﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2014v5.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2015-07-22T16:38:41-07:00</ReturnTs>
    <TaxPeriodEndDt>2014-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Guzman &amp; Gray Certified Public Accountants</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>4510 E Pacific Coast Highway Suite</AddressLine1Txt>
        <CityNm>Long Beach</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>90804</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2014-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>330345249</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE JOSEPHINE S GUMBINER FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>JOSE</BusinessNameControlTxt>
      <PhoneNum>5624372882</PhoneNum>
      <USAddress>
        <AddressLine1Txt>333 W BROADWAY</AddressLine1Txt>
        <CityNm>LONG BEACH</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>90802</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>LEE GUMBINER</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2015-06-30</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>MARK GRAY CPA</PreparerPersonNm>
      <PTIN>P00048565</PTIN>
      <PhoneNum>5624980997</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2014</TaxYr>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="7">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation 990PFBinaryAttachments.1 990PFBinaryAttachments.2" softwareId="14000265" softwareVersionNum="2014v5.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>14371297</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>397320</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>397320</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>179140</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>4254193</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>179140</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>576460</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>576460</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>92024</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>92024</CompOfcrDirTrstDsbrsChrtblAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>4076</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>4076</OthEmplSlrsWgsDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">9554</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>2389</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>9554</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">71255</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>71255</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">18535</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>810</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>7685</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="DepreciationSchedule">196</DeprecAndDpltnRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">34974</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>34974</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>230614</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>74454</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>148313</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>655929</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>655929</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>886543</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>74454</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>804242</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-310083</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>502006</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>34714</CashBOYAmt>
        <CashEOYAmt>24783</CashEOYAmt>
        <CashEOYFMVAmt>24784</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>141557</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>34332</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>34333</SavAndTempCashInvstEOYFMVAmt>
        <PrepaidExpensesBOYAmt>2245</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>3416</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>3416</PrepaidExpensesEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>2239921</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt>1710734</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>1689972</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>4653063</CorporateStockBOYAmt>
        <CorporateStockEOYAmt>4132914</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>7051096</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>4737297</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt>5592730</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>5567689</CorporateBondsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>37318</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>37311</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>203</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="LandEtcSchedule2">7</LandEOYAmt>
        <LandEOYFMVAmt>7</LandEOYFMVAmt>
        <TotalAssetsBOYAmt>11809000</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>11498916</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>14371297</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="OtherLiabilitiesSchedule">502</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="OtherLiabilitiesSchedule">501</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>502</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>501</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>11808498</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>11498415</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>11808498</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>11498415</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>11809000</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>11498916</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>11808498</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-310083</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>11498415</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>11498415</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1500 ISHARES MSCI EMRG MKT FDEMERGING MRKTS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-01-01</AcquiredDt>
          <SoldDt>2014-01-22</SoldDt>
          <GrossSalesPriceAmt>60218</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>50212</CostOrOtherBasisAmt>
          <GainOrLossAmt>10006</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>10006</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1000 ISHARES MSCI EMRG MKT FDEMERGING MRKTS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2009-03-23</AcquiredDt>
