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        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
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      <ElectionDesc>THE FOUNDATION HEREBY ELECTS TO TREAT THE CURRENT YEAR EXCESS QUALIFYING DISTRIBUTIONS TO BE APPLIED TO THE UNDISTRIBUTED INCOME OF $48.00 FROM 2013 PURSUANT TO REGULATIONS SECTION 53.4942(A)-3(D)2. A FORM 4720 WAS PROPERLY FILED AND THE TAX PAID ON THE UNDISTRIBUTED INCOME OF $48.00 ON MAY 6, 2015 FOR THE 2014 TAX YEAR.</ElectionDesc>
    </AppliedToPriorYearElection>
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      <InvestmentsCorporateBondsGrp>
        <BondNm>FIXED INCOME - A/C 23-19235</BondNm>
        <EOYBookValueAmt>416256</EOYBookValueAmt>
        <EOYFMVAmt>388480</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
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    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>EQUITY - A/C 23-19235</StockNm>
        <EOYBookValueAmt>973444</EOYBookValueAmt>
        <EOYFMVAmt>1040476</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EQUITY - A/C 23-49817</StockNm>
        <EOYBookValueAmt>248094</EOYBookValueAmt>
        <EOYFMVAmt>236562</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
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      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>REAL ESTATE - A/C 23-19235</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>160000</BookValueAmt>
        <EOYFMVAmt>172106</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>COMMODITIES - A/C 23-19235</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>105018</BookValueAmt>
        <EOYFMVAmt>59500</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>HARRISON &amp; HELD, LLP</CategoryTxt>
        <LegalFeesAmt>2246</LegalFeesAmt>
        <NetInvestmentIncomeAmt>2246</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>CASHIER'S CHECK</Desc>
        <RevenueAndExpensesPerBooksAmt>29</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>29</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>OTHER INCOME - SECTION 1411</Desc>
        <RevenueAndExpensesPerBooksAmt>6</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>6</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>NONDIVIDEND DISTRIBUTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>345</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>345</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>345</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>BASIS ADJUSTMENT</Desc>
        <Amt>3004</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>NORTHERN TRUST AGENCY FEES</CategoryTxt>
        <Amt>6257</Amt>
        <NetInvestmentIncomeAmt>6257</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>NORTHERN TRUST INVESTMENT FEES</CategoryTxt>
        <Amt>2660</Amt>
        <NetInvestmentIncomeAmt>2660</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>1169</Amt>
        <NetInvestmentIncomeAmt>1169</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>2014 EXCISE TAX</CategoryTxt>
        <Amt>748</Amt>
        <NetInvestmentIncomeAmt>748</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>2015 ESTIMATED EXCISE TAX</CategoryTxt>
        <Amt>1000</Amt>
        <NetInvestmentIncomeAmt>1000</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>