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            <BusinessNameLine1Txt>DAVID BROWER CENTER</BusinessNameLine1Txt>
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          <RecipientBusinessName>
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          <RecipientUSAddress>
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            <StateAbbreviationCd>DC</StateAbbreviationCd>
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            <BusinessNameLine1Txt>ESALEN INSTITUTE</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>3771 RIO RD STE 101</AddressLine1Txt>
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            <ZIPCd>93923</ZIPCd>
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            <ZIPCd>90049</ZIPCd>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FOUNDATION FOR NATIONAL PROGRESS</BusinessNameLine1Txt>
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            <CityNm>SAN FRANCISCO</CityNm>
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            <ZIPCd>94108</ZIPCd>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>GOLESTAN CENTER FOR LANGUAGE IMMERSION AND CULTURA</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>1808 5TH ST</AddressLine1Txt>
            <CityNm>BERKELEY</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94710</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General &amp; Unrestricted</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>HUMAN RIGHTS WATCH INC</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>350 5TH AVE FL 34</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10118</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General &amp; Unrestricted</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INDEPENDENT FEATURE PROJECT INC</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>30 JOHN ST</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11201</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
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          <GrantOrContributionPurposeTxt>The Age of Love Project</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INTERNATIONAL SOCIETY FOR CHILDREN WITH CANCER</BusinessNameLine1Txt>
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          <RecipientUSAddress>
            <AddressLine1Txt>17155 GILLETTE AVE UNIT B</AddressLine1Txt>
            <CityNm>IRVINE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92614</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>IRANIAN ALLIANCES ACROSS BORDERS</BusinessNameLine1Txt>
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            <AddressLine1Txt>154 GRAND ST</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10013</ZIPCd>
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          <GrantOrContributionPurposeTxt>The YAR Institute: Youth Advancing Research Program</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>IRANIAN AMERICAN WOMEN FOUNDATION</BusinessNameLine1Txt>
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            <AddressLine1Txt>2182 DUPONT DR STE 7</AddressLine1Txt>
            <CityNm>IRVINE</CityNm>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KEEP CHILDREN IN SCHOOL FOUNDATION</BusinessNameLine1Txt>
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            <AddressLine1Txt>1749 WELLESLEY AVE</AddressLine1Txt>
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            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90025</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
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          <RecipientBusinessName>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MOMS AGAINST POVERTY</BusinessNameLine1Txt>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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          <RecipientBusinessName>
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            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94123</ZIPCd>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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            <CityNm>SAN FRANCISCO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94108</ZIPCd>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
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            <BusinessNameLine1Txt>OMID FOUNDATION USA</BusinessNameLine1Txt>
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            <CityNm>BETHESDA</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>20817</ZIPCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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            <CityNm>NEW YORK</CityNm>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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          <RecipientBusinessName>
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            <StateAbbreviationCd>CA</StateAbbreviationCd>
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          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Foster Youth Guardian Scholarship Program</GrantOrContributionPurposeTxt>
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        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
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            <StateAbbreviationCd>VT</StateAbbreviationCd>
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          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
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            <BusinessNameLine1Txt>WOMEN MAKE MOVIES INC</BusinessNameLine1Txt>
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      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>EXELON GENERATION CO LLC NT -</BondNm>
        <EOYBookValueAmt>126338</EOYBookValueAmt>
        <EOYFMVAmt>122235</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FORD MOTOR CREDIT CO - 3.000%</BondNm>
        <EOYBookValueAmt>149945</EOYBookValueAmt>
        <EOYFMVAmt>153902</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FREEPORT-MCMORAN COPPER &amp; GOLD</BondNm>
        <EOYBookValueAmt>116408</EOYBookValueAmt>
        <EOYFMVAmt>113736</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GENERAL ELEC CAP CORP - 5.300%</BondNm>
