﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2013v3.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2014-06-23T11:41:01-05:00</ReturnTs>
    <TaxPeriodEndDt>2013-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1>BKD LLP</BusinessNameLine1>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1>P O Box 628</AddressLine1>
        <City>Evansville</City>
        <State>IN</State>
        <ZIPCode>477040628</ZIPCode>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2013-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>201685394</EIN>
      <BusinessName>
        <BusinessNameLine1>The Gies Foundation</BusinessNameLine1>
      </BusinessName>
      <InCareOfNm>% JOHN E UDELHOFEN</InCareOfNm>
      <BusinessNameControlTxt>GIES</BusinessNameControlTxt>
      <PhoneNum>3122770159</PhoneNum>
      <USAddress>
        <AddressLine1>500 West Madison Street Suite 3890</AddressLine1>
        <AddressLine2>Suite</AddressLine2>
        <City>Chicago</City>
        <State>IL</State>
        <ZIPCode>606614593</ZIPCode>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Larry W Gies</PersonNm>
      <PersonTitleTxt>Director/President</PersonTitleTxt>
      <PhoneNum>3122770169</PhoneNum>
      <SignatureDt>2014-05-25</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Sidney I Dill CPA</PreparerPersonNm>
      <PhoneNum>8124286500</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2013</TaxYr>
    <BuildTS>2015-12-30 17:16:21Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="13">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>7416406</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>0</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>180468</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>140968</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>83573</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>1730097</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>83573</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>264041</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>224541</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSch">3000</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>0</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>3000</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OthProfFeesSch">9664</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>9664</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">2947</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>1440</TaxesNetInvstIncmAmt>
        <TravConfMeetingRevAndExpnssAmt>102</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingDsbrsChrtblAmt>102</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSch">54</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>54</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>15767</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>11104</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>3156</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>721570</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>721570</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>737337</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>11104</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>724726</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-473296</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>213437</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>4767</CashBOYAmt>
        <SavAndTempCashInvstBOYAmt>1964806</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>1586914</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>1586914</SavAndTempCashInvstEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>800000</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="InvGovtObligSch">800000</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>896666</USGovtObligationsEOYFMVAmt>
        <CorporateStockEOYFMVAmt>1481</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>909669</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="InvestCorpBondsSch">660738</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>741017</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>2929671</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvOtherSch2">3087965</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>4190328</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>6608913</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>6135617</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>7416406</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <AdditionalPaidInCapitalBOYAmt>571983</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>571983</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>6036930</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>5563634</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>6608913</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>6135617</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>6608913</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>6135617</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>6608913</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-473296</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>6135617</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>6135617</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>1730097</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1646524</CostOrOtherBasisAmt>
          <GainOrLossAmt>83573</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>83573</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>83573</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>596655</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>4609447</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.129442</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>569562</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>4762573</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.119591</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>451499</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>4926286</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.091651</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>414983</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>4788844</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.086656</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>229121</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>4707535</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.048671</DistributionYr5Rt>
        <TotalDistributionRt>0.476011</TotalDistributionRt>
        <AverageDistributionRt>0.095202</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>7266737</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>691808</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>2134</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>693942</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>724726</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>2134</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>2134</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>2134</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>2120</EstimatedPlusOvpmtIncmTxAmt>
        <AppliedToEsTaxAmt>3000</AppliedToEsTaxAmt>
        <TotalPaymentsAndCreditsAmt>5120</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>2986</OverpaymentAmt>
        <AppliedToESTaxAmt>2986</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>IL</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1>JOHN E UDELHOFEN</BusinessNameLine1>
        </PersonsWithBooksName>
        <PhoneNum>3122770156</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1>500 WEST MADISON STREET SUITE 3890</AddressLine1>
          <City>CHICAGO</City>
          <State>IL</State>
          <ZIPCode>606614593</ZIPCode>
        </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>
          <PersonNm>LARRY W GIES</PersonNm>
          <USAddress>
            <AddressLine1>500 West Madison Street Suite 3890</AddressLine1>
            <City>Chicago</City>
            <State>IL</State>
            <ZIPCode>606614593</ZIPCode>
          </USAddress>
          <TitleTxt>DIRECTOR/PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BETH G GIES</PersonNm>
          <USAddress>
            <AddressLine1>500 West Madison Street Suite 3890</AddressLine1>
            <City>Chicago</City>
            <State>IL</State>
            <ZIPCode>606614593</ZIPCode>
