﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2014v6.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2016-09-14T13:34:58-05:00</ReturnTs>
    <TaxPeriodEndDt>2015-10-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Foundation Source</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>One Hollow Ln Ste 212</AddressLine1Txt>
        <CityNm>Lake Success</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>11042</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2014-11-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>770359520</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>The Corrigan-Walla Foundation</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% Foundation Source</InCareOfNm>
      <BusinessNameControlTxt>CORR</BusinessNameControlTxt>
      <PhoneNum>8008391754</PhoneNum>
      <USAddress>
        <AddressLine1Txt>Foundation Source 501 Silverside Rd</AddressLine1Txt>
        <CityNm>Wilmington</CityNm>
        <StateAbbreviationCd>DE</StateAbbreviationCd>
        <ZIPCd>198091377</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Sean Corrigan</PersonNm>
      <PersonTitleTxt>Treasurer</PersonTitleTxt>
      <PhoneNum>8008391754</PhoneNum>
      <SignatureDt>2016-09-01</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Jeffrey D Haskell</PreparerPersonNm>
      <PTIN>P01345770</PTIN>
      <PhoneNum>8008391754</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2014</TaxYr>
    <BuildTS>2017-02-10 21:41:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>6351436</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>0</ContriRcvdRevAndExpnssAmt>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>487</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>487</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>180719</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>180719</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>269616</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>473466</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>269616</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSch2">211752</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>377</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>662574</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>451199</TotalNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">8800</TaxesRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSch">32815</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>417</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>30439</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>41615</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>417</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>30439</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>70000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>70000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>111615</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>417</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>100439</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>550959</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>450782</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>1321014</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>1507641</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>1507641</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>3859596</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestCorpStockSch">4223928</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>4843795</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>5180610</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>5731569</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>6351436</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <RetainedEarningBOYAmt>5180610</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>5731569</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>5180610</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>5731569</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>5180610</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>5731569</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>5180610</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>550959</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>5731569</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>5731569</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Publicly-traded Securities</PropertyDesc>
          <GrossSalesPriceAmt>473466</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>29</CostOrOtherBasisAmt>
          <GainOrLossAmt>473437</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>473437</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>SEC 751 GAIN ON SALE OF PTSHIP RECLASS</PropertyDesc>
          <GainOrLossAmt>-203821</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>269616</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>282181</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>6083109</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.046388</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>254386</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>5488138</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.046352</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>220270</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>5415734</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.040672</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>73675</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>5146624</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.014315</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>61000</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>4439029</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.013742</DistributionYr5Rt>
        <TotalDistributionRt>0.161469</TotalDistributionRt>
