﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2012v2.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-11-14T10:03:44-08:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>NORDSTROM &amp; ASSOCIATES PC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>150 W DALE AVE STE 2</AddressLine1>
        <City>Flagstaff</City>
        <State>AZ</State>
        <ZIPCode>86001</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>860098918</EIN>
      <Name>
        <BusinessNameLine1>Lowell Observatory</BusinessNameLine1>
      </Name>
      <NameControl>LOWE</NameControl>
      <Phone>9287743358</Phone>
      <USAddress>
        <AddressLine1>1400 W Mars Hill Road</AddressLine1>
        <City>Flagstaff</City>
        <State>AZ</State>
        <ZIPCode>86001</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>KAY MCCONAGHA</Name>
      <Title>OPERATIONS DIR</Title>
      <DateSigned>2013-11-14</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>TIM D HANSEN</Name>
      <PTIN>P00101620</PTIN>
      <Phone>9287745086</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990 documentId="IRS990" referenceDocumentId="IRS990ScheduleO" softwareId="12000229" softwareVersion="2012v2.0">
      <NameOfPrincipalOfficerPerson>JEFFREY C HALL</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>1400 W Mars Hill Road</AddressLine1>
        <City>FLAGSTAFF</City>
        <State>AZ</State>
        <ZIPCode>860014470</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>10716794</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <AllAffiliatesIncluded>false</AllAffiliatesIncluded>
      <Organization501c3>X</Organization501c3>
      <WebSite>www.lowell.edu</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1946</YearFormation>
      <StateLegalDomicile>AZ</StateLegalDomicile>
      <ActivityOrMissionDescription>Lowell's mission is to pursue the study of astronomy, especially the study of the solar system and its evolution; conduct pure research in astronomical phenomena; provide quality public education and outreach programs to bring the results of astronomical research to the public.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>1</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>1</NbrIndependentVotingMembers>
      <TotalNbrEmployees>123</TotalNbrEmployees>
      <TotalNbrVolunteers>50</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsPriorYear>6411760</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>6186895</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>520427</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>606910</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>-186783</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>237492</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>393083</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>645249</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>7138487</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>7676546</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>500</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>500</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>3706790</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>4810317</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>995911</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>3418566</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>4845087</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>7125856</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>9655904</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>12631</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>-1979358</RevenuesLessExpensesCY>
      <TotalAssetsBOY>53848348</TotalAssetsBOY>
      <TotalAssetsEOY>54884676</TotalAssetsEOY>
      <TotalLiabilitiesBOY>22745541</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>25541447</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>31102807</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>29343229</NetAssetsOrFundBalancesEOY>
      <MissionDescription>Lowell's mission is to pursue the study of astronomy, especially the study of the solar system and its evolution; conduct pure research in astronomical phenomena; provide quality public education and outreach programs to bring the results of astronomical research to the public.</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>7090596</Expense>
      <Description>CONDUCTED ASTRONOMICAL RESEARCH; PRODUCED 70 PUBLICATIONS, AND 88 CONFERENCE PROCEEDINGS AND ABSTRACTS. RESEARCH IS FUNDED PRIMARILY THROUGH GOVERNMENT GRANTS. EDUCATIONAL PROGRAMS RELATED TO ASTRONOMY. THE VISITOR CENTER AND OUTREACH PROGRAMS SERVED AN ESTIMATED 80,177 VISITORS.</Description>
      <TotalProgramServiceExpense>7090596</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="IRS990ScheduleA">true</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="IRS990ScheduleB">true</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="IRS990ScheduleD">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="IRS990ScheduleD">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="IRS990ScheduleD">true</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="IRS990ScheduleD">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="IRS990ScheduleD">true</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="IRS990ScheduleD">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="IRS990ScheduleD">false</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="IRS990ScheduleD">false</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="IRS990ScheduleD">false</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="IRS990ScheduleD">false</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="IRS990ScheduleD">false</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">false</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">true</ConsolidatedAuditFinancialStmt>
