﻿<?xml version="1.0" encoding="utf-8"?>
<Return xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2016v3.0" xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-08-10T08:03:10-05:00</ReturnTs>
    <TaxPeriodEndDt>2016-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>410746749</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>CLIFTONLARSONALLEN LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1301 W 22ND ST STE 1100</AddressLine1Txt>
        <CityNm>OAK BROOK</CityNm>
        <StateAbbreviationCd>IL</StateAbbreviationCd>
        <ZIPCd>60523</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2016-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>452430087</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE HENRY M PAULSON JR INSTITUTE</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>HENR</BusinessNameControlTxt>
      <PhoneNum>3124508205</PhoneNum>
      <USAddress>
        <AddressLine1Txt>5711 S WOODLAWN AVENUE</AddressLine1Txt>
        <CityNm>CHICAGO</CityNm>
        <StateAbbreviationCd>IL</StateAbbreviationCd>
        <ZIPCd>60637</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>HENRY M PAULSON JR</PersonNm>
      <PersonTitleTxt>EXECUTIVE DIRECTOR</PersonTitleTxt>
      <PhoneNum>3124508205</PhoneNum>
      <SignatureDt>2017-08-04</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>GREGORY S ADAMS</PreparerPersonNm>
      <PTIN>P00095597</PTIN>
      <PhoneNum>6305738600</PhoneNum>
      <PreparationDt>2017-08-04</PreparationDt>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>67.137.57.251</IPv4AddressTxt>
      </IPAddress>
      <IPDt>2017-08-04</IPDt>
      <IPTm>14:36:08</IPTm>
      <IPTimezoneCd>CD</IPTimezoneCd>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>082ACE2F511E36C30C0E31AD8E141AA6B2332ED9</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>B0B82EE3E858863B5AFDA9227FC05760300C7D48</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2016</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="9">
    <IRS990PF documentId="RetDoc1235000001">
      <InitialReturnFormerPubChrtyInd>X</InitialReturnFormerPubChrtyInd>
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>14419330</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>10366526</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>7686</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>7686</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>7686</InterestOnSavingsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>2924</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>1002924</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>1002924</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>0</NetSTCapitalGainAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc2001500001">806394</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>0</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>806394</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>11183530</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>1010610</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>814080</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>567458</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>56746</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstAdjNetIncmAmt>0</CompOfcrDirTrstAdjNetIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>343085</CompOfcrDirTrstDsbrsChrtblAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>2577810</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>257781</OthEmplSlrsWgsNetInvstIncmAmt>
        <OthEmplSlrsWgsAdjNetIncmAmt>260535</OthEmplSlrsWgsAdjNetIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>1298006</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>384616</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>38462</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftAdjNetIncmAmt>0</PensionEmplBnftAdjNetIncmAmt>
        <PensionEmplBnftDsbrsChrtblAmt>220946</PensionEmplBnftDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002100001">45146</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>4515</LegalFeesNetInvstIncmAmt>
        <LegalFeesAdjNetIncmAmt>0</LegalFeesAdjNetIncmAmt>
        <LegalFeesDsbrsChrtblAmt>0</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">89436</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>8944</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>0</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">1109033</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>0</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesAdjNetIncmAmt>162266</OtherProfFeesAdjNetIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>340397</OtherProfFeesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt>58333</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnNetInvstIncmAmt>0</DeprecAndDpltnNetInvstIncmAmt>
        <DeprecAndDpltnAdjNetIncmAmt>0</DeprecAndDpltnAdjNetIncmAmt>
        <OccupancyRevAndExpnssAmt>231333</OccupancyRevAndExpnssAmt>
        <OccupancyNetInvstIncmAmt>23133</OccupancyNetInvstIncmAmt>
        <OccupancyAdjNetIncmAmt>0</OccupancyAdjNetIncmAmt>
        <OccupancyDsbrsChrtblAmt>11645</OccupancyDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>832762</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>83276</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingAdjNetIncmAmt>108814</TravConfMeetingAdjNetIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>409323</TravConfMeetingDsbrsChrtblAmt>
