RICE RANKS NO. 5 AMONG PRIVATE UNIVERSITIES AND NO. 8 AMONG PRIVATE AND PUBLIC SCHOOLS COMBINED. RICE OFFERS ADVANCED DEGREES IN THE HUMANITIES, LIBERAL STUDIES, SOCIAL SCIENCES, NATURAL SCIENCES, ENGINEERING, ARCHITECTURE, MUSIC, AND BUSINESS. GRADUATE PROGRAMS ARE SMALL TO MEDIUM-SIZED, OFFERING THE OPPORTUNITY TO WORK VERY CLOSELY WITH GRADUATE ADVISORS. PROXIMITY TO BOTH THE HOUSTON MUSEUM DISTRICT AND THE RENOWNED TEXAS MEDICAL CENTER ALLOWS FOR EXCEPTIONAL ACCESS TO THE VISUAL ARTS AS WELL AS CUTTING-EDGE BIOMEDICAL RESEARCH. THE MANY INTERDISCIPLINARY CENTERS AND INSTITUTES ENHANCE THE EXPERIENCE OF STUDENTS ACROSS ALL DISCIPLINES. RICE'S MOODY CENTER FOR THE ARTS OPENED IN FEBRUARY 2017. IT OFFERS AN EXPERIMENTAL PLATFORM FOR CREATING AND PRESENTING WORKS IN ALL DISCIPLINES, A FLEXIBLE TEACHING SPACE TO ENCOURAGE NEW MODES OF LEARNING AND A FORUM FOR CREATIVE PARTNERSHIPS WITH VISITING NATIONAL AND INTERNATIONAL ARTISTS. OPEN AND ACCESSIBLE TO THE PUBLIC, THE MOODY IS DEDICATED TO TRANSDISCIPLINARY COLLABORATION IN THE ARTS, SCIENCES AND HUMANITIES. THE RICE MUSIC AND PERFORMING ARTS CENTER IS CURRENTLY UNDER CONSTRUCTION. THE MUSIC AND OPERA BUILDING IS EXPECTED TO BE OPEN TO STUDENTS AND THE GENERAL PUBLIC IN JULY 2020. THE SUSANNE M. GLASSCOCK SCHOOL OF CONTINUING STUDIES PROVIDES LIFELONG PERSONAL AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO THE LARGER COMMUNITY. THE SCHOOL ATTRACTS MORE THAN 16,000 ENROLLMENTS EACH YEAR TO ITS NON-CREDIT AND CREDIT PROGRAMS. RICE IS LOCATED IN HOUSTON, TEXAS, THE NATION'S FOURTH-LARGEST CITY, THE ENERGY CAPITAL OF THE WORLD AND A DYNAMIC INTERNATIONAL BUSINESS AND CULTURAL CENTER, ON A 300-ACRE, TREE-LINED CAMPUS JUST A FEW MILES FROM DOWNTOWN. UNDERGRADUATE STUDENTS ARE GIVEN FREE METRO PASSES FOR PUBLIC TRANSPORTATION; INCLUDING THE LIGHT RAIL SYSTEM WHICH HAS TWO STATIONS LOCATED A BLOCK FROM CAMPUS. THE UNIVERSITY OPERATES A FREE SHUTTLE BUS ROUTE THAT INCLUDES THE CAMPUS, OFF-CAMPUS GRADUATE STUDENT HOUSING, AND LOCAL SHOPPING CENTERS AND ATTRACTIONS. HOUSTON BOASTS 189 MUSEUMS, OPERA, BALLET, SYMPHONY AND THEATER, AND FOUR PROFESSIONAL MAJOR LEAGUE SPORTS TEAMS. RICE'S RESIDENTIAL COLLEGE SYSTEM LIES AT THE CORE OF EVERY UNDERGRADUATE'S EXPERIENCE. EVERY UNDERGRADUATE STUDENT, WHETHER LIVING ON CAMPUS OR NOT, IS A MEMBER OF ONE OF 11 SELF-GOVERNED COEDUCATIONAL RESIDENTIAL COLLEGES. EACH COLLEGE HAS A RESIDENT COLLEGE MAGISTER. OTHER MEMBERS OF THE FACULTY ARE INVITED TO BECOME RESIDENT AND NONRESIDENT ASSOCIATES OF EACH COLLEGE. FACULTY ASSOCIATES ACT AS ADVISORS TO THE STUDENTS AND PARTICIPATE IN THE CAMARADERIE AND ACTIVITIES OF THEIR RESPECTIVE COLLEGE. COLLEGES ALSO HAVE NON-FACULTY UNIVERSITY ASSOCIATES AND COMMUNITY ASSOCIATES FROM THE HOUSTON AREA, DRAWN FROM VARIOUS PROFESSIONS. 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        <Desc>BASIC SCIENTIFIC RESEARCH AND TRAINING CONDUCTED BY FACULTY AND STAFF AND OTHER SPONSORED EDUCATIONAL PROGRAMS. FROM ITS INCEPTION, RICE HAS BEEN DEDICATED, IN THE WORDS OF ITS FIRST PRESIDENT EDGAR ODELL LOVETT,"AS MUCH TO INVESTIGATION AS TO INSTRUCTION" AND TO PROVIDING A SETTING IN WHICH FACULTY WOULD JOIN THE "PLEASURES OF TEACHING" WITH "THE PRIVILEGES OF RESEARCH." THE UNIVERSITY HAS REALIZED MUCH OF THIS AMBITION WITH DISTINCTION IN OUR UNDERGRADUATE EDUCATION AND RESEARCH EXCELLENCE ACROSS MANY DISCIPLINES. RICE IS HOME TO MORE THAN 40 INTERDISCIPLINARY RESEARCH CENTERS, INSTITUTES AND CONSORTIA, AND RESEARCH IS A FUNDAMENTAL PART OF THE UNDERGRADUATE EXPERIENCE. THE UNIVERSITY HAS PRODUCED 101 FULBRIGHT SCHOLARS, 20 MARSHALL SCHOLARS, 65 WATSON FELLOWS, 25 MELLON FELLOWSHIPS, 336 NATIONAL SCIENCE FOUNDATION FELLOWSHIPS, AND 12 RHODES SCHOLARS AMONG OTHER HONORS AND AWARDS. THE UNIVERSITY HAS A VERY HIGH LEVEL OF RESEARCH ACTIVITY FOR ITS SIZE, WITH $127.1 MILLION IN SPONSORED RESEARCH FUNDING IN 2015. RICE IS NOTED FOR IT'S APPLIED SCIENCE PROGRAMS IN THE FIELDS OF ARTIFICIAL HEART RESEARCH, STRUCTURAL CHEMICAL ANALYSIS, SIGNAL PROCESSING, SPACE SCIENCE AND NANOTECHNOLOGY. IT WAS RANKED FIRST IN THE WORLD IN CITATIONS IN MATERIALS SCIENCE RESEARCH BY THE TIMES HIGHER EDUCATION IN 2010. RICE HAS 680 FULL-TIME AND 190 PART-TIME FACULTY MEMBERS. NINTY-NINE PERCENT OF FULL-TIME FACULTY HOLD PH.D.S OR EQUIVALENT TERMINAL DEGREES IN THEIR FIELD. BECAUSE OF THEIR PIONEERING RESEARCH, RICE FACULTY HAVE BEEN HONORED WITH NUMEROUS PRESTIGIOUS AWARDS AND ACCOLADES OVER THE YEARS. IN 1996, RICE PROFESSORS RICHARD SMALLEY (NOW DECEASED) AND ROBERT CURL RECEIVED THE NOBEL PRIZE FOR THEIR DISCOVERY OF A UNIQUE MOLECULAR FORM OF CARBON THAT HERALDED THE NEW ERA OF NANOTECHNOLOGY RESEARCH. IN 2011, RICHARD TAPIA, A RICE MATHEMATICIAN AND LONGTIME CHAMPION OF DIVERSITY IN U.S. EDUCATION, RECEIVED THE NATIONAL MEDAL OF SCIENCE FROM PRESIDENT BARACK OBAMA FOR HIS WORK IN OPTIMIZATION THEORY AND NUMERICAL ANALYSIS, AS WELL AS FOR HIS MENTORING OF WOMEN AND UNDER-REPRESENTED MINORITIES IN THE FIELDS OF MATHEMATICS AND SCIENCE. AS OF FEBRUARY 2018, RICE HAD 12 FACULTY MEMBERS IN THE NATIONAL ACADEMY OF ENGINEERING, 10 IN THE NATIONAL ACADEMY OF SCIENCE, FOUR IN THE INSTITUTE OF MEDICINE, AND SIX IN THE NATIONAL HUMANITIES CENTER. IN 2016, DR. REBECCA RICHARDS-KORTUM WON A PRESTIGIOUS MACARTHUR FELLOWSHIP. RICE'S COMMITMENT TO SCIENTIFIC RESEARCH CAN BE SEEN IN THE CONSTRUCTION OF THE BIOSCIENCE RESEARCH COLLABORATIVE, A 477,000- SQUARE-FOOT FACILITY WHERE SCIENTISTS AND EDUCATORS FROM RICE AND OTHER TEXAS MEDICAL CENTER INSTITUTIONS WORK TOGETHER ON RESEARCH THAT BENEFITS HUMAN MEDICINE AND HEALTH, AND THE BROCKMAN HALL FOR PHYSICS, A STATE-OF-THE-ART 110,000 SQUARE-FOOT FACILITY THAT INCLUDES VIBRATION AND NOISE CONTROLLED UNDERGROUND LABORATORIES. RICE ALSO HAS AN ACTIVE RESEARCH AGENDA IN THE SOCIAL SCIENCES AND HUMANITIES. THE BAKER INSTITUTE FOR PUBLIC POLICY IS ONE OF THE LEADING NONPARTISAN PUBLIC POLICY THINK TANKS IN THE COUNTRY AND CONDUCTS RESEARCH ON DOMESTIC AND FOREIGN POLICY ISSUES. THE HUMANITIES RESEARCH CENTER FOSTERS INTERNATIONAL AND INTERDISCIPLINARY CONNECTIONS WITH WORKSHOPS AND LARGE CONFERENCES. FOCUS AREAS INCLUDE QUESTIONS OF ENERGY AND ENERGY TRANSITIONS, THE CIVIC HUMANISTS PROGRAM, AND THE OUR AMERICAS ARCHIVE PARTNERSHIP.</Desc>
