﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2010v3.7">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-03-02T19:45:29-06:00</Timestamp>
    <TaxPeriodEndDate>2011-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>GRANT THORNTON LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>ONE CALIFORNIA STREET SUITE 2300</AddressLine1>
        <City>SAN FRANCISCO</City>
        <State>CA</State>
        <ZIPCode>94111</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2010-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>866051042</EIN>
      <Name>
        <BusinessNameLine1>Arizona State University Foundation For A New</BusinessNameLine1>
        <BusinessNameLine2>American University</BusinessNameLine2>
      </Name>
      <NameControl>ARIZ</NameControl>
      <Phone>4809653759</Phone>
      <USAddress>
        <AddressLine1>PO Box 2260</AddressLine1>
        <City>Tempe</City>
        <State>AZ</State>
        <ZIPCode>85280</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Virginia Foltz</Name>
      <Title>VP, CFO &amp; Treasurer</Title>
      <Phone>4809653759</Phone>
      <DateSigned>2012-02-27</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>JOE DETRANE</Name>
      <Phone>4159863900</Phone>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="15">
    <IRS990 documentId="IRS990" referenceDocumentId="IRS990ScheduleO">
      <NameOfPrincipalOfficerPerson>Rick Shangraw</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>300 E University Dr</AddressLine1>
        <City>Tempe</City>
        <State>AZ</State>
        <ZIPCode>85281</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>521971047</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>www.asufoundation.org</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1955</YearFormation>
      <StateLegalDomicile>AZ</StateLegalDomicile>
      <ActivityOrMissionDescription>See Schedule O</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>18</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>17</NbrIndependentVotingMembers>
      <TotalNbrEmployees>240</TotalNbrEmployees>
      <TotalGrossUBI>67429</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>0</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>42033850</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>54069576</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>4380314</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>4415817</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>11846615</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>9911060</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>26712047</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>4592632</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>84972826</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>72989085</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>42723510</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>50030862</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>19714538</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>3783899</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>90000</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>3563948</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>23474118</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>16931156</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>85912166</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>70835917</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>-939340</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>2153168</RevenuesLessExpensesCY>
      <TotalAssetsBOY>695114593</TotalAssetsBOY>
      <TotalAssetsEOY>780191467</TotalAssetsEOY>
      <TotalLiabilitiesBOY>193487124</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>205541866</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>501627469</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>574649601</NetAssetsOrFundBalancesEOY>
      <MissionDescription>See Schedule O</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>61647025</Expense>
      <Grants>50030862</Grants>
      <Revenue>7590000</Revenue>
      <Description>All program expenses support the education, research, public service and other acitivities of Arizona State University.</Description>
      <TotalProgramServiceExpense>61647025</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="IRS990ScheduleA">true</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="IRS990ScheduleB">true</ScheduleBRequired>
      <PoliticalActivities referenceDocumentId="IRS990ScheduleC">false</PoliticalActivities>
      <LobbyingActivities referenceDocumentId="IRS990ScheduleC">true</LobbyingActivities>
      <DonorAdvisedFunds referenceDocumentId="IRS990ScheduleD">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="IRS990ScheduleD">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="IRS990ScheduleD">false</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="IRS990ScheduleD">true</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="IRS990ScheduleD">true</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="IRS990ScheduleD">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="IRS990ScheduleD">true</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="IRS990ScheduleD">false</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="IRS990ScheduleD">false</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="IRS990ScheduleD">true</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="IRS990ScheduleD">true</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">false</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="IRS990ScheduleD">true</ConsolidatedAuditFinancialStmt>
      <School>false</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities referenceDocumentId="IRS990ScheduleF">true</ForeignActivities>
      <MoreThan5000KToOrganizations referenceDocumentId="IRS990ScheduleF">false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals referenceDocumentId="IRS990ScheduleF">false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising referenceDocumentId="IRS990ScheduleG">true</ProfessionalFundraising>
      <FundraisingActivities referenceDocumentId="IRS990ScheduleG">false</FundraisingActivities>
      <Gaming referenceDocumentId="IRS990ScheduleG">false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations referenceDocumentId="IRS990ScheduleI">true</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="IRS990ScheduleI">false</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="IRS990ScheduleJ">true</ScheduleJRequired>
      <TaxExemptBonds referenceDocumentId="IRS990ScheduleK">true</TaxExemptBonds>
      <InvestTaxExemptBonds>true</InvestTaxExemptBonds>
      <EscrowAccount>false</EscrowAccount>
      <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
      <ExcessBenefitTransaction referenceDocumentId="IRS990ScheduleL">false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction referenceDocumentId="IRS990ScheduleL">false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP referenceDocumentId="IRS990ScheduleL">false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson referenceDocumentId="IRS990ScheduleL">false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization referenceDocumentId="IRS990ScheduleL">false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember referenceDocumentId="IRS990ScheduleL">true</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp referenceDocumentId="IRS990ScheduleL">false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions referenceDocumentId="IRS990ScheduleM">true</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt referenceDocumentId="IRS990ScheduleM">false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity referenceDocumentId="IRS990ScheduleR">true</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>172</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>240</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>true</UnrelatedBusinessIncome>
      <Form990-TFiled>true</Form990-TFiled>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>false</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>18</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>17</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</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>true</LocalChapters>
      <PoliciesReferenceChapters>true</PoliciesReferenceChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>true</CompensationProcessOther>
      <InvestmentInJointVenture>true</InvestmentInJointVenture>
      <WrittenPolicyOrProcedure>true</WrittenPolicyOrProcedure>
      <StatesWhereCopyOfReturnIsFiled>AZ</StatesWhereCopyOfReturnIsFiled>
      <OwnWebsite>X</OwnWebsite>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>VIRGINIA E FOLTZ CPA</NamePerson>
        <TelephoneNumber>4809651791</TelephoneNumber>
        <AddressUS>
          <AddressLine1>300 EAST UNIVERSITY DRIVE</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85281</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>William Post</NamePerson>
        <Title>Chairman</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Tony Corey</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Scott Crozier</NamePerson>
        <Title>Chair, Nominating Com</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Wayne Doran</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Stephen Evans</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>2.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Juanita Francis</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Ira Fulton</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>John Graham</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Bob Johnson</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Anne Mariucci</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Morgan Olsen</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Harry Papp</NamePerson>