      <School>false</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals>false</GrantsToIndividuals>
      <ScheduleJRequired>false</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <InvestTaxExemptBonds>false</InvestTaxExemptBonds>
      <EscrowAccount>false</EscrowAccount>
      <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity referenceDocumentId="IRS990ScheduleR">false</DisregardedEntity>
      <RelatedEntity referenceDocumentId="IRS990ScheduleR">true</RelatedEntity>
      <RelatedOrgControlledEntity>true</RelatedOrgControlledEntity>
      <TransactionRelatedEntity referenceDocumentId="IRS990ScheduleR">false</TransactionRelatedEntity>
      <TransfersToExemptNonChrtblOrg referenceDocumentId="IRS990ScheduleR">false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership referenceDocumentId="IRS990ScheduleR">false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>22</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>123</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <Form990-TFiled>false</Form990-TFiled>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>true</QuidProQuoContributions>
      <QuidProQuoDisclosure>true</QuidProQuoDisclosure>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <NumberOf8282Filed>0</NumberOf8282Filed>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <Form8899Filed>false</Form8899Filed>
      <Form1098CFiled>false</Form1098CFiled>
      <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
      <TaxableDistributions>false</TaxableDistributions>
      <DistributionToDonor>false</DistributionToDonor>
      <FiledLieu1041>false</FiledLieu1041>
      <LicensedMoreThanOneState>false</LicensedMoreThanOneState>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>1</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>1</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>true</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>false</CompensationProcessCEO>
      <CompensationProcessOther>false</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>AZ</StatesWhereCopyOfReturnIsFiled>
      <OtherWebsite>X</OtherWebsite>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>Kay McConagha</NamePerson>
        <TelephoneNumber>9287743358</TelephoneNumber>
        <AddressUS>
          <AddressLine1>1400 W Mars Hill Road</AddressLine1>
          <City>Flagstaff</City>
          <State>AZ</State>
          <ZIPCode>860014470</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>W LOWELL PUTNAM</NamePerson>
        <Title>TRUST ADMIN</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>1125</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>1056</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JEFFREY C HALL</NamePerson>
        <Title>CEO</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>113189</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>6417</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WILLIAM L PUTNAM</NamePerson>
        <Title>President</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>KAY MCCONAGHA</NamePerson>
        <Title>OPERATIONS DIR</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>100006</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>STEPHEN LEVINE</NamePerson>
        <Title>Dep Dir for Tec</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>117115</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>5850</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DEIDRE HUNTER</NamePerson>
        <Title>SCIENCE DIR</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>103327</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>5460</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHARLES WENDT</NamePerson>
        <Title>DEP DIR OF ADV</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>130803</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>6900</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ALEXANDER VENETIOU</NamePerson>
        <Title>DCT SENIOR ELECTRICAL ENGINEER</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <KeyEmployee>X</KeyEmployee>
        <ReportableCompFromOrganization>105751</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>5407</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>PHILLIP MASSEY</NamePerson>
        <Title>ASTRONOMER</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <KeyEmployee>X</KeyEmployee>
        <ReportableCompFromOrganization>113594</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>5680</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DAVID SCHLEICHER</NamePerson>
        <Title>ASTRONOMER</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <KeyEmployee>X</KeyEmployee>
        <ReportableCompFromOrganization>111128</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>5725</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WILLIAM T DEGROFF</NamePerson>
        <Title>DCT PROJECT ENGINEER</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <KeyEmployee>X</KeyEmployee>