        <AverageDistributionRt>0.032294</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>6271518</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>202532</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>4508</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>207040</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>100439</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>9016</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>9016</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>9016</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>10600</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>10600</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <OverpaymentAmt>1584</OverpaymentAmt>
        <AppliedToESTaxAmt>1584</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>true</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>true</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>Foundation Source</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>8008391754</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>501 Silverside Road Suite 123</AddressLine1Txt>
          <CityNm>Wilmington</CityNm>
          <StateAbbreviationCd>DE</StateAbbreviationCd>
          <ZIPCd>198091377</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>
        <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>Elsa Corrigan</PersonNm>
          <USAddress>
            <AddressLine1Txt>Foundation Source 501 Silverside Rd</AddressLine1Txt>
            <CityNm>Wilmington</CityNm>
            <StateAbbreviationCd>DE</StateAbbreviationCd>
            <ZIPCd>198091377</ZIPCd>
          </USAddress>
          <TitleTxt>Dir</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Erik Corrigan</PersonNm>
          <USAddress>
            <AddressLine1Txt>Foundation Source 501 Silverside Rd</AddressLine1Txt>
            <CityNm>Wilmington</CityNm>
            <StateAbbreviationCd>DE</StateAbbreviationCd>
            <ZIPCd>198091377</ZIPCd>
          </USAddress>
          <TitleTxt>Dir / Sec</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Sean Corrigan</PersonNm>
          <USAddress>
            <AddressLine1Txt>Foundation Source 501 Silverside Rd</AddressLine1Txt>
            <CityNm>Wilmington</CityNm>
            <StateAbbreviationCd>DE</StateAbbreviationCd>
            <ZIPCd>198091377</ZIPCd>
          </USAddress>
          <TitleTxt>Dir / Treas</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Wilfred James Corrigan</PersonNm>
          <USAddress>
            <AddressLine1Txt>Foundation Source 501 Silverside Rd</AddressLine1Txt>
            <CityNm>Wilmington</CityNm>
            <StateAbbreviationCd>DE</StateAbbreviationCd>
            <ZIPCd>198091377</ZIPCd>
          </USAddress>
          <TitleTxt>Pres / Dir</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>4946492</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1420531</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>6367023</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>6367023</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>95505</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>6271518</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>313576</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>313576</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>9016</TaxBasedOnInvestmentIncomeAmt>
        <IncomeTaxAmt>45948</IncomeTaxAmt>
        <TotalTaxAmt>54964</TotalTaxAmt>
        <DistributableBeforeAdjAmt>258612</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>258612</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>258612</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>100439</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>100439</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>100439</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>258612</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>18512</UndistributedIncomePYAmt>
        <PriorYear1Yr>2012</PriorYear1Yr>
        <PriorYear2Yr>2011</PriorYear2Yr>
        <PriorYear3Yr>2010</PriorYear3Yr>
        <QualifyingDistributionsAmt>100439</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>18512</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>81927</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>176685</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
        <ExcessFromCurrentYearAmt>0</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp />
      <SupplementaryInformationGrp>
        <ContributingManagerNm>Wilfred James Corrigan</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FAMILY RESOURCE CENTER OF TRUCKEE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 9178</AddressLine1Txt>
            <CityNm>TRUCKEE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>96162</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General &amp; Unrestricted</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KAINOS HOME &amp; TRAINING CTR FOR THE DEVELOPMENTALLY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3631 JEFFERSON AVE</AddressLine1Txt>
            <CityNm>REDWOOD CITY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94062</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General &amp; Unrestricted</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>LUCILE SALTER PACKARD CHILDRENS HOSPITAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>725 WELCH RD</AddressLine1Txt>
            <CityNm>PALO ALTO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94304</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General &amp; Unrestricted</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MENLO SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>50 VALPARAISO AVE</AddressLine1Txt>
            <CityNm>ATHERTON</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94027</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General &amp; Unrestricted</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SHANE MCCONKEY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 3666</AddressLine1Txt>
            <CityNm>OLYMPIC VLY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>96146</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General &amp; Unrestricted</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SIERRA BUSINESS COUNCIL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 2428</AddressLine1Txt>
