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      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>35694488</ExpensesAndContributions>
        <QualifyingDistributions>35694488</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>206932</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>35487556</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>33836494</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>40</UndistributedIncomePriorYear>
        <ExcessDistriCarryoverYear2>7215054</ExcessDistriCarryoverYear2>
        <ExcessDistriCarryoverYear1>30400976</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>37616030</TotalExcessDistriCarryover>
        <QualifyingDistributions>35694488</QualifyingDistributions>
        <AppliedToYear1>40</AppliedToYear1>
        <RemainingDistriFromCorpus>35694448</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>33836494</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>33836494</ExcessDistriCyovAppliedCY>
        <TotalCorpus>39473984</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>39473984</ExcessDistriCyovToNextYear>
        <ExcessFromYear1>3779536</ExcessFromYear1>
        <ExcessFromCurrentYear>35694448</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>STEPHEN F MANDEL JR</ContributingManager>
        <ContributingManager>SUSAN Z MANDEL</ContributingManager>
        <ShareholderManager>NONE</ShareholderManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FIDELITY CHARITABLE GIFT FUND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 770001</AddressLine1>
            <City>CINCINNATI</City>
            <State>OH</State>
            <ZIPCode>45277</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>EXEMPT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>BENEFITS OTHER CHARITIESCOMMUNITY FUND THAT</PurposeOfGrantOrContribution>
          <Amount>35000000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>35000000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>19266</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>743285</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>20015061</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>PASS THRU LOSS</Description>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>-935</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>20776677</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>20776677</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <IRS990ScheduleB documentId="00000002">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>STEPHEN AND SUSAN MANDEL</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>C/O CUMMINGS AND LOCKWOOD PO BOX 25</AddressLine1>
          <City>GREENWICH</City>
          <State>CT</State>
          <ZIPCode>06836</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>61000000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="00000005">
      <AccountingFees>
        <Category>STEVEN MOSKOWITZ CPA PC ACCOUNTING AND TAX SERVICES</Category>
        <Amount>12400</Amount>
        <NetInvestmentIncome>6200</NetInvestmentIncome>
        <DisbursementsCharitablePrps>6200</DisbursementsCharitablePrps>
      </AccountingFees>
      <AccountingFees>
        <Category>CAROL MAVILLA BOOKKEEPING SERVICES</Category>
        <Amount>250</Amount>
        <NetInvestmentIncome>125</NetInvestmentIncome>
        <DisbursementsCharitablePrps>125</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="00000006">
      <Depreciation>
        <DescriptionOfProperty>FURNITURE AND FIXTURES</DescriptionOfProperty>
        <DateAcquired>2012-01-01</DateAcquired>
        <CostOrOtherBasis>22572</CostOrOtherBasis>
        <PriorYearsDepreciation>3225</PriorYearsDepreciation>
        <ComputationMethod>200DB</ComputationMethod>
        <Life>7.00</Life>
        <CurrentYearExpense>5528</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>FURNITURE AND FIXTURES 2013</DescriptionOfProperty>
        <DateAcquired>2013-01-01</DateAcquired>
        <CostOrOtherBasis>20171</CostOrOtherBasis>
        <ComputationMethod>200DB</ComputationMethod>
        <Life>7.00</Life>
        <CurrentYearExpense>2882</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>SOFTWARE</DescriptionOfProperty>
        <DateAcquired>2013-01-01</DateAcquired>
        <CostOrOtherBasis>18973</CostOrOtherBasis>
        <ComputationMethod>SL</ComputationMethod>
        <Life>3.00</Life>
        <CurrentYearExpense>3162</CurrentYearExpense>
      </Depreciation>
    </DepreciationSchedule>
    <GainLossSaleOtherAssetsSch documentId="00000007">
      <GainLossSaleOtherAsset>
        <Name>FROM PASS THRU ENTITY - LONE CASCADE LP</Name>
        <TotalNet>4682637</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>FROM PASS THRU ENTITY - LONE DRAGON PINE LP</Name>
        <TotalNet>-342358</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>3939.23 SHARES LONE CEDAR</Name>
        <DateAcquired>2012-12</DateAcquired>
        <HowAcquired>Purchased</HowAcquired>
        <DateSold>2013-01</DateSold>
        <GrossSalesPrice>30788588</GrossSalesPrice>
        <Basis>30999967</Basis>
        <TotalNet>-211379</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>5566.16 SHARES LONE CEDAR</Name>