        <Title>Chair, Investment Committee</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Gary Trujillo</NamePerson>
        <Title>Chair, Audit Committee</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Craig Weatherup</NamePerson>
        <Title>Former Chair</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Kenneth Van Winkle</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Greg Vogel</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Scott Wald</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Angelina Yin Cesal</NamePerson>
        <Title>Director</Title>
        <AverageHoursPerWeek>1.0</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Johnnie Ray</NamePerson>
        <Title>President and CEO</Title>
        <AverageHoursPerWeek>60.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>433632</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>7387</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Virginia Foltz</NamePerson>
        <Title>VP, CFO, Treasurer</Title>
        <AverageHoursPerWeek>50.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>151270</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>19749</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Julie Lim</NamePerson>
        <Title>General Counsel</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>210911</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>17801</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jacqueline Norton</NamePerson>
        <Title>VP- Leadership Giving</Title>
        <AverageHoursPerWeek>50.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>244783</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>15344</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Augustine Cheng AZTE</NamePerson>
        <Title>CEO AZTE</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>454867</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>11708</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>John Geltosky AZTE</NamePerson>
        <Title>Sr VP Business Devlpmt AZTE</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>235273</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>16072</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jill Uhl AZTE</NamePerson>
        <Title>VP Legal Affair/Corp Dev AZTE</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>231128</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>16559</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>Jane DiFolco Parker</NamePerson>
        <Title>COO &amp; SVP</Title>
        <AverageHoursPerWeek>40.0</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>137955</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>1853</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>2099819</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>106473</TotalOtherCompensation>
      <NumberIndividualsGT100K>35</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>McDonnell Boehnen Hulbert Berghoff</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>300 South Wacker Drive</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>606066709</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>LEGAL services</DescriptionOfServices>
        <Compensation>567260</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>Fulbright and Jaworski LLP</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>600 CONGRESS AVE STE 2400</AddressLine1>
            <City>AUSTIN</City>
            <State>TX</State>
            <ZIPCode>78701</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>LEGAL services</DescriptionOfServices>
        <Compensation>264641</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>CAMBRIDGE ASSOCIATES LLC</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 10317</AddressLine1>
            <City>UNIONDALE</City>
            <State>NY</State>
            <ZIPCode>115550317</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>Investment CONSULT</DescriptionOfServices>
        <Compensation>1006943</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>CITADEL PATENT LAW</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>9124 GRAVELLY LAKE DR SW STE 102</AddressLine1>
            <City>LAKEWOOD</City>
            <State>WA</State>
            <ZIPCode>98499</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>LEGAL services</DescriptionOfServices>
        <Compensation>287842</Compensation>
      </ContractorCompensation>
      <ContractorCompensation>
        <NameOfContractor>
          <NamePerson>BRYAN CAVE LLP</NamePerson>
        </NameOfContractor>
        <AddressOfContractor>
          <AddressUS>
            <AddressLine1>PO BOX 503089</AddressLine1>
            <City>ST LOUIS</City>
            <State>MO</State>
            <ZIPCode>631503089</ZIPCode>
          </AddressUS>
        </AddressOfContractor>
        <DescriptionOfServices>LEGAL services</DescriptionOfServices>
        <Compensation>255110</Compensation>
      </ContractorCompensation>
      <NumberOfContractorsGT100K>14</NumberOfContractorsGT100K>
      <AllOtherContributions>54069576</AllOtherContributions>
      <NoncashContributions>6714049</NoncashContributions>
      <TotalContributions>54069576</TotalContributions>
      <ProgramServiceRevenue>
        <Description>PROGRAM SUPPORT</Description>
        <BusinessCode>541800</BusinessCode>
        <TotalRevenueColumn>1315112</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1312862</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>2250</UnrelatedBusinessRevenue>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>BRICKYARD RENTAL</Description>
        <BusinessCode>531120</BusinessCode>
        <TotalRevenueColumn>3100705</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>3100705</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>4415817</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>7709663</TotalRevenueColumn>
        <UnrelatedBusinessRevenue>65179</UnrelatedBusinessRevenue>
        <ExclusionAmount>7644484</ExclusionAmount>
      </InvestmentIncome>
      <IncomeFromInvestBondProceeds>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </IncomeFromInvestBondProceeds>
      <RoyaltiesRevenue>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </RoyaltiesRevenue>
      <GrossRents>
        <Real>1416199</Real>
      </GrossRents>
      <RentalIncomeOrLoss>
        <Real>1416199</Real>
      </RentalIncomeOrLoss>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>1416199</TotalRevenueColumn>
        <ExclusionAmount>1416199</ExclusionAmount>
      </NetRentalIncomeOrLoss>
      <GrossAmountSalesAssets>
        <Securities>451183359</Securities>
      </GrossAmountSalesAssets>
      <LessCostOthBasisSalesExpenses>
        <Securities>448981962</Securities>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Securities>2201397</Securities>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>2201397</TotalRevenueColumn>
        <ExclusionAmount>2201397</ExclusionAmount>
      </NetGainOrLossInvestments>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromFundraisingEvents>
      <NetIncomeFromGaming>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromGaming>
      <NetIncomeOrLoss>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeOrLoss>
      <OtherRevenueMisc>
        <Description>ASSET MANAGEMENT FEES REVENUE</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>1937752</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1937752</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>MISCELLANEOUS</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>1238681</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1238681</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <TotalOtherRevenue>3176433</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>72989085</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>7590000</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>67429</UnrelatedBusinessRevenue>
        <ExclusionAmount>11262080</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>50030862</Total>
        <ProgramServices>50030862</ProgramServices>
      </GrantsToDomesticOrgs>
      <GrantsToDomesticIndividuals>
        <Total>0</Total>
      </GrantsToDomesticIndividuals>
      <ForeignGrants>
        <Total>0</Total>
      </ForeignGrants>
      <BenefitsToMembers>
        <Total>0</Total>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>243689</Total>
        <ProgramServices>62140</ProgramServices>
        <ManagementAndGeneral>136334</ManagementAndGeneral>
        <Fundraising>45215</Fundraising>
      </CompCurrentOfficersDirectors>
      <CompDisqualPersons>
        <Total>0</Total>
      </CompDisqualPersons>
      <OtherSalariesAndWages>
        <Total>2870537</Total>
        <ProgramServices>518145</ProgramServices>
        <ManagementAndGeneral>1077996</ManagementAndGeneral>
        <Fundraising>1274396</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>145317</Total>
        <ProgramServices>29491</ProgramServices>
        <ManagementAndGeneral>42319</ManagementAndGeneral>
        <Fundraising>73507</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>334466</Total>
        <ProgramServices>46652</ProgramServices>
        <ManagementAndGeneral>136243</ManagementAndGeneral>
        <Fundraising>151571</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>189890</Total>
        <ProgramServices>27024</ProgramServices>
        <ManagementAndGeneral>62161</ManagementAndGeneral>
        <Fundraising>100705</Fundraising>
      </PayrollTaxes>
