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          <BusinessNameLine1>Seeds of Peace</BusinessNameLine1>
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          <AddressLine1>370 Lexington Avenue</AddressLine1>
          <City>New York</City>
          <State>NY</State>
          <ZIPCode>10017</ZIPCode>
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        <EINOfRecipient>521814447</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>30000</AmountOfCashGrant>
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      <RecipientTable>
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          <BusinessNameLine1>St Bernard's School Inc</BusinessNameLine1>
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          <AddressLine1>4 East 98th Street</AddressLine1>
          <City>New York</City>
          <State>NY</State>
          <ZIPCode>10029</ZIPCode>
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        <EINOfRecipient>131255270</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>230000</AmountOfCashGrant>
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          <BusinessNameLine1>Tectonic Theater Project</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>520 Eighth Avenue</AddressLine1>
          <City>New York</City>
          <State>NY</State>
          <ZIPCode>10018</ZIPCode>
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        <EINOfRecipient>133686664</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
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          <BusinessNameLine1>The James Beard Foundation</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>167 West 12th Street</AddressLine1>
          <City>New York</City>
          <State>NY</State>
          <ZIPCode>10011</ZIPCode>
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        <EINOfRecipient>132752108</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>25000</AmountOfCashGrant>
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          <BusinessNameLine1>The Leukemia &amp; Lymphoma Society</BusinessNameLine1>
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          <AddressLine1>475 Park Avene</AddressLine1>
          <City>New York</City>
          <State>NY</State>
          <ZIPCode>10016</ZIPCode>
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        <EINOfRecipient>135644916</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>39000</AmountOfCashGrant>
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          <BusinessNameLine1>The Metropolitan Museum of Art</BusinessNameLine1>
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          <AddressLine1>1000 Fifth Avenue</AddressLine1>
          <City>New York</City>
          <State>NY</State>
          <ZIPCode>10028</ZIPCode>
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        <EINOfRecipient>131624086</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>100000</AmountOfCashGrant>
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          <BusinessNameLine1>Trinity Episcopal Schools Corporation</BusinessNameLine1>
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          <AddressLine1>139 West 91st Street</AddressLine1>
          <City>New York</City>
          <State>NY</State>
          <ZIPCode>10024</ZIPCode>
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        <EINOfRecipient>135563003</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>70000</AmountOfCashGrant>
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          <BusinessNameLine1>Trout Unlimited</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>1300 North 17th Street</AddressLine1>
          <City>Arlington</City>
          <State>VA</State>
          <ZIPCode>22209</ZIPCode>
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        <EINOfRecipient>381612715</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>50000</AmountOfCashGrant>
        <PurposeOfGrant>Donation</PurposeOfGrant>
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          <BusinessNameLine1>UJA-Federation</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>130 East 59th Street</AddressLine1>
          <City>New York</City>
          <State>NY</State>
          <ZIPCode>10022</ZIPCode>
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        <EINOfRecipient>510178429</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>81000</AmountOfCashGrant>
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          <BusinessNameLine1>United Way of New York City</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>2 Park Avenue</AddressLine1>
          <City>New York</City>
          <State>NY</State>
          <ZIPCode>10016</ZIPCode>
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        <EINOfRecipient>132617681</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>60000</AmountOfCashGrant>
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          <BusinessNameLine1>University of Miami</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>1252 Memorial Drive</AddressLine1>
          <City>Coral Gables</City>
          <State>FL</State>
          <ZIPCode>33146</ZIPCode>
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        <EINOfRecipient>590624458</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>530000</AmountOfCashGrant>
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          <BusinessNameLine1>University of North Carolina at Chapel Hill</BusinessNameLine1>
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          <AddressLine1>208 W Franklin Street</AddressLine1>
          <City>Chapel Hill</City>
          <State>NC</State>
          <ZIPCode>27514</ZIPCode>
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        <EINOfRecipient>566001393</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>80000</AmountOfCashGrant>
        <PurposeOfGrant>Donation</PurposeOfGrant>
