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      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>2320024</BeginningOfYearBalance>
        <Contributions>302000</Contributions>
        <InvestmentEarningsOrLosses>552468</InvestmentEarningsOrLosses>
        <EndOfYearBalance>3174492</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <CurrentYearMinus3Years>
        <Contributions>2320024</Contributions>
        <EndOfYearBalance>2320024</EndOfYearBalance>
      </CurrentYearMinus3Years>
      <BoardDesignatedEOYBalance>0.26000</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.74000</PermanentEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <Land>
        <InvestmentCostOrOtherBasis>260000</InvestmentCostOrOtherBasis>
        <BookValue>260000</BookValue>
      </Land>
      <Equipment>
        <OtherCostOrOtherBasis>43013</OtherCostOrOtherBasis>
        <Depreciation>41097</Depreciation>
        <BookValue>1916</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>261916</TotalOfBookValueLandBuildings>
      <FinancialDerivatives>
        <BookValue>671967</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </FinancialDerivatives>
      <OtherSecurities>
        <BookValue>5061628</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>5733595</TotalOfBookValueSecurities>
      <OtherLiabilities>
        <Description>SALES TAXES DUE</Description>
        <Amount>6435</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>DUE TO RELATED PARTY</Description>
        <Amount>1059744</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>1066179</TotalOfAmounts>
      <Form990ScheduleDPartXIII>
        <Identifier>DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:</Identifier>
        <ReturnReference>PART V, LINE 4:</ReturnReference>
        <Explanation>TO PROVIDE INCOME TO OFFSET OPERATING EXPENSES SUCH AS SALARIES AND SCHOLARSHIPS.</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleG documentId="RetDoc1041300001">
      <EventsInformation>
        <NameOfEvent1>ART SALE</NameOfEvent1>
        <GrossReceiptsEvent1>48585</GrossReceiptsEvent1>
        <GrossRevenueEvent1>48585</GrossRevenueEvent1>
        <OtherDirectExpensesEvent1>40964</OtherDirectExpensesEvent1>
        <NameOfEvent2>AUCTION</NameOfEvent2>
        <GrossReceiptsEvent2>91974</GrossReceiptsEvent2>
        <GrossRevenueEvent2>91974</GrossRevenueEvent2>
        <RentFacilityCostsEvent2>10000</RentFacilityCostsEvent2>
        <FoodAndBeverageEvent2>5251</FoodAndBeverageEvent2>
        <EntertainmentEvent2>3500</EntertainmentEvent2>
        <OtherDirectExpensesEvent2>14627</OtherDirectExpensesEvent2>
        <TotalNumberOfOtherEvents>3</TotalNumberOfOtherEvents>
        <GrossReceiptsOtherEvents>52421</GrossReceiptsOtherEvents>
        <GrossRevenueOtherEvents>52421</GrossRevenueOtherEvents>
        <OtherDirectExpensesOtherEvents>33378</OtherDirectExpensesOtherEvents>
        <GrossReceiptsTotal>192980</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>192980</GrossRevenueTotalEvents>
        <RentFacilityCostsTotalEvents>10000</RentFacilityCostsTotalEvents>
        <FoodAndBeverageTotalEvents>5251</FoodAndBeverageTotalEvents>
        <EntertainmentTotalEvents>3500</EntertainmentTotalEvents>
        <OtherDirectExpensesTotalEvents>88969</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>107720</DirectExpenseSummaryEvents>
        <NetIncomeSummary>85260</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>1</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>ST GEORGE'S INDEPENDENT SCHOOL</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>1880 WOLF RIVER BLVD</AddressLine1>
          <City>COLLIERVILLE</City>
          <State>TN</State>
          <ZIPCode>380179052</ZIPCode>
        </AddressUS>
        <EINOfRecipient>621761850</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>3917037</AmountOfCashGrant>
        <PurposeOfGrant>PAYMENT OF FUNDS RAISED TO SUPPORTED ORGANIZATION FOR DEBT SERVICE OF CONSTRUCTION OF BUILDINGS AND FOR GENERAL OPERATING EXPENSES OF THE SCHOOL.</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOfOtherOrganizations>1</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURE FOR MONITORING GRANTS IN THE U.S.:</Identifier>
        <ReturnReference>PART I, LINE 2:</ReturnReference>
        <Explanation>SCHEDULE I, PART I, LINE 2: ALL GRANTS GO TO THE RELATED SCHOOL THAT THIS ORGANIZATION IS SUPPORTING.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleM documentId="RetDoc1042900001">
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>30850</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FMV FROM STOCK EXCHANGE</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <AnyPropertyThatMustBeHeld>0</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>1</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>0</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>PRESENTED TO BOARD OF TRUSTEES FOR REVIEW.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>BY HOLDING REGULAR BOARD MEETINGS AND DISCUSSING ANY POTENTIAL CONFLICT OF INTEREST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>SUCH DOCUMENTS ARE AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="RetDoc1043400001">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>ST GEORGE'S INDEPENDENT SCHOOL</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1880 WOLF RIVER BLVD</AddressLine1>
          <City>COLLIERVILLE</City>
          <State>TN</State>
          <ZIPCode>380179052</ZIPCode>
        </AddressUS>
        <EIN>621761850</EIN>
        <PrimaryActivities>PRIVATE SCHOOL</PrimaryActivities>
        <LegalDomicileState>TN</LegalDomicileState>
        <ExemptCodeSection>501(C)(3)</ExemptCodeSection>
        <PublicCharityStatus>170(B)(1)(A)(II)</PublicCharityStatus>
        <ControlledOrg>0</ControlledOrg>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>0</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>1</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>0</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>0</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>0</LoansOrGuaranteesFromOtherOrg>
      <DividendsRelatedOrganization>0</DividendsRelatedOrganization>
      <SaleOfAssetsToOtherOrg>0</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>0</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>0</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>0</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>0</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>0</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>1</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>0</SharingOfFacilities>
      <SharingOfPaidEmployees>1</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>0</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>0</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>0</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>0</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>ST GEORGE'S INDEPENDENT SCHOOL</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>B</TransactionType>
        <AmountInvolved>3917037</AmountInvolved>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>ST GEORGE'S INDEPENDENT SCHOOL</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>M</TransactionType>
        <AmountInvolved>225597</AmountInvolved>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>ST GEORGE'S INDEPENDENT SCHOOL</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>O</TransactionType>
        <AmountInvolved>480563</AmountInvolved>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>