          <SoldDt>2014-01-24</SoldDt>
          <GrossSalesPriceAmt>38464</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>25857</CostOrOtherBasisAmt>
          <GainOrLossAmt>12607</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>12607</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1 VODAFONE GROUP NEW ADR FSPONSORED</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-03-05</AcquiredDt>
          <SoldDt>2014-02-25</SoldDt>
          <GrossSalesPriceAmt>33</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>40</CostOrOtherBasisAmt>
          <GainOrLossAmt>-7</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-7</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1250 MCCORMICK &amp; CO INC N-VTNON VOTING SHARES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-05-27</AcquiredDt>
          <SoldDt>2014-01-30</SoldDt>
          <GrossSalesPriceAmt>80783</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>62358</CostOrOtherBasisAmt>
          <GainOrLossAmt>18425</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>18425</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>175000 FFCB</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-10-17</AcquiredDt>
          <SoldDt>2014-02-04</SoldDt>
          <GrossSalesPriceAmt>168169</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>175602</CostOrOtherBasisAmt>
          <GainOrLossAmt>-7433</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-7433</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>200000 HEWLETT PACKARD C</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-12-06</AcquiredDt>
          <SoldDt>2014-02-04</SoldDt>
          <GrossSalesPriceAmt>210288</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>199580</CostOrOtherBasisAmt>
          <GainOrLossAmt>10708</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>10708</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>16516 PIMCO ALL ASSET INSTL CL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-09-27</AcquiredDt>
          <SoldDt>2014-02-14</SoldDt>
          <GrossSalesPriceAmt>199975</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>200000</CostOrOtherBasisAmt>
          <GainOrLossAmt>-25</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-25</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1 VERIZON COMMUNICATIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-08-16</AcquiredDt>
          <SoldDt>2014-02-24</SoldDt>
          <GrossSalesPriceAmt>35</GrossSalesPriceAmt>
          <GainOrLossAmt>35</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>35</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>150000 FHLB</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-09-12</AcquiredDt>
          <SoldDt>2014-03-04</SoldDt>
          <GrossSalesPriceAmt>143270</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>149756</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6486</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6486</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>250 CERNER CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2008-10-22</AcquiredDt>
          <SoldDt>2014-03-18</SoldDt>
          <GrossSalesPriceAmt>14875</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2359</CostOrOtherBasisAmt>
          <GainOrLossAmt>12516</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>12516</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1000 CISCO SYSTEMS INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-02-03</AcquiredDt>
          <SoldDt>2014-03-18</SoldDt>
          <GrossSalesPriceAmt>21344</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>20134</CostOrOtherBasisAmt>
          <GainOrLossAmt>1210</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1210</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1000 NUANCE COMMUN INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-06-06</AcquiredDt>
          <SoldDt>2014-03-18</SoldDt>
          <GrossSalesPriceAmt>15931</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>21188</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5257</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5257</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>300 PUBLIC STORAGE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-01-01</AcquiredDt>
          <SoldDt>2014-03-18</SoldDt>
          <GrossSalesPriceAmt>50204</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>32777</CostOrOtherBasisAmt>
          <GainOrLossAmt>17427</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>17427</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>300 VF CORPORATION</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-09-06</AcquiredDt>
          <SoldDt>2014-03-18</SoldDt>
          <GrossSalesPriceAmt>18770</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9330</CostOrOtherBasisAmt>
          <GainOrLossAmt>9440</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>9440</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>200000 GTE CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-03-16</AcquiredDt>
          <SoldDt>2014-03-19</SoldDt>
          <GrossSalesPriceAmt>239360</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>244117</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4757</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4757</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>150 ACTAVIS INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-10-01</AcquiredDt>
          <SoldDt>2014-04-10</SoldDt>
          <GrossSalesPriceAmt>29318</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>21600</CostOrOtherBasisAmt>
          <GainOrLossAmt>7718</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7718</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1 TIME INC NEW COM</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-05-12</AcquiredDt>
          <SoldDt>2014-06-10</SoldDt>
          <GrossSalesPriceAmt>17</GrossSalesPriceAmt>
          <GainOrLossAmt>17</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>17</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>150000 US TREA NT 2/15/21</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-11-22</AcquiredDt>
          <SoldDt>2014-05-01</SoldDt>
          <GrossSalesPriceAmt>164320</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>165117</CostOrOtherBasisAmt>
          <GainOrLossAmt>-797</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-797</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>50 APPLE COMPUTER INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2008-10-24</AcquiredDt>
          <SoldDt>2014-04-10</SoldDt>