      <FeesForServicesManagement>
        <Total>0</Total>
      </FeesForServicesManagement>
      <FeesForServicesLegal>
        <Total>615088</Total>
        <ProgramServices>606164</ProgramServices>
        <ManagementAndGeneral>8853</ManagementAndGeneral>
        <Fundraising>71</Fundraising>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>229367</Total>
        <ProgramServices>60731</ProgramServices>
        <ManagementAndGeneral>168636</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesLobbying>
        <Total>496951</Total>
        <ProgramServices>496951</ProgramServices>
      </FeesForServicesLobbying>
      <FeesForServicesProfFundraising>
        <Total>90000</Total>
        <Fundraising>90000</Fundraising>
      </FeesForServicesProfFundraising>
      <FeesForServicesInvstMgmntFees>
        <Total>892481</Total>
        <ProgramServices>444279</ProgramServices>
        <ManagementAndGeneral>448202</ManagementAndGeneral>
      </FeesForServicesInvstMgmntFees>
      <FeesForServicesOther>
        <Total>662263</Total>
        <ProgramServices>288783</ProgramServices>
        <ManagementAndGeneral>141480</ManagementAndGeneral>
        <Fundraising>232000</Fundraising>
      </FeesForServicesOther>
      <Advertising>
        <Total>666422</Total>
        <ProgramServices>67719</ProgramServices>
        <ManagementAndGeneral>18079</ManagementAndGeneral>
        <Fundraising>580624</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>1005822</Total>
        <ProgramServices>471164</ProgramServices>
        <ManagementAndGeneral>283700</ManagementAndGeneral>
        <Fundraising>250958</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>354586</Total>
        <ProgramServices>40646</ProgramServices>
        <ManagementAndGeneral>302635</ManagementAndGeneral>
        <Fundraising>11305</Fundraising>
      </InformationTechnology>
      <Royalties>
        <Total>0</Total>
      </Royalties>
      <Occupancy>
        <Total>613640</Total>
        <ProgramServices>409670</ProgramServices>
        <ManagementAndGeneral>203970</ManagementAndGeneral>
      </Occupancy>
      <Travel>
        <Total>443673</Total>
        <ProgramServices>308318</ProgramServices>
        <ManagementAndGeneral>57736</ManagementAndGeneral>
        <Fundraising>77619</Fundraising>
      </Travel>
      <TravelEntrtnmntPublicOfficials>
        <Total>0</Total>
      </TravelEntrtnmntPublicOfficials>
      <ConferencesMeetings>
        <Total>163377</Total>
        <ProgramServices>62088</ProgramServices>
        <ManagementAndGeneral>84869</ManagementAndGeneral>
        <Fundraising>16420</Fundraising>
      </ConferencesMeetings>
      <Interest>
        <Total>2207410</Total>
        <ProgramServices>1441925</ProgramServices>
        <ManagementAndGeneral>765485</ManagementAndGeneral>
      </Interest>
      <PaymentsToAffiliates>
        <Total>1200000</Total>
        <ProgramServices>1200000</ProgramServices>
      </PaymentsToAffiliates>
      <DepreciationDepletion>
        <Total>1842973</Total>
        <ProgramServices>532264</ProgramServices>
        <ManagementAndGeneral>1310709</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>246090</Total>
        <ProgramServices>79116</ProgramServices>
        <ManagementAndGeneral>166974</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>FEES &amp; SUBSCRIPTIONS</Description>
        <Total>303925</Total>
        <ProgramServices>121776</ProgramServices>
        <ManagementAndGeneral>79180</ManagementAndGeneral>
        <Fundraising>102969</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MEALS AND CULTIVATION</Description>
        <Total>2675896</Total>
        <ProgramServices>2009583</ProgramServices>
        <ManagementAndGeneral>109725</ManagementAndGeneral>
        <Fundraising>556588</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BRICKYARD RENTAL EXPENSES</Description>
        <Total>2196419</Total>
        <ProgramServices>2196419</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>114773</Total>
        <ProgramServices>95115</ProgramServices>
        <ManagementAndGeneral>19658</ManagementAndGeneral>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>70835917</Total>
        <ProgramServices>61647025</ProgramServices>
        <ManagementAndGeneral>5624944</ManagementAndGeneral>
        <Fundraising>3563948</Fundraising>
      </TotalFunctionalExpenses>
      <SavingsAndTempCashInvestments>
        <BOY>9618705</BOY>
        <EOY>13101147</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>92580392</BOY>
        <EOY>76639936</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>2258404</BOY>
        <EOY>1140489</EOY>
      </AccountsReceivable>
      <LandBuildingsEquipmentBasis>69240460</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>7726287</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>57902848</BOY>
        <EOY>61514173</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>279312490</BOY>
        <EOY>353961123</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>214719271</BOY>
        <EOY>235501044</EOY>
      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
        <EOY>1500000</EOY>
      </InvestmentsProgramRelated>
      <OtherAssetsTotal>
        <BOY>38722483</BOY>
        <EOY>36833555</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>695114593</BOY>
        <EOY>780191467</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>9617245</BOY>
        <EOY>8517176</EOY>
      </AccountsPayableAccruedExpenses>
      <TaxExemptBondLiabilities>
        <BOY>69698572</BOY>
        <EOY>68363095</EOY>
      </TaxExemptBondLiabilities>
      <EscrowAccountLiability>
        <BOY>92818110</BOY>
        <EOY>108437308</EOY>
      </EscrowAccountLiability>
      <MortNotesPyblSecuredInvestProp>
        <BOY>10855000</BOY>
        <EOY>10315000</EOY>
      </MortNotesPyblSecuredInvestProp>
      <OtherLiabilities>
        <BOY>10498197</BOY>
        <EOY>9909287</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>193487124</BOY>
        <EOY>205541866</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>-12930463</BOY>
        <EOY>15920760</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>170114893</BOY>
        <EOY>203631864</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>344443039</BOY>
        <EOY>355096977</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>501627469</BOY>
        <EOY>574649601</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>695114593</BOY>
        <EOY>780191467</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>2153168</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>70868964</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA">
      <CollegeSupportOrg170b1Aiv>X</CollegeSupportOrg170b1Aiv>
      <ContribByControllingIndividual>false</ContribByControllingIndividual>
      <ContributionByRelatedParty>false</ContributionByRelatedParty>
      <ContribBy35ControlledEntity>false</ContribBy35ControlledEntity>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>62595321</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>100100891</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>23815614</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>42033850</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>54069576</CurrentTaxYear>
        <Total>282615252</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>62595321</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>100100891</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>23815614</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>42033850</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>54069576</CurrentTaxYear>
        <Total>282615252</Total>
      </Total170>
      <AmountsSubstContributorsTotal>43025752</AmountsSubstContributorsTotal>
      <PublicSupportTotal170>239589500</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>14128831</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>13564555</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>14538008</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>9275550</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>9125862</CurrentTaxYear>
        <Total>60632806</Total>
      </GrossInvestmentIncome170>
      <OtherIncome170>
        <CurrentTaxYearMinus4Years>0</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1898248</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>0</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>0</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>0</CurrentTaxYear>
        <Total>1898248</Total>
      </OtherIncome170>
      <TotalSupport>345146306</TotalSupport>
      <GrossReceiptsFromAdmissionsEtc>103449338</GrossReceiptsFromAdmissionsEtc>
      <PublicSupportPertcentage170>0.69417</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.63020</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <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>
    <IRS990ScheduleC documentId="IRS990ScheduleC">
      <OrgBelongsToAffiliatedGroup referenceDocumentId="AffiliatedGroupSchedule">X</OrgBelongsToAffiliatedGroup>
      <TotalGrassrootsLobbying>
        <AffiliatedGroupTotals>59081</AffiliatedGroupTotals>
      </TotalGrassrootsLobbying>
      <TotalDirectLobbying>
        <AffiliatedGroupTotals>437870</AffiliatedGroupTotals>
      </TotalDirectLobbying>
      <TotalLobbyingExpenditures>
        <AffiliatedGroupTotals>496951</AffiliatedGroupTotals>
      </TotalLobbyingExpenditures>
      <OtherExemptPurposeExpenditures>
        <AffiliatedGroupTotals>61150074</AffiliatedGroupTotals>
      </OtherExemptPurposeExpenditures>
      <TotalExemptPurposeExpenditures>
        <AffiliatedGroupTotals>61647025</AffiliatedGroupTotals>
      </TotalExemptPurposeExpenditures>
