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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JAMES F JANZ</PersonNm>
          <USAddress>
            <AddressLine1Txt>710 N PLANKINTON AVE SUITE 1200</AddressLine1Txt>
            <CityNm>MILWAUKEE</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53203</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT/DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>20000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STEPHAN J CHEVALIER</PersonNm>
          <USAddress>
            <AddressLine1Txt>710 N PLANKINTON AVE SUITE 1200</AddressLine1Txt>
            <CityNm>MILWAUKEE</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53203</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY/TREASURER/DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>10.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>5000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>256</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MICHAEL P MERVIS</PersonNm>
          <USAddress>
            <AddressLine1Txt>710 N PLANKINTON AVE SUITE 1200</AddressLine1Txt>
            <CityNm>MILWAUKEE</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53203</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>20000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN K TSUI</PersonNm>
          <USAddress>
            <AddressLine1Txt>710 N PLANKINTON AVE SUITE 1200</AddressLine1Txt>
            <CityNm>MILWAUKEE</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53203</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>5000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>ERIN FREDERICK</PersonNm>
          <USAddress>
            <AddressLine1Txt>710 N PLANKINTON AVE ST 840</AddressLine1Txt>
            <CityNm>MILWAUKEE</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53203</ZIPCd>
          </USAddress>
          <TitleTxt>SENIOR PROGRAM OFF</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>85875</CompensationAmt>
          <EmployeeBenefitsAmt>21943</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>GINA STILP</PersonNm>
          <USAddress>
            <AddressLine1Txt>710 N PLANKINTON AVE STE 840</AddressLine1Txt>
            <CityNm>MILWAUKEE</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53203</ZIPCd>
          </USAddress>
          <TitleTxt>SENIOR PROGRAM OFF</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>76941</CompensationAmt>
          <EmployeeBenefitsAmt>7068</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
        <OtherEmployeePaidOver50kCnt>2</OtherEmployeePaidOver50kCnt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>48994383</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>345152</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>109039495</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>158379030</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>158379030</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>2375685</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>156003345</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>7800167</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>7800167</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>46880</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>46880</TotalTaxAmt>
        <DistributableBeforeAdjAmt>7753287</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>7753287</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>7753287</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>6267496</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>6267496</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>6267496</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>7753287</DistributableAsAdjustedAmt>
        <PriorYear1Yr>2012</PriorYear1Yr>
        <PriorYear2Yr>2011</PriorYear2Yr>
        <PriorYear3Yr>2010</PriorYear3Yr>
        <ExcessDistributionCyovYr1Amt>667667</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>667667</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>6267496</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>6267496</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>667667</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>667667</ExcessDistributionCyovAppCYAmt>
        <UndistributedIncomeCYAmt>818124</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp />
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>JOSEPH VERA ZILBER CHARITABLE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>710 N PLANKINTON AVE SUITE 1200</AddressLine1Txt>