        <PrintingAndPubRevAndExpnssAmt>27537</PrintingAndPubRevAndExpnssAmt>
        <PrintingAndPubNetInvstIncmAmt>2758</PrintingAndPubNetInvstIncmAmt>
        <PrintingAndPubAdjNetIncmAmt>0</PrintingAndPubAdjNetIncmAmt>
        <PrintingAndPubDsbrsChrtblAmt>6420</PrintingAndPubDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">439821</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>43981</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>0</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>144643</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>6363285</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>519596</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>531615</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>2774465</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>250000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>250000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>6613285</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>519596</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>531615</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>3024465</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>4570245</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>491014</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>282465</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>2529282</CashBOYAmt>
        <CashEOYAmt>9417184</CashEOYAmt>
        <CashEOYFMVAmt>9417184</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>1509477</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>2020870</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>2020870</SavAndTempCashInvstEOYFMVAmt>
        <PledgesRcvblAmt>2500000</PledgesRcvblAmt>
        <PledgesRcvblBOYAmt>5950000</PledgesRcvblBOYAmt>
        <PledgesRcvblEOYAmt>2500000</PledgesRcvblEOYAmt>
        <PledgesRcvblEOYFMVAmt>2500000</PledgesRcvblEOYFMVAmt>
        <PrepaidExpensesBOYAmt>279528</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>294125</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>294125</PrepaidExpensesEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>324796</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>172514</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>88901</LandBOYAmt>
        <LandEOYAmt>152282</LandEOYAmt>
        <LandEOYFMVAmt>152282</LandEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc2046600001">32000</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc2046600001">34869</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc2046600001">34869</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>10389188</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>14419330</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>14419330</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>260779</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>265047</AccountsPayableEOYAmt>
        <GrantsPayableBOYAmt>930042</GrantsPayableBOYAmt>
        <GrantsPayableEOYAmt>385671</GrantsPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>1190821</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>650718</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>3248367</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>11268612</UnrestrictedEOYAmt>
        <TemporarilyRestrictedBOYAmt>5950000</TemporarilyRestrictedBOYAmt>
        <TemporarilyRestrictedEOYAmt>2500000</TemporarilyRestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>9198367</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>13768612</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>10389188</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>14419330</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>9198367</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>4570245</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>13768612</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>13768612</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICALY TRADED SECURITIES</PropertyDesc>
          <AcquiredDt>2016-03-20</AcquiredDt>
          <SoldDt>2016-03-21</SoldDt>
          <GrossSalesPriceAmt>1002924</GrossSalesPriceAmt>
          <GainOrLossAmt>1002924</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1002924</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>1002924</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>0</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>9820</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>9820</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>9820</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>10131</EstimatedPlusOvpmtIncmTxAmt>
        <AppliedToEsTaxAmt>212</AppliedToEsTaxAmt>
        <TotalPaymentsAndCreditsAmt>10343</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>292</EsPenaltyAmt>
        <OverpaymentAmt>231</OverpaymentAmt>
        <AppliedToESTaxAmt>231</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>IL</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>CT</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>MA</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>NE</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>1</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd referenceDocumentId="RetDoc2089200001">1</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>WWW.PAULSONINSTITUTE.ORG</WebsiteAddressTxt>
        <IndividualWithBooksNm>JENNIFER KELLOGG</IndividualWithBooksNm>