      <LobbyingNontaxableAmount>
        <AffiliatedGroupTotals>1000000</AffiliatedGroupTotals>
      </LobbyingNontaxableAmount>
      <GrassrootsNontaxableAmount>
        <AffiliatedGroupTotals>250000</AffiliatedGroupTotals>
      </GrassrootsNontaxableAmount>
      <TotLobbyingGrassrootMinusNonTx />
      <TotLobbyExpendMnsLobbyingNontx />
      <LobbyingNontaxableAmount2>
        <CurrentYearMinus3>1000000</CurrentYearMinus3>
        <CurrentYearMinus2>1000000</CurrentYearMinus2>
        <CurrentYearMinus1>1000000</CurrentYearMinus1>
        <CurrentYear>1000000</CurrentYear>
        <Total>4000000</Total>
      </LobbyingNontaxableAmount2>
      <LobbyingCeilingAmount>6000000</LobbyingCeilingAmount>
      <TotalLobbyingExpenditures2>
        <CurrentYearMinus3>0</CurrentYearMinus3>
        <CurrentYearMinus2>0</CurrentYearMinus2>
        <CurrentYearMinus1>542087</CurrentYearMinus1>
        <CurrentYear>437870</CurrentYear>
        <Total>979957</Total>
      </TotalLobbyingExpenditures2>
      <GrassrootsNontaxableAmount2>
        <CurrentYearMinus3>250000</CurrentYearMinus3>
        <CurrentYearMinus2>250000</CurrentYearMinus2>
        <CurrentYearMinus1>250000</CurrentYearMinus1>
        <CurrentYear>250000</CurrentYear>
        <Total>1000000</Total>
      </GrassrootsNontaxableAmount2>
      <GrassrootsCeilingAmount>1500000</GrassrootsCeilingAmount>
      <GrassrootsLobbyingExpenditures>
        <CurrentYearMinus3>0</CurrentYearMinus3>
        <CurrentYearMinus2>0</CurrentYearMinus2>
        <CurrentYearMinus1>94117</CurrentYearMinus1>
        <CurrentYear>59081</CurrentYear>
        <Total>153198</Total>
      </GrassrootsLobbyingExpenditures>
      <Form990ScheduleCPartIV>
        <Identifier>As part of its mission, ASU Foundation contributes to lobbying activities</Identifier>
        <Explanation>that support higher education in Arizona and the need for adequate funding to provide excellent educational opportunities for Arizona residents.</Explanation>
      </Form990ScheduleCPartIV>
    </IRS990ScheduleC>
    <IRS990ScheduleD documentId="IRS990ScheduleD">
      <ArtPublicExhibitionAmts />
      <HeldWorksOfArtAmts />
      <AgentTrusteeEtc>false</AgentTrusteeEtc>
      <IncludedOnFS>true</IncludedOnFS>
      <CurrentYear>
        <BeginningOfYearBalance>337853340</BeginningOfYearBalance>
        <Contributions>20682854</Contributions>
        <InvestmentEarningsOrLosses>65270036</InvestmentEarningsOrLosses>
        <OtherExpenditures>12769824</OtherExpenditures>
        <AdministrativeExpenses>7453488</AdministrativeExpenses>
        <EndOfYearBalance>403582918</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>309160513</BeginningOfYearBalance>
        <Contributions>18146275</Contributions>
        <InvestmentEarningsOrLosses>28608138</InvestmentEarningsOrLosses>
        <OtherExpenditures>11558372</OtherExpenditures>
        <AdministrativeExpenses>6503214</AdministrativeExpenses>
        <EndOfYearBalance>337853340</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>364119943</BeginningOfYearBalance>
        <Contributions>27311927</Contributions>
        <InvestmentEarningsOrLosses>-65128525</InvestmentEarningsOrLosses>
        <OtherExpenditures>10606480</OtherExpenditures>
        <AdministrativeExpenses>6536352</AdministrativeExpenses>
        <EndOfYearBalance>309160513</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <BoardDesignatedEOYBalance>0.19750</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.80250</PermanentEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
        <InvestmentCostOrOtherBasis>7194353</InvestmentCostOrOtherBasis>
        <BookValue>7194353</BookValue>
      </Land>
      <Buildings>
        <InvestmentCostOrOtherBasis>37000000</InvestmentCostOrOtherBasis>
        <OtherCostOrOtherBasis>19413544</OtherCostOrOtherBasis>
        <Depreciation>3607419</Depreciation>
        <BookValue>52806125</BookValue>
      </Buildings>
      <LeaseholdImprovements />
      <Equipment>
        <OtherCostOrOtherBasis>5632563</OtherCostOrOtherBasis>
        <Depreciation>4118868</Depreciation>
        <BookValue>1513695</BookValue>
      </Equipment>
      <OtherLandBuildings />
      <TotalOfBookValueLandBuildings>61514173</TotalOfBookValueLandBuildings>
      <FinancialDerivatives />
      <CloselyHeldEquityInterests />
      <OtherSecurities>
        <Description>ADAGE CAPITAL PARTNERS</Description>
        <BookValue>38939054</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>GARDNER RUSSO SEMPER VIC PRTN</Description>
        <BookValue>19356802</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>AXIOM</Description>
        <BookValue>16294921</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>SILCHESTER INTL VALUE EQUITY</Description>
        <BookValue>21132026</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>TIFF REAL ESTATE PARTNERS II</Description>
        <BookValue>2071008</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>PARK ST. NATURAL RESOURCES II</Description>
        <BookValue>4042035</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>KAYNE ANDERSON ENERGY FUND V</Description>
        <BookValue>168492</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>COVENTRY RE FUND III-A</Description>
        <BookValue>2097620</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>BERKSHIRE MULTIFAMILY FUND III</Description>
        <BookValue>1787785</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>RESOURCE CAPITAL</Description>
        <BookValue>784851</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>DAVIDSON KEMPNER INST PARTNERS</Description>
        <BookValue>6437259</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>STARK-SHEPHERD INTERNATIONAL</Description>
        <BookValue>594698</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>MASON CAPITAL</Description>
        <BookValue>7726325</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>TACONIC OFFSHORE</Description>
        <BookValue>6058489</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>CONTRARIAN FUND I OFFSHORE</Description>
        <BookValue>1304799</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>INDUS JAPAN</Description>
        <BookValue>2013046</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>YORK SELECT UNIT TRUST</Description>
        <BookValue>2509959</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>SATELLITE OVERSEAS</Description>
        <BookValue>6815</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>OWL CREEK OVERSEAS</Description>
        <BookValue>4042957</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>OCTAVIAN OFFSHORE FUND</Description>
        <BookValue>3519050</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>GRUSS GLOBAL INVESTORS</Description>
        <BookValue>6102013</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>HIGHSIDE OFFSHORE</Description>
        <BookValue>3890675</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>BENNETT RESTRUCTURING OFFSHORE</Description>
        <BookValue>2529696</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>VALINOR OFFSHORE</Description>
        <BookValue>4839027</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>ROYAL CAPITAL VALUE FUND</Description>
        <BookValue>3627184</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>NORTH RUN CAPITAL</Description>
        <BookValue>3479326</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>YORK EUROPEAN OPPORTUNITIES</Description>
        <BookValue>3669710</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>TIFF PARTNERS V</Description>
        <BookValue>3873281</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>PARK ST PRIVATE EQUITY VI</Description>
        <BookValue>4299756</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>PARK ST PRIVATE EQUITY VII</Description>
        <BookValue>3648750</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>SVB STRATEGIC INVESTORS III</Description>
        <BookValue>2709698</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>VARDE FUND X</Description>
        <BookValue>2146686</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>MERGANSER CAPITAL SHORT TERM</Description>
        <BookValue>28486622</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>TIFF REALTY &amp; RESOURCES II</Description>
        <BookValue>3010866</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>INDUS ASIA PACIFIC</Description>
        <BookValue>3981986</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>GCM LITTLE ARBOR PARTNERS</Description>
        <BookValue>26454</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>KNIGHTHEAD OFFSHORE FUND</Description>
        <BookValue>4502492</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>FLUIDIC FUEL CELL</Description>
        <BookValue>1555018</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>ENERVEST</Description>
        <BookValue>499237</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>SCOPIA</Description>
        <BookValue>2946758</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>SCOUT CAPITAL</Description>
        <BookValue>4390069</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <OtherSecurities>
        <Description>TUV RHEINLAND PTL LLC</Description>
        <BookValue>397749</BookValue>
        <MethodOfValuation>F</MethodOfValuation>
      </OtherSecurities>
      <TotalOfBookValueSecurities>235501044</TotalOfBookValueSecurities>
      <FederalIncomeTaxLiability>0</FederalIncomeTaxLiability>
      <OtherLiabilities>
        <Description>OBLIGATIONS UNDER SPLIT INTEREST</Description>
        <Amount>3388863</Amount>
      </OtherLiabilities>
      <OtherLiabilities>
        <Description>UNREALIZED SWAP LIABILITIES</Description>