          </USAddress>
          <TitleTxt>DIRECTOR/SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BRIAN F RICHARDS</PersonNm>
          <USAddress>
            <AddressLine1>525 WEST MONROE STREET SUITE 1600</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60661</ZIPCode>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>6445501</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>931897</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>7377398</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>7377398</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>110661</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>7266737</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>363337</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>363337</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>2134</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>2134</TotalTaxAmt>
        <DistributableBeforeAdjAmt>361203</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>361203</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>361203</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>724726</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>724726</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>2134</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>722592</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>361203</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2011</PriorYear1Yr>
        <PriorYear2Yr>2010</PriorYear2Yr>
        <PriorYear3Yr>2009</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>8612</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>179095</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>210547</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>334817</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>368397</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>1101468</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>724726</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>361203</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>363523</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>1464991</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>8612</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>1456379</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>179095</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>210547</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>334817</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>368397</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>363523</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp />
      <SupplementaryInformationGrp>
        <ContributingManagerNm>LARRY W GIES</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>HUNTINGON'S DISEASE SOCIETY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1930 FAIRFAX ROAD</AddressLine1>
            <City>ST CHARLES</City>
            <State>IL</State>
            <ZIPCode>60174</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE GIFT</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>CHICAGO JESUIT ACADEMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>212 SOUTH FRANCISCO AVENUE</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60612</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE GIFT</GrantOrContributionPurposeTxt>
          <Amt>525000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>GLENWOOD SCHOOL FOR BOYS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>500 W 187TH STREET</AddressLine1>
            <City>GLENWOOD</City>
            <State>IL</State>
            <ZIPCode>60425</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE GIFT</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>HOLY TRINITY HIGH SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1443 WEST DIVISION STREET</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60622</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE GIFT</GrantOrContributionPurposeTxt>
          <Amt>38070</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>ROYAL FAMILY KIDS CAMP</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3000 W MACARTHUR BLVD SUITE 412</AddressLine1>
            <City>SANTA ANA</City>
            <State>CA</State>
            <ZIPCode>92704</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE GIFT</GrantOrContributionPurposeTxt>
          <Amt>7500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>TEACH FOR AMERICA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>315 W 36TH STREET 7TH FLOOR</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10018</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE GIFT</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>ACCELERATE INSTITUTE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>328 SOUTH JEFFERSON STREET</AddressLine1>
            <AddressLine2>SUITE 570</AddressLine2>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60611</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE GIFT</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>CHICAGO RUN</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3611 N Kedzie Street</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60618</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE GIFT</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>721570</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>180468</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>83573</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>264041</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>264041</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="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>3000</Amt>
        <DisbursementsCharitablePrpsAmt>3000</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpBondsSchedule documentId="InvestCorpBondsSch">
      <InvestmentsCorporateBondsGrp>
        <BondNm>CITIGROUP</BondNm>
        <EOYBookValueAmt>250000</EOYBookValueAmt>
        <EOYFMVAmt>263557</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>GECC</BondNm>
        <EOYBookValueAmt>250000</EOYBookValueAmt>
        <EOYFMVAmt>309578</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FED HOME LOAN</BondNm>
        <EOYBookValueAmt>125000</EOYBookValueAmt>
        <EOYFMVAmt>132144</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BOND PREMIUM</BondNm>
        <EOYBookValueAmt>35738</EOYBookValueAmt>
        <EOYFMVAmt>35738</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL MOTORS</StockNm>
        <EOYFMVAmt>1481</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvGovtObligSch">
      <StateLocalSecBookVlEOYAmt>800000</StateLocalSecBookVlEOYAmt>
      <StateLocalSecEOYFMVAmt>896666</StateLocalSecEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsLandSchedule2 documentId="InvLandSch2" />
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>FORTRESS FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>257870</BookValueAmt>
        <EOYFMVAmt>266807</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ROOSEVELT INVESTMENT GROUP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>342651</BookValueAmt>
        <EOYFMVAmt>453227</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SANTA BARBARA ASSET MANAGEMENT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>346757</BookValueAmt>
        <EOYFMVAmt>492122</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OPTIONS EXPRESS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2137062</BookValueAmt>
        <EOYFMVAmt>2975138</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PIMCO</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>3625</BookValueAmt>
        <EOYFMVAmt>3034</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>CORPORATION FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>25</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>29</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>29</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>INCOME(LOSS) FROM PASSTHROUGH ENTITIES</Desc>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OTHER PROFESSIONAL FEES</CategoryTxt>
        <Amt>9664</Amt>
        <NetInvestmentIncomeAmt>9664</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>2013 990-PF ESTIMATES</CategoryTxt>
        <Amt>1507</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>1440</Amt>
        <NetInvestmentIncomeAmt>1440</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>