        <ReportableCompFromOrganization>116344</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>5900</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>EDWARD DUNHAM</NamePerson>
        <Title>INSTRUMENT SCIENTIST</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <AverageHoursPerWeekRelated>0.00</AverageHoursPerWeekRelated>
        <KeyEmployee>X</KeyEmployee>
        <ReportableCompFromOrganization>134221</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>6630</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>1146603</TotalReportableCompFromOrg>
      <TotalOtherCompensation>55025</TotalOtherCompensation>
      <NumberIndividualsGT100K>10</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>false</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>NILES RADIO COMMUNICATIONS</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>1602 N EAST STREET</AddressLine1>
            <City>FLAGSTAFF</City>
            <State>AZ</State>
            <ZIPCode>86004</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>COMMUNICATIONS</DescriptionOfServices>
        <Compensation>135579</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>E2V AEROSPACE &amp; DEFENSE</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>765 EAST SYCAMORE DRIVE</AddressLine1>
            <City>MILPITAS</City>
            <State>CA</State>
            <ZIPCode>95035</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>TECHNOLOGY SOLUTIONS</DescriptionOfServices>
        <Compensation>240000</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>CNA INSURANCE</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>DEPT LA 21245</AddressLine1>
            <City>PASADENA</City>
            <State>CA</State>
            <ZIPCode>91185</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>INSURANCE SERVICES</DescriptionOfServices>
        <Compensation>156137</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>BNY MELLON BANK</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 11211</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10286</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>INVESTMENT SERVICES</DescriptionOfServices>
        <Compensation>661654</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>BLUE CROSS BLUE SHIELD</BusinessNameLine1>
          </NameBusiness>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 81049</AddressLine1>
            <City>PHOENIX</City>
            <State>AZ</State>
            <ZIPCode>85069</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>INSURANCE SERVICES</DescriptionOfServices>
        <Compensation>388748</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>11</NumberOfContractorsGT100K>
      <RelatedOrganizations>700000</RelatedOrganizations>
      <GovernmentGrants>4041205</GovernmentGrants>
      <AllOtherContributions>1445690</AllOtherContributions>
      <TotalContributions>6186895</TotalContributions>
      <ProgramServiceRevenue>
        <Description>SPONSOR EDUCATIONAL PRGMS</Description>
        <BusinessCode>611600</BusinessCode>
        <TotalRevenueColumn>606910</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>606910</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>606910</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>113960</TotalRevenueColumn>
        <ExclusionAmount>113960</ExclusionAmount>
      </InvestmentIncome>
      <IncomeFromInvestBondProceeds>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </IncomeFromInvestBondProceeds>
      <RoyaltiesRevenue>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </RoyaltiesRevenue>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetRentalIncomeOrLoss>
      <GrossAmountSalesAssets>
        <Securities>2947124</Securities>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>2823592</Securities>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>123532</Securities>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>123532</TotalRevenueColumn>
        <ExclusionAmount>123532</ExclusionAmount>
      </NetGainOrLossInvestments>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromFundraisingEvents>
      <NetIncomeFromGaming>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromGaming>
      <GrossSalesOfInventory>382333</GrossSalesOfInventory>
      <CostOfGoodsSold>216656</CostOfGoodsSold>
      <NetIncomeOrLoss>
        <TotalRevenueColumn>165677</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>165677</RelatedOrExemptFunctionIncome>
      </NetIncomeOrLoss>
      <OtherRevenueMisc>
        <Description>TELESCOPE ACCESS FEES</Description>
        <BusinessCode>541700</BusinessCode>
        <TotalRevenueColumn>215295</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>215295</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>OTHER INCOME</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>264277</TotalRevenueColumn>
        <ExclusionAmount>264277</ExclusionAmount>
      </OtherRevenueMisc>
      <TotalOtherRevenue>479572</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>7676546</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>987882</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>501769</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>0</Total>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>500</Total>
        <ProgramServices>500</ProgramServices>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>1239312</Total>
        <ProgramServices>867518</ProgramServices>
        <ManagementAndGeneral>309828</ManagementAndGeneral>