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        <ExplanationTxt>Other activities include dues paid to professional organizations which employ lobbyists. An insubstantial portion of the university's total activities are involved in legislative and regulatory matters of direct concern to higher education or of a compelling importance to Rice in particular. Institutional efforts to influence legislation are directed by the office of Public Affairs. The university does not now have a lobbying office in Washington or Austin or employ anyone in those cities to engage in lobbying. During this period, the university did not employ a full-time person whose primary assignment included federal and state lobbying activity but did employ an outside registered lobbying firm in Washington. Activities included contacts by letters, phone calls, and meetings with legislators, members of their staffs, or other governmental officials and meetings with local citizens regarding issues. The total amount spent by Rice in lobbying represents an insignificant part of the university's total expenditures , even taking into consideration the most generous allowances for any activities that may be defined as lobbying by Rice employees outside the office of public affairs working on behalf of the university. Rice also pays membership dues to associations of educational institutions and those organizations may in turn lobby on behalf of the interests of their members.</ExplanationTxt>
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      <AccountActivitiesOutsideUSGrp>
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        <TypeOfActivitiesConductedTxt>Investments</TypeOfActivitiesConductedTxt>
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      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>Europe (Including Iceland and Greenland)</RegionTxt>
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        <RegionTotalExpendituresAmt>6138034</RegionTotalExpendituresAmt>
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      <SubtotalOfficesCnt>1</SubtotalOfficesCnt>
      <SubtotalEmployeesCnt>6</SubtotalEmployeesCnt>
      <ContinutationTotalOfficeCnt>0</ContinutationTotalOfficeCnt>
      <ContinutationTotalEmployeeCnt>0</ContinutationTotalEmployeeCnt>
      <TotalOfficeCnt>1</TotalOfficeCnt>
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      <InterestInForeignTrustInd>false</InterestInForeignTrustInd>
      <ForeignCorpOwnershipInd>true</ForeignCorpOwnershipInd>
      <PassiveForeignInvestmestCoInd>true</PassiveForeignInvestmestCoInd>
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        <FormAndLineReferenceDesc>Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.</FormAndLineReferenceDesc>
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        <TotalCompensationFilingOrgAmt>419715</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <BusinessName>
          <BusinessNameLine1Txt>George McLendon</BusinessNameLine1Txt>
        </BusinessName>
        <TitleTxt>Former Provost</TitleTxt>
        <BaseCompensationFilingOrgAmt>620780</BaseCompensationFilingOrgAmt>
        <CompensationBasedOnRltdOrgsAmt>0</CompensationBasedOnRltdOrgsAmt>
        <BonusFilingOrganizationAmount>0</BonusFilingOrganizationAmount>
        <BonusRelatedOrganizationsAmt>0</BonusRelatedOrganizationsAmt>
        <OtherCompensationFilingOrgAmt>42000</OtherCompensationFilingOrgAmt>
        <OtherCompensationRltdOrgsAmt>0</OtherCompensationRltdOrgsAmt>
        <DeferredCompensationFlngOrgAmt>27285</DeferredCompensationFlngOrgAmt>
        <DeferredCompRltdOrgsAmt>0</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsFilingOrgAmt>5961</NontaxableBenefitsFilingOrgAmt>
        <NontaxableBenefitsRltdOrgsAmt>0</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationFilingOrgAmt>696026</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>0</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 1a First-class or charter travel</FormAndLineReferenceDesc>
        <ExplanationTxt>The University's written travel policy permits payment only of necessary and reasonable expenses for travel on University business. The University's policies constitute an accountable plan and are designed to comply with applicable Internal Revenue Service rules. Coach class airfare is required except in certain limited circumstances; these include medical necessity, contractual obligations, and scheduled flight segments over six hours in length, when business class fares may be used with prior approval. In rare cases, when an exception applies and no business class fare is available, a first class fare may be used, again with prior approval and documentation. Charter travel is sometimes employed for athletics teams, including coaches, when such travel is the least costly method of transportation.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 1a Travel for companions</FormAndLineReferenceDesc>
        <ExplanationTxt>Under the University's travel policy, the University does not pay the travel cost of companions, unless there is a valid University business purpose for the companion's travel. Written approval must be obtained in advance from the president, provost, or appropriate dean / vice president documenting the reason for incurring the expense. When the University uses chartered air or ground transportation, travel for companions may occasionally be included if the University incurs no additional cost.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 1a Tax indemnification and gross-up payments</FormAndLineReferenceDesc>
