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            <State>FL</State>
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          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <BusinessName>
            <BusinessNameLine1>Luisa S Cobb</BusinessNameLine1>
          </BusinessName>
          <USAddress>
            <AddressLine1>PO Box 14-4200</AddressLine1>
            <City>Coral Gables</City>
            <State>FL</State>
            <ZIPCode>33114</ZIPCode>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>2500</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>23862545</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>388398</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>24250943</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>24250943</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>363764</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>23887179</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>1194359</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>1194359</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>35224</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>35224</TotalTaxAmt>
        <DistributableBeforeAdjAmt>1159135</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>1159135</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>1159135</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>1015631</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>1015631</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>1015631</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>1159135</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>1009827</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>1015631</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>1009827</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>5804</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>1153331</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>CHARLES E COBB JR</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>COBB FAMILY FOUNDATION ADMINISTRATO</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1>PO Box 14-4200</AddressLine1>
            <City>Coral Gables</City>
            <State>FL</State>
            <ZIPCode>331144200</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNum>3054411700</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>SEE STATEMENT #1</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>SEE STATEMENT #1</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>see schedule</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>see schedule</AddressLine1>
            <City>see schedule</City>
            <State>FL</State>
            <ZIPCode>33114</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>various</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>various</GrantOrContributionPurposeTxt>
          <Amt>1000631</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1000631</TotalGrantOrContriPdDurYrAmt>
        <GrantOrContriApprvForFutGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>University of Miami</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO Box 248073</AddressLine1>
            <City>Coral Gables</City>
            <State>FL</State>
            <ZIPCode>33124</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>16000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>450 Serra Mall</AddressLine1>
            <City>Stanford</City>
            <State>CA</State>
            <ZIPCode>94305</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>90000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>336 NW 5 Street</AddressLine1>
            <City>Miami</City>
            <State>FL</State>
            <ZIPCode>33128</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>101 W Flagler ST</AddressLine1>
            <City>Miami</City>
            <State>FL</State>
            <ZIPCode>33130</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>3280 S Miami Ave</AddressLine1>
            <City>Miami</City>
            <State>FL</State>
            <ZIPCode>33129</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>6000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>US Diplomacy Center 535</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20037</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>PO Box 0734</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20073</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>60000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>101 W Flagler St</AddressLine1>
            <City>Miami</City>
            <State>FL</State>
            <ZIPCode>33130</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>PO Box 600610</AddressLine1>
            <City>Dallas</City>
            <State>TX</State>
            <ZIPCode>75206</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>100 Maher Avenue</AddressLine1>
            <City>Greenwich</City>
            <State>CT</State>
            <ZIPCode>06830</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>PO Box 117625</AddressLine1>
            <City>Gainesville</City>
            <State>FL</State>
            <ZIPCode>32611</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>12400 SW 152 Street</AddressLine1>
            <City>Miami</City>
            <State>FL</State>
            <ZIPCode>33177</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>40 Presidential Dr</AddressLine1>
            <City>Simi Valley</City>
            <State>CA</State>
            <ZIPCode>93065</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>620 Mtn Village Rd</AddressLine1>
            <City>Telluride</City>
            <State>CO</State>
            <ZIPCode>81435</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>3439 Prytania ST</AddressLine1>