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          <BusinessNameLine1>University of Pennsylvania</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>3615 Market Street</AddressLine1>
          <City>Philadelphia</City>
          <State>PA</State>
          <ZIPCode>19104</ZIPCode>
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        <EINOfRecipient>231352685</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>25000</AmountOfCashGrant>
        <PurposeOfGrant>Donation</PurposeOfGrant>
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          <BusinessNameLine1>ACUMEN FUND</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>76 NINTH AVE</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10011</ZIPCode>
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        <EINOfRecipient>134166228</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>100000</AmountOfCashGrant>
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          <BusinessNameLine1>APPLESEED FOUNDATION INC</BusinessNameLine1>
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          <AddressLine1>727 15TH STREET NW</AddressLine1>
          <City>WASHINGTON</City>
          <State>DC</State>
          <ZIPCode>20005</ZIPCode>
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        <EINOfRecipient>521835698</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>20000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>ASIA SOCIETY</BusinessNameLine1>
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          <AddressLine1>725 PARK AVENUE</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10021</ZIPCode>
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        <EINOfRecipient>133234632</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>ATLANTIC LEGAL FOUNDATION</BusinessNameLine1>
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          <AddressLine1>60 EAST 42ND ST</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10165</ZIPCode>
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        <EINOfRecipient>232022920</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>6000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>BOY SCOUTS OF AMERICA COUNCIL</BusinessNameLine1>
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          <AddressLine1>1776 W WARREN AVENUE</AddressLine1>
          <City>DETROIT</City>
          <State>MI</State>
          <ZIPCode>48208</ZIPCode>
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        <EINOfRecipient>381359086</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>BOYS CLUB OF NEW YORK INC</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>287 E 10TH STREET</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10009</ZIPCode>
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        <EINOfRecipient>135591750</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>52500</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>BRUNSWICK SCHOOL</BusinessNameLine1>
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          <AddressLine1>100 MAHER AVENUE</AddressLine1>
          <City>GREENWICH</City>
          <State>CT</State>
          <ZIPCode>068309938</ZIPCode>
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        <EINOfRecipient>060646562</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>250000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>CASE WESTERN RESERVE UNIVERSITY</BusinessNameLine1>
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          <AddressLine1>11318 bellflower road</AddressLine1>
          <City>cleveland</City>
          <State>OH</State>
          <ZIPCode>44106</ZIPCode>
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        <EINOfRecipient>341018992</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>27633</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>CATHOLIC CHARITIES OF THE ARCHDIOCESE OF NY</BusinessNameLine1>
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          <AddressLine1>1011 FIRST AVENUE</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10022</ZIPCode>
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        <EINOfRecipient>135562184</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>25000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>CHAMBER MUSIC SOCIETY OF LINCOLN CENTER INC</BusinessNameLine1>
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          <AddressLine1>70 LINCOLN CENTER PLAZA</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10023</ZIPCode>
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        <EINOfRecipient>132628036</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>15000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>CHAPIN SCHOOL LTD</BusinessNameLine1>
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          <AddressLine1>100 EAST END AVENUE</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10028</ZIPCode>
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        <EINOfRecipient>131635257</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>276979</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>CHESS IN SCHOOLS</BusinessNameLine1>
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          <AddressLine1>520 EIGHT AVE</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10018</ZIPCode>
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        <EINOfRecipient>136119036</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>12500</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>CHILDREN'S RIGHTS INC</BusinessNameLine1>
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          <AddressLine1>330 SEVENTH AVE</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10001</ZIPCode>
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        <EINOfRecipient>133801864</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>15000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>COALITION FOR THE HOMELESS</BusinessNameLine1>
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          <AddressLine1>129 FULTON STREET</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10038</ZIPCode>