            <CityNm>MILWAUKEE</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53203</ZIPCd>
          </RecipientUSAddress>
          <RecipientEmailAddressTxt>info@zilberfamilyfoundation.org</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>GRANTSEEKERS ARE ENCOURAGED TO CONTACT THE FOUNDATION AT INFO@ZILBERFAMILYFOUNDATION.ORG WITH A ONE-PAGE LETTER OF INQUIRY BEFORE PREPARING A PROPOSAL. GIVEN LIMITED RESOURCES OF TIME AND MONEY THE FOUNDATION TYPICALLY INVITES PROPOSALS THAT RESPOND TO ITS PRIORITIES, RATHER THAN FUND UNSOLICITED PROPOSALS. THE FOUNDATION DOES NOT CONSIDER REQUESTS FOR: -INDIVIDUAL ASSISTANCE, FOR-PROFIT ORGANIZATIONS, POLITICAL PARTIES OR CANDIDATES, ENDOWMENTS, ANNUAL FUND APPEALS, FUNDRAISING EVENTS, CONFERENCES, WORKSHOPS, INDIVIDUAL SCHOLARSHIPS, FELLOWSHIPS, LOANS OR TRAVEL, SECTARIAN RELIGIOUS CONCERNS, ATHLETIC EVENTS, FILM OR MEDIA PROJECTS, PUBLICATIONS. GRANT RECIPIENTS ARE REQUIRED TO REPORT ON PROGRESS TOWARD EXPECTED RESULTS EVERY SIX MONTHS, WITH DISBURSEMENTS DEPENDENT ON STAFF APPROVAL OF NARRATIVE AND FINANCIAL REPORTS.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>SEE ATTACHMENT 19</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>SEE ATTACHMENT 19</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GRANTS PAID IN CURRENT YEAR - SEE ATTACHED</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>710 N PLANKINTON AVE STE 1200</AddressLine1Txt>
            <CityNm>MILWAUKEE</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53203</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO PROVIDE OPERATING SUPPORT AND OTHER SUPPORT FOR PROGRAM ACTIVITIES</GrantOrContributionPurposeTxt>
          <Amt>5601749</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>5601749</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GRANTS APPROVED FOR FUTURE PAYMENT - SEE ATT 22</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>710 N PLANKINTON AVE SUITE 1200</AddressLine1Txt>
            <CityNm>MILWAUKEE</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>53203</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO PROVIDE OPERATING SUPPORT AND OTHER SUPPORT FOR PROGRAM ACTIVITIES</GrantOrContributionPurposeTxt>
          <Amt>6926000</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>6926000</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>5234016</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>1411422</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>ROYALTY - SAN JUAN REALTY TRUST</Desc>
          <ExclusionCd>15</ExclusionCd>
          <ExclusionAmt>3011</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>PASSTHROUGH ENTITY DISTRIBUTIONS</Desc>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>39624</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>6688073</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>6688073</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>JJZ VOLUNTARY TRUST</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>710 N PLANKINTON AVE SUITE 1200</AddressLine1Txt>
          <CityNm>MILWAUKEE</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53203</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>162056964</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>MARKETABLE SECURITIES TRANSFERRED AT MARKET VALUE FROM BAIRD ACCOUNT</NoncashPropertyDesc>
        <FairMarketValueAmt>8388054</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>MARKETABLE SECURITIES TRANSFERRED FROM PERSHING (ARS) ACCOUNT</NoncashPropertyDesc>
        <FairMarketValueAmt>13293637</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>MAKETABLE SECURITIES TRANSFERRED FROM RBC (DAIN) ACCOUNT</NoncashPropertyDesc>
        <FairMarketValueAmt>7961094</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>MARKETABLE SECURIITES TRANSFERRED FROM JP MORGAN ACCOUNT TO 7002 ACCOUNT</NoncashPropertyDesc>
        <FairMarketValueAmt>14297262</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>MARKETABLE SECURITIES TRANSFERRED FROM JP MORGAN ACCOUNT TO 7004 ACCOUNT</NoncashPropertyDesc>
        <FairMarketValueAmt>8309377</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>NOTES PAYABLE FROM JJZ VOLUNTARY TRUST</NoncashPropertyDesc>
        <FairMarketValueAmt>1750000</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>105/111 LLC 99% INTERST (NOTES RECEIVABLE AND OTHER)</NoncashPropertyDesc>
        <FairMarketValueAmt>11585699</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>105/111 LLC 99% INTEREST (6,019.74 SHARES)</NoncashPropertyDesc>