            <City>New Orleans</City>
            <State>LA</State>
            <ZIPCode>70115</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>1025 Thomas Jefferson St NW</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20077</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>3575 Main Hwy</AddressLine1>
            <City>Coconut Grove</City>
            <State>FL</State>
            <ZIPCode>33133</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>20000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>1550 N Miami Ave</AddressLine1>
            <City>Miami</City>
            <State>FL</State>
            <ZIPCode>33136</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>45000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>600 Mean St 210</AddressLine1>
            <City>Atlanta</City>
            <State>GA</State>
            <ZIPCode>30318</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>6425 Boaz Lane</AddressLine1>
            <City>Dallas</City>
            <State>TX</State>
            <ZIPCode>75205</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>6575 N Kendall Dr</AddressLine1>
            <City>Pinecrest</City>
            <State>FL</State>
            <ZIPCode>33156</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Education</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>3250 Southwest 3rd Ave</AddressLine1>
            <City>Miami</City>
            <State>FL</State>
            <ZIPCode>33129</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>300000</Amt>
        </GrantOrContriApprvForFutGrp>
        <GrantOrContriApprvForFutGrp>
          <RecipientUSAddress>
            <AddressLine1>3400 Devon Road</AddressLine1>
            <City>Miami</City>
            <State>FL</State>
            <ZIPCode>33133</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatusTxt>501(c)3</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable</GrantOrContributionPurposeTxt>
          <Amt>32000</Amt>
        </GrantOrContriApprvForFutGrp>
        <TotalGrantOrContriApprvFutAmt>810000</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>152159</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>451163</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>705601</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>1308923</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1308923</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="00000002">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>CHARLES E COBB JR</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1>PO Box 14-4200</AddressLine1>
          <City>Miami</City>
          <State>FL</State>
          <ZIPCode>331144200</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>439680</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>TOBIN T COBB</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1>18 Red Top Road</AddressLine1>
          <City>Riverside</City>
          <State>CT</State>
          <ZIPCode>06878</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>130000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>01</ContributorNum>
        <NoncashPropertyDesc>6000 SHARES WALT DISNEY STOCK @ $73.28/SHARE</NoncashPropertyDesc>
        <FairMarketValueAmt>439680</FairMarketValueAmt>
        <ReceivedDt>2013-12-23</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="00000003">
      <AccountingFeesDetail>
        <CategoryTxt>JL Hofmann &amp; Associates,PA tax return preparation</CategoryTxt>
        <Amt>3875</Amt>
        <NetInvestmentIncomeAmt>3875</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="00000004">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Citigroup Inc. 100,000</AssetDesc>
        <AcquiredDt>2009-01</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2014-09</SoldDt>
        <GrossSalesPriceAmt>100000</GrossSalesPriceAmt>
        <BasisAmt>81219</BasisAmt>
        <TotalNetAmt>18781</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>FHLMC 500,000</AssetDesc>
        <AcquiredDt>2007-05</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2014-08</SoldDt>
        <GrossSalesPriceAmt>508395</GrossSalesPriceAmt>
        <BasisAmt>499484</BasisAmt>
        <TotalNetAmt>8911</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Walt Disney 3,000 shares</AssetDesc>
        <AcquiredDt>1984-01</AcquiredDt>
        <HowAcquiredTxt>Donated</HowAcquiredTxt>
        <SoldDt>2013-10</SoldDt>
        <GrossSalesPriceAmt>198847</GrossSalesPriceAmt>
        <BasisAmt>98820</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>100027</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Walt Disney 5,000 shares</AssetDesc>
        <AcquiredDt>1984-01</AcquiredDt>
        <HowAcquiredTxt>Donated</HowAcquiredTxt>
        <SoldDt>2014-03</SoldDt>
        <GrossSalesPriceAmt>403761</GrossSalesPriceAmt>
        <BasisAmt>164700</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>239061</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Walt Disney 6,000 shares</AssetDesc>
        <AcquiredDt>1984-01</AcquiredDt>
        <HowAcquiredTxt>Donated</HowAcquiredTxt>
        <SoldDt>2014-08</SoldDt>
        <GrossSalesPriceAmt>536494</GrossSalesPriceAmt>
        <BasisAmt>197640</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>338854</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Vodafone</AssetDesc>
        <AcquiredDt>2013-08</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2014-02</SoldDt>
        <GrossSalesPriceAmt>38</GrossSalesPriceAmt>
        <BasisAmt>53</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>-15</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Lands End</AssetDesc>