        <ExplanationTxt>Under the terms of his contract, the President is provided with grossed up payments for dependent tuition reimbursement. Tuition reimbursement of $11,248 was paid and grossed up to $17,765. The entire amount was taxable. Under the terms of the appointment letter, the Provost was provided with grossed up payments as reimbursement for rent and utilities while also maintaining a house in another state during her transition. Expenses of $36,469 were paid and the payment was grossed up to $50,198. The entire amount was taxable compensation.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 1a Housing allowance or residence for personal use</FormAndLineReferenceDesc>
        <ExplanationTxt>The president of the University is required to occupy University-owned housing as a condition of employment. Housekeeping staff is provided for such property. The cost of such services not related to public areas of the house is included in compensation reported. The fair market value of the housing provided, based on the appraised value of the house, is reported in the president's compensation as a non-taxable benefit. Beginning July 1, 2017 the provost was paid a housing allowance. This amount is fully taxable.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 1a Health or social club dues or initiation fees</FormAndLineReferenceDesc>
        <ExplanationTxt>Social club dues were paid for the president of the University and included in compensation as appropriate.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 1a Personal services</FormAndLineReferenceDesc>
        <ExplanationTxt>See the response to Schedule J, Part I, Line 1A for Housing</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation</FormAndLineReferenceDesc>
        <ExplanationTxt>The CORD (Compensation and Organizational Development) Committee of the Board of Trustees of Rice University has a written procedure in place to assure the Board of Trustees that compensation arrangements for the president and other organization officers and managers are reasonable. The procedure is designed to comply with the requirements of Section 4958 of the Internal Revenue Code and Internal Revenue Service regulations. The CORD Committee maintains a roster of disqualified persons, as defined by the IRS, for whose compensation the procedure is used. The roster is reviewed periodically but at least annually. The procedure was last discussed with the full board in March 2011. The procedure requires three elements as follows: 1) The terms of transactions are approved by the organization's governing body, or a committee thereof, whose members have no conflict of interest with respect to the arrangement. The Board of Trustees delegated authority to the CORD Committee to act on behalf of the Board in these matters at its meeting on March 25, 1999. Compensation arrangements are reviewed and approved by the CORD Committee before the effective date. Members of the CORD Committee recuse themselves from any vote in which there is a potential or actual conflict of interest. 2) The governing body or committee obtains and relies upon appropriate, comparable data before making its determination. Rice participates in the annual survey by Willis Towers Watson of select universities' executive compensation, and additional appropriate peer surveys. These reports reflect executive compensation in universities of a stature similar to that of Rice, and with which Rice competes for faculty and staff. The CORD Committee may also seek and rely on other relevant information, including compensation paid by other taxable and tax-exempt organizations for functionally comparable positions, geographic market forces, and actual written offers from similar institutions competing for services. The CORD Committee relies on this data and documents any determinations that reasonable compensation is an amount more than the range of comparable data. 3) The governing body or committee adequately documents the basis for making determinations concurrently with making decisions. Minutes documenting the deliberations of the CORD Committee are prepared contemporaneously for review and approval at its next meeting.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan</FormAndLineReferenceDesc>
        <ExplanationTxt>The following officer(s), director(s), trustee(s), key employee(s) and/or highest compensated employees participated in or received payment from a supplemental non-qualified retirement plan in calendar year 2016, subject to satisfying vesting conditions related to continuing service to the university. Awards are included in the amounts shown in Part II, column C. Amounts that are taxable upon vesting or distribution are included in Part II, column B (iii). David Leebron: $250,000 award; $218,763 distribution of a prior year award Marie Lynn Miranda: $50,000 award Kevin Kirby: $100,677 distribution of prior year award Richard Zansitis: $35,000 award Klara Jelinkova: $30,000 award George McLendon: $442,800 distribution of prior year awards</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule J, Part I, Line 7 Non-fixed payments</FormAndLineReferenceDesc>
        <ExplanationTxt>Contracts of certain individuals include provisions that allow them to receive additional compensation if specific criteria are met or performance thresholds are achieved. Payments were made under such contracts in calendar year 2016 to David Leebron, Allison Thacker, and David Bailiff. Bonuses were paid to Marie Lynn Miranda, Ronald Long, Katherine Collins, Renee Block, and Caroline Levander.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK1" softwareId="16000421" softwareVersionNum="2016v3.0">
      <TaxExemptBondsIssuesGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1Txt>City of Houston Higher Education Finance Corporation</BusinessNameLine1Txt>
        </IssuerName>
        <BondIssuerEIN>760387014</BondIssuerEIN>
        <CUSIPNum>442378DZ5</CUSIPNum>
        <BondIssuedDt>2010-06-02</BondIssuedDt>
        <IssuePriceAmt>139887000</IssuePriceAmt>
        <PurposeDesc>Construction</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>false</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
