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    <ReturnTs>2014-06-25T13:02:09-07:00</ReturnTs>
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    <Filer>
      <EIN>201473353</EIN>
      <BusinessName>
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      </BusinessName>
      <BusinessNameControlTxt>KELL</BusinessNameControlTxt>
      <PhoneNum>2138916300</PhoneNum>
      <USAddress>
        <AddressLine1>865 South Figueroa Street</AddressLine1>
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        <State>CA</State>
        <ZIPCode>90017</ZIPCode>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Jerry Carlton</PersonNm>
      <PersonTitleTxt>Secretary/Treasurer</PersonTitleTxt>
      <SignatureDt>2014-06-25</SignatureDt>
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    <PreparerPersonGrp>
      <PreparerPersonNm>Luis A Guerrero CPA MBT</PreparerPersonNm>
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    <TaxYr>2013</TaxYr>
    <BuildTS>2015-12-30 17:16:21Z</BuildTS>
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        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">2655</AccountingFeesRevAndExpnssAmt>
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        <NetInvestmentIncomeAmt>149049</NetInvestmentIncomeAmt>
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      <Form990PFBalanceSheetsGrp>
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      <CapGainsLossTxInvstIncmDetail>
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      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
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      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
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        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
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        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
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          <BusinessNameLine1>Oakmont Corporation</BusinessNameLine1>
        </PersonsWithBooksName>
        <PhoneNum>2138916300</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1>865 S Figueroa St Ste 700</AddressLine1>
          <City>Los Angeles</City>
          <State>CA</State>
          <ZIPCode>90017</ZIPCode>
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        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
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      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
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        <PayCompDisqualifiedPrsnInd>true</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>Robert A Day</PersonNm>
          <USAddress>
            <AddressLine1>865 S Figueroa Street 700</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90017</ZIPCode>
          </USAddress>
          <TitleTxt>VP/Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Kelly P Day</PersonNm>
          <USAddress>
            <AddressLine1>865 S Figueroa Street 700</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90017</ZIPCode>
          </USAddress>
          <TitleTxt>Pres/Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Jerry Carlton</PersonNm>
          <USAddress>
            <AddressLine1>865 S Figueroa Street 700</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90017</ZIPCode>
          </USAddress>
          <TitleTxt>Sec/Treasurer</TitleTxt>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Laurie Louise Gilmore</PersonNm>
          <USAddress>
            <AddressLine1>865 S Figueroa Street 700</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90017</ZIPCode>
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          <TitleTxt>Director</TitleTxt>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Donald T Carlisi</PersonNm>
          <USAddress>
            <AddressLine1>865 S Figueroa Street 700</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90017</ZIPCode>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
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          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
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        <AverageMonthlyCashBalancesAmt>74083</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
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        <ReductionClaimedAmt>0</ReductionClaimedAmt>
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        <DistributableBeforeDedAmt>64445</DistributableBeforeDedAmt>
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        <QualifyingDistributionsAmt>71325</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>71325</AdjustedQualifyingDistriAmt>
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        <DistributableAsAdjustedAmt>64445</DistributableAsAdjustedAmt>
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        <QualifyingDistributionsAmt>71325</QualifyingDistributionsAmt>
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        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>13218</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>51227</UndistributedIncomeCYAmt>
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        <ContributingManagerNm>Robert A Day</ContributingManagerNm>
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          <RecipientPersonNm>Kelly Day Foundation</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1>865 S Figueroa St Suite 700</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90017</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNum>2138916300</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>No specific form or information required.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>None</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>Determine on case by case basis</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Regents University of California LA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1>8700 BEVERLY BLVD</AddressLine1>