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        <EINOfRecipient>133072967</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>COMMUNITY ENDEAVORS INC</BusinessNameLine1>
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          <AddressLine1>PO BOX 606194</AddressLine1>
          <City>CLEVELAND</City>
          <State>OH</State>
          <ZIPCode>44106</ZIPCode>
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        <EINOfRecipient>341723451</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>15000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>CORNELL UNIVERSITY</BusinessNameLine1>
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          <AddressLine1>341 PINE TREE ROAD</AddressLine1>
          <City>ITHACA</City>
          <State>NY</State>
          <ZIPCode>14850</ZIPCode>
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        <EINOfRecipient>150532082</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>COUNCIL ON FOREIGN RELATIONS</BusinessNameLine1>
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          <AddressLine1>58 EAST 68TH STREET</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10021</ZIPCode>
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        <EINOfRecipient>131628168</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>20000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>CYSTIC FIBROSIS FOUNDATION HEADQUARTERS</BusinessNameLine1>
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          <AddressLine1>6931 ARLINGTON ROAD</AddressLine1>
          <City>BETHESDA</City>
          <State>MD</State>
          <ZIPCode>20814</ZIPCode>
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        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>FDTN FOR MGMT EDUCATION IN CENTRAL AMERICA</BusinessNameLine1>
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          <AddressLine1>PO BOX 639</AddressLine1>
          <City>GLEN ECHO</City>
          <State>MD</State>
          <ZIPCode>20812</ZIPCode>
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        <EINOfRecipient>541492775</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>25000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>GREENLIGHT FUND INC</BusinessNameLine1>
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          <AddressLine1>TWO CANAL PARK</AddressLine1>
          <City>CAMBRIDGE</City>
          <State>MA</State>
          <ZIPCode>021410000</ZIPCode>
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        <EINOfRecipient>200407083</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>HEDGE FUNDS CARE INC</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>70 WEST 36TH ST</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10018</ZIPCode>
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        <EINOfRecipient>431959796</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>10000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>INNER CITY SCHOLARSHIP FUND</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>1011 FIRST AVE</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10022</ZIPCode>
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        <EINOfRecipient>510453629</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>17500</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>INTERNATIONAL RESCUE COMMITTEE</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>122 EAST 42ND STREET</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10168</ZIPCode>
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        <EINOfRecipient>135660870</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>30000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>INTERNATIONAL YOUTH FOUNDATION</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>32 SOUTH STREET</AddressLine1>
          <City>BALTIMORE</City>
          <State>MD</State>
          <ZIPCode>21202</ZIPCode>
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        <EINOfRecipient>382935397</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>25000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>LEARNING LEADERS INC</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>80 MAIDEN LANE</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10038</ZIPCode>
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        <EINOfRecipient>132658549</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>12500</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>MAINE TECHNOLOGY INSTITUTE</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>8 VENTURE AVENUE</AddressLine1>
          <City>BRUNSWICK</City>
          <State>ME</State>
          <ZIPCode>040110000</ZIPCode>
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        <EINOfRecipient>010529871</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>237518</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>MARINE CORPS-LAW ENFORCEMENT FOUNDATION</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>10 ROCKEFELLER PLAZA</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10020</ZIPCode>
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        <EINOfRecipient>223357410</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>15000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
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          <BusinessNameLine1>MICHAEL J FOX FDTN FOR PARKINSONS RESEARCH</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>PO BOX 780</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10008</ZIPCode>
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        <EINOfRecipient>134141945</EINOfRecipient>
        <IRCSection>501C3</IRCSection>
        <AmountOfCashGrant>50000</AmountOfCashGrant>
        <PurposeOfGrant>DONATIONS</PurposeOfGrant>
      </RecipientTable>
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      <SecuritiesPrtnrshpTrustIntrsts>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>6</NumberOfContributions>