        <Fundraising>61966</Fundraising>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>2822992</Total>
        <ProgramServices>2122298</ProgramServices>
        <ManagementAndGeneral>397030</ManagementAndGeneral>
        <Fundraising>303664</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>0</Total>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>460516</Total>
        <ProgramServices>333873</ProgramServices>
        <ManagementAndGeneral>76963</ManagementAndGeneral>
        <Fundraising>49680</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>287497</Total>
        <ProgramServices>211554</ProgramServices>
        <ManagementAndGeneral>52265</ManagementAndGeneral>
        <Fundraising>23678</Fundraising>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>1329</Total>
        <ProgramServices>163</ProgramServices>
        <ManagementAndGeneral>1166</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>31550</Total>
        <ManagementAndGeneral>31550</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>0</Total>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>0</Total>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>23510</Total>
        <ManagementAndGeneral>23510</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>504666</Total>
        <ProgramServices>106855</ProgramServices>
        <ManagementAndGeneral>103223</ManagementAndGeneral>
        <Fundraising>294588</Fundraising>
      </FeesForServicesOther>
      <Advertising>
        <Total>129483</Total>
        <ProgramServices>999</ProgramServices>
        <ManagementAndGeneral>215</ManagementAndGeneral>
        <Fundraising>128269</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>110138</Total>
        <ProgramServices>36752</ProgramServices>
        <ManagementAndGeneral>21917</ManagementAndGeneral>
        <Fundraising>51469</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>193441</Total>
        <ProgramServices>72370</ProgramServices>
        <ManagementAndGeneral>115333</ManagementAndGeneral>
        <Fundraising>5738</Fundraising>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>412752</Total>
        <ProgramServices>251036</ProgramServices>
        <ManagementAndGeneral>156669</ManagementAndGeneral>
        <Fundraising>5047</Fundraising>
      </Occupancy>
      <Travel>
        <Total>201953</Total>
        <ProgramServices>147758</ProgramServices>
        <ManagementAndGeneral>38304</ManagementAndGeneral>
        <Fundraising>15891</Fundraising>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>23977</Total>
        <ProgramServices>13473</ProgramServices>
        <ManagementAndGeneral>6372</ManagementAndGeneral>
        <Fundraising>4132</Fundraising>
      </ConferencesMeetings>
      <Interest>
        <Total>350415</Total>
        <ProgramServices>350415</ProgramServices>
      </Interest>
      <PaymentsToAffiliates>
        <Total>0</Total>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>2104887</Total>
        <ProgramServices>2020691</ProgramServices>
        <ManagementAndGeneral>63147</ManagementAndGeneral>
        <Fundraising>21049</Fundraising>
      </DepreciationDepletion>
      <Insurance>
        <Total>104189</Total>
        <ProgramServices>13882</ProgramServices>
        <ManagementAndGeneral>89463</ManagementAndGeneral>
        <Fundraising>844</Fundraising>
      </Insurance>
      <OtherExpenses>
        <Description>Miscellaneous expenses</Description>
        <Total>47091</Total>
        <ProgramServices>37481</ProgramServices>
        <ManagementAndGeneral>6623</ManagementAndGeneral>
        <Fundraising>2987</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>Dues and Subscritptions</Description>
        <Total>77118</Total>
        <ProgramServices>29189</ProgramServices>
        <ManagementAndGeneral>38146</ManagementAndGeneral>
        <Fundraising>9783</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>contract services</Description>
        <Total>193200</Total>
        <ProgramServices>193200</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUPPLIES</Description>
        <Total>335388</Total>
        <ProgramServices>280589</ProgramServices>
        <ManagementAndGeneral>37673</ManagementAndGeneral>
        <Fundraising>17126</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>0</Total>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>9655904</Total>
        <ProgramServices>7090596</ProgramServices>
        <ManagementAndGeneral>1569397</ManagementAndGeneral>
        <Fundraising>995911</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>1175</BOY>
        <EOY>127335</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>821975</BOY>
        <EOY>1219645</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>1859275</BOY>
        <EOY>1026817</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <EOY>0</EOY>
      </AccountsReceivable>
      <ReceivablesFromOfficersEtc>
        <EOY>0</EOY>
      </ReceivablesFromOfficersEtc>
      <ReceivablesFromDisqualPersons>
        <EOY>0</EOY>
      </ReceivablesFromDisqualPersons>
      <OtherNotesLoansReceivableNet>
        <EOY>0</EOY>
      </OtherNotesLoansReceivableNet>
      <InventoriesForSaleOrUse>
        <BOY>80905</BOY>
        <EOY>79440</EOY>
      </InventoriesForSaleOrUse>
      <PrepaidExpensesDeferredCharges>
        <BOY>140936</BOY>
        <EOY>0</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>57184696</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>10821944</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>46265477</BOY>
