﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2015v2.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2016-11-07T13:12:39-06:00</ReturnTs>
    <TaxPeriodEndDt>2015-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>221478099</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>COHNREZNICK LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1212 Avenue of the Americas</AddressLine1Txt>
        <CityNm>New York</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10036</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2015-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>136083166</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE SULZBERGER FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>SULZ</BusinessNameControlTxt>
      <PhoneNum>2125561400</PhoneNum>
      <USAddress>
        <AddressLine1Txt>620 EIGHTH AVENUE 16TH FLOOR</AddressLine1Txt>
        <CityNm>NEW YORK</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10018</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Marian Heiskell</PersonNm>
      <PersonTitleTxt>trustee</PersonTitleTxt>
      <PhoneNum>2125561400</PhoneNum>
      <SignatureDt>2016-10-27</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>STEVE KREINIK</PreparerPersonNm>
      <PTIN>P00839914</PTIN>
      <PhoneNum>2122970400</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2015</TaxYr>
    <BuildTS>2017-02-10 21:41:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="9">
    <IRS990PF documentId="RetDoc1235000001" referenceDocumentId="RetDoc2258700001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>29854884</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>242442</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>242345</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="RetDoc2213400001">511612</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>8489465</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>490007</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc2001500001">17044</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>-55872</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>771098</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>676480</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002100001">12500</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>7500</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>5000</LegalFeesDsbrsChrtblAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">77610</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>77610</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>0</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">43446</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>12446</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">240374</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>135116</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>46998</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>373930</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>232672</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>51998</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>1964641</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>1964641</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>2338571</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>232672</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>2016639</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-1567473</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>443808</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>19206</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>10816</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>10816</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>23166351</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">21607268</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>29844068</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>23185557</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>21618084</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>29854884</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <CapitalStockBOYAmt>31081047</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>31081047</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>-7895490</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>-9462963</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>23185557</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>21618084</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>23185557</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>21618084</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>23185557</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-1567473</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>21618084</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>21618084</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Asia Investments LP K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <GrossSalesPriceAmt>194179</GrossSalesPriceAmt>
          <GainOrLossAmt>194179</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>194179</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Asia Investments LP K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <GrossSalesPriceAmt>136790</GrossSalesPriceAmt>
          <GainOrLossAmt>136790</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>136790</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Acquisition FD 2008 LP K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <GrossSalesPriceAmt>6810</GrossSalesPriceAmt>
          <GainOrLossAmt>6810</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6810</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Acquisition FD 2008 LP K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <GrossSalesPriceAmt>191470</GrossSalesPriceAmt>
          <GainOrLossAmt>191470</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>191470</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Acquisition FD 2011 LP K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <CostOrOtherBasisAmt>2738</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2738</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2738</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Acquisition FD 2011 LP K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <GrossSalesPriceAmt>4948</GrossSalesPriceAmt>
          <GainOrLossAmt>4948</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4948</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Direct Lending Fund K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <GrossSalesPriceAmt>7</GrossSalesPriceAmt>
          <GainOrLossAmt>7</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Semper Vic Ptnrs K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <CostOrOtherBasisAmt>2144</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2144</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2144</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Semper Vic Ptnrs K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <GrossSalesPriceAmt>70944</GrossSalesPriceAmt>
          <GainOrLossAmt>70944</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>70944</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Map 2004 LP K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <CostOrOtherBasisAmt>15</CostOrOtherBasisAmt>
          <GainOrLossAmt>-15</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-15</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Map 2004 LP K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <CostOrOtherBasisAmt>23</CostOrOtherBasisAmt>
          <GainOrLossAmt>-23</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-23</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Map 2006 LP K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <CostOrOtherBasisAmt>18</CostOrOtherBasisAmt>
          <GainOrLossAmt>-18</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-18</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Map 2006 LP K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <CostOrOtherBasisAmt>6015</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6015</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6015</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Map 2009 LP K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <CostOrOtherBasisAmt>467</CostOrOtherBasisAmt>
