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          <RecipientPersonNm>HENRY M ROWAN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>10 INDEL AVENUE</AddressLine1Txt>
            <CityNm>RANCOCAS</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08073</ZIPCd>
          </RecipientUSAddress>
          <FormAndInfoAndMaterialsTxt>ANY FORMAT IS ACCEPTABLE</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NO</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>NO</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE SCHEDULE ATTACHED</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>VARIOUS</AddressLine1Txt>
            <CityNm>VARIOUS</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>00000</ZIPCd>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>N/A</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL PURPOSES</GrantOrContributionPurposeTxt>
          <Amt>7775000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>7775000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>9187041</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>NON-REPORTABLE DISTRIBUTIONS</Desc>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>9187041</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>9187041</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>N/A</LineNumberTxt>
          <RelationshipStatementTxt>N/A</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <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>
    <AccountingFeesSchedule documentId="00000002">
      <AccountingFeesDetail>
        <CategoryTxt>DOUGLAS H. SELL, CPA TAX RESEARCH AND RETURN PREPARATION</CategoryTxt>
        <Amt>1100</Amt>
        <NetInvestmentIncomeAmt>1100</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="00000003">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>SEE SCHEDULE ATTACHED</AssetDesc>
        <GrossSalesPriceAmt>64228279</GrossSalesPriceAmt>
        <BasisAmt>57553298</BasisAmt>
        <TotalNetAmt>6674981</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>LONG TERM CAPITAL GAIN DISTRIBUTIONS FROM SECURITIES</AssetDesc>
        <GrossSalesPriceAmt>2512060</GrossSalesPriceAmt>
        <TotalNetAmt>2512060</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="00000004">
      <InvestmentsCorporateStockGrp>
        <StockNm>CHARLES SCHWAB</StockNm>
        <EOYBookValueAmt>208324403</EOYBookValueAmt>
        <EOYFMVAmt>244989595</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherDecreasesSchedule documentId="00000005">
      <OtherDecreasesDetail>
        <Desc>FEDERAL EXCISE TAX</Desc>
        <Amt>1071544</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="00000006">
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>107</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>107</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="00000007">
      <OtherIncomeDetail>
        <Desc>NON-REPORTABLE INCOME</Desc>
        <RevenueAndExpensesPerBooksAmt>143408</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>143408</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="00000008">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>WHARTON BUSINESS GROUP INVESTMENT MANAGEMENT</CategoryTxt>
        <Amt>659161</Amt>
        <NetInvestmentIncomeAmt>659161</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="00000009">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES PAID</CategoryTxt>
        <Amt>132677</Amt>
        <NetInvestmentIncomeAmt>132677</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>