        <EOY>46362752</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>84716</BOY>
        <EOY>5587890</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>4242779</BOY>
        <EOY>0</EOY>
      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
        <EOY>0</EOY>
      </InvestmentsProgramRelated>
      <IntangibleAssets>
        <EOY>0</EOY>
      </IntangibleAssets>
      <OtherAssetsTotal>
        <BOY>351110</BOY>
        <EOY>480797</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>53848348</BOY>
        <EOY>54884676</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>570832</BOY>
        <EOY>506282</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>1755337</BOY>
        <EOY>4548852</EOY>
      </DeferredRevenue>
      <MortNotesPyblSecuredInvestProp>
        <BOY>20419372</BOY>
        <EOY>20486313</EOY>
      </MortNotesPyblSecuredInvestProp>
      <TotalLiabilities>
        <BOY>22745541</BOY>
        <EOY>25541447</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>29705507</BOY>
        <EOY>26598557</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>1334172</BOY>
        <EOY>1941426</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>63128</BOY>
        <EOY>803246</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>31102807</BOY>
        <EOY>29343229</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>53848348</BOY>
        <EOY>54884676</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-1979358</ReconcilationRevenueExpenses>
      <ReconciliationUnrealizedInvest>219780</ReconciliationUnrealizedInvest>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="12000229" softwareVersion="2012v2.0">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>6362543</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>13665852</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>5373189</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>6583239</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>6186895</CurrentTaxYear>
        <Total>38171718</Total>
      </GiftsGrantsContribReceived170>
      <TaxRevLeviedForOrgBenefit170>
        <Total>0</Total>
      </TaxRevLeviedForOrgBenefit170>
      <ValueSrvcFcltsFurnishedByGovt>
        <CurrentTaxYearMinus4Years>100000</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>100000</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>100000</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>100000</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>100000</CurrentTaxYear>
        <Total>500000</Total>
      </ValueSrvcFcltsFurnishedByGovt>
      <Total170>
        <CurrentTaxYearMinus4Years>6462543</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>13765852</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>5473189</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>6683239</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>6286895</CurrentTaxYear>
        <Total>38671718</Total>
      </Total170>
      <AmountsSubstContributorsTotal>1527593</AmountsSubstContributorsTotal>
      <PublicSupportTotal170>37144125</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>91911</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>19388</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>20329</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>100414</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>113960</CurrentTaxYear>
        <Total>346002</Total>
      </GrossInvestmentIncome170>
      <NetUBI>
        <Total>0</Total>
      </NetUBI>
      <OtherIncome170>
        <CurrentTaxYearMinus4Years>100650</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>268928</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>264025</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>272031</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>479572</CurrentTaxYear>
        <Total>1385206</Total>
      </OtherIncome170>
      <TotalSupport>40402926</TotalSupport>
      <PublicSupportPertcentage170>0.91930</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.96650</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="12000229" softwareVersion="2012v2.0">
      <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="IRS990ScheduleD" softwareId="12000229" softwareVersion="2012v2.0">
      <ArtPublicExhibitionAmts>
        <AssetsInPartX>400000</AssetsInPartX>
      </ArtPublicExhibitionAmts>
      <CollectUsedForPublicExhibition>X</CollectUsedForPublicExhibition>
      <SolicitedAssetsForSale>true</SolicitedAssetsForSale>
      <CurrentYear>
        <BeginningOfYearBalance>84715</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>1007329</InvestmentEarningsOrLosses>
        <OtherExpenditures>958322</OtherExpenditures>
        <AdministrativeExpenses>3996</AdministrativeExpenses>
        <EndOfYearBalance>129726</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>95378</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>-10663</InvestmentEarningsOrLosses>
        <EndOfYearBalance>84715</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>91356</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>11100</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>7078</GrantsOrScholarships>
        <EndOfYearBalance>95378</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <CurrentYearMinus3Years>
