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            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94133</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>PROGRAM SERVICES</ServiceTypeTxt>
          <CompensationAmt>650163</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>80708562</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>34235042</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>30492107</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>145435711</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>145435711</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>2181536</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>143254175</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>7162709</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>7162709</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>8167</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>8167</TotalTaxAmt>
        <DistributableBeforeAdjAmt>7154542</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>7154542</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>7154542</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>12331789</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>12331789</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>12331789</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>7154542</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2013</PriorYear1Yr>
        <PriorYear2Yr>2012</PriorYear2Yr>
        <PriorYear3Yr>2011</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>7627183</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>3227636</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>13666249</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>6751269</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>6685722</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>37958059</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>12331789</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>7154542</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>5177247</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>43135306</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>7627183</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>35508123</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>3227636</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>13666249</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>6751269</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>6685722</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>5177247</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp />
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE ATTACHMENT A</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ONE MARITIME PLAZA SUITE 2010</AddressLine1Txt>
            <CityNm>SAN FRANCISCO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>941113510</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SEE ATTACHMENT A</GrantOrContributionPurposeTxt>
          <Amt>11584950</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>11584950</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE ATTACHMENT A</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ONE MARITIME PLAZA SUITE 2010</AddressLine1Txt>
            <CityNm>SAN FRANCISCO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>941113510</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SEE ATTACHMENT A</GrantOrContributionPurposeTxt>
          <Amt>14759000</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>14759000</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>158840</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>546328</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-88528</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>OTHER INVESTMENT LOSS</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-11245</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>FEDERAL TAX REFUND</Desc>
          <ExclusionCd>01</ExclusionCd>
          <ExclusionAmt>444</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>605839</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>605839</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>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>PATRICIA C HELLMAN SURVIVORS TRUST</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>ONE MARITIME PLAZA SUITE 2010</AddressLine1Txt>
          <CityNm>SAN FRANCISCO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94111</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>25000000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>PATRICIA C HELLMAN SURVIVORS TRUST</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>ONE MARITIME PLAZA SUITE 2010</AddressLine1Txt>
          <CityNm>SAN FRANCISCO</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94111</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>35000000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>TAX RETURN PREPARATION FEES</CategoryTxt>
        <Amt>25000</Amt>
        <NetInvestmentIncomeAmt>12500</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>12500</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>AUDIT FEES</CategoryTxt>
        <Amt>19415</Amt>
        <NetInvestmentIncomeAmt>9707</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>9708</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING SERVICES</CategoryTxt>
        <Amt>71858</Amt>
        <NetInvestmentIncomeAmt>23594</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>23594</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>AMANSA FEEDER LTD</StockNm>
        <EOYBookValueAmt>1416255</EOYBookValueAmt>
        <EOYFMVAmt>1416255</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BLUE HARBOUR ACTIVE OFFSHORE</StockNm>
        <EOYBookValueAmt>4647482</EOYBookValueAmt>
        <EOYFMVAmt>4647482</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BUENA VISTA ASIAN OPP OFFSHORE</StockNm>
        <EOYBookValueAmt>2816804</EOYBookValueAmt>
        <EOYFMVAmt>2816804</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TYBOURNE EQUITY OFFSHORE FUND</StockNm>
        <EOYBookValueAmt>4270241</EOYBookValueAmt>
        <EOYFMVAmt>4270241</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>THE CANYON VAL REALIZE LTD</StockNm>
        <EOYBookValueAmt>14197136</EOYBookValueAmt>
        <EOYFMVAmt>14197136</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PELHAM LONG/SHORT FUND LTD</StockNm>
        <EOYBookValueAmt>4080402</EOYBookValueAmt>
        <EOYFMVAmt>4080402</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STEADFAST INTERNATIONAL LTD</StockNm>
        <EOYBookValueAmt>6126407</EOYBookValueAmt>
        <EOYFMVAmt>6126407</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <USGovtObligationsBookVlEOYAmt>9057325</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>9057325</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DODGE &amp; COX INCOME FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>17904578</BookValueAmt>
        <EOYFMVAmt>17904578</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>DODGE &amp; COX GLOBAL STOCK</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>9297559</BookValueAmt>
        <EOYFMVAmt>9297559</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FARALLON CAPITAL F5 INVESTORS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>14550853</BookValueAmt>
        <EOYFMVAmt>14550853</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FIR TREE INT'L VALUE FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>7056687</BookValueAmt>
        <EOYFMVAmt>7056687</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HARRIS ASSOCIATES GLOBAL, LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>9276216</BookValueAmt>
        <EOYFMVAmt>9276216</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSch">
      <LegalFeesGrp>
        <CategoryTxt>GENERAL CORPORATE COUNSEL</CategoryTxt>
        <LegalFeesAmt>21216</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>22479</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssetsScheduleGrp>
        <Desc>BOND PURCHASED INTEREST</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>8707</EOYBookValueAmt>
        <EOYFMVAmt>8707</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSch">
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSSES</Desc>
        <Amt>4313941</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>PY GRANT PAYABLE ADJUSTMENT</Desc>
        <Amt>494033</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>235</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>235</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>45</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>45</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>214</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>214</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>750</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>4952</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>4905</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PORTFOLIO DEDUCTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>43550</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>43550</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>OTHER INVESTMENT LOSS</Desc>
        <RevenueAndExpensesPerBooksAmt>-11245</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-11245</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>FEDERAL TAX REFUND</Desc>
        <RevenueAndExpensesPerBooksAmt>444</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PORTFOLIO MANAGEMENT</CategoryTxt>
        <Amt>181256</Amt>
        <NetInvestmentIncomeAmt>181256</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PROGRAM SERVICES</CategoryTxt>
        <Amt>780123</Amt>
        <DisbursementsCharitablePrpsAmt>650163</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>14951</Amt>
        <NetInvestmentIncomeAmt>14951</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX</CategoryTxt>
        <Amt>35000</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>