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  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2018-04-02T14:10:38-05:00</ReturnTs>
    <TaxPeriodEndDt>2017-11-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>The Ayco Company LP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>PO Box 860</AddressLine1Txt>
        <CityNm>Saratoga Springs</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>128660860</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2016-12-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>316299228</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>ROBERTS FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% BURNELL ROBERTS</InCareOfNm>
      <BusinessNameControlTxt>ROBE</BusinessNameControlTxt>
      <PhoneNum>9372991510</PhoneNum>
      <USAddress>
        <AddressLine1Txt>124 W Forrer Road</AddressLine1Txt>
        <CityNm>Dayton</CityNm>
        <StateAbbreviationCd>OH</StateAbbreviationCd>
        <ZIPCd>45419</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>BURNELL ROBERTS</PersonNm>
      <PersonTitleTxt>Trustee</PersonTitleTxt>
      <PhoneNum>5188864000</PhoneNum>
      <SignatureDt>2018-03-22</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Elizabeth VanTassel</PreparerPersonNm>
      <PTIN>P01080611</PTIN>
      <PhoneNum>5188864000</PhoneNum>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>199.29.247.15</IPv4AddressTxt>
      </IPAddress>
      <FederalOriginalSubmissionId>14257320180925000031</FederalOriginalSubmissionId>
      <FederalOriginalSubmissionIdDt>2018-04-02</FederalOriginalSubmissionIdDt>
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    <TaxYr>2016</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
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    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>1580546</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>0</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>17</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>17</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>21561</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>21561</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>41424</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>802109</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>41424</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>63002</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>63002</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSch">32433</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>32433</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>32433</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>32433</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>114250</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>114250</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>146683</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>32433</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>114250</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-83681</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>30569</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>110624</CashBOYAmt>
        <CashEOYAmt>100774</CashEOYAmt>
        <CashEOYFMVAmt>100774</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>73460</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>64122</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>64122</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>896189</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestCorpStockSch">912005</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1378156</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>116332</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="InvestCorpBondsSch">36023</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>37494</CorporateBondsEOYFMVAmt>
        <TotalAssetsBOYAmt>1196605</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>1112924</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1580546</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <CapitalStockBOYAmt>1196605</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>1112924</CapitalStockEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1196605</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>1112924</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1196605</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>1112924</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1196605</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-83681</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>1112924</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>1112924</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES MS 310</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>700713</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>660488</CostOrOtherBasisAmt>
          <GainOrLossAmt>40225</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>40225</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES MS 839</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>101396</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>100197</CostOrOtherBasisAmt>
          <GainOrLossAmt>1199</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1199</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>41424</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>56250</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>1333484</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.042183</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>149861</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>1525579</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.098232</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>99437</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>1570994</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.063296</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>74250</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>1508475</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.049222</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>70547</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>1469525</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.048007</DistributionYr5Rt>
        <TotalDistributionRt>0.30094</TotalDistributionRt>
        <AverageDistributionRt>0.060188</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>1430279</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>86086</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>306</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>86392</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>114250</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>306</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>306</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>306</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>437</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>437</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>131</OverpaymentAmt>
        <AppliedToESTaxAmt>131</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd referenceDocumentId="BinaryAttach">false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd referenceDocumentId="BinaryAttach">false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd referenceDocumentId="BinaryAttach">false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>OH</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>n/a</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>BURNELL ROBERTS</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>9372991510</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>124 W FORRER ROAD</AddressLine1Txt>
          <CityNm>dayton</CityNm>
          <StateAbbreviationCd>OH</StateAbbreviationCd>
          <ZIPCd>45419</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>burnell r roberts</PersonNm>
          <USAddress>
            <AddressLine1Txt>124 W Forrer Road</AddressLine1Txt>
            <CityNm>Dayton</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>45419</ZIPCd>
          </USAddress>
          <TitleTxt>trustee - as needed</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>karen r roberts</PersonNm>
          <USAddress>
            <AddressLine1Txt>124 W Forrer Road</AddressLine1Txt>
            <CityNm>Dayton</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>45419</ZIPCd>
          </USAddress>
          <TitleTxt>trustee - as needed</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Mark A Conway</PersonNm>
          <USAddress>
            <AddressLine1Txt>Thompson Hine</AddressLine1Txt>
            <CityNm>Dayton</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>453424934</ZIPCd>
          </USAddress>
          <TitleTxt>trustee - as needed</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECT CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT</Description1Txt>
        <Description2Txt>UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).</Description2Txt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1278721</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>173339</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1452060</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1452060</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>21781</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1430279</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>71514</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>71514</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>306</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>306</TotalTaxAmt>
        <DistributableBeforeAdjAmt>71208</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>71208</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>71208</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>114250</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>114250</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>306</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>113944</AdjustedQualifyingDistriAmt>
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      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>71208</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2014</PriorYear1Yr>
        <PriorYear2Yr>2013</PriorYear2Yr>
        <PriorYear3Yr>2012</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
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        <TotalExcessDistributionCyovAmt>19002</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>114250</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>71208</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>43042</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>62044</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>62044</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>19002</ExcessFromYear2Amt>
        <ExcessFromCurrentYearAmt>43042</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp />
      <SupplementaryInformationGrp>
        <ContributingManagerNm>BURNELL R ROBERTS</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>various (see attachment)</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>various</AddressLine1Txt>
            <CityNm>dayton</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>45419</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>none 501(c)(3)</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>general charitable purposes</GrantOrContributionPurposeTxt>
          <Amt>114250</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>114250</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>17</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>21561</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>41424</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>63002</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>63002</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>n/a</LineNumberTxt>
          <RelationshipStatementTxt>Not Applicable</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorporateBondsGrp>
        <BondNm>MORGAN STANLEY #839</BondNm>
        <EOYBookValueAmt>36023</EOYBookValueAmt>
        <EOYFMVAmt>37494</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY #310</StockNm>
        <EOYBookValueAmt>912005</EOYBookValueAmt>
        <EOYFMVAmt>1378156</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>32433</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>32433</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX PAID</CategoryTxt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>