        <BeginningOfYearBalance>76214</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>15142</InvestmentEarningsOrLosses>
        <EndOfYearBalance>91356</EndOfYearBalance>
      </CurrentYearMinus3Years>
      <CurrentYearMinus4Years>
        <BeginningOfYearBalance>101400</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>-21388</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>3798</GrantsOrScholarships>
        <EndOfYearBalance>76214</EndOfYearBalance>
      </CurrentYearMinus4Years>
      <PermanentEndowmentEOYBalance>0.66000</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.34000</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
      <Land>
        <OtherCostOrOtherBasis>670434</OtherCostOrOtherBasis>
        <BookValue>670434</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>19159277</OtherCostOrOtherBasis>
        <Depreciation>4707978</Depreciation>
        <BookValue>14451299</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>34662898</OtherCostOrOtherBasis>
        <Depreciation>5639892</Depreciation>
        <BookValue>29023006</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>2692087</OtherCostOrOtherBasis>
        <Depreciation>474074</Depreciation>
        <BookValue>2218013</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>46362752</TotalOfBookValueLandBuildings>
      <TotRevenueEtcAuditedFinclStmt>10315511</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>219779</NetUnrealizedGainsInvestments>
      <OtherRevenues>3119186</OtherRevenues>
      <RevenueNotRptdF990>3338965</RevenueNotRptdF990>
      <RevenueSubtotal>6976546</RevenueSubtotal>
      <OtherRevenuesNotIncluded>700000</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>700000</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>7676546</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>9754188</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>98284</OtherExpensesIncluded>
      <ExpensesNotRptdF990>98284</ExpensesNotRptdF990>
      <ExpensesSubtotal>9655904</ExpensesSubtotal>
      <TotalExpensesPerForm990>9655904</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>Part XII, Line 2d</Identifier>
        <ReturnReference>Part XII, Line 2d: Other expenses and losses per audited F/S</ReturnReference>
        <Explanation>Investment Exp, reported on Trust 990 $98284</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>Part XI, Line 4b</Identifier>
        <ReturnReference>Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S</ReturnReference>
        <Explanation>Related organization grant $700000</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>Part XI, Line 2d</Identifier>
        <ReturnReference>Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990</ReturnReference>
        <Explanation>Investment Income reported on Trust 990 $3119186</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="12000229" softwareVersion="2012v2.0">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>UPON REQUEST TO THE DEPUTY DIRECTOR FOR OPERATIONS, THE 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC. THE 990 IS ALSO AVAILABLE ON GUIDESTAR. A SUMMARY OF THE CONSOLIDATED FINANCIAL STATEMENTS IS PUBLISHED ANNUALLY IN AN ANNUAL REPORT AND MAILED TO DONORS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>THE ORGANIZATION CONDUCTS WEEKLY REVIEWS OF PAYABLES INCLUDING POTENTIAL CONFLICTS OF INTEREST AND FOLLOW-UP OCCURS TO ENFORCE COMPLIANCE WITH THE COMPANY POLICY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11b</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11b: Form 990 Review Process</ReturnReference>
        <Explanation>A COPY OF THE 990 IS PROVIDED TO THE AUDIT COMMITTEE, THE TRUSTEE, THE TRUST ADMINISTRATOR AND THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 2</Identifier>
        <ReturnReference>Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et</ReturnReference>
        <Explanation>THE SOLE TRUSTEE IS THE PARENT OF THE TRUST ADMINISTRATOR.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR" softwareId="12000229" softwareVersion="2012v2.0">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PERCIVAL LOWELL TRUST UW</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1400 W MARS HILL ROAD</AddressLine1>
          <City>FLAGSTAFF</City>
          <State>AZ</State>
          <ZIPCode>860014470</ZIPCode>
        </AddressUS>
        <EIN>042007327</EIN>
        <PrimaryActivities>TRUST F/B/O LOWELL OBSERVATORY</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <ExemptCodeSection>4947(A)(1)</ExemptCodeSection>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <ControlledOrg>true</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>true</LoansOrGuaranteesFromOtherOrg>
      <DividendsRelatedOrganization>false</DividendsRelatedOrganization>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>true</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>true</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>true</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>PERCIVAL LOWELL TRUST UW</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>r</TransactionType>
        <AmountInvolved>700000</AmountInvolved>
        <MethodOfAmtDetermination>FMV</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>PERCIVAL LOWELL TRUST UW</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>e</TransactionType>
        <AmountInvolved>20400000</AmountInvolved>
        <MethodOfAmtDetermination>FMV</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>