        <Amount>6520424</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>9909287</TotalOfAmounts>
      <TotalRevenue>72989085</TotalRevenue>
      <TotalExpenses>70835917</TotalExpenses>
      <ExcessOrDeficitForYear>2153168</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>88394719</NetUnrealizedGLOnInvestments>
      <OtherAmount>-18030510</OtherAmount>
      <TotalAdjustments>70364209</TotalAdjustments>
      <ExcessOrDeficitPerFS>72517377</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>161844412</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>88394719</NetUnrealizedGainsInvestments>
      <OtherRevenues>1179478</OtherRevenues>
      <RevenueNotRptdF990>89574197</RevenueNotRptdF990>
      <RevenueSubtotal>72270215</RevenueSubtotal>
      <InvestmentExpensesNotIncluded>718870</InvestmentExpensesNotIncluded>
      <RevenueNotRptdOnFinStmt>718870</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>72989085</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>89327035</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>89327035</ExpensesSubtotal>
      <InvestmentExpensesNotIncluded2>718870</InvestmentExpensesNotIncluded2>
      <OtherExpensesNotIncluded>-19209988</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>-18491118</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>70835917</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Custodial Accounts</Identifier>
        <ReturnReference>Schedule D, Part IV, Line 2b</ReturnReference>
        <Explanation>The Arizona State University Foundation For A New American University holds assets as the trustee of a grantor trust for ASU and holds assets under an investment agreement with ASU Alumni Association.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Endowment Use Description</Identifier>
        <ReturnReference>Schedule D, Part V, Line 4</ReturnReference>
        <Explanation>All endowment expenditures support the education, research, public service and other activities of Arizona State University.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Schedule D, Part XI, Line 8</Identifier>
        <Explanation>Change in value of split interest agreements $199,259 Change in assets due to other entities (18,391,928) Income attributed to Taylor Trust reported on separate tax return 162,159 --------------- $(18,030,510)</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Schedule D, Part XII, Line 2d</Identifier>
        <Explanation>Change in value of split interest agreements $199,259 Change in assets due to other entities (18,391,928) Income attributed to Taylor Trust reported on separate tax return 162,159 Brickyard Rental Expenses (2,196,419) ASU Expense Recovery 21,406,409 --------------- $1,179,478</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Schedule D, Part XIII, Line 4b</Identifier>
        <Explanation>ASU Expense Recovery $(21,406,407) Brickyard Rental Expenses 2,196,419 -------------- $(19,209,988)</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Income Taxes</Identifier>
        <ReturnReference>Schedule D, Part X, Line 2</ReturnReference>
        <Explanation>The Arizona State University Foundation for a New American University has not recorded any estimates for uncertainty in income tax amounts.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleF documentId="IRS990ScheduleF">
      <AcctsActvsOutUSTable>
        <Region>Central America and the Caribbean</Region>
        <TypeOfActivitiesConducted>Investments</TypeOfActivitiesConducted>
        <TotalExpenditures>71761527</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <SubtotalAmountSpent>71761527</SubtotalAmountSpent>
      <TotalAmountSpent>71761527</TotalAmountSpent>
      <TransferToForeignCorp>true</TransferToForeignCorp>
      <InterestInForeignTrust>false</InterestInForeignTrust>
      <OwnForeignCorp>true</OwnForeignCorp>
      <PassiveForeignInvestCo>true</PassiveForeignInvestCo>
      <ForeignPartnership>true</ForeignPartnership>
      <BoycottCountries>false</BoycottCountries>
    </IRS990ScheduleF>
    <IRS990ScheduleG documentId="IRS990ScheduleG">
      <MailSolicitations>X</MailSolicitations>
      <EmailSolicitations>X</EmailSolicitations>
      <PhoneSolicitations>X</PhoneSolicitations>
      <InPersonSolicitations>X</InPersonSolicitations>
      <SolicitationOfNonGovtGrants>X</SolicitationOfNonGovtGrants>
      <AgreementRefFundraising>true</AgreementRefFundraising>
      <FundraiserActivityInformation>
        <NameOfIndividual>The Eudy Company LTD</NameOfIndividual>
        <AddressUS>
          <AddressLine1>4200 Massachusetts Ave NW 312</AddressLine1>
          <City>Washington</City>
          <State>DC</State>
          <ZIPCode>20016</ZIPCode>
        </AddressUS>
        <Activity>Consulting</Activity>
        <FundraiserControlOfFunds>false</FundraiserControlOfFunds>
        <GrossReceipts>0</GrossReceipts>
        <AmountRetainedByContractor>90000</AmountRetainedByContractor>
        <NetToOrganization>0</NetToOrganization>
      </FundraiserActivityInformation>
      <TotalGrossReceipts>0</TotalGrossReceipts>
      <TotalRetainedByContractors>90000</TotalRetainedByContractors>
      <TotalNetToOrganization>0</TotalNetToOrganization>
      <LicensedStates>AL</LicensedStates>
      <LicensedStates>AK</LicensedStates>
      <LicensedStates>AZ</LicensedStates>
      <LicensedStates>AR</LicensedStates>
      <LicensedStates>CA</LicensedStates>
      <LicensedStates>CT</LicensedStates>
      <LicensedStates>DE</LicensedStates>
      <LicensedStates>DC</LicensedStates>
      <LicensedStates>FL</LicensedStates>
      <LicensedStates>GA</LicensedStates>
      <LicensedStates>ID</LicensedStates>
      <LicensedStates>IL</LicensedStates>
      <LicensedStates>IN</LicensedStates>
      <LicensedStates>IA</LicensedStates>
      <LicensedStates>KS</LicensedStates>
      <LicensedStates>KY</LicensedStates>
      <LicensedStates>LA</LicensedStates>
      <LicensedStates>ME</LicensedStates>
      <LicensedStates>MA</LicensedStates>
      <LicensedStates>MI</LicensedStates>
      <LicensedStates>MN</LicensedStates>
      <LicensedStates>MS</LicensedStates>
      <LicensedStates>MO</LicensedStates>
      <LicensedStates>MT</LicensedStates>
      <LicensedStates>NE</LicensedStates>
      <LicensedStates>NV</LicensedStates>
      <LicensedStates>NH</LicensedStates>
      <LicensedStates>NJ</LicensedStates>
      <LicensedStates>NM</LicensedStates>
      <LicensedStates>NY</LicensedStates>
      <LicensedStates>NC</LicensedStates>
      <LicensedStates>ND</LicensedStates>
      <LicensedStates>OH</LicensedStates>
      <LicensedStates>OK</LicensedStates>
      <LicensedStates>OR</LicensedStates>
      <LicensedStates>PA</LicensedStates>
      <LicensedStates>RI</LicensedStates>
      <LicensedStates>SC</LicensedStates>
      <LicensedStates>SD</LicensedStates>
      <LicensedStates>TN</LicensedStates>
      <LicensedStates>TX</LicensedStates>
      <LicensedStates>UT</LicensedStates>
      <LicensedStates>VT</LicensedStates>
      <LicensedStates>VA</LicensedStates>
      <LicensedStates>WA</LicensedStates>
      <LicensedStates>WV</LicensedStates>
      <LicensedStates>WY</LicensedStates>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>Arizona State University</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO Box 870502</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85287</ZIPCode>
        </AddressUS>
        <EINOfRecipient>860196696</EINOfRecipient>
        <IRCSection>115</IRCSection>
        <AmountOfCashGrant>47961981</AmountOfCashGrant>
        <PurposeOfGrant>Program Support Program Support Program Support Program Support Program Support</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>ASU Alumni Association</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO Box 873702</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85287</ZIPCode>
        </AddressUS>
        <EINOfRecipient>866053009</EINOfRecipient>
        <IRCSection>501 (c)(3)</IRCSection>
        <AmountOfCashGrant>55350</AmountOfCashGrant>
        <PurposeOfGrant>PROGRAM SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>Sun Angel Foundation</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO Box 872505</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85287</ZIPCode>
        </AddressUS>
        <EINOfRecipient>860138459</EINOfRecipient>
        <IRCSection>501 (c)(3)</IRCSection>
        <AmountOfCashGrant>84990</AmountOfCashGrant>
        <PurposeOfGrant>PROGRAM SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>University of Arkansas</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>1 University of Arkansas</AddressLine1>
          <City>Fayetteville</City>
          <State>AR</State>
          <ZIPCode>72701</ZIPCode>
        </AddressUS>
        <EINOfRecipient>716056774</EINOfRecipient>
        <IRCSection>501 (c)(3)</IRCSection>
        <AmountOfCashGrant>1000000</AmountOfCashGrant>
        <PurposeOfGrant>PROGRAM SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>ASU Preparatory Academy</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>PO Box 878405</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85287</ZIPCode>
        </AddressUS>
        <EINOfRecipient>260664313</EINOfRecipient>
        <IRCSection>501(C)(3)</IRCSection>
        <AmountOfCashGrant>96078</AmountOfCashGrant>
        <PurposeOfGrant>Program Support</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>3</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>2</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIV>
        <Identifier>Procedure for Monitoring Use of Grant Funds Inside U.S.</Identifier>
        <ReturnReference>Schedule I, Part I, Line 2</ReturnReference>
