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        <CashDeemedCharitableAmt>2309</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>151601</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>7580</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>7580</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>31</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>31</TotalTaxAmt>
        <DistributableBeforeAdjAmt>7549</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>7549</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>7549</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>5000</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>5000</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>31</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>4969</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>7549</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>308</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>5000</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>308</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>4692</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>2857</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>ZIA LOGHMANI</ContributingManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>VAFA FOUNDATION INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1>8349 UNION CHAPEL ROAD</AddressLine1>
            <City>INDIANAPOLIS</City>
            <State>IN</State>
            <ZIPCode>46240</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNum>3173347744</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>THE FOUNDATION HAS NOT YET DEVELOPED APPLICATIONS FOR SCHOLARSHIPS AND OTHER EDUCATIONAL GRANTS. IN THE FUTURE, HOWEVER, THE FOUNDATION MAY USE APPLICATIONS THAT INCLUDE SOME OR ALL OF THE FOLLOWING: A TRANSCRIPT OF PRIOR ACADEMIC, MUSICAL, LITERARY, AND/OR OTHER ACHIEVEMENTS, DEPENDING ON THE TYPE OF SCHOLARSHIP OR OTHER EDUCATIONAL GRANT TO BE AWARDED. A REPORT OF PERFORMANCE ON TESTS DESIGNED TO MEASURE ABILITY AND APTITUDE. A DESCRIPTION OF FINANCIAL NEED. AN ESSAY WRITTEN BY THE APPLICANT DESCRIBING THE APPLICANT'S INTERESTS AND ASPIRATIONS. A DESCRIPTION OF PAST INVOLVEMENT IN EXTRACURRICULAR ACTIVITIES. A LIST OF HONORS AND RECOGNITIONS. WRITTEN RECOMMENDATIONS BY INDIVIDUALS NOT RELATED TO THE APPLICANT. THE NAMES OF THE EDUCATIONAL INSTITUTIONS TO WHICH THE APPLICANT INTENDS TO APPLY.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>ONGOING</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>WITH RESPECT TO SCHOLARSHIPS AWARDED FOR REGULAR STUDY AT AN EDUCATIONAL INSTITUTION, EACH SUCH SCHOLARSHIP GENERALLY WILL CONTINUE FOR THE DESIGNATED TERM OF THE SCHOLARSHIP DURING THE RECIPIENT'S COURSE OF STUDY AT SUCH INSTITUTION, SO LONG AS THE RECIPIENT MAINTAINS SATISFACTORY PROGRESS TOWARD COMPLETION OF HIS OR HER COURSE OF STUDY AND OTHERWISE CONFORMS TO THE TERMS AND CONDITIONS OF THIS PROCEDURE. WITH RESPECT TO SCHOLARSHIPS AND OTHER EDUCATIONAL GRANTS USED TO ACHIEVE A SPECIFIC; OBJECTIVE OR TO ENHANCE RECIPIENTS' CAPACITIES OR SKILLS, THE FOUNDATION WILL USE THE SUPERVISION PROCEDURES DESCRIBED BELOW TO ENSURE THAT RECIPIENTS USE SUCH SCHOLARSHIPS AND OTHER EDUCATIONAL GRANTS ONLY FOR THE PURPOSE OF DEVELOPING FULLY AND PRODUCTIVELY THEIR EXCEPTIONAL TALENTS.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1>BADI FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1>ROOM B328 01 SHANGWULOU NO 2</AddressLine1>
            <AddressLine2>JIUXIANQIAO ROAD CHAOYANG DISTRICT</AddressLine2>
            <City>BEIJING</City>
            <Country>CH</Country>
            <PostalCode>100015</PostalCode>
          </RecipientForeignAddress>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CONTRIBUTION TO THE GENERAL OPERATING FUND FOR THE PURPOSE OF SCHOLARSHIP- GIVEN TO AN ORGANIZATION IN CHINA RECOGNIZED AS A CHARITY BY CHINESE LAW</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>5000</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2772</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <OtherInvestmentIncmPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>426</ExclusionAmt>
