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          <GrossSalesPriceAmt>174</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>0</CostOrOtherBasisAmt>
          <GainOrLossAmt>174</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>174</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Becton</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-03-17</AcquiredDt>
          <SoldDt>2015-03-17</SoldDt>
          <GrossSalesPriceAmt>130</GrossSalesPriceAmt>
          <DepreciationAmt>0</DepreciationAmt>
          <CostOrOtherBasisAmt>128</CostOrOtherBasisAmt>
          <GainOrLossAmt>2</GainOrLossAmt>
          <FMVAsOf123169Amt>0</FMVAsOf123169Amt>
          <AdjustedBasisAsOf123169Amt>0</AdjustedBasisAsOf123169Amt>
          <ExcessFMVOverAdjustedBssAmt>0</ExcessFMVOverAdjustedBssAmt>
          <GainsMinusExcessOrLossesAmt>2</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>1591982</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-22204</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>1015631</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>23887179</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.042518</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>872176</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>20463185</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.042622</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>805685</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>17616638</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.045734</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>717067</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>17001009</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.042178</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>710238</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>14949574</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.047509</DistributionYr5Rt>
        <TotalDistributionRt>0.220561</TotalDistributionRt>
        <AverageDistributionRt>0.044112</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>26391628</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>1164187</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>22123</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>1186310</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>1157235</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>44247</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>44247</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>44247</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>20200</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>20200</TotalPaymentsAndCreditsAmt>
        <OriginalReturnTaxPaidAmt>20200</OriginalReturnTaxPaidAmt>
        <TaxDueAmt>24047</TaxDueAmt>
        <AppliedToESTaxAmt>0</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>FL</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>true</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>true</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>Cobb Partners LLC</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>3054411700</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO Box 14-4200</AddressLine1Txt>
          <CityNm>Coral Gables</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>331144200</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>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <BusinessName>
            <BusinessNameLine1Txt>Charles E Cobb Jr</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>PO Box 14-4200</AddressLine1Txt>
            <CityNm>Coral Gables</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <BusinessName>
            <BusinessNameLine1Txt>Sue M Cobb</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>PO Box 14-4200</AddressLine1Txt>
            <CityNm>Coral Gables</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <BusinessName>
            <BusinessNameLine1Txt>Christian M Cobb</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>PO Box 14-4200</AddressLine1Txt>
            <CityNm>Coral Gables</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <BusinessName>
            <BusinessNameLine1Txt>Tobin T Cobb</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>PO Box 14-4200</AddressLine1Txt>
            <CityNm>Coral Gables</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <BusinessName>
            <BusinessNameLine1Txt>Kolleen O Cobb</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>PO Box 14-4200</AddressLine1Txt>
            <CityNm>Coral Gables</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <BusinessName>
            <BusinessNameLine1Txt>Luisa S Cobb</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>PO Box 14-4200</AddressLine1Txt>
            <CityNm>Coral Gables</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>25695816</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1097715</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>26793531</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>26793531</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>401903</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>26391628</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1319581</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1319581</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>44247</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>44247</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1275334</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>1275334</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>1275334</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>1157235</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>1157235</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>1157235</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1275334</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>1153331</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>1157235</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>1153331</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>3904</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>1271430</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>CHARLES E COBB JR</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>COBB FAMILY FOUNDATION ADMINISTRATO</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 14-4200</AddressLine1Txt>