        <FairMarketValueAmt>23354852</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>BREWERY PROJECT LLC STOCK</NoncashPropertyDesc>
        <FairMarketValueAmt>10719365</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>BRISTOL INVESTMENT LP 99% INTEREST</NoncashPropertyDesc>
        <FairMarketValueAmt>1100000</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>JJZ FAMILY INVESTMENTS LLC 70% INTEREST</NoncashPropertyDesc>
        <FairMarketValueAmt>3575191</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>KONA BUSINESS PARK II LLC 30% INTEREST</NoncashPropertyDesc>
        <FairMarketValueAmt>170404</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>LINCOLN TOWER UNIT 1 LLC 18.18% INT.</NoncashPropertyDesc>
        <FairMarketValueAmt>155568</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>WCPB LLC 8 1/3% INTEREST</NoncashPropertyDesc>
        <FairMarketValueAmt>737416</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>WESTHILL-DEKALB LP 20.2247% INT.</NoncashPropertyDesc>
        <FairMarketValueAmt>864050</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>WINCHESTER VILLAGE LP 30.70% INT.</NoncashPropertyDesc>
        <FairMarketValueAmt>214496</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>PRUDENTIAL INSURANCE POLICIES</NoncashPropertyDesc>
        <FairMarketValueAmt>672000</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>1</ContributorNum>
        <NoncashPropertyDesc>12,361.23 SHARES OF ZILBER STOCK</NoncashPropertyDesc>
        <FairMarketValueAmt>48442424</FairMarketValueAmt>
        <ReceivedDt>2014-12-31</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>24766</Amt>
        <DisbursementsCharitablePrpsAmt>22542</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorporateBondsGrp>
        <BondNm>SEE ATTACHED - ATTACHMENT 23</BondNm>
        <EOYBookValueAmt>14692624</EOYBookValueAmt>
        <EOYFMVAmt>14692624</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE ATTACHED - ATTACHMENT 23</StockNm>
        <EOYBookValueAmt>33006234</EOYBookValueAmt>
        <EOYFMVAmt>33006234</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <StateLocalSecBookVlEOYAmt>1967716</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>1967716</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SEE ATTACHED - ATTACHMENT 23</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>160198827</BookValueAmt>
        <EOYFMVAmt>160198827</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherDecreasesSchedule documentId="OtherDecreasesSch">
      <OtherDecreasesDetail>
        <Desc>UNREALIZED LOSS ON MKT SEC</Desc>
        <Amt>1683370</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>MARKET VALUE AND CONTINGENT GRANT ADJ</Desc>
        <Amt>2944000</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>MEMBERSHIP DUES</Desc>
        <RevenueAndExpensesPerBooksAmt>12075</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>12075</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DATA PROCESSING/WEB HOSTING</Desc>
        <RevenueAndExpensesPerBooksAmt>4503</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>4503</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DELIVERY</Desc>
        <RevenueAndExpensesPerBooksAmt>992</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>964</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE</Desc>
        <RevenueAndExpensesPerBooksAmt>5626</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>5197</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>1050</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1050</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ADDITIONAL INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>71</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>71</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>GENERAL</Desc>
        <RevenueAndExpensesPerBooksAmt>162</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>162</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>676</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>676</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>525</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>Broker Distributions</Desc>
        <RevenueAndExpensesPerBooksAmt>39624</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Royalty - San Juan Realty Trust</Desc>
        <RevenueAndExpensesPerBooksAmt>3011</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3011</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Other Investment Income/Loss - K1s</Desc>
        <NetInvestmentIncomeAmt>6907</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSch">