          <GrossSalesPriceAmt>26483</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4778</CostOrOtherBasisAmt>
          <GainOrLossAmt>21705</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>21705</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>750 AUTO DATA PROCESSING</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-03-26</AcquiredDt>
          <SoldDt>2014-06-04</SoldDt>
          <GrossSalesPriceAmt>59001</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>48540</CostOrOtherBasisAmt>
          <GainOrLossAmt>10461</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>10461</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>250 CERNER CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2008-10-22</AcquiredDt>
          <SoldDt>2014-04-01</SoldDt>
          <GrossSalesPriceAmt>14104</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2359</CostOrOtherBasisAmt>
          <GainOrLossAmt>11745</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>11745</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>250 CHICAGO BRDG &amp; IRON NY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-05-17</AcquiredDt>
          <SoldDt>2014-06-17</SoldDt>
          <GrossSalesPriceAmt>16730</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15446</CostOrOtherBasisAmt>
          <GainOrLossAmt>1284</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1284</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>750 CHICAGO BRDG &amp; IRON NY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-05-08</AcquiredDt>
          <SoldDt>2014-06-17</SoldDt>
          <GrossSalesPriceAmt>50191</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>42879</CostOrOtherBasisAmt>
          <GainOrLossAmt>7312</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7312</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>500 COCA COLA CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2008-10-31</AcquiredDt>
          <SoldDt>2014-04-01</SoldDt>
          <GrossSalesPriceAmt>19252</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11478</CostOrOtherBasisAmt>
          <GainOrLossAmt>7774</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7774</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>500 MCDONALDS CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2008-01-11</AcquiredDt>
          <SoldDt>2014-04-01</SoldDt>
          <GrossSalesPriceAmt>48934</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>27071</CostOrOtherBasisAmt>
          <GainOrLossAmt>21863</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>21863</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>250 MCDONALDS CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2008-10-13</AcquiredDt>
          <SoldDt>2014-04-01</SoldDt>
          <GrossSalesPriceAmt>24467</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14205</CostOrOtherBasisAmt>
          <GainOrLossAmt>10262</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>10262</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1000 NUANCE COMUN INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-06-06</AcquiredDt>
          <SoldDt>2014-04-10</SoldDt>
          <GrossSalesPriceAmt>16483</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>21188</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4705</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4705</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1500 VERISK ANALYTICS INC CLA</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-04-20</AcquiredDt>
          <SoldDt>2014-04-01</SoldDt>
          <GrossSalesPriceAmt>89623</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>72020</CostOrOtherBasisAmt>
          <GainOrLossAmt>17603</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>17603</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>273 VODAFONE GROUP PIC ADR'</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-03-05</AcquiredDt>
          <SoldDt>2014-04-01</SoldDt>
          <GrossSalesPriceAmt>9990</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>13363</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3373</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3373</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>408 VODAFONE GROUP PIC ADR'</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-08-16</AcquiredDt>
          <SoldDt>2014-04-01</SoldDt>
          <GrossSalesPriceAmt>14955</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>20804</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5849</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5849</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>250 NOW INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-09-16</AcquiredDt>
          <SoldDt>2014-07-24</SoldDt>
          <GrossSalesPriceAmt>8366</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7914</CostOrOtherBasisAmt>
          <GainOrLossAmt>452</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>452</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>93 TIME INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-05-12</AcquiredDt>
          <SoldDt>2014-07-24</SoldDt>
          <GrossSalesPriceAmt>2254</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2092</CostOrOtherBasisAmt>
          <GainOrLossAmt>162</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>162</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>200000 MORGAN STANLEY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-09-23</AcquiredDt>
          <SoldDt>2014-07-28</SoldDt>
          <GrossSalesPriceAmt>200000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>203624</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3624</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3624</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>500 TJX COS INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-01-05</AcquiredDt>
          <SoldDt>2014-07-24</SoldDt>
          <GrossSalesPriceAmt>26742</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16515</CostOrOtherBasisAmt>
          <GainOrLossAmt>10227</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>10227</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>300 VF CORPORATION</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-09-16</AcquiredDt>
          <SoldDt>2014-07-24</SoldDt>
          <GrossSalesPriceAmt>18729</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9330</CostOrOtherBasisAmt>
          <GainOrLossAmt>9399</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>9399</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>2000 PIMCO HIGH YIELD CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-03-04</AcquiredDt>
          <SoldDt>2014-07-31</SoldDt>