            <CityNm>Coral Gables</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>331144200</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>3054411700</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>SEE STATEMENT #1</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>SEE STATEMENT #1</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>see schedule</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>see schedule</AddressLine1Txt>
            <CityNm>see schedule</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33114</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>various</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>various</GrantOrContributionPurposeTxt>
          <Amt>1142235</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1142235</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>University of Miami</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 248073</AddressLine1Txt>
            <CityNm>Coral Gables</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33124</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>450 Serra Mall</AddressLine1Txt>
            <CityNm>Stanford</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94305</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>66000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>336 NW 5 Street</AddressLine1Txt>
            <CityNm>Miami</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33128</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>4000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>101 W Flagler ST</AddressLine1Txt>
            <CityNm>Miami</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33130</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>17500</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>3280 S Miami Ave</AddressLine1Txt>
            <CityNm>Miami</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33129</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>US Diplomacy Center 535</AddressLine1Txt>
            <CityNm>Washington</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20037</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 0734</AddressLine1Txt>
            <CityNm>Washington</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20073</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 600610</AddressLine1Txt>
            <CityNm>Dallas</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75206</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 117625</AddressLine1Txt>
            <CityNm>Gainesville</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32611</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>620 Mtn Village Rd</AddressLine1Txt>
            <CityNm>Telluride</CityNm>
            <StateAbbreviationCd>CO</StateAbbreviationCd>
            <ZIPCd>81435</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>1025 Thomas Jefferson St NW</AddressLine1Txt>
            <CityNm>Washington</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20077</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>1550 N Miami Ave</AddressLine1Txt>
            <CityNm>Miami</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33136</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>40000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>6425 Boaz Lane</AddressLine1Txt>
            <CityNm>Dallas</CityNm>
            <StateAbbreviationCd>TX</StateAbbreviationCd>
            <ZIPCd>75205</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>6575 N Kendall Dr</AddressLine1Txt>
            <CityNm>Pinecrest</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33156</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>3250 Southwest 3rd Ave</AddressLine1Txt>
            <CityNm>Miami</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33129</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>150000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>3400 Devon Road</AddressLine1Txt>
            <CityNm>Miami</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33133</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>115000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 41839</AddressLine1Txt>
            <CityNm>Arlington</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22204</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>1521 NW 16th St</AddressLine1Txt>
            <CityNm>Washington</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20036</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>4000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>Soldiers Field</AddressLine1Txt>
            <CityNm>Boston</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02163</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>770 Pacific Street</AddressLine1Txt>
            <CityNm>Stamford</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06902</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>66667</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>516 North Adams Street</AddressLine1Txt>
            <CityNm>Tallahassee</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>32301</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1Txt>3250 SW 3rd Ave 6th Floor</AddressLine1Txt>
            <CityNm>Miami</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33129</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>658167</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>130521</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>499668</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>1142536</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>1772725</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1772725</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="00000002">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>CHARLES E COBB JR</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>PO Box 14-4200</AddressLine1Txt>