      <OtherIncreasesDetail>
        <Desc>CHANGES IN REAL ESTATE AND OTHER INV</Desc>
        <Amt>6400492</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CONSULTING</CategoryTxt>
        <Amt>280008</Amt>
        <DisbursementsCharitablePrpsAmt>280008</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>APPRAISALS</CategoryTxt>
        <Amt>58436</Amt>
        <NetInvestmentIncomeAmt>26750</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT FEES</CategoryTxt>
        <Amt>137123</Amt>
        <NetInvestmentIncomeAmt>135902</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>PASSTHROUGH INVESTMENT EXPENSE</CategoryTxt>
        <Amt>0</Amt>
        <NetInvestmentIncomeAmt>247</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>TAX EXPENSE</CategoryTxt>
        <Amt>51570</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX EXPENSE</CategoryTxt>
        <Amt>1559</Amt>
        <NetInvestmentIncomeAmt>1559</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
    <TransfersFrmControlledEntities documentId="TransFrmControledEnt">
      <TransfersFromControlledEntGrp>
        <BusinessName>
          <BusinessNameLine1Txt>105111 LLC</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>710 N PLANKINTON AVE STE 1200</AddressLine1Txt>
          <CityNm>MILWAUKEE</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53203</ZIPCd>
        </USAddress>
        <EIN>264020823</EIN>
        <Desc>CASH DISTRIBUTION</Desc>
        <Amt>244000</Amt>
      </TransfersFromControlledEntGrp>
      <TransfersFromControlledEntGrp>
        <BusinessName>
          <BusinessNameLine1Txt>TOWNE REALTY CO</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>710 N PLANKINTON AVE STE 1200</AddressLine1Txt>
          <CityNm>MILWAUKEE</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53203</ZIPCd>
        </USAddress>
        <EIN>396106777</EIN>
        <Desc>CASH DISTRIBUTION</Desc>
        <Amt>316851</Amt>
      </TransfersFromControlledEntGrp>
      <TransfersFromControlledEntGrp>
        <BusinessName>
          <BusinessNameLine1Txt>BREWERY PROJECT LLC</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>710 N PLANKINTON AVE SUITE 1200</AddressLine1Txt>
          <CityNm>MILWAUKEE</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53203</ZIPCd>
        </USAddress>
        <EIN>263980530</EIN>
        <Desc>CONTROLLED ENTITY</Desc>
        <Amt>0</Amt>
      </TransfersFromControlledEntGrp>
      <TransfersFromControlledEntGrp>
        <BusinessName>
          <BusinessNameLine1Txt>BRISTOL INVESTMENT LIMITED PARTNERSHIP</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>2905 NORTHWEST BLVD SUITE 150</AddressLine1Txt>
          <CityNm>PLYMOUTH</CityNm>
          <StateAbbreviationCd>MN</StateAbbreviationCd>
          <ZIPCd>55441</ZIPCd>
        </USAddress>
        <EIN>411674235</EIN>
        <Desc>CONTROLLED ENTITY</Desc>
        <Amt>0</Amt>
      </TransfersFromControlledEntGrp>
      <TransfersFromControlledEntGrp>
        <BusinessName>
          <BusinessNameLine1Txt>LINCOLN TOWER UNIT 1 LLC</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>710 N PLANKINTON AVE SUITE 1200</AddressLine1Txt>
          <CityNm>MILWAUKEE</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53203</ZIPCd>
        </USAddress>
        <EIN>273676328</EIN>
        <Desc>CONTROLLED ENTITY</Desc>
        <Amt>0</Amt>
      </TransfersFromControlledEntGrp>
      <TransfersFromControlledEntGrp>
        <BusinessName>
          <BusinessNameLine1Txt>ZILBER LTD</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>710 N PLANKINTON AVE SUITE 1200</AddressLine1Txt>
          <CityNm>MILWAUKEE</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53203</ZIPCd>
        </USAddress>
        <EIN>391472959</EIN>
        <Desc>CONTROLLED ENTITY</Desc>
        <Amt>0</Amt>
      </TransfersFromControlledEntGrp>
      <TotalAmt>560851</TotalAmt>
    </TransfersFrmControlledEntities>
    <TransfersToControlledEntities documentId="TransToControlledEnt">
      <TransfersToControlledEntGrp>
        <BusinessName>
          <BusinessNameLine1Txt>JJZ FAMILY INVESTMENTS LLC</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>710 N PLANKINTON AVE STE 1200</AddressLine1Txt>
          <CityNm>MILWAUKEE</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>53203</ZIPCd>
        </USAddress>
        <EIN>391895680</EIN>
        <Desc>CASH DISTRIBUTION - CAPITAL CALL</Desc>
        <Amt>17500</Amt>
      </TransfersToControlledEntGrp>
      <TotalAmt>17500</TotalAmt>
    </TransfersToControlledEntities>
  </ReturnData>
</Return>