      </TaxExemptBondsIssuesGrp>
      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <RetiredAmt>13000000</RetiredAmt>
        <BondDefeasedAmt>0</BondDefeasedAmt>
        <TotalProceedsAmt>139887000</TotalProceedsAmt>
        <InReserveFundAmt>0</InReserveFundAmt>
        <CapitalizedInterestAmt>1758105</CapitalizedInterestAmt>
        <RefundingEscrowAmt>0</RefundingEscrowAmt>
        <IssuanceCostsFromProceedsAmt>1186594</IssuanceCostsFromProceedsAmt>
        <CreditEnhancementAmt>0</CreditEnhancementAmt>
        <WorkingCapitalExpendituresAmt>0</WorkingCapitalExpendituresAmt>
        <CapitalExpendituresAmt>123942301</CapitalExpendituresAmt>
        <OtherSpentProceedsAmt>13000000</OtherSpentProceedsAmt>
        <UnspentAmt>0</UnspentAmt>
        <CurrentRefundingInd>false</CurrentRefundingInd>
        <AdvanceRefundingInd>false</AdvanceRefundingInd>
        <FinalAllocationMadeInd>false</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>true</AdequateBooksAndRecMaintInd>
      </TaxExemptBondsProceedsGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>false</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>true</MgmtContractBondFincdPropInd>
        <EngageBondCounselContractsInd>true</EngageBondCounselContractsInd>
        <AnyResearchAgreementsInd>true</AnyResearchAgreementsInd>
        <EngageBondCounselResearchInd>true</EngageBondCounselResearchInd>
        <PrivateBusUseByOthersPct>0.0</PrivateBusUseByOthersPct>
        <PrivateBusConcerningUBIPct>0.0</PrivateBusConcerningUBIPct>
        <TotalPrivateBusinessUsePct>0.0</TotalPrivateBusinessUsePct>
        <BondIssMeetPrvtSecPymtTestInd>false</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <ProcsNonqualifiedBondRemdtdInd>true</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>false</RebateNotDueYetInd>
        <ExceptionToRebateInd>false</ExceptionToRebateInd>
        <NoRebateDueInd>true</NoRebateDueInd>
        <VariableRateIssueInd>true</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GrossProceedsInvestedInd>true</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>true</WrittenProcToMonitorReqsInd>
      </TaxExemptBondsArbitrageGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <ProceduresCorrectiveActionInd>true</ProceduresCorrectiveActionInd>
      </ProceduresCorrectiveActionGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule K, Part I Bond Issues</FormAndLineReferenceDesc>
        <ExplanationTxt>CCHEFC RICE UNIVERSITY SERIES 2010A HAS CUSIP NUMBERS 442378DX0 AND 442378DY8. SERIES 2010B HAS CUSIP NUMBER 442378DZ5. THE UNIVERSITY HAS PRACTICES AND PROCEDURES TO MONITOR PRIVATE BUSINESS USE IN TAX-EXEMPT DEBT-FINANCED BUILDINGS TO ENSURE THAT IT DOES NOT EXCEED PERMITTED LIMITS. THE UNIVERSITY HAS A POLICY ALLOCATING EQUITY FIRST TO ANY FACILITY INCLUDING PRIVATE BUSINESS USE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule K, Part IV, Line 2c COLUMN A</FormAndLineReferenceDesc>
        <ExplanationTxt>Issuer name: City of Houston Higher Education Finance Corporation The calculation for computing no rebate due was performed on 06/30/2017</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="IRS990ScheduleL" softwareId="16000421" softwareVersionNum="2016v3.0">
      <LoansBtwnOrgInterestedPrsnGrp>
        <BusinessName>
          <BusinessNameLine1Txt>Bradley Wayne Fralic</BusinessNameLine1Txt>
        </BusinessName>
        <RelationshipWithOrgTxt>Officer</RelationshipWithOrgTxt>
        <LoanPurposeTxt>Relocation</LoanPurposeTxt>
        <LoanFromOrganizationInd>X</LoanFromOrganizationInd>
        <OriginalPrincipalAmt>50000</OriginalPrincipalAmt>
        <BalanceDueAmt>30000</BalanceDueAmt>
        <DefaultInd>false</DefaultInd>
        <BoardOrCommitteeApprovalInd>true</BoardOrCommitteeApprovalInd>
        <WrittenAgreementInd>true</WrittenAgreementInd>
      </LoansBtwnOrgInterestedPrsnGrp>
      <TotalBalanceDueAmt>30000</TotalBalanceDueAmt>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <BusinessName>
            <BusinessNameLine1Txt>Y Ping Sun</BusinessNameLine1Txt>
          </BusinessName>
        </NameOfInterested>
        <RelationshipDescriptionTxt>Spouse of officer</RelationshipDescriptionTxt>
        <TransactionAmt>79221</TransactionAmt>
        <TransactionDesc>Employee</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
      <BusTrInvolveInterestedPrsnGrp>
        <NameOfInterested>
          <BusinessName>
            <BusinessNameLine1Txt>Diana Strassmann</BusinessNameLine1Txt>
          </BusinessName>
        </NameOfInterested>
        <RelationshipDescriptionTxt>Spouse of trustee</RelationshipDescriptionTxt>
        <TransactionAmt>114725</TransactionAmt>
        <TransactionDesc>Employee</TransactionDesc>
        <SharingOfRevenuesInd>false</SharingOfRevenuesInd>
      </BusTrInvolveInterestedPrsnGrp>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="IRS990ScheduleM" softwareId="16000421" softwareVersionNum="2016v3.0">
      <WorksOfArtGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>13</ContributionCnt>
        <NoncashContributionsRptF990Amt>93300</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>Market value</MethodOfDeterminingRevenuesTxt>
      </WorksOfArtGrp>
      <ArtHistoricalTreasuresGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>53</ContributionCnt>
        <NoncashContributionsRptF990Amt>599703</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>Cost</MethodOfDeterminingRevenuesTxt>
      </ArtHistoricalTreasuresGrp>
      <SecuritiesPubliclyTradedGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <ContributionCnt>480</ContributionCnt>
        <NoncashContributionsRptF990Amt>24389758</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>Market value</MethodOfDeterminingRevenuesTxt>
      </SecuritiesPubliclyTradedGrp>
      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <Desc>Airline tickets</Desc>
        <ContributionCnt>6</ContributionCnt>
        <NoncashContributionsRptF990Amt>1566</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>Market value</MethodOfDeterminingRevenuesTxt>