          <CityNm>Miami</CityNm>
          <StateAbbreviationCd>FL</StateAbbreviationCd>
          <ZIPCd>331144200</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>1042085</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>TOBIN T COBB</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>18 Red Top Road</AddressLine1Txt>
          <CityNm>Riverside</CityNm>
          <StateAbbreviationCd>CT</StateAbbreviationCd>
          <ZIPCd>06878</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>61667</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="00000004">
      <AccountingFeesDetail>
        <CategoryTxt>JL Hofmann &amp; Associates,PA tax return preparation</CategoryTxt>
        <Amt>6000</Amt>
        <NetInvestmentIncomeAmt>6000</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="00000005">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Walt Disney 5,000 shares</AssetDesc>
        <AcquiredDt>2002-12</AcquiredDt>
        <HowAcquiredTxt>Donated</HowAcquiredTxt>
        <SoldDt>2014-10</SoldDt>
        <GrossSalesPriceAmt>424361</GrossSalesPriceAmt>
        <BasisAmt>153452</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>270909</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Walt Disney 3,125 shares</AssetDesc>
        <AcquiredDt>2002-12</AcquiredDt>
        <HowAcquiredTxt>Donated</HowAcquiredTxt>
        <SoldDt>2015-08</SoldDt>
        <GrossSalesPriceAmt>330915</GrossSalesPriceAmt>
        <BasisAmt>95907</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>235008</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Walt Disney 10,000 shares</AssetDesc>
        <AcquiredDt>2006-12</AcquiredDt>
        <HowAcquiredTxt>Donated</HowAcquiredTxt>
        <SoldDt>2015-08</SoldDt>
        <GrossSalesPriceAmt>1058930</GrossSalesPriceAmt>
        <BasisAmt>202604</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>856326</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Macys Holdings Bond-called</AssetDesc>
        <AcquiredDt>2009-01</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2014-12</SoldDt>
        <GrossSalesPriceAmt>52076</GrossSalesPriceAmt>
        <BasisAmt>39318</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>12758</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Carefusion Distribution 861 shares</AssetDesc>
        <AcquiredDt>2009-09</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-03</SoldDt>
        <GrossSalesPriceAmt>51708</GrossSalesPriceAmt>
        <BasisAmt>5128</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>46580</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Safeway 1,000 shares</AssetDesc>
        <AcquiredDt>2013-06</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2014-04</SoldDt>
        <GrossSalesPriceAmt>35984</GrossSalesPriceAmt>
        <BasisAmt>19455</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>16529</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Chevron 1,000 shares</AssetDesc>
        <AcquiredDt>2015-01</AcquiredDt>
        <SoldDt>2015-08</SoldDt>
        <GrossSalesPriceAmt>85441</GrossSalesPriceAmt>
        <BasisAmt>107646</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>-22205</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Hewlett Packard 1,000 shares</AssetDesc>
        <AcquiredDt>2008-09</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-08</SoldDt>
        <GrossSalesPriceAmt>28562</GrossSalesPriceAmt>
        <BasisAmt>46669</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>-18107</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Vodafone 1,090 shares</AssetDesc>
        <AcquiredDt>2013-08</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-08</SoldDt>
        <GrossSalesPriceAmt>40209</GrossSalesPriceAmt>
        <BasisAmt>63568</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>-23359</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Vodafone 1,090 shares</AssetDesc>
        <AcquiredDt>2013-08</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-08</SoldDt>
        <GrossSalesPriceAmt>40208</GrossSalesPriceAmt>
        <BasisAmt>63627</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>-23419</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Sears Holdings 2,000 shares</AssetDesc>
        <AcquiredDt>2013-01</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-08</SoldDt>
        <GrossSalesPriceAmt>50217</GrossSalesPriceAmt>
        <BasisAmt>76348</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>-26131</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>BP PLC 2,000 shares</AssetDesc>
        <AcquiredDt>2004-08</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-08</SoldDt>
        <GrossSalesPriceAmt>72085</GrossSalesPriceAmt>
        <BasisAmt>113125</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>-41040</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Pernix Therapeutics 1,000 shares</AssetDesc>
        <AcquiredDt>2010-05</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-09</SoldDt>
        <GrossSalesPriceAmt>3504</GrossSalesPriceAmt>
        <BasisAmt>35081</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>-31577</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>BHP Billiton 1,000 shares</AssetDesc>
        <AcquiredDt>2012-09</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-09</SoldDt>
        <GrossSalesPriceAmt>32060</GrossSalesPriceAmt>
        <BasisAmt>68775</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>-36715</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Cadiz 5,000 shares</AssetDesc>
        <AcquiredDt>2010-09</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-09</SoldDt>
        <GrossSalesPriceAmt>39240</GrossSalesPriceAmt>
        <BasisAmt>51410</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>-12170</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Ishares MSCI Brazil 1,000 shares</AssetDesc>
        <AcquiredDt>2011-09</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-09</SoldDt>
        <GrossSalesPriceAmt>22041</GrossSalesPriceAmt>