        <PhoneNum>7737021739</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>5711 S WOODLAWN AVENUE</AddressLine1Txt>
          <CityNm>CHICAGO</CityNm>
          <StateAbbreviationCd>IL</StateAbbreviationCd>
          <ZIPCd>60637</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>1</ForeignAccountsQuestionInd>
        <ForeignCountryCd>CH</ForeignCountryCd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>1</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>0</ActsFailToQlfyAsExceptionsInd>
        <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>HENRY M PAULSON JR</PersonNm>
          <USAddress>
            <AddressLine1Txt>5711 SOUTH WOODLAWN AVENUE</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60637</ZIPCd>
          </USAddress>
          <TitleTxt>CHAIRMAN</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>20.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>WENDY PAULSON</PersonNm>
          <USAddress>
            <AddressLine1Txt>5711 SOUTH WOODLAWN AVENUE</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60637</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN ROGERS</PersonNm>
          <USAddress>
            <AddressLine1Txt>5711 SOUTH WOODLAWN AVENUE</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60637</ZIPCd>
          </USAddress>
          <TitleTxt>VP, TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>EVAN FEIGENBAUM</PersonNm>
          <USAddress>
            <AddressLine1Txt>5711 SOUTH WOODLAWN AVENUE</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60637</ZIPCd>
          </USAddress>
          <TitleTxt>VICE CHAIRMAN</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>292583</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CYNTHIA ZELTWANGER</PersonNm>
          <USAddress>
            <AddressLine1Txt>5711 SOUTH WOODLAWN AVENUE</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60637</ZIPCd>
          </USAddress>
          <TitleTxt>EXECUTIVE DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>274875</CompensationAmt>
          <EmployeeBenefitProgramAmt>10600</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>KEVIN MO</PersonNm>
          <USAddress>
            <AddressLine1Txt>5711 SOUTH WOODLAWN AVENUE</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60637</ZIPCd>
          </USAddress>
          <TitleTxt>MANAGING DIR. CLIMAT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>209556</CompensationAmt>
          <EmployeeBenefitsAmt>0</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>KATHERINE GORDON</PersonNm>
          <USAddress>
            <AddressLine1Txt>5711 SOUTH WOODLAWN AVENUE</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60637</ZIPCd>
          </USAddress>
          <TitleTxt>VC CLIMATE SUST. URB</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>196932</CompensationAmt>
          <EmployeeBenefitsAmt>8617</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>HONGWEI NIU</PersonNm>
          <USAddress>
            <AddressLine1Txt>5711 SOUTH WOODLAWN AVENUE</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60637</ZIPCd>
          </USAddress>
          <TitleTxt>CHIEF CONSERVATION O</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>182062</CompensationAmt>
          <EmployeeBenefitsAmt>8080</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>DORINDA ELLIOTT</PersonNm>
          <USAddress>
            <AddressLine1Txt>5711 SOUTH WOODLAWN AVENUE</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60637</ZIPCd>
          </USAddress>
          <TitleTxt>EDITORIAL &amp; COMM. DI</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>181949</CompensationAmt>
          <EmployeeBenefitsAmt>8000</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>DAMIEN MA</PersonNm>
          <USAddress>
            <AddressLine1Txt>5711 SOUTH WOODLAWN AVENUE</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60637</ZIPCd>
          </USAddress>
          <TitleTxt>FELLOW &amp; ASSOC. DIRE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>152695</CompensationAmt>
          <EmployeeBenefitsAmt>6600</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <OtherEmployeePaidOver50kCnt>6</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BASILINNA LLC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>1875 CONNECTICUT AVE NW 11TH FLOOR</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20009</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>CONSULTING</ServiceTypeTxt>
          <CompensationAmt>240000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BLU SKYE VENTURES</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>706 HEALDSBURG AVE</AddressLine1Txt>
            <CityNm>HEALDSBURG</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>95448</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>SUSTAINABLE STRATEGY DEVELOPMENT</ServiceTypeTxt>
          <CompensationAmt>154800</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>MCKINSEY &amp; COMPANY</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>2711 CENTERVILLE ROAD SUITE 400</AddressLine1Txt>
            <CityNm>WILMINGTON</CityNm>
            <StateAbbreviationCd>DE</StateAbbreviationCd>
            <ZIPCd>19808</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>ENERGY TRASITIONS</ServiceTypeTxt>
          <CompensationAmt>150000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>BSSI2</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>35 AZTEC COURT</AddressLine1Txt>