          <GainOrLossAmt>-467</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-467</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Map 2009 LP K-1 passthrough</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-01-01</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <CostOrOtherBasisAmt>6719</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6719</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6719</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>publicly traded securities</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>7824589</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7957415</CostOrOtherBasisAmt>
          <GainOrLossAmt>-132826</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-132826</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Capital Gains Dividends</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>35824</GrossSalesPriceAmt>
          <GainOrLossAmt>35824</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>35824</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>490007</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>2957278</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>29563102</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.100033</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>2547487</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>29718241</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.085721</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>2752459</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>29343539</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.093801</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>3291247</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>30558013</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.107705</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>1823253</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>31862630</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.057222</DistributionYr5Rt>
        <TotalDistributionRt>0.444482</TotalDistributionRt>
        <AverageDistributionRt>0.088896</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>27969651</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>2486390</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>4438</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>2490828</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>2016639</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>8876</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>8876</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>8876</TaxBasedOnInvestmentIncomeAmt>
        <AppliedToEsTaxAmt>2000</AppliedToEsTaxAmt>
        <TotalPaymentsAndCreditsAmt>2000</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc1192000001">X</Form2220AttachedInd>
        <EsPenaltyAmt>208</EsPenaltyAmt>
        <TaxDueAmt>7084</TaxDueAmt>
      </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>1</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>1</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>1</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>aaron alpert CO MARUJUPU</IndividualWithBooksNm>
        <PhoneNum>2125561400</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>620 eighth avenue 16th floor</AddressLine1Txt>
          <CityNm>NEW YORK</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10018</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>1</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>MARIAN S HEISKELL</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE SULZBERGER FOUNDATION INC</AddressLine1Txt>
            <AddressLine2Txt>620 eighth ave 16th floor</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10018</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>3.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RUTH S HOLMBERG</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE SULZBERGER FOUNDATION INC</AddressLine1Txt>
            <AddressLine2Txt>620 eighth ave 16th floor</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10018</ZIPCd>
          </USAddress>
          <TitleTxt>V. PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>3.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Arthur Ochs Sulzberger jr</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE SULZBERGER FOUNDATION INC</AddressLine1Txt>
            <AddressLine2Txt>620 eighth ave 16th floor</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10018</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>james cohen</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O THE SULZBERGER FOUNDATION INC</AddressLine1Txt>
            <AddressLine2Txt>620 eighth ave 16th floor</AddressLine2Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10018</ZIPCd>
          </USAddress>
          <TitleTxt>trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.50</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>MARUJUPU LLC</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>620 eighth ave 16th floor</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10018</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>MANAGEMENT FEE</ServiceTypeTxt>
          <CompensationAmt>194203</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>27613558</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>782027</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>28395585</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>28395585</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>425934</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>27969651</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1398483</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1398483</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>8876</TaxBasedOnInvestmentIncomeAmt>
        <IncomeTaxAmt>4332</IncomeTaxAmt>
        <TotalTaxAmt>13208</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1385275</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>1385275</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>1385275</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>2016639</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>2016639</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>0</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>2016639</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1385275</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>244015</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>1776996</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>1299897</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>1081231</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>1499627</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>5901766</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>2016639</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>1385275</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>631364</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>6533130</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>244015</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>6289115</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>1776996</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>1299897</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>1081231</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>1499627</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>631364</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>MARIAN S HEISKELL</ContributingManagerNm>
        <ContributingManagerNm>RUTH S HOLMBERG</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FIDELITY CHARITABLE GIFT FUND</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 770001</AddressLine1Txt>
            <CityNm>Cincinnati</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>45277</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>1464641</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Newseum Inc</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>555 Pennsylvania Ave NW</AddressLine1Txt>
            <CityNm>Washington</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20001</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>500000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1964641</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>97</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>242345</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>21605</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>490007</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Acquisition FD 2008 LP K-1 Passthrough</Desc>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>18009</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-36301</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Acquisition FD 2011 LP K-1 Passthrough</Desc>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-9476</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-15593</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Asia Investments LP K-1 Passthrough</Desc>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-1577</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-48598</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Direct Lending Fund K-1 Passthrough</Desc>