        </OtherInvestmentIncmPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>1284</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>4483</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>4483</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <ExpenditureResponsibilityStmt documentId="RetDoc2118100001">
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1>BADI FOUNDATION</BusinessNameLine1>
        </BusinessName>
        <ForeignAddress>
          <AddressLine1>ROOM B328 01 SHANGWULOU NO 2</AddressLine1>
          <AddressLine2>JIUXIANQIAO ROAD CHAOYANG DISTRICT</AddressLine2>
          <City>BEIJING</City>
          <Country>CH</Country>
          <PostalCode>100015</PostalCode>
        </ForeignAddress>
        <GrantDt>2013-11-15</GrantDt>
        <GrantAmt>5000</GrantAmt>
        <PurposeOfGrantTxt>SCHOLARSHIPS FOR STUDENTS: THE BADI FOUNDATION DESIGNS AND IMPLEMENTS EDUCATIONAL AND TRAINING PROGRAMS THAT EMPOWER AND BUILD CAPACITY IN LOCAL POPULATIONS TO INITIATE DEVELOPMENT EFFORTS IN THEIR COMMUNITIES IN A MANNER THAT ALLOWS FOR A GRADUAL INCREASE IN SIZE AND COMPLEXITY. THE OBJECTIVE OF THE BADI FOUNDATION IS TO CONTRIBUTE, HOWEVER MODESTLY, TO THE ACHIEVEMENT OF BALANCED DEVELOPMENT IN CHINA. THE APPROACH TO DEVELOPMENT IS BASED ON THE FIRM CONVICTION IN THE DESIRE AND POTENTIAL OF LOCAL PEOPLE TO UPLIFT THEMSELVES AND CONTRIBUTE TO THE SOCIAL AND ECONOMIC ADVANCEMENT OF THEIR COMMUNITIES. THE DECISION TO CONTRIBUTE WAS BASED ON THE FINANCIAL REPORT PROVIDED TO VAFA FOUNDATION, AND BY DECISION OF THE BOARD OF DIRECTORS. NO AMOUNTS CONTRIBUTED TO BADI FOUNDATION WERE USED FOR ANY PURPOSE OTHER THAN DESCRIBED ABOVE.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>5000</ExpendedByGranteeAmt>
        <DatesOfReportsByGranteeTxt>12/31/13</DatesOfReportsByGranteeTxt>
      </ExpenditureResponsibilityGrp>
    </ExpenditureResponsibilityStmt>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>JP MORGAN CHASE &amp; CO. ALERIAN MLP INDEX</StockNm>
        <EOYBookValueAmt>7476</EOYBookValueAmt>
        <EOYFMVAmt>8389</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UBS AG JERSEY BRH E TRACS LKD TO ALERIAN</StockNm>
        <EOYBookValueAmt>2516</EOYBookValueAmt>
        <EOYFMVAmt>2602</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AQR MANAGED FUTURES FUND</StockNm>
        <EOYBookValueAmt>10300</EOYBookValueAmt>
        <EOYFMVAmt>10725</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ABERDEEN ASIA BOND</StockNm>
        <EOYBookValueAmt>8897</EOYBookValueAmt>
        <EOYFMVAmt>8426</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FMI LARGE CAP FUND</StockNm>
        <EOYBookValueAmt>17315</EOYBookValueAmt>
        <EOYFMVAmt>20418</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PIMCO TOTAL RETURN</StockNm>
        <EOYBookValueAmt>52868</EOYBookValueAmt>
        <EOYFMVAmt>50475</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RS GLOBAL NATURAL RESOURCES FUND</StockNm>
        <EOYBookValueAmt>10200</EOYBookValueAmt>
        <EOYFMVAmt>9535</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCOUT INTERNATIONAL FUND</StockNm>
        <EOYBookValueAmt>16693</EOYBookValueAmt>
        <EOYFMVAmt>18457</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VANGUARD TOTAL STOCK</StockNm>
        <EOYBookValueAmt>17224</EOYBookValueAmt>
        <EOYFMVAmt>21783</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>BROKERAGE FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>1337</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1337</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>OXFORD</Desc>
        <RevenueAndExpensesPerBooksAmt>426</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>426</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>426</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Description>COST BASIS ADJUSTMENT</Description>
        <Amount>193</Amount>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>50</Amt>
        <NetInvestmentIncomeAmt>50</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>