            <CityNm>SOUTH BARRINGTON</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60010</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>IT SERVICES</ServiceTypeTxt>
          <CompensationAmt>115305</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>PAULSON OFFICE</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>401 N MICHIGAN AVENUE 3100</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60611</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>STAFFING</ServiceTypeTxt>
          <CompensationAmt>113344</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>10</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>CLIMATE AND SUSTAINABLE URBANIZATION THE INSTITUTE IS WORKING TO HELP CHINA ACHIEVE ITS GOALS TO REDUCE CARBON EMISSIONS AND IMPLEMENT A TRANSITION TO A MORE SUSTAINABLE ECONOMIC MODEL WHILE IT STRIVES TO RESHAPE ITS ECONOMY. UNDER THIS PROGRAM, THE INSTITUTE CONDUCTS RESEARCH THROUGH ITS BEJING-BASED TEAM AS WELL AS SPONSORS THE MAYORS TRAINING PROGRAM AND HOLDS ITS SUSTAINABILITY CONFERENCE ANNUALLY IN CHINA. THE PAULSON PRIZE FOR SUSTAINABLE CITIES IS AWARDED UNDER THIS PROGRAM AS WELL TO A PROJECT IN CHINA THAT WILL HELP IN ACHIEVING CHINA'S GOALS OF SUSTAINABLE URBANIZATION.</Description1Txt>
        <Expenses1Amt>1326752</Expenses1Amt>
        <Description2Txt>CONSERVATIONTHE UNPARALLELED SCALE AND SPEED OF INDUSTRIALIZATION AND URBANIZATION IN CHINA OVER THE LAST 30 YEARS HAS LED TO UNPRECEDENTED ECONOMIC GROWTH. THIS PROGRESS HAS TAKEN A TOLL ON THE NATION'S ENVIRONMENT AND BIODIVERSITY. FORTUNATELY, CHINA'S LEADERS AND THE CHINESE PUBLIC INCREASINGLY RECOGNIZE THE NEED TO BALANCE ECONOMIC GROWTH AND CONSERVATION. THE RECOGNITION THAT ECONOMIC GROWTH AND CONSERVATION ARE TWO SIDES OF THE SAME COIN PRESENTS AN OPPORTUNITY FOR THE INSTITUTE TO SUPPORT CHINA IN MAKING MARKED PROGRESS IN THE AREA OF CONSERVATION. THE INSTITUTE'S PROGRAM ON CONSERVATION FOCUSES ON WETLANDS IN CHINA, ESTABLISHING A NATIONAL PARKS SYSTEM FOR CHINA, AND FOSTERING SUSTAINABLE SOURCING OF COMMODITIES BY CHINA.</Description2Txt>
        <Expenses2Amt>687909</Expenses2Amt>
        <Description3Txt>CEO COUNCILTHE INSTITUTE'S UNITED STATES AND CHINA CEO COUNCIL IS A MULTI-INDUSTRY PLATFORM FOR ACTION THAT CONVENES TOP AMERICAN AND CHINESE CEOS WITH THE AIM TO HARNESS THE POWER OF BUSINESS TO SUPPORT CHINA'S EFFORTS TO ACHIEVE ITS URBANIZATION GOALS IN A SUSTAINABLE WAY.</Description3Txt>
        <Expenses3Amt>531615</Expenses3Amt>
        <Description4Txt>THINK TANKTHE INSTITUTE'S "VIRTUAL" THINK TANK PUBLISHES SCHOLARLY PAPERS AND CASE STUDIES FROM LEADING SCHOLARS ON IMPORTANT ECONOMIC ISSUES FACING CHINA (OR CHINA'S RELATIONSHIP WITH THE WORLD ECONOMY) TODAY. THE INSTITUTE'S PAPERS OFFER PRACTICAL POLICY AND BUSINESS IDEAS AND PRESCRIPTIONS. THE INSTITUTE'S PUBLICATIONS FOCUS ON A RANGE OF MACRO-ECONOMIC ISSUES IN CHINA AS WELL AS CASE STUDIES REGARDING CHINESE INVESTMENT IN THE UNITED STATES.</Description4Txt>
        <Expenses4Amt>518082</Expenses4Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>0</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>8677672</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>8677672</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>8677672</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>130165</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>8547507</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>427375</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>3024465</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>3024465</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>3024465</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <PrivateOperatingFoundationsGrp>
        <PrivateOperatingFndtnRulingDt>2016-11-01</PrivateOperatingFndtnRulingDt>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>282465</CurrentYearAmt>
          <Year1Amt>0</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>282465</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <CurrentYearAmt>240095</CurrentYearAmt>
          <Year1Amt>0</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>240095</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>3024465</CurrentYearAmt>
          <Year1Amt>0</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>3024465</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriNotUsedDrtGrp>
          <CurrentYearAmt>0</CurrentYearAmt>
          <Year1Amt>0</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>0</TotalAmt>
        </QualifyingDistriNotUsedDrtGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>3024465</CurrentYearAmt>
          <Year1Amt>0</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>3024465</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TotalAssetsGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsGrp>
        <TotalAssetsSect4942j3BiGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsSect4942j3BiGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>284917</CurrentYearAmt>
          <Year1Amt>0</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>284917</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
        <TotalSupportGrp>
          <TotalAmt>0</TotalAmt>
        </TotalSupportGrp>
        <PublicSupportType>
          <TotalAmt>0</TotalAmt>
        </PublicSupportType>
        <LargestSupportFromEOGrp>
          <TotalAmt>0</TotalAmt>
        </LargestSupportFromEOGrp>
