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        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty />
        <OtherInvestmentIncomePartVII />
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>329339</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <NetIncomeLossFromSpecialEvents />
        <GrossProfitLossSalesOfInvntry />
        <OtherRevenueDescribed>
          <Description>OTHER</Description>
          <ExclusionCode>14</ExclusionCode>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <ExclusionAmount>1859511</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>1859511</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="IRS990ScheduleB">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>ROBERT E GALLAGHER MARITAL TRUST</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>TWO PIERCE PLACE</AddressLine1>
          <City>ITASCA</City>
          <State>IL</State>
          <ZIPCode>60143</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>2197140</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <NoncashProperty>
        <ContributorNumberFromPartI>1</ContributorNumberFromPartI>
        <NoncashPropertyDescription>81,000 shares of AJG</NoncashPropertyDescription>
        <FairMarketValue>2197140</FairMarketValue>
        <DateReceived>2012-01-02</DateReceived>
      </NoncashProperty>
    </IRS990ScheduleB>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorpStock>
        <NameOfStock>ARTHUR J GALLAGHER &amp; CO</NameOfStock>
        <EOYBookValue>11015655</EOYBookValue>
        <EOYFMV>24861068</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOther>
        <CategoryOrItem>NOTES</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>1470425</BookValue>
        <EOYFMV>1470425</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>BAIRD</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>9283561</BookValue>
        <EOYFMV>10836712</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>DHS</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>90204</BookValue>
        <EOYFMV>37038</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>TEP</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <EOYFMV>5552</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>AURORA</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>805000</BookValue>
        <EOYFMV>870125</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>THIRTEEN PARTNERS</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>800000</BookValue>
        <EOYFMV>838868</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>AURORA OFFSHORE II</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>350000</BookValue>
        <EOYFMV>368061</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>SSARIS MULTI-MANAGER</CategoryOrItem>
        <ListedAtCostOrFMV>FMV</ListedAtCostOrFMV>
        <BookValue>654279</BookValue>
        <EOYFMV>641137</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssets>
        <Description>DIVIDEND RECEIVABLE - BAIRD</Description>
        <EOYBookValue>5890</EOYBookValue>
        <EOYFMV>5890</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpenses>
        <Description>ILLINOIS CHARITY BUREAU FUND</Description>
        <RevenueAndExpensesPerBooks>15</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>15</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OTHER</Description>
        <RevenueAndExpensesPerBooks>391</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>391</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>LUNCH &amp; DINNER EVENTS/AWARDS</Description>
        <RevenueAndExpensesPerBooks>3982</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>3982</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncome>
        <Description>DHS CHARITABLE LLC</Description>
        <RevenueAndExpensesPerBooks>3414</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>3414</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>SSARIS MULTI-MANAGER ABSOLUTE RETURN</Description>
        <RevenueAndExpensesPerBooks>19279</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>19279</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>MARITAL TRUST</Description>
        <RevenueAndExpensesPerBooks>26714</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>26714</NetInvestmentIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFees>
        <Category>ACCOUNTING FEES</Category>
        <Amount>2700</Amount>
        <NetInvestmentIncome>2700</NetInvestmentIncome>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>ADMINISTRATION FEES</Category>
        <Amount>107605</Amount>
        <NetInvestmentIncome>44000</NetInvestmentIncome>
        <DisbursementsCharitablePrps>63605</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>INVESTMENT ADVISORY FEES</Category>
        <Amount>50000</Amount>
        <NetInvestmentIncome>50000</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <SubstantialContributorsSch documentId="SubsContributorsSch">
      <SubstantialContributor>
        <PersonName>ROBERT E GALLAGHER MARITAL TRUST</PersonName>
        <USAddress>
          <AddressLine1>TWO PIERCE PLACE</AddressLine1>
          <City>ITASCA</City>
          <State>IL</State>
          <ZIPCode>60143</ZIPCode>
        </USAddress>
      </SubstantialContributor>
    </SubstantialContributorsSch>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>FEDERAL EXCISE TAX</Category>
        <Amount>7886</Amount>
        <NetInvestmentIncome>7886</NetInvestmentIncome>
      </Taxes>
      <Taxes>
        <Category>FOREIGN TAXES</Category>
        <Amount>3218</Amount>
        <NetInvestmentIncome>3218</NetInvestmentIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>