          <GrossSalesPriceAmt>209422</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>213729</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4307</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4307</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>50000 AMER EXPRESS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-06-07</AcquiredDt>
          <SoldDt>2014-08-25</SoldDt>
          <GrossSalesPriceAmt>50000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>53950</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3950</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3950</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>175000 AMER EXPRESS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-02-08</AcquiredDt>
          <SoldDt>2014-08-25</SoldDt>
          <GrossSalesPriceAmt>175000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>192679</CostOrOtherBasisAmt>
          <GainOrLossAmt>-17679</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-17679</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>50000 CAMPBELL SOUP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-07-30</AcquiredDt>
          <SoldDt>2014-08-01</SoldDt>
          <GrossSalesPriceAmt>50000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>50000</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>50000 GOLDMAN SACHS FLOATER</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-12-28</AcquiredDt>
          <SoldDt>2014-09-29</SoldDt>
          <GrossSalesPriceAmt>50000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>48813</CostOrOtherBasisAmt>
          <GainOrLossAmt>1187</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1187</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>175000 GOLDMAN SACHS FLOATER</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-02-23</AcquiredDt>
          <SoldDt>2014-09-29</SoldDt>
          <GrossSalesPriceAmt>175000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>169993</CostOrOtherBasisAmt>
          <GainOrLossAmt>5007</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5007</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>250 MONDELEZ INTL INC CL A</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2011-08-05</AcquiredDt>
          <SoldDt>2014-09-09</SoldDt>
          <GrossSalesPriceAmt>8824</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5648</CostOrOtherBasisAmt>
          <GainOrLossAmt>3176</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3176</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1500 MONDELEZ INTL INC CL A</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-25</AcquiredDt>
          <SoldDt>2014-09-09</SoldDt>
          <GrossSalesPriceAmt>52943</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>30003</CostOrOtherBasisAmt>
          <GainOrLossAmt>22940</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>22940</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1000 NUANCE COMMUN INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-06-06</AcquiredDt>
          <SoldDt>2014-09-09</SoldDt>
          <GrossSalesPriceAmt>16522</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>21188</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4666</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4666</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1500 ROCHE HLDG LTD SPON ADRF</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-06-19</AcquiredDt>
          <SoldDt>2014-09-09</SoldDt>
          <GrossSalesPriceAmt>54267</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>32099</CostOrOtherBasisAmt>
          <GainOrLossAmt>22168</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>22168</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>250000 SIMON PPTY GROUP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-01-24</AcquiredDt>
          <SoldDt>2014-09-17</SoldDt>
          <GrossSalesPriceAmt>258678</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>257113</CostOrOtherBasisAmt>
          <GainOrLossAmt>1565</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1565</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>4500 SPDR SENIOR LOAN</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-08-09</AcquiredDt>
          <SoldDt>2014-08-14</SoldDt>
          <GrossSalesPriceAmt>222511</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>225009</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2498</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2498</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1000 DEVON ENERGY CP NEW</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-04-10</AcquiredDt>
          <SoldDt>2014-10-08</SoldDt>
          <GrossSalesPriceAmt>62474</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>69139</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6665</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6665</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1750 TRINITY INDUSTRIES INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-01-01</AcquiredDt>
          <SoldDt>2014-10-22</SoldDt>
          <GrossSalesPriceAmt>59852</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>83774</CostOrOtherBasisAmt>
          <GainOrLossAmt>-23922</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-23922</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>100000 US TREASURY NT</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-05-13</AcquiredDt>
          <SoldDt>2014-10-16</SoldDt>
          <GrossSalesPriceAmt>101000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>102926</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1926</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1926</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1000 NATIONAL OILWELL VARCO INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-09-06</AcquiredDt>
          <SoldDt>2014-11-03</SoldDt>
          <GrossSalesPriceAmt>72142</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>70379</CostOrOtherBasisAmt>
          <GainOrLossAmt>1763</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1763</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>300000 GENERAL ELECTRIC CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2010-03-05</AcquiredDt>
          <SoldDt>2014-11-04</SoldDt>
          <GrossSalesPriceAmt>333880</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>322244</CostOrOtherBasisAmt>
          <GainOrLossAmt>11636</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>11636</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>200000 WELLS FARGO &amp; CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-05-09</AcquiredDt>
          <SoldDt>2014-11-15</SoldDt>
