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          <Year1Amt>492035</Year1Amt>
          <Year2Amt>457368</Year2Amt>
          <Year3Amt>502028</Year3Amt>
          <TotalAmt>2008787</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>ESTONIAN STUDENTS FUND IN USA INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>243 EAST 34TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10016</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>8622519165</RecipientPhoneNum>
          <RecipientEmailAddressTxt>m_vaska@yahoo.com</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>TRANSCRIPTS OF RECENT ACADEMIC WORK AS WELL AS BY AT LEAST TWO LETTERS OF RECOMMENDATION. ONE OF WHICH MUST BE FROM THE INSTITUTION OF LEARNING MOST RECENTLY ATTENDED.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>none</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>THE FUND IS PRIMARILY ENGAGED IN MAKING SCHOLARSHIP GRANTS TO STUDENTS OF ESTONIAN DESCENT IN THE UNITED STATES AND ELSEWHERE, FOR PURPOSE OF GRADUATE OR UNDERGRADUATE STUDY.APPLICANTS RELATED TO ANY PERSON OR CORPORATION HAVING AN INTEREST IN THE FUND ARE AUTOMATICALLY DISQUALIFIED.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Various - available upon request</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>243 East 34th Street</AddressLine1Txt>
            <CityNm>New york</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10016</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>I</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO PROVIDE FINANCIAL AID TO ESTONIAN STUDENTS AT INSTITUTIONS OF HIGHER LEARNING AND FOR ACADEMIC INITIATIVES THAT SUPPORT ESTONIAN CULTURE, LANGUAGE, AND SOCIETY.</GrantOrContributionPurposeTxt>
          <Amt>930095</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>930095</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>358687</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>687362</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>1046049</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1046049</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <AccountingFeesDetail>
        <CategoryTxt>accounting</CategoryTxt>
        <Amt>26244</Amt>
        <NetInvestmentIncomeAmt>26244</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>26244</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="24020490" softwareVersionNum="2024v5.2">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>STOCK PORTFOLIO</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>12191239</BookValueAmt>
        <EOYFMVAmt>16301689</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherExpensesScheduleGrp>
        <Desc>bank Charges</Desc>
        <RevenueAndExpensesPerBooksAmt>341</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>341</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>341</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>dues &amp; subs</Desc>
        <RevenueAndExpensesPerBooksAmt>410</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>410</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>1168</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1168</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1168</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE</Desc>
        <RevenueAndExpensesPerBooksAmt>5325</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>5325</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>po box</Desc>
        <RevenueAndExpensesPerBooksAmt>154</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>154</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>tel</Desc>
        <RevenueAndExpensesPerBooksAmt>391</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>391</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ADVISORY FEE</CategoryTxt>
        <Amt>92744</Amt>
        <NetInvestmentIncomeAmt>92744</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>92744</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>OUTSIDE SERVICES</CategoryTxt>
        <Amt>26200</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>26200</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <TaxesDetail>
        <CategoryTxt>FEES</CategoryTxt>
        <Amt>775</Amt>
        <NetInvestmentIncomeAmt>775</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>775</AdjustedNetIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>5378</Amt>
        <NetInvestmentIncomeAmt>5378</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>5378</AdjustedNetIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>