﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2015v2.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2016-11-10T09:50:36-08:00</ReturnTs>
    <TaxPeriodEndDt>2015-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Lawrence M Schwartz CPA</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>2211 Encinitas Blvd 200</AddressLine1Txt>
        <CityNm>Encinitas</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>920244361</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2015-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>456314648</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>SHAFFER FAMILY FOUNDATION DTD 42911</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>CO LAWRENCE M SCHWARTZ CPA</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>SHAF</BusinessNameControlTxt>
      <PhoneNum>7607534434</PhoneNum>
      <USAddress>
        <AddressLine1Txt>2211 ENCINITAS BLVD</AddressLine1Txt>
        <CityNm>ENCINITAS</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>92024</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JAMES D SHAFFER</PersonNm>
      <PersonTitleTxt>Trustee</PersonTitleTxt>
      <SignatureDt>2016-11-07</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Lawrence M Schwartz</PreparerPersonNm>
      <PTIN>P00016922</PTIN>
      <PhoneNum>7607534434</PhoneNum>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2015</TaxYr>
    <BuildTS>2017-02-10 21:41:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="7">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="15000324" softwareVersionNum="2015v2.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>29543378</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>525000</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>919117</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>919117</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>919117</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-1696</NetGainSaleAstRevAndExpnssAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">-58537</OtherIncomeRevAndExpnssAmt>
        <TotalRevAndExpnssAmt>1383884</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>919117</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>919117</TotalAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">6500</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>3250</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>650</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>1625</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">189861</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>94931</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesAdjNetIncmAmt>18986</OtherProfFeesAdjNetIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>60473</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">22003</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>11002</TaxesNetInvstIncmAmt>
        <TaxesAdjNetIncmAmt>2201</TaxesAdjNetIncmAmt>
        <TaxesDsbrsChrtblAmt>2201</TaxesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">539</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>269</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>54</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>54</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>218903</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>109452</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>21891</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>64353</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>1430000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>1430000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>1648903</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>109452</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>21891</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>1494353</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-265019</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>809665</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>897226</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>231</CashBOYAmt>
        <SavAndTempCashInvstBOYAmt>486959</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>1273646</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>1273646</SavAndTempCashInvstEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>1232191</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt>1219408</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>1221942</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>12265980</CorporateStockBOYAmt>
        <CorporateStockEOYAmt>12442522</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>15470386</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>1518733</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt>1411273</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>1376815</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>11543409</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt>10435635</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>10200589</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>27047503</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>26782484</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>29543378</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>27047503</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>26782484</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>27047503</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>26782484</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>27047503</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>26782484</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>27047503</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-265019</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>26782484</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>26782484</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Various</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2000-12-31</AcquiredDt>
          <SoldDt>2015-12-31</SoldDt>
          <CostOrOtherBasisAmt>1696</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1696</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1696</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-1696</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>1518371</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>31305773</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.04850</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>1396959</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>28981030</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.04820</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>1224326</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>26193188</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.04674</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>500000</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>26041695</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.01920</DistributionYr4Rt>
        <TotalDistributionRt>0.162646</TotalDistributionRt>
        <AverageDistributionRt>0.040662</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>30520916</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>1241041</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>8097</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>1249138</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>1494353</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>8097</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>8097</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>8097</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>15080</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>15080</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <OverpaymentAmt>6983</OverpaymentAmt>
        <AppliedToESTaxAmt>6983</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>false</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>false</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>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>LAWRENCE M SCHWARTZ CPA</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>7607534434</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>2211 ENCINITAS BLVD 200</AddressLine1Txt>