        <NoncashContribsRptdF990>4027646</NoncashContribsRptdF990>
      </SecuritiesPrtnrshpTrustIntrsts>
      <SecuritiesMiscellaneous />
      <QualifiedContribHistStruct />
      <QualifiedContribOther />
      <RealEstateResidential />
      <RealEstateCommercial />
      <RealEstateOther />
      <Collectibles />
      <FoodInventory />
      <DrugsAndMedicalSupplies />
      <Taxidermy />
      <HistoricalArtifacts />
      <ScientificSpecimens />
      <ArchaeologicalArtifacts />
      <NumberOf8283Received>9</NumberOf8283Received>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>RELATIONSHIPS</Identifier>
        <ReturnReference>FORM 990, PART 1, LINE 4 AND PART VI, SECTION A, LINE 2</ReturnReference>
        <Explanation>THE FOUNDATION'S BOARD OF DIRECTORS IS COMPRISED OF EMPLOYEES OF THE BLACKSTONE GROUP, LP. BLACKSTONE GROUP MANAGEMENT LLC, WHICH SERVES AS THE GENERAL PARTNER OF THE BLACKSTONE GROUP LP, IS THE SOLE MEMBER OF THE FOUNDATION. AS THE FOUNDATION'S BOARD OF DIRECTORS ARE COMPENSATED AS EMPLOYEES OF A RELATED ORGANIZATION, THEY ARE NOT DEEMED TO BE INDEPENDENT VOTING MEMBERS OF THE FOUNDATION'S GOVERNING BOARD. THE BLACKSTONE GROUP, LP THROUGH ITS WHOLLY OWNED ENTITY BLACKSTONE ADMINSTRATIVE SERVICES PARTNERSHIP LLC ("SERVICES"), PROVIDES THE FOUNDATION WITH OFFICE SPACE AND GRANT AND INVESTMENT MANAGEMENT SERVICES WITHOUT CHARGE. IN ADDITION, SERVICES PROVIDES AN INTERST-FREE LOAN TO THE FOUNDATION IN ORDER TO FUND A PORTION OF ITS CHARITABLE ACTIVITIES, PAYROLL AND BENEFITS FOR THE FOUNDATION STAFF (SERVICES ACTS AS COMMON PAYMASTER), AND OTHER RELATED ADMINSTRATIVE COSTS. THE MATURITY DATE OF THE OUTSTANDING BALANCE HAS BEEN EXTENDED TO DECEMBER 31,2015.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>REVIEW OF FORM 990</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11B</ReturnReference>
        <Explanation>MANAGEMENT AND OUTSIDE COUNSEL FOR THE FOUNDATION REVIEW THE DRAFT FORM 990. UPON COMPLETIONS OF THE REVIEW, THE FULL BOARD OF DIRECTORS RECEIVE THE APPROVED DRAFT PRIOR TO ITS ELECTRONIC FILING WITH THE INTERNAL REVENUE SERVICE.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CONFLICT OF INTEREST POLICY</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>EACH MEMBER OF THE BOARD OF DIRECTORS IS REQUIRED TO COMPLETE AND SIGN AN ANNUAL ACKNOWLEDGEMENT OF COMPLIANCE WITH THE FOUNDATION'S CONFLICT OF INTEREST POLICY AND REPORT ANY POTENTIAL CONFLICTS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>DETERMINATION OF COMPENSATION OF THE EXECUTIVE DIRECTOR</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15B</ReturnReference>
        <Explanation>The compensation of the Foundation's executive director has been ratified by the full board of directors using data for comparable positions from public sources, including surveys compiled from the forms 990 of like sized organizations.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>AVAILABILITY OF GOVERNING DOCUMENTS</Identifier>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>COPIES OF THE FOUNDATIONS FORM 990 THAT IS AVAILABLE FOR PUBLIC INSPECTION AS WELL AS ITS ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>OTHER CHANGES IN NET ASSETS</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5</ReturnReference>
        <Explanation>OTHER CHANGES IN NET ASSETS REPRESENTS UNREALIZED LOSS ON INVESTMENTS OF $7,477,622</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 8868</Identifier>
        <ReturnReference>EXTENSION OF TIME TO FILE FOR AN EXEMPT ORGANIZATION</ReturnReference>
        <Explanation>FORM 8868 - APPLICATION'S FOR EXTENSION OF TIME TO FILE AN EXEMPT ORGANIZATION RETURN WERE ELECTRONICALLY FILED.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartIII>
        <NameOfRelatedOrg>
          <BusinessNameLine1>THE BLACKSTONE GROUP LP</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>20-8875684</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10154</ZIPCode>
        </AddressUS>
        <PrimaryActivity>INVESTMENT</PrimaryActivity>
        <LegalDomicileState>DE</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <DisproportionateAllocations>false</DisproportionateAllocations>
        <GeneralOrManagingPartner>false</GeneralOrManagingPartner>
      </Form990ScheduleRPartIII>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>BLACKSTONE ADMIN SERVICES PTNSHP LLC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>345 PARK AVENUE</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10154</ZIPCode>
        </AddressUS>
        <EIN>133637000</EIN>
        <PrimaryActivity>ADMIN SERVICES</PrimaryActivity>
        <LegalDomicileState>DE</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>LLC</TypeOfEntity>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>BLACKSTONE GROUP MANAGEMENT LLC</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>345 PARK AVENUE</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10154</ZIPCode>
        </AddressUS>
        <PrimaryActivity>SOLE MEMBER OF FD</PrimaryActivity>
        <LegalDomicileState>DE</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>LLC</TypeOfEntity>
      </Form990ScheduleRPartIV>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>true</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>true</SharingOfFacilities>
      <SharingOfPaidEmployees>true</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>true</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>BLACKSTONE ADMIN SERVICES PTNRSHP LLC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>E AND</TransactionType>
        <AmountInvolved>2771558</AmountInvolved>
        <MethodOfAmtDetermination>FMV</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>THE BLACKSONE GROUP LP</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>M AND</TransactionType>
        <AmountInvolved>0</AmountInvolved>
        <MethodOfAmtDetermination>FMV</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>