        <AcquiredDt>2014-04</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2014-04</SoldDt>
        <GrossSalesPriceAmt>27</GrossSalesPriceAmt>
        <BasisAmt>29</BasisAmt>
        <BasisMethodTxt>Cost</BasisMethodTxt>
        <TotalNetAmt>-2</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>Vodafone</AssetDesc>
        <AcquiredDt>2013-08</AcquiredDt>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <SoldDt>2014-02</SoldDt>
        <GrossSalesPriceAmt>37</GrossSalesPriceAmt>
        <BasisAmt>53</BasisAmt>
        <TotalNetAmt>-16</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <GeneralExplanationAttachment documentId="00000005">
      <GeneralExplanationGrp>
        <FormAndLineReferenceDesc>Statement #1 - Form in which applications should be submitted</FormAndLineReferenceDesc>
        <MediumExplanationTxt>REQUESTS FOR CONTRIBUTIONS SHOULD INCLUDE A BRIEF HISTORY OF THE ORGANIZATION, A CURRENT LIST OF THE MEMBERS OF THE BOARD OF DIRECTORS AND SENIOR EXECUTIVES, THE CURRENT ANNUAL BUDGET, THE ENTITIES PERCENT OF MANAGEMENT/ADMINISTRATION COSTS TO DOLLARS DISTRIBUTED, THE PROPOSED USE OF REQUESTED FUNDS AND THE AMOUNT OF THE REQUEST. FURTHER, THE FOUNDATION WILL REQUIRE A COPY OF THE ORGANIZATION'S TAX EXEMPT CERTIFICATE.</MediumExplanationTxt>
      </GeneralExplanationGrp>
      <GeneralExplanationGrp>
        <FormAndLineReferenceDesc>Part VII-A - Line 12</FormAndLineReferenceDesc>
        <MediumExplanationTxt>THE FOUNDATION MADE CONTRIBUTIONS TO THE FOLLOWING DONOR ADVISED FUNDS WHICH WERE TREATED BY THE FOUNDATION AS QUALIFYING DISTRIBUTIONS FOR THE CURRENT TAX PERIOD. FUTURE DISTRIBUTIONS FROM THE DONOR ADVISED FUNDS WILL BE MADE ONLY TO AN ORGANIZATION(S) ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES. MIAMI FOUNDATION $160,000 CORAL GABLES FOUNDATION $13,000</MediumExplanationTxt>
      </GeneralExplanationGrp>
    </GeneralExplanationAttachment>
    <InvestmentsCorpBondsSchedule documentId="00000006">
      <InvestmentsCorporateBondsGrp>
        <BondNm>International Paper 7.95% 6/15/2018</BondNm>
        <EOYBookValueAmt>83239</EOYBookValueAmt>
        <EOYFMVAmt>119384</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Macy's 7.875% 7/15/2015</BondNm>
        <EOYBookValueAmt>39318</EOYBookValueAmt>
        <EOYFMVAmt>52834</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Marriot International 5.81% 11/10/2015</BondNm>
        <EOYBookValueAmt>85380</EOYBookValueAmt>
        <EOYFMVAmt>105247</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Allergan, Inc. 1.35% 03/15/2018</BondNm>
        <EOYBookValueAmt>99294</EOYBookValueAmt>
        <EOYFMVAmt>97052</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Western Union Co 3.65% 08/22/2018</BondNm>
        <EOYBookValueAmt>104314</EOYBookValueAmt>
        <EOYFMVAmt>104155</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Buckeye Partners 5.5% 08/15/2009</BondNm>
        <EOYBookValueAmt>112428</EOYBookValueAmt>
        <EOYFMVAmt>110996</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Bank of America 5% 08/15/2020</BondNm>
        <EOYBookValueAmt>110556</EOYBookValueAmt>
        <EOYFMVAmt>108674</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Ford Motor Credit 2.25% 08/20/2019</BondNm>
        <EOYBookValueAmt>99275</EOYBookValueAmt>
        <EOYFMVAmt>98427</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Freeport-Mcmoran 3.1% 03/15/2020</BondNm>
        <EOYBookValueAmt>101747</EOYBookValueAmt>
        <EOYFMVAmt>99373</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Teva Pharm USA 2.25% 03/18/2020</BondNm>
        <EOYBookValueAmt>98517</EOYBookValueAmt>
        <EOYFMVAmt>97656</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="00000007">
      <InvestmentsCorporateStockGrp>
        <StockNm>Stocks - see statement 2</StockNm>
        <EOYBookValueAmt>6716418</EOYBookValueAmt>
        <EOYFMVAmt>15817073</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Schwab Mutual Funds</StockNm>
        <EOYBookValueAmt>539849</EOYBookValueAmt>
        <EOYFMVAmt>549675</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Vanguard Mutual Funds</StockNm>
        <EOYBookValueAmt>2303936</EOYBookValueAmt>
        <EOYFMVAmt>4560575</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="00000008">
      <USGovtObligationsBookVlEOYAmt>1961072</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>2381175</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <OtherAssetsSchedule documentId="00000009">
      <OtherAssetsScheduleGrp>
        <Desc>Purchased Interest</Desc>
        <EOYBookValueAmt>50</EOYBookValueAmt>
        <EOYFMVAmt>50</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000010">
      <OtherAssetsScheduleGrp>
        <Desc>Purchased Interest</Desc>
        <EOYBookValueAmt>50</EOYBookValueAmt>
        <EOYFMVAmt>50</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000011">
      <OtherAssetsScheduleGrp>
        <Desc>Purchased Interest</Desc>
        <EOYBookValueAmt>50</EOYBookValueAmt>
        <EOYFMVAmt>50</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="00000012">
      <OtherExpensesScheduleGrp>
        <Desc>Bank Service Charges</Desc>
        <RevenueAndExpensesPerBooksAmt>454</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>454</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="00000013">
      <TaxesDetail>
        <CategoryTxt>Licenses</CategoryTxt>
        <Amt>114</Amt>
        <NetInvestmentIncomeAmt>114</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Foreign tax paid</CategoryTxt>
        <Amt>2483</Amt>
        <NetInvestmentIncomeAmt>2483</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Federal income taxes</CategoryTxt>
        <Amt>19932</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>