        <HowAcquired>Purchased</HowAcquired>
        <DateSold>2013-05</DateSold>
        <GrossSalesPrice>44703412</GrossSalesPrice>
        <Basis>29767510</Basis>
        <TotalNet>14935902</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>3381.14 SHARES LONE PINON</Name>
        <DateAcquired>2013-01</DateAcquired>
        <HowAcquired>Purchased</HowAcquired>
        <DateSold>2013-05</DateSold>
        <GrossSalesPrice>14735000</GrossSalesPrice>
        <Basis>13784741</Basis>
        <TotalNet>950259</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="00000008">
      <InvestmentsCorpStock>
        <NameOfStock>SHARES OF LONE CEDAR LTD</NameOfStock>
        <EOYBookValue>102676170</EOYBookValue>
        <EOYFMV>331674370</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>SHARES OF LONE PINON LTD</NameOfStock>
        <EOYBookValue>172857391</EOYBookValue>
        <EOYFMV>309056749</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>LONE CASCADE LP</NameOfStock>
        <EOYBookValue>57260953</EOYBookValue>
        <EOYFMV>75813820</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>LONE DRAGON PINE LP</NameOfStock>
        <EOYBookValue>18549819</EOYBookValue>
        <EOYFMV>21015478</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="00000009">
      <LandEtc>
        <CategoryOrItem>FURNITURE AND FIXTURES</CategoryOrItem>
        <CostOrOtherBasis>61716</CostOrOtherBasis>
        <AccumulatedDepreciation>14797</AccumulatedDepreciation>
        <BookValue>46919</BookValue>
      </LandEtc>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="00000010">
      <LegalFees>
        <Category>ROBINSON &amp; COLE LLP LEGAL SERVICES</Category>
        <Amount>9923</Amount>
        <DisbursementsCharitablePrps>9923</DisbursementsCharitablePrps>
      </LegalFees>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="00000011">
      <OtherAssets>
        <Description>MISCELLANEOUS RECEIVABLES</Description>
        <BOYBookValue>14000</BOYBookValue>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000012">
      <OtherAssets>
        <Description>MISCELLANEOUS RECEIVABLES</Description>
        <BOYBookValue>14000</BOYBookValue>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherAssetsSchedule documentId="00000013">
      <OtherAssets>
        <Description>MISCELLANEOUS RECEIVABLES</Description>
        <BOYBookValue>14000</BOYBookValue>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="00000014">
      <OtherExpenses>
        <Description>FROM PASS THRU ENTITY</Description>
        <RevenueAndExpensesPerBooks>45632</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>45632</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>COMMUNICATIONS</Description>
        <RevenueAndExpensesPerBooks>7622</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>7622</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INSURANCE</Description>
        <RevenueAndExpensesPerBooks>6154</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>6154</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OTHER OPERATIONS</Description>
        <RevenueAndExpensesPerBooks>14734</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>14737</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PAYROLL PROCESSING FEES</Description>
        <RevenueAndExpensesPerBooks>1126</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>1126</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>RECRUITING</Description>
        <RevenueAndExpensesPerBooks>75</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>75</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUPPLIES</Description>
        <RevenueAndExpensesPerBooks>1846</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>1846</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <RevenueAndExpensesPerBooks>41</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>41</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>EDUCATION INITIATIVE</Description>
        <RevenueAndExpensesPerBooks>133823</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>133823</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FELLOWSHIP</Description>
        <RevenueAndExpensesPerBooks>212214</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>212214</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>LDR</Description>
        <RevenueAndExpensesPerBooks>62099</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>62099</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="00000015">
      <OtherIncome>
        <Description>LOSS FROM PASS THRU ENTITY</Description>
        <RevenueAndExpensesPerBooks>-935</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>-935</NetInvestmentIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="00000016">
      <Taxes>
        <Category>FEDERAL TAXES</Category>
        <Amount>76000</Amount>
      </Taxes>
      <Taxes>
        <Category>FOREIGN TAXES PAID</Category>
        <Amount>19972</Amount>
        <NetInvestmentIncome>19972</NetInvestmentIncome>
      </Taxes>
      <Taxes>
        <Category>PAYROLL TAXES</Category>
        <Amount>64263</Amount>
        <DisbursementsCharitablePrps>64263</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>