      </OtherNonCashContriTableGrp>
      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <Desc>Musical instruments</Desc>
        <ContributionCnt>2</ContributionCnt>
        <NoncashContributionsRptF990Amt>19999</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>Cost</MethodOfDeterminingRevenuesTxt>
      </OtherNonCashContriTableGrp>
      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <Desc>Royalty interest</Desc>
        <ContributionCnt>1</ContributionCnt>
        <NoncashContributionsRptF990Amt>801</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>Market value</MethodOfDeterminingRevenuesTxt>
      </OtherNonCashContriTableGrp>
      <OtherNonCashContriTableGrp>
        <NonCashCheckboxInd>X</NonCashCheckboxInd>
        <Desc>Instructional and scientific equipment and supplies</Desc>
        <ContributionCnt>4</ContributionCnt>
        <NoncashContributionsRptF990Amt>9698</NoncashContributionsRptF990Amt>
        <MethodOfDeterminingRevenuesTxt>Opinions of experts</MethodOfDeterminingRevenuesTxt>
      </OtherNonCashContriTableGrp>
      <Form8283ReceivedCnt>0</Form8283ReceivedCnt>
      <AnyPropertyThatMustBeHeldInd>false</AnyPropertyThatMustBeHeldInd>
      <ReviewProcessUnusualNCGiftsInd>true</ReviewProcessUnusualNCGiftsInd>
      <ThirdPartiesUsedInd>false</ThirdPartiesUsedInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Schedule M, Part I Explanations of reporting method for number of contributions</FormAndLineReferenceDesc>
        <ExplanationTxt>Art - Works of art - Number of items received Art - Historical treasures - Number of items received Securities - Publicly traded - Number of contributions Other - Airline tickets Number of items received Other - Musical instruments Number of contributions Other - Royalty interest Number of items received Other - Instructional and scientific equipment and supplies Number of items received</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="16000421" softwareVersionNum="2016v3.0">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 2 Family/business relationships amongst interested persons</FormAndLineReferenceDesc>
        <ExplanationTxt>James Hackett and Randa Williams - Business relationship</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 11b Review of form 990 by governing body</FormAndLineReferenceDesc>
        <ExplanationTxt>A draft copy of Form 990 is discussed with the Audit Committee and the Compensation and Organizational Development (CORD) Committee of the Board of Trustees and the final Form 990 is provided to all of the trustees before it is filed. The Form 990 is prepared by the Controller's Office in consultation with other University offices, reviewed within the Controller's office, reviewed by PricewaterhouseCoopers as the paid preparer, reviewed by the Vice President for Finance and the President together with senior management before it is provided to the trustees.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 12c Conflict of interest policy</FormAndLineReferenceDesc>
        <ExplanationTxt>A conflict of interest questionnaire is completed annually by officers, directors, trustees, key employees and other disqualified persons. Members of the University's Board of Trustees and senior management may, from time to time, be associated, either directly or through interlocking board memberships, with entities doing business with the University. The University employs a conflict of interest policy that requires any such associations be disclosed in writing on an annual basis. When such associations exist, measures are taken to mitigate any actual or perceived conflict, including recusal of the board member from any decisions involving the entity doing business with the University. The transactions with the entities associated with trustees or senior management are not considered to be significant and may include investment management, common participation in investment vehicles, or the purchases of goods or services. When the University enters into such transactions, the prices are set at fair market value and the terms are no less beneficial than those offered to others in the ordinary course of business.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 15a Process to establish compensation of top management official</FormAndLineReferenceDesc>
        <ExplanationTxt>Compensation of the organizations' officers is determined by the CORD Committee of the Board of Trustees based on comparability data. The deliberations and decisions of the CORD Committee of the Board of Trustees are contemporaneously documented as are all meetings of the board and its committees. Further detail is provided in Schedule J, Part III.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 15b Process to establish compensation of other employees</FormAndLineReferenceDesc>
        <ExplanationTxt>See Pt VI, Line 15a</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 19 Required documents available to the public</FormAndLineReferenceDesc>
        <ExplanationTxt>The articles of incorporation are filed with the state and are publicly available. The financial statements are available to the public on the University's website and by request. Copies of the Form 990 and Form 990-T tax returns are available to the public on request. The University's conflict of interest policy is available on the University's website.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part XI, Line 9 Other changes in net assets or fund balances</FormAndLineReferenceDesc>
        <ExplanationTxt>Change in life income liability - 17733556; Unrealized gain on interest rate swap - 62219; Subsidiary corporations - XXX-XX-XXXX;</ExplanationTxt>
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    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR" softwareId="16000421" softwareVersionNum="2016v3.0">
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>Village Residential LLC</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>1999 Bryan St</AddressLine1Txt>