        <Explanation>Grants paid consist of funds provided to Arizona State University, its affiliates and other non-profits for ASU related initiatives, which are accounted for and monitored through the use of accounts and account purposes at the time of each disbursement.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ">
      <TravelForCompanions>X</TravelForCompanions>
      <IdemnificationGrossUpPayments>X</IdemnificationGrossUpPayments>
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <WrittenPolicyReTAndEExpenses>true</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>true</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <IndependentConsultant>X</IndependentConsultant>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>true</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>Johnnie Ray</NamePerson>
        <BaseCompensationFilingOrg>431911</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>1721</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>0</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>7387</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>441019</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Virginia Foltz</NamePerson>
        <BaseCompensationFilingOrg>151270</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>4513</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>15236</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>171019</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Jacqueline Norton</NamePerson>
        <BaseCompensationFilingOrg>244783</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>7326</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>8018</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>260127</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Augustine Cheng AZTE</NamePerson>
        <BaseCompensationFilingOrg>347077</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>107250</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>540</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>8250</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>3458</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>466575</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>John Geltosky AZTE</NamePerson>
        <BaseCompensationFilingOrg>232783</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>0</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>2490</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>5625</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>10447</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>251345</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Jill Uhl AZTE</NamePerson>
        <BaseCompensationFilingOrg>208628</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>22500</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>6675</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>9884</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>247687</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Julie Lim</NamePerson>
        <BaseCompensationFilingOrg>196491</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>14420</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>0</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>4000</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>13801</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>228712</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <Identifier>Housing allowance</Identifier>
        <ReturnReference>Schedule J, Part I, Line 1a</ReturnReference>
        <Explanation>The Sr VP of Business Dev of AZTE and VP of Legal Affairs/Corp Dev of AZTE receive housing allowances. The payments are reported as taxable compensation and reported on Form W-2.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Travel for companions</Identifier>
        <ReturnReference>Schedule J, Part I, Line 1a</ReturnReference>
        <Explanation>The CEO of AZTE receives travel reimbursements for himself and his spouse. The payments are reported as taxable compensation and reported on Form W-2.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Tax indemnification and gross-up payments</Identifier>
        <ReturnReference>Schedule J, Part I, Line 1a</ReturnReference>
        <Explanation>The CEO of AZTE receives tax gross up payments. The payments are reported as taxable compensation and reported on Form W-2.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Non-fixed payments</Identifier>
        <ReturnReference>Schedule J, Part I, Line 7</ReturnReference>
        <Explanation>For Arizona State University Foundation For A New American University, non-fixed payments are based on compensation agreements and success benchmarks stated in employment contracts. The compensation contract for the CEO of Arizona Science and Technology Enterprises (AZTE) allows for the Board of Directors of AZTE to approve discretionary bonuses without fixed amount calculations based on the Board's overall satisfaction of the CEO's performance.</Explanation>
      </Form990ScheduleJPartIII>
      <Form990ScheduleJPartIII>
        <Identifier>Schedule J, Part II</Identifier>
        <Explanation>ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY'S FIVE HIGHEST PAID EMPLOYEES INCLUDE THREE MEMBERS OF THE MANAGEMENT TEAM OF ITS SUBSIDIARY, ARIZONA SCIENCE AND TECHNOLOGY ENTERPRISES (AZTE). THESE AZTE EMPLOYEES ARE NOT DIRECTLY INVOLVED IN THE FUNDRAISING ACTIVITIES OF THE ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY. AZTE IS A LIMITED LIABILITY CORPORATION IN WHICH THE ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY IS THE SOLE MEMBER AND PROVIDES TECHNOLOGY TRANSFER SERVICES FOR ARIZONA STATE UNIVERSITY. AS THE SOLE MEMBER, THE ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY HAS DELEGATED RESPONSIBILITY FOR MANAGEMENT OF AZTE TO THE SEVEN-MEMBER BOARD OF DIRECTORS FOR AZTE, INCLUDING OPERATIONAL ACTIVITIES AND COMPENSATION.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="IRS990ScheduleK">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>Industrial Devlpmt Auth of City of Tempe AZ</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>860439481</IssuerEIN>
        <CUSIPNumber>87972MAB8</CUSIPNumber>
        <DateIssued>2004-07-01</DateIssued>
        <IssuePrice>22420000</IssuePrice>
        <DescriptionOfPurpose>Acquire Improve and Equip Facility</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>Industrial Devlpmt Auth of the county of Maricopa</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>860445263</IssuerEIN>
        <DateIssued>2006-11-16</DateIssued>
        <IssuePrice>3300000</IssuePrice>
        <DescriptionOfPurpose>lease computer system</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>Industrial Devlpment Auth of the City of Tempe AZ</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>860439481</IssuerEIN>
        <CUSIPNumber>87972FBD8</CUSIPNumber>
        <DateIssued>2003-10-28</DateIssued>
        <IssuePrice>47673436</IssuePrice>
        <DescriptionOfPurpose>construct and equip facility</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <AmountRetired>0</AmountRetired>
        <AmountBondDefeased>0</AmountBondDefeased>
        <TotalProceeds>22175437</TotalProceeds>
        <AmountInReserveFund>650000</AmountInReserveFund>
        <CapitalizedInterest>0</CapitalizedInterest>
        <RefundingEscrow>0</RefundingEscrow>
        <IssuanceCostsFromProceeds>277740</IssuanceCostsFromProceeds>
        <CreditEnhancement>0</CreditEnhancement>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>21247697</CapitalExpenditures>
        <OtherSpentProceeds>0</OtherSpentProceeds>
        <AmountUnspent>0</AmountUnspent>
        <YearOfSubstCompletion>2004</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <AmountRetired>2536905</AmountRetired>
        <AmountBondDefeased>0</AmountBondDefeased>
        <TotalProceeds>3374309</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
        <CapitalizedInterest>0</CapitalizedInterest>
        <RefundingEscrow>0</RefundingEscrow>
        <IssuanceCostsFromProceeds>0</IssuanceCostsFromProceeds>
        <CreditEnhancement>0</CreditEnhancement>
        <WorkingCapitalExpenditures>66000</WorkingCapitalExpenditures>
        <CapitalExpenditures>3308309</CapitalExpenditures>
        <OtherSpentProceeds>0</OtherSpentProceeds>
        <AmountUnspent>0</AmountUnspent>
        <YearOfSubstCompletion>2007</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartII>
        <AmountRetired>2420000</AmountRetired>
        <AmountBondDefeased>0</AmountBondDefeased>
        <TotalProceeds>48251327</TotalProceeds>
        <AmountInReserveFund>0</AmountInReserveFund>
        <CapitalizedInterest>4695143</CapitalizedInterest>
        <RefundingEscrow>0</RefundingEscrow>
        <IssuanceCostsFromProceeds>659122</IssuanceCostsFromProceeds>
        <CreditEnhancement>518817</CreditEnhancement>
        <WorkingCapitalExpenditures>0</WorkingCapitalExpenditures>
        <CapitalExpenditures>42378245</CapitalExpenditures>
        <OtherSpentProceeds>0</OtherSpentProceeds>
        <AmountUnspent>0</AmountUnspent>
        <YearOfSubstCompletion>2005</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>true</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <PrcntgePrvtBusinessUseByOthers>0.02950</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.02950</TotalPrivateBusinessUse>
        <PostIssuanceComplianceProcdrs>true</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>true</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>true</HedgeIdentifiedInBooksAndRecds>
        <NameOfHedgeProvider>
          <BusinessNameLine1>Bank of America</BusinessNameLine1>
        </NameOfHedgeProvider>
        <TermOfHedge>30.</TermOfHedge>