        <GrossInvestmentIncomeGrp>
          <TotalAmt>0</TotalAmt>
        </GrossInvestmentIncomeGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>HENRY M PAULSON JR</ContributingManagerNm>
        <ContributingManagerNm>WENDY PAULSON</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>UNIVERSITY OF CHICAGO</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5801 S ELLIS AVENUE</AddressLine1Txt>
            <CityNm>CHICAGO</CityNm>
            <StateAbbreviationCd>IL</StateAbbreviationCd>
            <ZIPCd>60637</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>LECTURE SERIES</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>YIFEI JIA</RecipientPersonNm>
          <RecipientForeignAddress>
            <AddressLine1Txt>138 WANG FU JING STREET</AddressLine1Txt>
            <CityNm>DONGCHENG DISTRTICT</CityNm>
            <ProvinceOrStateNm>BEIJING</ProvinceOrStateNm>
            <CountryCd>CH</CountryCd>
          </RecipientForeignAddress>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONSULTING FOR WETLAND MANAGEMENT TRAINING COURSE</GrantOrContributionPurposeTxt>
          <Amt>7123</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WORLDWIDE FUND FOR NATURE HONG KONG</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>8 KWAI CHEONG ROAD</AddressLine1Txt>
            <CityNm>KWAI CHUN</CityNm>
            <ProvinceOrStateNm>NEW TERRITORIES</ProvinceOrStateNm>
            <CountryCd>HK</CountryCd>
          </RecipientForeignAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESPONSIBLE SOY</GrantOrContributionPurposeTxt>
          <Amt>59702</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE NATURE CONSERVANCY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1101 W RIVER PARKWAY 200</AddressLine1Txt>
            <CityNm>MINNEAPOLIS</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55415</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESPONSIBLE SOY</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>WORLD WILDLIFE FUND INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1250 24TH STREET NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20037</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>WETLAND MANAGEMENT TRAINING COURSE</GrantOrContributionPurposeTxt>
          <Amt>117360</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SOLIDARIDAD GREATER CHINA LIMITED</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>ROOM 208 MIYANG PLAZA YONGAN DONGLI</AddressLine1Txt>
            <CityNm>CHAOYANG DISTRICT</CityNm>
            <ProvinceOrStateNm>BEIJING</ProvinceOrStateNm>
            <CountryCd>CH</CountryCd>
          </RecipientForeignAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESPONSIBLE SOY</GrantOrContributionPurposeTxt>
          <Amt>199114</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GLOBAL ECONOMIC GOVERNANCE INITIATIVE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>121 BAY STATE ROAD</AddressLine1Txt>
            <CityNm>BOSTON</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02215</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHALLENGES AND OPPORTUNITIES FOR CHINA'S DEVELOPMENT BANKS.</GrantOrContributionPurposeTxt>
          <Amt>21673</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>804972</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <MembershipDuesAndAssmntGrp>
          <RelatedOrExemptFunctionIncmAmt>800000</RelatedOrExemptFunctionIncmAmt>
        </MembershipDuesAndAssmntGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>7686</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>2924</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>OTHER INCOME</Desc>
          <ExclusionCd>01</ExclusionCd>
          <ExclusionAmt>6394</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>17004</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>800000</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>817004</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>3</LineNumberTxt>
          <RelationshipStatementTxt>PAYMENTS FROM CEO COUNCIL MEMBERS</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>BOBOLINK FOUNDATION</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>180 N STETSON AVE SUITE 2550</AddressLine1Txt>
          <CityNm>CHICAGO</CityNm>
          <StateAbbreviationCd>IL</StateAbbreviationCd>
          <ZIPCd>60601</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>2000000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>DALIO FOUNDATION</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>ONE GLENDINNING PLACE</AddressLine1Txt>
          <CityNm>WESTPORT</CityNm>
          <StateAbbreviationCd>CT</StateAbbreviationCd>
          <ZIPCd>06880</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>2650000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>3</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>NIMBUS DEVELOPMENT INC</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>400 SOUTH EL CAMINO REAL 4TH FL</AddressLine1Txt>
          <CityNm>SAN MATEO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94402</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>1000000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>4</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>WARREN BUFFETT</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>3555 FARNAM ST</AddressLine1Txt>
          <CityNm>OMAHA</CityNm>
          <StateAbbreviationCd>NE</StateAbbreviationCd>