          <AddressLine2Txt>Suite 900</AddressLine2Txt>
          <CityNm>Dallas</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>75201</ZIPCd>
        </USAddress>
        <PrimaryActivitiesTxt>Real estate</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <TotalIncomeAmt>-4691</TotalIncomeAmt>
        <EndOfYearAssetsAmt>1089477</EndOfYearAssetsAmt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
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      </IdDisregardedEntitiesGrp>
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>WMR BNA Holdings LLC</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>c/o Rice University</AddressLine1Txt>
          <AddressLine2Txt>6100 Main St</AddressLine2Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <EIN>814267081</EIN>
        <PrimaryActivitiesTxt>Holding company</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <TotalIncomeAmt>-230251</TotalIncomeAmt>
        <EndOfYearAssetsAmt>9158953</EndOfYearAssetsAmt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
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      </IdDisregardedEntitiesGrp>
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>Rice RE Holdings I</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>c/o Rice University</AddressLine1Txt>
          <AddressLine2Txt>6100 Main St</AddressLine2Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <PrimaryActivitiesTxt>Holding company</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <TotalIncomeAmt>0</TotalIncomeAmt>
        <EndOfYearAssetsAmt>0</EndOfYearAssetsAmt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
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      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>Rice RE Holdings II</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>c/o Rice University</AddressLine1Txt>
          <AddressLine2Txt>6100 Main St</AddressLine2Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <PrimaryActivitiesTxt>Holding company</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <TotalIncomeAmt>0</TotalIncomeAmt>
        <EndOfYearAssetsAmt>0</EndOfYearAssetsAmt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
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      </IdDisregardedEntitiesGrp>
      <IdDisregardedEntitiesGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>Rice RE Holdings III</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>c/o Rice University</AddressLine1Txt>
          <AddressLine2Txt>6100 Main St</AddressLine2Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <PrimaryActivitiesTxt>Holding company</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <TotalIncomeAmt>0</TotalIncomeAmt>
        <EndOfYearAssetsAmt>0</EndOfYearAssetsAmt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
      </IdDisregardedEntitiesGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>Village Real Property Inc</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>6100 Main Street</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <EIN>760353959</EIN>
        <PrimaryActivitiesTxt>Real estate title holding</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(c)(2)</ExemptCodeSectionTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>Village Project Inc</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>6100 Main Street</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <EIN>760371337</EIN>
        <PrimaryActivitiesTxt>Real estate title holding</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(c)(2)</ExemptCodeSectionTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>JTVP Corporation</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>6100 Main Street</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <EIN>760258573</EIN>
        <PrimaryActivitiesTxt>Real estate title holding</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(c)(2)</ExemptCodeSectionTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>Village Venturers Inc</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>6100 Main Street</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <EIN>760258561</EIN>
        <PrimaryActivitiesTxt>Real estate title holding</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(c)(2)</ExemptCodeSectionTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>Rice Land Lumber Co</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>6100 Main Street</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <EIN>746045400</EIN>
        <PrimaryActivitiesTxt>Timber</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(c)(2)</ExemptCodeSectionTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>RU Corporation</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>6100 Main Street</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <EIN>746081393</EIN>
        <PrimaryActivitiesTxt>Real estate title holding</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(c)(2)</ExemptCodeSectionTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>Rice Trust Inc</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>6100 Main Street</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <EIN>741698122</EIN>
        <PrimaryActivitiesTxt>Trust company</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(c)(4)</ExemptCodeSectionTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>CCR Inc</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>6100 Main Street</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <EIN>383751177</EIN>
        <PrimaryActivitiesTxt>Type 1 supporting organization</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(c)(3)</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>Type I</PublicCharityStatusTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedTaxExemptOrgGrp>
        <DisregardedEntityName>
          <BusinessNameLine1Txt>HATRC</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>6100 Main Street</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <EIN>455431287</EIN>