        <SuperintegratedHedge>false</SuperintegratedHedge>
        <HedgeTerminated>false</HedgeTerminated>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>true</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>false</GrossProceedsInvested>
        <ExceptionToRebate>true</ExceptionToRebate>
      </Form990ScheduleKPartIV>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>true</GrossProceedsInvestedInGIC>
        <NameOfGICProvider>
          <BusinessNameLine1>AIG Matched Funding</BusinessNameLine1>
        </NameOfGICProvider>
        <TermOfGIC>3.3</TermOfGIC>
        <RegulatorySafeHarborSatisfied>true</RegulatorySafeHarborSatisfied>
        <GrossProceedsInvested>true</GrossProceedsInvested>
        <ExceptionToRebate>false</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="IRS990ScheduleL">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>Mark Corey</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>Family member of director</Relationship>
        <AmountOfTransaction>14328</AmountOfTransaction>
        <DescriptionOfTransaction>Compensation</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="IRS990ScheduleM">
      <WorksOfArt />
      <ArtHistoricalTreasures />
      <ArtFractionalInterest />
      <BooksAndPublications />
      <ClothingAndHouseholdGoods />
      <CarsAndOtherVehicles />
      <BoatsAndPlanes />
      <IntellectualProperty />
      <SecuritiesPubliclyTraded>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>40</NumberOfContributions>
        <NoncashContribsRptdF990>6714049</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FMV</MethodOfDeterminingRevenues>
      </SecuritiesPubliclyTraded>
      <SecuritiesCloselyHeldStock />
      <SecuritiesPrtnrshpTrustIntrsts />
      <SecuritiesMiscellaneous />
      <QualifiedContribHistStruct />
      <QualifiedContribOther />
      <RealEstateResidential />
      <RealEstateCommercial />
      <RealEstateOther />
      <Collectibles />
      <FoodInventory />
      <DrugsAndMedicalSupplies />
      <Taxidermy />
      <HistoricalArtifacts />
      <ScientificSpecimens />
      <ArchaeologicalArtifacts />
      <NumberOf8283Received>0</NumberOf8283Received>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>true</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY IS</Identifier>
        <ReturnReference>REFERRED TO AS "ASUF" OR "THE FOUNDATION" IN THIS SCHEDULE</ReturnReference>
        <Explanation>Form 990, Part I and Part III, Line 1 THE MISSION OF ASUF IS TO MOBILIZE THE ASU COMMUNITY AS AN ENGINE FOR POSITIVE CHANGE THAT, THROUGH PHILANTHROPIC INVESTMENT, WILL MEASURABLY AFFECT SOCIETY'S PRESSING ISSUES THROUGH THE UNIVERSITY'S VAST CONSTELLATION OF INTELLECTUAL CAPITAL, RESEARCH INFRASTRUCTURE, STUDENTS, ALUMNI AND FRIENDS. TO DO THIS, ASUF RAISES, INVESTS AND MANAGES PRIVATE FUNDS TO BENEFIT ARIZONA STATE UNIVERSITY AND SERVES AS THE UNIVERSITY'S ENTREPRENEURIAL ARM IN TECHNOLOGY COMMERCIALIZATION, REAL ESTATE INVESTMENT AND OTHER EMERGING INITIATIVES. Form 990, Part IV, Line 18 and Schedule G: ASUF conducts fundraising events in concert with Arizona State University. The Foundation's systems do not track individual fundraising events and detail is not readily available. Form 990, Part VI, Line 11b: ASUF's Form 990, Return of Organization Exempt From Income Tax, is prepared by an accounting firm. The draft is submitted to the ASU Foundation for review by management for accuracy of reporting. The board of directors has delegated review of the Form 990 to the Audit Committee. Management and a representative of the accounting firm review the Form 990 with the Audit Committee. Once approved and accepted by the Audit Committee, the form is signed by the CFO and submitted electronically to the IRS. Form 990, Part VI, Line 12c: Upon hire and on an annual basis, officers, directors, trustees and key employees are required to disclose any conflicts or potential conflicts relating to their involvement with ASUF. In addition, any time the individuals referred to above become aware of a new conflict, they are required to submit an updated conflict of interest/commitment form to the ASUF General Counsel. Form 990, Part VI, Line 15a: For ASUF, the Board of Directors approves the compensation package for the CEO based on current market comparisons provided by the foundation's Employee Relations Department obtained from an independent compensation firm, responsibilites of the position, goals of the foundation and negotiations with the CEO. All other compensation decisions have been delegated to the CEO from the Board of Directors and a similar process is followed for obtaining CEO approval of key employees COMPENSATION. For Arizona Science and Technology Enterprises (AZTE), a single member limited liability company controlled by ASUF, the CEO's compensation contract was reviewed through general counsel of ASUF and general counsel of ASU. It included a compensation comparison performed by a third party service provider and was approved by AZTE's Board of Directors. Form 990, Part VI, Line 19: The ASUF financial statements and Conflict of Interest Policy are available to the public on the organization's website. The organization's governing documents are not available to the public. Form 990, Part VII, Section B, Line 1 and Attachment 1: All of the legal services disclosed in attachment 1 were performed in support of AzTE's technology transfer services to the University and are not related to the primary fundraising services of the Foundation. Form 990, Part IX, Line 24d: In its effort to support ASU, the Foundation and Affiliates perform a broad scope of services that include: fundraising, investment management, technology transfer, advocacy, university branding and marketing, educational awareness, and property financing and management. Certain elements of management and general expenses are driven by the broad scope of the Foundation's role in support of ASU. The ASU Foundation's fundraising expenses support activities that generate contributions that go directly to entities other than itself, such as ASU and other ASU affiliates; thus, not all fundraising results generated through the Foundation's efforts are reflected in the contribution totals on the Foundation's 990. Form 990, Part XI, Line 5: Net Unrealized gains (losses) on investments 88,394,719 Change in Assets due to Other Entities (18,391,928) Change in Value of Split Interest Agreements 199,259 Change in Value of Unrealized Swap 666,914 __________________ Total Other Changes in Net Assets 70,868,964 Form 990, Schedule R, Part IV, Column H: The Trusts reflected on Part IV are charitable trusts for which ASUF is a remainder beneficiary. If ASUF is the sole remainder beneficiary, column H reflects 100% and their share of the end of the year assets in column G is the net assets of the Trust after a reduction for the portion of the assets representing the income beneficiary's interest.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>AZ Science and Technology Enterprises</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 2260</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85280</ZIPCode>
        </AddressUS>
        <EIN>866051042</EIN>
        <PrimaryActivities>Intellec Prop</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <TotalIncome>1016041</TotalIncome>
        <EOYAssets>5345513</EOYAssets>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>ASUF LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 2260</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85280</ZIPCode>
        </AddressUS>
        <EIN>866051042</EIN>
        <PrimaryActivities>Real Estate</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <TotalIncome>12412</TotalIncome>
        <EOYAssets>41228701</EOYAssets>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>ASUF Brickyard LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 2260</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85280</ZIPCode>
        </AddressUS>
        <EIN>866051042</EIN>
        <PrimaryActivities>Real Estate</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <TotalIncome>6178947</TotalIncome>
        <EOYAssets>40202029</EOYAssets>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>ASUF Scottsdale LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 2260</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85280</ZIPCode>
        </AddressUS>
        <EIN>866051042</EIN>
        <PrimaryActivities>Real Estate</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <TotalIncome>1750</TotalIncome>
        <EOYAssets>338959</EOYAssets>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>ASUF Dupont LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 2260</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85280</ZIPCode>
        </AddressUS>
        <EIN>866051042</EIN>
        <PrimaryActivities>Real Estate</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <TotalIncome>-1367</TotalIncome>
        <EOYAssets>18023</EOYAssets>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>ISW Technologies LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 2260</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85280</ZIPCode>
        </AddressUS>
        <EIN>866051042</EIN>
        <PrimaryActivities>Intellec Prop</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <TotalIncome>0</TotalIncome>
        <EOYAssets>0</EOYAssets>
        <DirectControllingEntityName>
          <BusinessNameLine1>AZ Sci Tech</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>RH Technologies LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 2260</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85280</ZIPCode>
        </AddressUS>