          <CityNm>ENCINITAS</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>920244361</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>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JAMES D SHAFFER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 9543</AddressLine1Txt>
            <CityNm>RANCHO SANTA FE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92067</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>10.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>TANYA L SHAFFER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 9543</AddressLine1Txt>
            <CityNm>RANCHO SANTA FE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92067</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>10.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>30985702</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>0</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>30985702</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>30985702</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>464786</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>30520916</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1526046</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1526046</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>8097</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>8097</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1517949</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>1517949</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>1517949</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>1494353</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>1494353</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>8097</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>1486256</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1517949</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr4Amt>277877</ExcessDistributionCyovYr4Amt>
        <TotalExcessDistributionCyovAmt>277877</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>1494353</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>1494353</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>23596</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>23596</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>254281</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>254281</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>254281</ExcessFromYear4Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>JAMES D SHAFFER</ContributingManagerNm>
        <ContributingManagerNm>TANYA L SHAFFER</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SCRIPPS HEALTH FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>4275 CAMPUS POINT COURT</AddressLine1Txt>
            <CityNm>SAN DIEGO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92121</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(c)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Funding Research for Bone &amp; Cartilage Regeneration, Shoulder Biomechanics, and IDIOM Protocol</GrantOrContributionPurposeTxt>
          <Amt>900000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>The Bishop's School</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>7607 LA JOLLA BLVD</AddressLine1Txt>
            <CityNm>LA JOLLA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92037</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(c)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TUITION AID PROGRAM</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Scripps Research Institute</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>10550 North Torrey Pines Road</AddressLine1Txt>
            <CityNm>La Jolla</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92037</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(c)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Support graduate students and postdoctoral fellows in Jerold Chun's Lab</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UCLA Foundation Broad Stem Cell Res</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>615 Charles Young Drive 477 BSRB</AddressLine1Txt>
            <CityNm>Los Angeles</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90095</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(c)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Support UCLA Broad Stem Cell Research Training Program</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UCLA Foundation Dept of Urology</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>300 Stein Plaza Suite 300</AddressLine1Txt>
            <CityNm>Los Angeles</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90024</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(c)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UCLA Dept of Urology Pelvic Medicine &amp; Reconstructive Surgery Program</GrantOrContributionPurposeTxt>
          <Amt>105000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>UCLA Foundation Dept of Nephrology</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>10945 Le Conte Avenue Suite 3132</AddressLine1Txt>
            <CityNm>Los Angeles</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90095</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(c)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>UCLA Division of Nephrology Recurrent Bladder Infection Research and Education Program</GrantOrContributionPurposeTxt>
          <Amt>125000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1430000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>919117</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <OtherInvestmentIncmPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>58537</ExclusionAmt>
        </OtherInvestmentIncmPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-1696</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>858884</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>858884</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" softwareId="15000324" softwareVersionNum="2015v2.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>JAMES TANYA SHAFFER</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>PO BOX 9543</AddressLine1Txt>
          <CityNm>RANCHO SANTA FE</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>92067</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>525000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="15000324" softwareVersionNum="2015v2.0">
      <AccountingFeesDetail>
        <CategoryTxt>Tax Preparation</CategoryTxt>
        <Amt>6500</Amt>
        <NetInvestmentIncomeAmt>3250</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>650</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1625</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="15000324" softwareVersionNum="2015v2.0">
      <OtherExpensesScheduleGrp>
        <Desc>Miscellaneous Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>539</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>269</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>54</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>54</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="15000324" softwareVersionNum="2015v2.0">
      <OtherIncomeDetail>
        <Desc>Other Investment Income</Desc>
        <RevenueAndExpensesPerBooksAmt>-58537</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="15000324" softwareVersionNum="2015v2.0">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment Management Fees</CategoryTxt>
        <Amt>189861</Amt>
        <NetInvestmentIncomeAmt>94931</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>18986</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>60473</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="15000324" softwareVersionNum="2015v2.0">
      <TaxesDetail>
        <CategoryTxt>Federal</CategoryTxt>
        <Amt>20207</Amt>
        <NetInvestmentIncomeAmt>10104</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2021</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2021</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Foreign Taxes Paid</CategoryTxt>
        <Amt>1636</Amt>
        <NetInvestmentIncomeAmt>818</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>164</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>164</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>State Taxes</CategoryTxt>
        <Amt>160</Amt>
        <NetInvestmentIncomeAmt>80</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>16</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>16</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>