            <CityNm>TRUCKEE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>96160</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Truckee Roundhouse</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>70000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>487</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>180719</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>269616</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>K-1 Inc/Loss</Desc>
          <BusinessCd>525990</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>7426</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>377</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Federal Tax Refund</Desc>
          <ExclusionCd>01</ExclusionCd>
          <ExclusionAmt>128</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>SECTION 751 GAIN ON SALE OF PARTNERSHIP</Desc>
          <BusinessCd>525990</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>203821</UnrelatedBusinessTaxblIncmAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>211247</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>451327</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>662574</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <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" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>AMEREN CORPORATION</StockNm>
        <EOYBookValueAmt>100665</EOYBookValueAmt>
        <EOYFMVAmt>87360</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ATMOS ENERGY CORP</StockNm>
        <EOYBookValueAmt>40911</EOYBookValueAmt>
        <EOYFMVAmt>94500</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BLACKROCK BUILD AMERICA BD T</StockNm>
        <EOYBookValueAmt>48680</EOYBookValueAmt>
        <EOYFMVAmt>44769</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BRISTOL-MYERS SQUIBB CO</StockNm>
        <EOYBookValueAmt>201715</EOYBookValueAmt>
        <EOYFMVAmt>342940</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CHUNGHWA TELECOM</StockNm>
        <EOYBookValueAmt>199833</EOYBookValueAmt>
        <EOYFMVAmt>265189</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COCA-COLA CO</StockNm>
        <EOYBookValueAmt>176493</EOYBookValueAmt>
        <EOYFMVAmt>254100</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COMMUNICATIONS SALES AND LEASI</StockNm>
        <EOYBookValueAmt>78749</EOYBookValueAmt>
        <EOYFMVAmt>32224</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL ELECTRIC CO</StockNm>
        <EOYBookValueAmt>192601</EOYBookValueAmt>
        <EOYFMVAmt>144600</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HALYARD HEALTH, INC</StockNm>
        <EOYBookValueAmt>7734</EOYBookValueAmt>
        <EOYFMVAmt>7420</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HAWAIIAN ELEC INDS</StockNm>
        <EOYBookValueAmt>107688</EOYBookValueAmt>
        <EOYFMVAmt>146300</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JOHNSON &amp; JOHNSON</StockNm>
        <EOYBookValueAmt>445689</EOYBookValueAmt>
        <EOYFMVAmt>656696</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KIMBERLY CLARK CORP</StockNm>
        <EOYBookValueAmt>178528</EOYBookValueAmt>
        <EOYFMVAmt>239420</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KINDER MORGAN INC</StockNm>
        <EOYBookValueAmt>364345</EOYBookValueAmt>
        <EOYFMVAmt>239914</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KRAFT HEINZ CO</StockNm>
        <EOYBookValueAmt>202294</EOYBookValueAmt>
        <EOYFMVAmt>311880</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>M&amp;T BANK CORP</StockNm>
        <EOYBookValueAmt>172641</EOYBookValueAmt>
        <EOYFMVAmt>136150</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MERCK &amp; CO INC</StockNm>
        <EOYBookValueAmt>247043</EOYBookValueAmt>
        <EOYFMVAmt>273300</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PFIZER INC</StockNm>
        <EOYBookValueAmt>195815</EOYBookValueAmt>
        <EOYFMVAmt>236740</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>POWERSHARES BUILD AMERICA PO</StockNm>
        <EOYBookValueAmt>251500</EOYBookValueAmt>
        <EOYFMVAmt>291400</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ROYAL DUTCH SHELL CL A</StockNm>
        <EOYBookValueAmt>365854</EOYBookValueAmt>
        <EOYFMVAmt>262300</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SOUTHERN CO</StockNm>
        <EOYBookValueAmt>178728</EOYBookValueAmt>
        <EOYFMVAmt>225500</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPDR NUVEEN BARCLAYS CAP BUILD</StockNm>
        <EOYBookValueAmt>252564</EOYBookValueAmt>
        <EOYFMVAmt>307996</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VERIZON COMMUNICATIONS</StockNm>
        <EOYBookValueAmt>188564</EOYBookValueAmt>
        <EOYFMVAmt>234400</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WINDSTREAM CORP</StockNm>
        <EOYBookValueAmt>25294</EOYBookValueAmt>
        <EOYFMVAmt>8697</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>Administrative Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>30439</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>30439</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Bank Charges</Desc>
        <RevenueAndExpensesPerBooksAmt>173</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>173</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>K-1 EXP KINDER MORGAN ENERGY</Desc>
        <RevenueAndExpensesPerBooksAmt>2203</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>244</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>K-1 Inc/Loss KINDER MORGAN ENERGY</Desc>
        <RevenueAndExpensesPerBooksAmt>7803</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>377</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>751 Gain on Sale KINDER MORGAN Energy</Desc>
        <RevenueAndExpensesPerBooksAmt>203821</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Federal Tax Refund</Desc>
        <RevenueAndExpensesPerBooksAmt>128</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>990-PF Estimated Tax for 2015</CategoryTxt>
        <Amt>8800</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>