          <GrossSalesPriceAmt>200000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>212734</CostOrOtherBasisAmt>
          <GainOrLossAmt>-12734</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-12734</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>179140</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-30973</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>783753</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>13707335</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.05718</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>797065</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>13507583</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.05901</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>642288</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>13451191</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.04775</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>772753</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>13277361</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.05820</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>708767</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>11966075</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.05923</DistributionYr5Rt>
        <TotalDistributionRt>0.28137</TotalDistributionRt>
        <AverageDistributionRt>0.05627</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>14273883</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>803248</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>5020</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>808268</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>804242</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>10040</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>10040</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>10040</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>13456</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>13456</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>3416</OverpaymentAmt>
        <AppliedToESTaxAmt>3416</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>false</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>JSGF.ORG</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>EXECUTIVE DIRECTOR</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>5624372882</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>333 W BROADWAY STE 312</AddressLine1Txt>
          <CityNm>LONG BEACH</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90802</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>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ALIS GUMBINER</PersonNm>
          <USAddress>
            <AddressLine1Txt>333 W BROADWAY STE 312</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90802</ZIPCd>
          </USAddress>
          <TitleTxt>CFO</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ART GOTTLIEB</PersonNm>
          <USAddress>
            <AddressLine1Txt>333 W BROADWAY STE 312</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90802</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>750</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DENNIS ROCKWAY</PersonNm>
          <USAddress>
            <AddressLine1Txt>333 W BROADWAY STE 312</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90802</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>1000</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ALEX NORMAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>333 W BROADWAY STE 312</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90802</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>750</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BURKE GUMBINER</PersonNm>
          <USAddress>
            <AddressLine1Txt>333 W BROADWAY STE 312</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90802</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LEE GUMBINER</PersonNm>
          <USAddress>
            <AddressLine1Txt>333 W BROADWAY STE 312</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90802</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JULIE MEENAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>333 W BROADWAY STE 312</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90802</ZIPCd>
          </USAddress>
          <TitleTxt>Sec/Exec Direct</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>35.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>89524</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>COVINGTON CAPITAL MANAGEMENT</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>601 S FIGUEROA ST STE 2000</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>900175726</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT ADVISORY</ServiceTypeTxt>
          <CompensationAmt>71255</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>14301752</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>189500</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>14491252</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>14491252</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>217369</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>14273883</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>713694</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>713694</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>10040</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>10040</TotalTaxAmt>
        <DistributableBeforeAdjAmt>703654</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>703654</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>703654</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>804242</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>804242</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>804242</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>703654</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>117193</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>121017</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr2Amt>137384</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>111842</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>487436</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>804242</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>703654</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>100588</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>588024</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>117193</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>470831</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>121017</ExcessFromYear4Amt>