          <ZIPCd>68131</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>1000000</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>5</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>ENERGY FOUNDATION</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>301 BATTERY STREET 5TH FL</AddressLine1Txt>
          <CityNm>SAN FRANCISCO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94111</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>90000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>6</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>GRANTHAM FOUNDATION</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>40 ROWES WHARF</AddressLine1Txt>
          <CityNm>BOSTON</CityNm>
          <StateAbbreviationCd>MA</StateAbbreviationCd>
          <ZIPCd>02110</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>2000000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>7</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>HYATT HOTELS</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>71 S WACKER DR</AddressLine1Txt>
          <CityNm>CHICAGO</CityNm>
          <StateAbbreviationCd>IL</StateAbbreviationCd>
          <ZIPCd>60606</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>101526</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>8</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>KENNETH GRIFFIN</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>131 S DEARBORN ST 3200</AddressLine1Txt>
          <CityNm>CHICAGO</CityNm>
          <StateAbbreviationCd>IL</StateAbbreviationCd>
          <ZIPCd>60603</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>1000000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>9</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>CROWN FAMILY</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>222 NORTH LASALLE STREET</AddressLine1Txt>
          <CityNm>CHICAGO</CityNm>
          <StateAbbreviationCd>IL</StateAbbreviationCd>
          <ZIPCd>60601</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>250000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>4</ContributorNum>
        <NoncashPropertyDesc>BERKSHIRE HATHAWAY SHARES OF COMMON STOCK.</NoncashPropertyDesc>
        <FairMarketValueAmt>1000000</FairMarketValueAmt>
        <ReceivedDt>2016-03-21</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING</CategoryTxt>
        <Amt>89436</Amt>
        <NetInvestmentIncomeAmt>8944</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL</CategoryTxt>
        <LegalFeesAmt>45146</LegalFeesAmt>
        <NetInvestmentIncomeAmt>4515</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>SECURITY DEPOSIT</Desc>
        <BOYBookValueAmt>32000</BOYBookValueAmt>
        <EOYBookValueAmt>34869</EOYBookValueAmt>
        <EOYFMVAmt>34869</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>IT</Desc>
        <RevenueAndExpensesPerBooksAmt>149406</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>14941</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5405</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TRANSLATION AND TRANSCRIPTION</Desc>
        <RevenueAndExpensesPerBooksAmt>127540</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>12754</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>88070</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>67651</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6765</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>33050</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>6913</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>691</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1992</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>25582</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2558</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE AND PRINTING</Desc>
        <RevenueAndExpensesPerBooksAmt>44501</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>4450</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>16066</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SUBSCRIPTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>18228</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1822</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>60</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>OTHER INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>6394</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>6394</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>MEMBERSHIP DUES AND ASSESSMENTS</Desc>
        <RevenueAndExpensesPerBooksAmt>800000</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>800000</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CONSULTING</CategoryTxt>
        <Amt>120435</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>96670</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER CONSULTING SERVICES</CategoryTxt>
        <Amt>988598</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>162266</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>243727</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <SubstantialContributorsSch documentId="RetDoc2089200001">
      <SubstantialContributorDetail>
        <PersonNm>KENNETH GRIFFIN</PersonNm>
        <USAddress>
          <AddressLine1Txt>131 S DEARBORN ST 3200</AddressLine1Txt>
          <CityNm>CHICAGO</CityNm>
          <StateAbbreviationCd>IL</StateAbbreviationCd>
          <ZIPCd>60603</ZIPCd>
        </USAddress>
      </SubstantialContributorDetail>
    </SubstantialContributorsSch>
  </ReturnData>
</Return>