        <EOYBookValueAmt>230510</EOYBookValueAmt>
        <EOYFMVAmt>234108</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GOLDMAN SACHS - 5.625% - 01/15</BondNm>
        <EOYBookValueAmt>129689</EOYBookValueAmt>
        <EOYFMVAmt>139460</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>HSBC FINANCE CORP - 5.50% - 01</BondNm>
        <EOYBookValueAmt>139443</EOYBookValueAmt>
        <EOYFMVAmt>135916</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>JEFFERIES GROUP INC NTS - 8.50</BondNm>
        <EOYBookValueAmt>127486</EOYBookValueAmt>
        <EOYFMVAmt>131813</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>JP MORGAN CHASE - 6.00% - 10/0</BondNm>
        <EOYBookValueAmt>233356</EOYBookValueAmt>
        <EOYFMVAmt>233076</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>KIMCO REALTY CORP - 6.875% - 1</BondNm>
        <EOYBookValueAmt>124958</EOYBookValueAmt>
        <EOYFMVAmt>124443</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>METLIFE INC - 7.717% - 02/15/2</BondNm>
        <EOYBookValueAmt>223469</EOYBookValueAmt>
        <EOYFMVAmt>224177</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MORGAN STANLEY - 5.50% - 01/26</BondNm>
        <EOYBookValueAmt>225439</EOYBookValueAmt>
        <EOYFMVAmt>253238</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>OCCIDENTAL PETE CORP-1.50%-02/</BondNm>
        <EOYBookValueAmt>193992</EOYBookValueAmt>
        <EOYFMVAmt>192919</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>PROLOGIS LP BOND - 3.35% - 02/</BondNm>
        <EOYBookValueAmt>119981</EOYBookValueAmt>
        <EOYFMVAmt>121611</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>RIO TINTO FIN (USA) LTD NT - 2</BondNm>
        <EOYBookValueAmt>159427</EOYBookValueAmt>
        <EOYFMVAmt>157851</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>US BANK NA CINCINNATI - 2.125%</BondNm>
        <EOYBookValueAmt>214807</EOYBookValueAmt>
        <EOYFMVAmt>214303</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>VERIZON COMMUNICATIONS INC - 5</BondNm>
        <EOYBookValueAmt>220030</EOYBookValueAmt>
        <EOYFMVAmt>220846</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>WELLS FARGO CO MTN BE - 3.45%</BondNm>
        <EOYBookValueAmt>98683</EOYBookValueAmt>
        <EOYFMVAmt>101349</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>EATON VANCE FLOATING RATE ADVA</StockNm>
        <EOYBookValueAmt>289637</EOYBookValueAmt>
        <EOYFMVAmt>278537</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>IVY HIGH INCOME FUND CLASS I</StockNm>
        <EOYBookValueAmt>280860</EOYBookValueAmt>
        <EOYFMVAmt>265974</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <USGovtObligationsBookVlEOYAmt>2806356</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>2787866</USGovtObligationsEOYFMVAmt>
      <StateLocalSecBookVlEOYAmt>1087839</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>1139187</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>GOLUB CAPITAL PTNRS INT'L VII</CategoryOrItemTxt>
        <BookValueAmt>529809</BookValueAmt>
        <EOYFMVAmt>868320</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>HERSHISER INCOME FUND II, LP</CategoryOrItemTxt>
        <BookValueAmt>500012</BookValueAmt>
        <EOYFMVAmt>500000</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSch">
      <LegalFeesGrp>
        <CategoryTxt>General Consultations</CategoryTxt>
        <LegalFeesAmt>3617</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>3617</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssetsScheduleGrp>
        <Desc>PRI_ (1) GOLESTAN CENTER</Desc>
        <EOYBookValueAmt>149000</EOYBookValueAmt>
        <EOYFMVAmt>149000</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>PRI_ (2) GOLESTAN CENTER</Desc>
        <EOYBookValueAmt>974998</EOYBookValueAmt>
        <EOYFMVAmt>974998</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>Administrative Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>41117</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>41117</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Equipment Maintenance</Desc>
        <RevenueAndExpensesPerBooksAmt>82</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>82</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Foundation Dues &amp; Memberships</Desc>
        <RevenueAndExpensesPerBooksAmt>3000</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>3000</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Indemnification Insurance</Desc>
        <RevenueAndExpensesPerBooksAmt>1123</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1123</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>K-1 Exp HERSHISER INCOME FUND</Desc>
        <RevenueAndExpensesPerBooksAmt>3131</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3131</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TECH SUPPORT &amp; INSTALLATION</Desc>
        <RevenueAndExpensesPerBooksAmt>120</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>120</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office Supplies</Desc>
        <RevenueAndExpensesPerBooksAmt>1147</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1147</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Payroll Processing Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>672</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>672</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>State or Local Filing Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>25</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>K-1 Inc/Loss HERSHISER INCOME FUND II, LP</Desc>
        <RevenueAndExpensesPerBooksAmt>46863</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>46863</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment Management Services</CategoryTxt>
        <Amt>27867</Amt>
        <NetInvestmentIncomeAmt>27867</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Website Development</CategoryTxt>
        <Amt>9700</Amt>
        <DisbursementsCharitablePrpsAmt>9700</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>990-PF Estimated Tax for 2014</CategoryTxt>
        <Amt>7700</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>