        <PrimaryActivitiesTxt>Type 1 supporting organization</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <ExemptCodeSectionTxt>501(c)(3)</ExemptCodeSectionTxt>
        <PublicCharityStatusTxt>Type I</PublicCharityStatusTxt>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>WMR Redcar I LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>C/O Redcar WMR Venture LLC</AddressLine1Txt>
          <AddressLine2Txt>PO Box 531847</AddressLine2Txt>
          <CityNm>Los Angeles</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90053</ZIPCd>
        </USAddress>
        <EIN>474181408</EIN>
        <PrimaryActivitiesTxt>Real estate</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
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        <PredominantIncomeTypeTxt>Excluded</PredominantIncomeTypeTxt>
        <ShareOfTotalIncomeAmt>-720941</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>57931001</ShareOfEOYAssetsAmt>
        <DisproportionateAllocationsInd>false</DisproportionateAllocationsInd>
        <GeneralOrManagingPartnerInd>false</GeneralOrManagingPartnerInd>
        <OwnershipPct>0.95</OwnershipPct>
      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>WMRBNA LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>1033 Demonbreun Suite 600</AddressLine1Txt>
          <CityNm>Nashville</CityNm>
          <StateAbbreviationCd>TN</StateAbbreviationCd>
          <ZIPCd>37203</ZIPCd>
        </USAddress>
        <EIN>472747122</EIN>
        <PrimaryActivitiesTxt>Real estate</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
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        <PredominantIncomeTypeTxt>Excluded</PredominantIncomeTypeTxt>
        <ShareOfTotalIncomeAmt>3320541</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>0</ShareOfEOYAssetsAmt>
        <DisproportionateAllocationsInd>false</DisproportionateAllocationsInd>
        <GeneralOrManagingPartnerInd>false</GeneralOrManagingPartnerInd>
        <OwnershipPct>0.95</OwnershipPct>
      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>WMR Redcar II LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>PO Box 531847</AddressLine1Txt>
          <CityNm>Los Angeles</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90053</ZIPCd>
        </USAddress>
        <EIN>812828751</EIN>
        <PrimaryActivitiesTxt>Real estate</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
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        <PredominantIncomeTypeTxt>Excluded</PredominantIncomeTypeTxt>
        <ShareOfTotalIncomeAmt>-230251</ShareOfTotalIncomeAmt>
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        <DisproportionateAllocationsInd>false</DisproportionateAllocationsInd>
        <GeneralOrManagingPartnerInd>false</GeneralOrManagingPartnerInd>
        <OwnershipPct>0.98</OwnershipPct>
      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>WMRBNA II GP</BusinessNameLine1Txt>
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        <USAddress>
          <AddressLine1Txt>1033 Demonbreun Suite 600</AddressLine1Txt>
          <CityNm>Nashville</CityNm>
          <StateAbbreviationCd>TN</StateAbbreviationCd>
          <ZIPCd>37203</ZIPCd>
        </USAddress>
        <EIN>814219211</EIN>
        <PrimaryActivitiesTxt>Real estate</PrimaryActivitiesTxt>
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        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
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        <PredominantIncomeTypeTxt>Excluded</PredominantIncomeTypeTxt>
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        <ShareOfEOYAssetsAmt>9635879</ShareOfEOYAssetsAmt>
        <DisproportionateAllocationsInd>false</DisproportionateAllocationsInd>
        <GeneralOrManagingPartnerInd>false</GeneralOrManagingPartnerInd>
        <OwnershipPct>0.95</OwnershipPct>
      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>WMRBNA Fund III Holdings LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>1033 Demonbreun Suite 600</AddressLine1Txt>
          <CityNm>Nashville</CityNm>
          <StateAbbreviationCd>TN</StateAbbreviationCd>
          <ZIPCd>37203</ZIPCd>
        </USAddress>
        <EIN>822127638</EIN>
        <PrimaryActivitiesTxt>Real estate</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
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        <PredominantIncomeTypeTxt>Excluded</PredominantIncomeTypeTxt>
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        <ShareOfEOYAssetsAmt>70633313</ShareOfEOYAssetsAmt>
        <DisproportionateAllocationsInd>false</DisproportionateAllocationsInd>
        <GeneralOrManagingPartnerInd>false</GeneralOrManagingPartnerInd>
        <OwnershipPct>0.98</OwnershipPct>
      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>BCOM Investment Partners LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>3655 Research Drive</AddressLine1Txt>
          <AddressLine2Txt>Genesis C</AddressLine2Txt>
          <CityNm>Las Cruces</CityNm>
          <StateAbbreviationCd>NM</StateAbbreviationCd>
          <ZIPCd>88003</ZIPCd>
        </USAddress>
        <EIN>472077446</EIN>
        <PrimaryActivitiesTxt>Medical school</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <PredominantIncomeTypeTxt>Unrelated</PredominantIncomeTypeTxt>
        <ShareOfTotalIncomeAmt>-9596627</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>39541735</ShareOfEOYAssetsAmt>
        <DisproportionateAllocationsInd>false</DisproportionateAllocationsInd>
        <UBICodeVAmt>-9921317</UBICodeVAmt>
        <GeneralOrManagingPartnerInd>false</GeneralOrManagingPartnerInd>
        <OwnershipPct>0.4773</OwnershipPct>
      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>WMR ACME I LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>c/o Acme WMR Ventures LLC</AddressLine1Txt>
          <AddressLine2Txt>2227 60th Avenue SE</AddressLine2Txt>
          <CityNm>Mercer Island</CityNm>
          <StateAbbreviationCd>WA</StateAbbreviationCd>