        <BasisAmt>56189</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>-34148</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Wisdomtree 2,000 shares</AssetDesc>
        <AcquiredDt>2011-09</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-09</SoldDt>
        <GrossSalesPriceAmt>69370</GrossSalesPriceAmt>
        <BasisAmt>96249</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>-26879</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Sears Holding</AssetDesc>
        <AcquiredDt>2013-01</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2014-11</SoldDt>
        <GrossSalesPriceAmt>174</GrossSalesPriceAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>174</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Becton</AssetDesc>
        <AcquiredDt>2015-03</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2015-03</SoldDt>
        <GrossSalesPriceAmt>130</GrossSalesPriceAmt>
        <BasisAmt>128</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>2</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <GeneralExplanationAttachment documentId="00000006">
      <GeneralExplanationGrp>
        <FormAndLineReferenceDesc>Statement #1 - Form in which applications should be submitted</FormAndLineReferenceDesc>
        <MediumExplanationTxt>REQUESTS FOR CONTRIBUTIONS SHOULD INCLUDE A BRIEF HISTORY OF THE ORGANIZATION, A CURRENT LIST OF THE MEMBERS OF THE BOARD OF DIRECTORS AND SENIOR EXECUTIVES, THE CURRENT ANNUAL BUDGET, THE ENTITIES PERCENT OF MANAGEMENT/ADMINISTRATION COSTS TO DOLLARS DISTRIBUTED, THE PROPOSED USE OF REQUESTED FUNDS AND THE AMOUNT OF THE REQUEST. FURTHER, THE FOUNDATION WILL REQUIRE A COPY OF THE ORGANIZATION'S TAX EXEMPT CERTIFICATE.</MediumExplanationTxt>
      </GeneralExplanationGrp>
      <GeneralExplanationGrp>
        <FormAndLineReferenceDesc>Part VII-A - Line 12</FormAndLineReferenceDesc>
        <MediumExplanationTxt>THE FOUNDATION MADE CONTRIBUTIONS TO THE FOLLOWING DONOR ADVISED FUNDS WHICH WERE TREATED BY THE FOUNDATION AS QUALIFYING DISTRIBUTIONS FOR THE CURRENT TAX PERIOD. FUTURE DISTRIBUTIONS FROM THE DONOR ADVISED FUNDS WILL BE MADE ONLY TO AN ORGANIZATION(S) ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES. MIAMI FOUNDATION $275,200</MediumExplanationTxt>
      </GeneralExplanationGrp>
    </GeneralExplanationAttachment>
    <InvestmentsCorpBondsSchedule documentId="00000007">
      <InvestmentsCorporateBondsGrp>
        <BondNm>International Paper 7.95% 6/15/2018</BondNm>
        <EOYBookValueAmt>83239</EOYBookValueAmt>
        <EOYFMVAmt>115773</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Marriot International 5.81% 11/10/2015</BondNm>
        <EOYBookValueAmt>85380</EOYBookValueAmt>
        <EOYFMVAmt>100518</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Allergan, Inc. 1.35% 03/15/2018</BondNm>
        <EOYBookValueAmt>99294</EOYBookValueAmt>
        <EOYFMVAmt>98234</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Western Union Co 3.65% 08/22/2018</BondNm>
        <EOYBookValueAmt>104314</EOYBookValueAmt>
        <EOYFMVAmt>103302</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Buckeye Partners 5.5% 08/15/2009</BondNm>
        <EOYBookValueAmt>112428</EOYBookValueAmt>
        <EOYFMVAmt>105768</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Bank of America 5% 08/5/2020</BondNm>
        <EOYBookValueAmt>110556</EOYBookValueAmt>
        <EOYFMVAmt>109873</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Ford Motor Credit 2.25% 08/20/2019</BondNm>
        <EOYBookValueAmt>99275</EOYBookValueAmt>
        <EOYFMVAmt>98867</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Freeport-Mcmoran 3.1% 03/15/2020</BondNm>
        <EOYBookValueAmt>101717</EOYBookValueAmt>
        <EOYFMVAmt>83250</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Teva Pharm USA 2.25% 03/18/2020</BondNm>
        <EOYBookValueAmt>98517</EOYBookValueAmt>
        <EOYFMVAmt>97964</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Sears Holding Corp 8% 12/15/19</BondNm>
        <EOYBookValueAmt>29000</EOYBookValueAmt>
        <EOYFMVAmt>29036</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="00000008">
      <InvestmentsCorporateStockGrp>
        <StockNm>Stocks - see statement 2</StockNm>
        <EOYBookValueAmt>6957402</EOYBookValueAmt>
        <EOYFMVAmt>14955110</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Schwab Mutual Funds</StockNm>
        <EOYBookValueAmt>387410</EOYBookValueAmt>
        <EOYFMVAmt>408296</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Vanguard Mutual Funds</StockNm>
        <EOYBookValueAmt>2403465</EOYBookValueAmt>
        <EOYFMVAmt>4418239</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="00000009">
      <USGovtObligationsBookVlEOYAmt>1973841</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>2398340</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <OtherAssetsSchedule documentId="00000010">
      <OtherAssetsScheduleGrp>
        <Desc>Purchased Interest</Desc>
        <BOYBookValueAmt>50</BOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000011">
      <OtherAssetsScheduleGrp>
        <Desc>Purchased Interest</Desc>
        <BOYBookValueAmt>50</BOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000012">
      <OtherAssetsScheduleGrp>
        <Desc>Purchased Interest</Desc>
        <BOYBookValueAmt>50</BOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="00000013">
      <OtherExpensesScheduleGrp>
        <Desc>Bank Service Charges</Desc>
        <RevenueAndExpensesPerBooksAmt>535</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>535</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="00000014">
      <TaxesDetail>
        <CategoryTxt>Licenses</CategoryTxt>
        <Amt>114</Amt>
        <NetInvestmentIncomeAmt>114</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Foreign tax paid</CategoryTxt>
        <Amt>2530</Amt>
        <NetInvestmentIncomeAmt>2530</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Federal income taxes</CategoryTxt>
        <Amt>45424</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>