        <EIN>866051042</EIN>
        <PrimaryActivities>Intellec prop</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <TotalIncome>0</TotalIncome>
        <EOYAssets>0</EOYAssets>
        <DirectControllingEntityName>
          <BusinessNameLine1>AZ Sci Tech</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartI>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>3D Cell Technologies LLC</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 2260</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85280</ZIPCode>
        </AddressUS>
        <EIN>866051042</EIN>
        <PrimaryActivities>Intellec Prop</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <TotalIncome>0</TotalIncome>
        <EOYAssets>0</EOYAssets>
        <DirectControllingEntityName>
          <BusinessNameLine1>AZ Sci Tech</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartI>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Taylor Trust FBO Asu Foundation</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>PO Box 2260</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>85280</ZIPCode>
        </AddressUS>
        <EIN>866252445</EIN>
        <PrimaryActivities>Support</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <ExemptCodeSection>501(c)(3)</ExemptCodeSection>
        <PublicCharityStatus>11(A)</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>AZTE Ventures Co</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>1475 N Scottsdale Rd Ste 200</AddressLine1>
          <City>Scottsdale</City>
          <State>AZ</State>
          <ZIPCode>85257</ZIPCode>
        </AddressUS>
        <EIN>270151042</EIN>
        <PrimaryActivity>Solar Energy</PrimaryActivity>
        <LegalDomicileState>AZ</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>C Corp</TypeOfEntity>
        <ShareOfTotalIncome>22736</ShareOfTotalIncome>
        <ShareOfEOYAssets>416354</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Alice O Quesada CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>860903478</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>88803</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Betsy A Bloechl CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>860959260</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>2887</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Bridget C Hunsiger CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>860959262</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>2312</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Clyde Jean Owen CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>860854564</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>108651</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Dora O Quesada CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>860903476</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>23811</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Edward M Bloechl CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>860959263</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>1911</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Eleanor Ann Robb CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>860999057</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>58318</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Eleanor Ann Robb CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>426639208</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>75473</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Ernest E &amp; Betsy G Roberts A</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>860827414</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>23077</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Eugene R Charitable CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>860903459</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>88702</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>F Richard &amp; Eileen A Bloechl</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>866218057</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>58640</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Gene Gamble CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>846389804</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>95769</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Howard &amp; Jacki Bowers CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>686211554</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>162961</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Kathleen S Wegner CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>860959261</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>2653</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Lillian McFarland Baklarz</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>860973787</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>37832</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Mary M Bloechl CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>860959400</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>1744</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Mason Family CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>266146207</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>42795</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Pasquale &amp; Jean Ferrara CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>TD Ameritrade PO Box 2209</AddressLine1>
          <City>Omaha</City>
          <State>NE</State>
          <ZIPCode>61803</ZIPCode>
        </AddressUS>
        <EIN>866226540</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>NE</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>4029</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Robert G &amp; B Jean Binder CRT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>866212207</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>231578</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Robert P Gambill CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>866218144</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>95599</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Roger J Meara CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>861012674</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>47702</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>Rose M Peters CRT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>866192055</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>31192</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <Form990ScheduleRPartIV>
        <NameOfRelatedOrg>
          <BusinessNameLine1>The Bloechl Family CRUT</BusinessNameLine1>
        </NameOfRelatedOrg>
        <AddressUS>
          <AddressLine1>US Bank PO Box 3168</AddressLine1>
          <City>Portland</City>
          <State>OR</State>
          <ZIPCode>97208</ZIPCode>
        </AddressUS>
        <EIN>866225657</EIN>
        <PrimaryActivity>Charit REM TR</PrimaryActivity>
        <LegalDomicileState>OR</LegalDomicileState>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
        <TypeOfEntity>Trust</TypeOfEntity>
        <ShareOfEOYAssets>10886</ShareOfEOYAssets>
        <PercentageOwnership>1.00000</PercentageOwnership>
      </Form990ScheduleRPartIV>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>true</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>true</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
    <AffiliatedGroupSchedule documentId="AffiliatedGroupSchedule">
      <AffiliatedSchedule>
        <BusinessName>
          <BusinessNameLine1>AZTE VENTURES CO</BusinessNameLine1>
        </BusinessName>
        <AddressUS>
          <AddressLine1>1475 North Scottsdale Road Suite 20</AddressLine1>
          <City>Scottsdale</City>
          <State>AZ</State>
          <ZIPCode>852579908</ZIPCode>
        </AddressUS>
        <EIN>270151042</EIN>
        <TotalGrassrootsLobbying>0</TotalGrassrootsLobbying>
        <TotalDirectLobbying>0</TotalDirectLobbying>
        <TotalLobbyingExpenditures>0</TotalLobbyingExpenditures>
        <OtherExemptPurposeExpenditures>0</OtherExemptPurposeExpenditures>
        <TotalExemptPurposeExpenditures>0</TotalExemptPurposeExpenditures>
        <LobbyingNontaxableAmount>0</LobbyingNontaxableAmount>
        <GrassrootsNontaxableAmount>0</GrassrootsNontaxableAmount>
        <TotLobbyingGrassrootMinusNontx>0</TotLobbyingGrassrootMinusNontx>
        <TotLobbyExpendMnsLobbyingNontx>0</TotLobbyExpendMnsLobbyingNontx>
        <ShareOfExcessLobbyingExpendtrs>0</ShareOfExcessLobbyingExpendtrs>
      </AffiliatedSchedule>
      <AffiliatedSchedule>
        <BusinessName>
          <BusinessNameLine1>ASU Foundation for a New Ame</BusinessNameLine1>
        </BusinessName>
        <AddressUS>
          <AddressLine1>PO Box 2260</AddressLine1>
          <City>Tempe</City>
          <State>AZ</State>
          <ZIPCode>852802260</ZIPCode>
        </AddressUS>
        <EIN>866051042</EIN>
        <TotalGrassrootsLobbying>59081</TotalGrassrootsLobbying>
        <TotalDirectLobbying>437870</TotalDirectLobbying>
        <TotalLobbyingExpenditures>496951</TotalLobbyingExpenditures>
        <OtherExemptPurposeExpenditures>61150074</OtherExemptPurposeExpenditures>
        <TotalExemptPurposeExpenditures>61647025</TotalExemptPurposeExpenditures>
        <LobbyingNontaxableAmount>1000000</LobbyingNontaxableAmount>
        <GrassrootsNontaxableAmount>250000</GrassrootsNontaxableAmount>
        <TotLobbyingGrassrootMinusNontx>0</TotLobbyingGrassrootMinusNontx>
        <TotLobbyExpendMnsLobbyingNontx>0</TotLobbyExpendMnsLobbyingNontx>
        <ShareOfExcessLobbyingExpendtrs>0</ShareOfExcessLobbyingExpendtrs>
      </AffiliatedSchedule>
    </AffiliatedGroupSchedule>
  </ReturnData>
</Return>