        <ExcessFromYear2Amt>137384</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>111842</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>100588</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>JOSEPHINE S GUMBINER FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>333 W BROADWAY STE 312</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>908024438</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5624374212</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>SEE STATEMENT #12</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE-BOARD MEETINGS QUARTERLY TO CONSIDER NEW FUNDING.</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>PREFERENCE WILL BE GIVEN TO 501(C)(3) ORGANIZATIONS INVOLVED IN PROGRAMS FOR PROTECTING AND ENRICHING THE LIVES OF WOMEN AND CHILDREN IN THE LONG BEACH AREA OF SOUTHERN CALIFORNIA, AND PARTICULARLY PROGRAMS FOCUSING ON DAY CARE, EDUCATION, HOUSING, RECREATION, THE ARTS AND HEALTH CARE. THE FOUNDATION DOES NOT MAKE GRANTS TO INDIVIDUALS, POLITICAL CAMPAIGNS, LOBBYING EFFORTS OR ANY ORGANIZATIONS THAT DISCRIMINATE ON THE BASIS OF RACE, CREED, SEXUAL ORIENTATION OR NATIONAL ORIGIN.THE FOUNDATION IS PRIMARILY INTERESTED IN AWARDING GRANTS IN AMOUNTS UP TO $50,000. FOR GRANTS OF $25,000 OR MORE, THE FOUNDATION MAY ELECT TO DISTRIBUTE THE DESIGNATED FUNDS IN A SERIES OF PAYMENTS OVER THE LIFE OF THE PROJECT.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE STATEMENT 13 FOR A DETAIL LISTING</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>333 W BROADWAY STE 312</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90802</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EOF</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL DONATION</GrantOrContributionPurposeTxt>
          <Amt>655929</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>655929</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>397320</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>179140</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>397320</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>179140</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>576460</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>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="14000265" softwareVersionNum="2014v5.0">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>9554</Amt>
        <NetInvestmentIncomeAmt>2389</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>9554</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSchedule" softwareId="14000265" softwareVersionNum="2014v5.0">
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER</PropertyDesc>
        <AcquiredDt>2009-12-28</AcquiredDt>
        <CostOrOtherBasisAmt>768</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>616</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>152</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>PHONE</PropertyDesc>
        <AcquiredDt>2009-12-28</AcquiredDt>
        <CostOrOtherBasisAmt>220</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>176</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>44</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <LandEtcSchedule2 documentId="LandEtcSchedule2" softwareId="14000265" softwareVersionNum="2014v5.0">
      <LandEtcGrp>
        <CategoryOrItemTxt>Furniture and Fixtures</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3263</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3263</AccumulatedDepreciationAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Machinery and Equipment</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>30325</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>30318</AccumulatedDepreciationAmt>
        <BookValueAmt>7</BookValueAmt>
        <EOYFMVAmt>7</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Miscellaneous</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>3730</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3730</AccumulatedDepreciationAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="14000265" softwareVersionNum="2014v5.0">
      <OtherExpensesScheduleGrp>
        <Desc>ASSOCIATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>2844</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2844</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BOOKS, SUBSCRIPTIONS &amp; POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>476</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>476</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EDUCATION/CONFERENCES/TRAVEL</Desc>
        <RevenueAndExpensesPerBooksAmt>7071</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>7071</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>3247</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>3247</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MEETINGS &amp; CONFERENCES</Desc>
        <RevenueAndExpensesPerBooksAmt>1698</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1698</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MILEAGE &amp; PARKING</Desc>
        <RevenueAndExpensesPerBooksAmt>1453</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1453</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXP &amp; SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>1824</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1824</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OUTSIDE SERVICES</Desc>
        <RevenueAndExpensesPerBooksAmt>75</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>75</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PAYROLL SERVICE FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>1523</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1523</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>RENT/PARKING/UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>12000</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>12000</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>2763</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2763</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="14000265" softwareVersionNum="2014v5.0">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>FINANCIAL MGMT FEE</CategoryTxt>
        <Amt>71255</Amt>
        <NetInvestmentIncomeAmt>71255</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="14000265" softwareVersionNum="2014v5.0">
      <TaxesDetail>
        <CategoryTxt>EMPLOYER PAYROLL TAXES</CategoryTxt>
        <Amt>7685</Amt>
        <DisbursementsCharitablePrpsAmt>7685</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAXES &amp; STATE TAX</CategoryTxt>
        <Amt>10040</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES WITHHELD ON INVESTMENTS</CategoryTxt>
        <Amt>810</Amt>
        <NetInvestmentIncomeAmt>810</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>