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      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="990A">
      <SupportingOrganization509a3>X</SupportingOrganization509a3>
      <SupportingOrg509a3Type3NonFunc>X</SupportingOrg509a3Type3NonFunc>
      <CertificationCheckbox>X</CertificationCheckbox>
      <ContribByControllingIndividual>false</ContribByControllingIndividual>
      <ContributionByRelatedParty>false</ContributionByRelatedParty>
      <ContribBy35ControlledEntity>false</ContribBy35ControlledEntity>
      <SupportedOrgInformation>
        <Name>
          <BusinessNameLine1>SEE ATTACHED</BusinessNameLine1>
        </Name>
        <EIN>123456789</EIN>
        <TypeOfOrganization>501 C 3</TypeOfOrganization>
        <ListedInGoverningDoc>false</ListedInGoverningDoc>
        <SupportedOrganizationNotified>true</SupportedOrganizationNotified>
        <OrganizedInUS>true</OrganizedInUS>
        <Amount>11319679</Amount>
      </SupportedOrgInformation>
      <TotalNumberOfSupportedOrgs>1</TotalNumberOfSupportedOrgs>
      <SumOfAmounts>11319679</SumOfAmounts>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="990B">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="990D">
      <NumberDAFsHeld>1</NumberDAFsHeld>
      <GrantsPaidFromDonorFunds>95000</GrantsPaidFromDonorFunds>
      <AggregateDAFValue>789915</AggregateDAFValue>
      <DisclosedOrgsLegalControl>true</DisclosedOrgsLegalControl>
      <DisclosedForCharitablePurposes>true</DisclosedForCharitablePurposes>
      <CurrentYear>
        <BeginningOfYearBalance>56476957</BeginningOfYearBalance>
        <Contributions>143199</Contributions>
        <InvestmentEarningsOrLosses>4397858</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>10498487</GrantsOrScholarships>
        <AdministrativeExpenses>542810</AdministrativeExpenses>
        <EndOfYearBalance>49976717</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>61166150</BeginningOfYearBalance>
        <Contributions>1029002</Contributions>
        <InvestmentEarningsOrLosses>1360798</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>1511978</GrantsOrScholarships>
        <AdministrativeExpenses>437015</AdministrativeExpenses>
        <EndOfYearBalance>61606957</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>44258797</BeginningOfYearBalance>
        <Contributions>13837296</Contributions>
        <InvestmentEarningsOrLosses>4628197</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>1169542</GrantsOrScholarships>
        <AdministrativeExpenses>388598</AdministrativeExpenses>
        <EndOfYearBalance>61166150</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <TotRevenueEtcAuditedFinclStmt>6399714</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>3809384</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>3809384</RevenueNotRptdF990>
      <RevenueSubtotal>2590330</RevenueSubtotal>
      <OtherRevenuesNotIncluded>641598</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>641598</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>3231928</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>11852542</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>11852542</ExpensesSubtotal>
      <OtherExpensesNotIncluded>641598</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>641598</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>12494140</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>D10</Identifier>
        <ReturnReference>Other revenues included on Form 990 Part XI line 4b</ReturnReference>
        <Explanation>Osborn grants donated back to PCF recorded net in audted stateents</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>D12</Identifier>
        <ReturnReference>Other expenses included on Form 990 Part XII line 4b</ReturnReference>
        <Explanation>Osborn grants donated back to PCF recorded net in audited statements</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="990I">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>SEE ATTACHED</BusinessNameLine1>
        </RecipientNameBusiness>
        <AmountOfCashGrant>11319679</AmountOfCashGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>100</TotalNbrOf501C3AndGovtGrants>
      <Form990ScheduleIPartIV>
        <Identifier>I1</Identifier>
        <ReturnReference>Monitoring procedures Part I line 2</ReturnReference>
        <Explanation>THE ORGANIZATON RECORDS IN MINUTES THE GRANT DETERMINATION PROCESS OF VARIOUS COMMITTEES</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="990O">
      <GeneralExplanation>
        <Identifier>O01</Identifier>
        <ReturnReference>Form 990 governing body review Part VI line 11</ReturnReference>
        <Explanation>COMMITTEE REVIEWS FORM 990</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>O02</Identifier>
        <ReturnReference>Conflict of interest policy compliance Part VI line 12c</ReturnReference>
        <Explanation>MONITORED BY EXECUTIVE DIRECTOR AND CHAIR</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>O03</Identifier>
        <ReturnReference>CEO executive director top management comp Part VI line 15a</ReturnReference>
        <Explanation>COMMITTEE APPROVES EXECTIVE DIRECTOR COMPENSATION</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>O04</Identifier>
        <ReturnReference>Other officer or key employee compensation Part VI line 15b</ReturnReference>
        <Explanation>COMMITTEE APPROVES EXECTIVE DIRECTOR COMPENSATION</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>O05</Identifier>
        <ReturnReference>Governing documents etc available to public Part VI line 19</ReturnReference>
        <Explanation>ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS AVAILABLE ON REQUEST</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>