          <BusinessCd>523000</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>65546</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-12037</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Map 2004 LP K-1 Passthrough</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>17739</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Map 2006 LP K-1 Passthrough</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>13662</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Map 2009 LP K-1 Passthrough</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>26107</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Semper Vic Ptnrs K-1 Passthrough</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-1559</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Brookfield infrastructure K-1 Passthrough</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-458</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Other income through MSF B</Desc>
          <ExclusionCd>14</ExclusionCd>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>tax refund</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>414</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>other income through MSF B</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1166</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>94204</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>676894</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>771098</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <GainLossSaleOtherAssetsSch documentId="RetDoc2213400001">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Asia Investments LP K-1 passthrough</AssetDesc>
        <AcquiredDt>2014-01</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-12</SoldDt>
        <GrossSalesPriceAmt>23748</GrossSalesPriceAmt>
        <SalesExpenseAmt>0</SalesExpenseAmt>
        <TotalNetAmt>23748</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Acquisition FD 2008 LP K-1 passthrough</AssetDesc>
        <AcquiredDt>2014-01</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-12</SoldDt>
        <GrossSalesPriceAmt>156</GrossSalesPriceAmt>
        <SalesExpenseAmt>0</SalesExpenseAmt>
        <TotalNetAmt>156</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Acquisition FD 2011 LP K-1 passthrough</AssetDesc>
        <AcquiredDt>2014-01</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-12</SoldDt>
        <BasisAmt>2299</BasisAmt>
        <SalesExpenseAmt>0</SalesExpenseAmt>
        <TotalNetAmt>-2299</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <GeneralExplanationAttachment documentId="RetDoc2258700001">
      <GeneralExplanationGrp>
        <FormAndLineReferenceDesc>FORM 990-PF, PART VII-B, LINE 1A(4):</FormAndLineReferenceDesc>
        <MediumExplanationTxt>Marujupu LLC [the Sulzberger family office] provides certain services to the Foundation. These services include cash mananagement, investment monitoring,preparation of financial reports, and coordination of outside professional services. THIS MEETS THE EXCEPTION AND IS CONSIDERED REASONABLE, AND THEREFORE FORM 4720 IS NOT PREPARED.</MediumExplanationTxt>
      </GeneralExplanationGrp>
      <GeneralExplanationGrp>
        <FormAndLineReferenceDesc>form 990-PF, PART VII-A, LINE 12:</FormAndLineReferenceDesc>
        <MediumExplanationTxt>THE FOUNDATION'S MANAGERS HAVE ADVISORY AUTHORITY OVER THE DONOR ADVISED FUNDS, AND WILL ENSURE THAT ALL FUNDS ARE DISTRIBUTED TO QUALIFIED SECTION 501C3 ORGANIZATIONS.</MediumExplanationTxt>
      </GeneralExplanationGrp>
    </GeneralExplanationAttachment>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>MARUJUPU SPECIAL FD CL B, LLC</StockNm>
        <EOYBookValueAmt>21607268</EOYBookValueAmt>
        <EOYFMVAmt>29844068</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>Carter Leydard</CategoryTxt>
        <LegalFeesAmt>12500</LegalFeesAmt>
        <NetInvestmentIncomeAmt>7500</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>5000</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>management fee - Marujupu LLC</Desc>
        <RevenueAndExpensesPerBooksAmt>194203</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>97102</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>38841</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>investment adv and custody fee - northern trust</Desc>
        <RevenueAndExpensesPerBooksAmt>28404</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>28404</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>16017</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>9610</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6407</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>filing fees</Desc>
        <RevenueAndExpensesPerBooksAmt>1750</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1750</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>Acquisition FD 2008 LP K-1 Passthrough</Desc>
        <RevenueAndExpensesPerBooksAmt>-18292</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-36301</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-18292</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Acquisition FD 2011 LP K-1 Passthrough</Desc>
        <RevenueAndExpensesPerBooksAmt>-25069</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-15593</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-25069</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Asia Investments LP K-1 Passthrough</Desc>
        <RevenueAndExpensesPerBooksAmt>-50175</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-48598</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-50175</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Direct Lending Fund K-1 Passthrough</Desc>
        <RevenueAndExpensesPerBooksAmt>53509</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-12037</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>53509</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Map 2004 LP K-1 Passthrough</Desc>
        <RevenueAndExpensesPerBooksAmt>17739</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>17739</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>17739</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Map 2006 LP K-1 Passthrough</Desc>
        <RevenueAndExpensesPerBooksAmt>13662</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>13662</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>13662</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Map 2009 LP K-1 Passthrough</Desc>
        <RevenueAndExpensesPerBooksAmt>26107</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>26107</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>26107</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Semper Vic Ptnrs K-1 Passthrough</Desc>
        <RevenueAndExpensesPerBooksAmt>-1559</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-1559</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-1559</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Brookfield infrastructure K-1 Passthrough</Desc>
        <RevenueAndExpensesPerBooksAmt>-458</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-458</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-458</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>tax refund</Desc>
        <RevenueAndExpensesPerBooksAmt>414</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>414</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>other income through MSF B</Desc>
        <RevenueAndExpensesPerBooksAmt>1166</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1166</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1166</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>investment advisory fee - ehrenkranz</CategoryTxt>
        <Amt>45701</Amt>
        <NetInvestmentIncomeAmt>45701</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>investment advisory fee - cannell</CategoryTxt>
        <Amt>31909</Amt>
        <NetInvestmentIncomeAmt>31909</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>Federal Excise Taxes</CategoryTxt>
        <Amt>31000</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Foreign Taxes</CategoryTxt>
        <Amt>12446</Amt>
        <NetInvestmentIncomeAmt>12446</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>