            <City>Los Angeles</City>
            <State>CA</State>
            <ZIPCode>90048</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Public</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Unrestricted</GrantOrContributionPurposeTxt>
          <Amt>70000</Amt>
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      </AnalysisIncomeProducingActyGrp>
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        <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="13000170" softwareVersion="2013v3.1">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>2655</Amt>
        <NetInvestmentIncomeAmt>1327</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1290</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GeneralExplanationAttachment documentId="GeneralExplanation" softwareId="13000170" softwareVersion="2013v3.1">
      <GeneralExplanationGrp>
        <FormAndLineReferenceDesc>General Explanation Supplemental Information for Form 990-PF</FormAndLineReferenceDesc>
        <MediumExplanationTxt>Supplemental Information for Form 990-PF, Part VII-B, Line 1(A)(4)&amp; CA RRF-1, Part B, Line 1:The foundation reimburses Oakmont Corporation (an entity related to and controlled by a disqualified person). The expenses are ordinary and necessary and as such the foundation is not subject to the excise tax for self-dealing and is exempt from filing form 4720.</MediumExplanationTxt>
      </GeneralExplanationGrp>
    </GeneralExplanationAttachment>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="13000170" softwareVersion="2013v3.1">
      <InvestmentsCorporateStockGrp>
        <StockNm>Freeport McMoran Copper &amp; Gold</StockNm>
        <EOYBookValueAmt>86802</EOYBookValueAmt>
        <EOYFMVAmt>86802</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>McMoran Exploration Co</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Caterpillar Inc</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Boeing CO</StockNm>
        <EOYBookValueAmt>95543</EOYBookValueAmt>
        <EOYFMVAmt>95543</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DR HORTON INC</StockNm>
        <EOYBookValueAmt>33480</EOYBookValueAmt>
        <EOYFMVAmt>33480</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIRST AMERICAN FINANCIAL</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LENNAR CORP</StockNm>
        <EOYBookValueAmt>39560</EOYBookValueAmt>
        <EOYFMVAmt>39560</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LOUISIANA-PACIFIC CORP</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MASTERCARD INC</StockNm>
        <EOYBookValueAmt>104432</EOYBookValueAmt>
        <EOYFMVAmt>104432</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NVR INC</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PRECISION CASTPARTS CORP</StockNm>
        <EOYBookValueAmt>60592</EOYBookValueAmt>
        <EOYFMVAmt>60592</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STANLEY BLACK &amp; DECKER INC</StockNm>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STARWOOD HOTELS &amp; RESORTS</StockNm>
        <EOYBookValueAmt>79450</EOYBookValueAmt>
        <EOYFMVAmt>79450</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TOLL BROTHERS INC</StockNm>
        <EOYBookValueAmt>33300</EOYBookValueAmt>
        <EOYFMVAmt>33300</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMERICAN AIRLINES GROUP INC</StockNm>
        <EOYBookValueAmt>121200</EOYBookValueAmt>
        <EOYFMVAmt>121200</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DELTA AIRLINES</StockNm>
        <EOYBookValueAmt>134603</EOYBookValueAmt>
        <EOYFMVAmt>134603</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EATON CORP PLC</StockNm>
        <EOYBookValueAmt>68508</EOYBookValueAmt>
        <EOYFMVAmt>68508</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ESSENT GROUP LTD</StockNm>
        <EOYBookValueAmt>79398</EOYBookValueAmt>
        <EOYFMVAmt>79398</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GENERAL MOTORS CO</StockNm>
        <EOYBookValueAmt>91958</EOYBookValueAmt>
        <EOYFMVAmt>91958</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GULF COAST ULTRA DEEP ROYALTY TR</StockNm>
        <EOYBookValueAmt>36837</EOYBookValueAmt>
        <EOYFMVAmt>36837</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HOME DEPOT INC</StockNm>
        <EOYBookValueAmt>98808</EOYBookValueAmt>
        <EOYFMVAmt>98808</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>LOCKHEED MARTIN CORP</StockNm>
        <EOYBookValueAmt>163526</EOYBookValueAmt>
        <EOYFMVAmt>163526</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCHLUMBERGER LTD</StockNm>
        <EOYBookValueAmt>72088</EOYBookValueAmt>
        <EOYFMVAmt>72088</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WHIRLPOOL CORP</StockNm>
        <EOYBookValueAmt>72156</EOYBookValueAmt>
        <EOYFMVAmt>72156</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="13000170" softwareVersion="2013v3.1">
      <OtherExpensesScheduleGrp>
        <Desc>State Filing Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>25</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Trading Expense</Desc>
        <RevenueAndExpensesPerBooksAmt>268</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>268</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="13000170" softwareVersion="2013v3.1">
      <TaxesDetail>
        <CategoryTxt>State Tax</CategoryTxt>
        <Amt>10</Amt>
        <DisbursementsCharitablePrpsAmt>10</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>