          <ZIPCd>98040</ZIPCd>
        </USAddress>
        <EIN>611779912</EIN>
        <PrimaryActivitiesTxt>Real estate</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <PredominantIncomeTypeTxt>Excluded</PredominantIncomeTypeTxt>
        <ShareOfTotalIncomeAmt>-480858</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>43215548</ShareOfEOYAssetsAmt>
        <DisproportionateAllocationsInd>false</DisproportionateAllocationsInd>
        <GeneralOrManagingPartnerInd>false</GeneralOrManagingPartnerInd>
        <OwnershipPct>0.95</OwnershipPct>
      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>WMR Falcon Ridge LLC</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>c/o William K Hoeg</AddressLine1Txt>
          <AddressLine2Txt>2029 Queen Avenue South</AddressLine2Txt>
          <CityNm>Minneapolis</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55405</ZIPCd>
        </USAddress>
        <EIN>820650932</EIN>
        <PrimaryActivitiesTxt>Real estate</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>Willliam Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <PredominantIncomeTypeTxt>Excluded</PredominantIncomeTypeTxt>
        <ShareOfTotalIncomeAmt>0</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>0</ShareOfEOYAssetsAmt>
        <DisproportionateAllocationsInd>false</DisproportionateAllocationsInd>
        <GeneralOrManagingPartnerInd>false</GeneralOrManagingPartnerInd>
        <OwnershipPct>0.95</OwnershipPct>
      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblPartnershipGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>LVA4 Co-Investment III LP</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>100 Waugh Drive Suite 600</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77007</ZIPCd>
        </USAddress>
        <EIN>475564692</EIN>
        <PrimaryActivitiesTxt>Real estate</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <PredominantIncomeTypeTxt>Excluded</PredominantIncomeTypeTxt>
        <ShareOfTotalIncomeAmt>23450</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>4707272</ShareOfEOYAssetsAmt>
        <DisproportionateAllocationsInd>false</DisproportionateAllocationsInd>
        <GeneralOrManagingPartnerInd>false</GeneralOrManagingPartnerInd>
        <OwnershipPct>0.9999</OwnershipPct>
      </IdRelatedOrgTxblPartnershipGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>Peabody Inc</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>6100 Main St</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <EIN>412049836</EIN>
        <PrimaryActivitiesTxt>Real estate title holding</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <EntityTypeTxt>C Corporation</EntityTypeTxt>
        <ShareOfTotalIncomeAmt>-22029</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>432818</ShareOfEOYAssetsAmt>
        <OwnershipPct>1</OwnershipPct>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>Charitable Remainder Trusts (58)</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>6100 Main St</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <PrimaryActivitiesTxt>Support</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>TX</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>NA</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <EntityTypeTxt>Trust</EntityTypeTxt>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>Accelerate Learning Inc</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>5177 Richmond 1025</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77056</ZIPCd>
        </USAddress>
        <EIN>464015703</EIN>
        <PrimaryActivitiesTxt>Publish electronic textbooks</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>DE</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <EntityTypeTxt>C Corporation</EntityTypeTxt>
        <ShareOfTotalIncomeAmt>-626487</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>16289756</ShareOfEOYAssetsAmt>
        <OwnershipPct>0.616</OwnershipPct>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>Charitable Remainder Trust (1)</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>6100 Main St</AddressLine1Txt>
          <CityNm>Houston</CityNm>
          <StateAbbreviationCd>TX</StateAbbreviationCd>
          <ZIPCd>77005</ZIPCd>
        </USAddress>
        <PrimaryActivitiesTxt>Support</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>CA</LegalDomicileStateCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>NA</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <EntityTypeTxt>Trust</EntityTypeTxt>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <IdRelatedOrgTxblCorpTrGrp>
        <RelatedOrganizationName>
          <BusinessNameLine1Txt>Rice School of Architecture Paris</BusinessNameLine1Txt>
        </RelatedOrganizationName>
        <ForeignAddress>
          <AddressLine1Txt>19 Rue Crozatier 75012</AddressLine1Txt>
          <CityNm>Paris</CityNm>
          <CountryCd>FR</CountryCd>
        </ForeignAddress>
        <PrimaryActivitiesTxt>Architectural Education</PrimaryActivitiesTxt>
        <LegalDomicileForeignCountryCd>FR</LegalDomicileForeignCountryCd>
        <DirectControllingEntityName>
          <BusinessNameLine1Txt>William Marsh Rice University</BusinessNameLine1Txt>
        </DirectControllingEntityName>
        <EntityTypeTxt>C Corporation</EntityTypeTxt>
        <ShareOfTotalIncomeAmt>0</ShareOfTotalIncomeAmt>
        <ShareOfEOYAssetsAmt>67384</ShareOfEOYAssetsAmt>
        <OwnershipPct>1</OwnershipPct>
        <ControlledOrganizationInd>true</ControlledOrganizationInd>
      </IdRelatedOrgTxblCorpTrGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>false</ReceiptOfIntAnntsRntsRyltsInd>
      <GiftGrntOrCapContriToOthOrgInd>true</GiftGrntOrCapContriToOthOrgInd>
      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>false</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>true</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>false</AssetSaleToOtherOrgInd>
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</Return>
