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            <State>MT</State>
            <ZIPCode>59624</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable Event</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SOUTH CAROLINA WATERFOWL ASSOCIATIO</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>9833 OLD RIVER RD</AddressLine1>
            <City>PINEWOOD</City>
            <State>SC</State>
            <ZIPCode>29125</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(2)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SWAN VALLEY EMERGENCY SERVICES INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 1196</AddressLine1>
            <City>CONDON</City>
            <State>MT</State>
            <ZIPCode>59826</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Swan Valley Emergency Services EMT Fire Equipment</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WEST MICHIGAN HOCKEY YOUTH FOUNDATI</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>200 OTTAWA AVE NW STE 800</AddressLine1>
            <City>GRAND RAPIDS</City>
            <State>MI</State>
            <ZIPCode>49503</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509(a)(1)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>52000</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>8</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>21261</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>81386</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <ExclusionAmount>102655</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>102655</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <GeneralExplanationAttachment documentId="990PF:151" softwareId="11000218" softwareVersion="2011.0.0"></GeneralExplanationAttachment>
    <InvestmentsCorpBondsSchedule documentId="990PF:90" softwareId="11000218" softwareVersion="2011.0.0">
      <InvestmentsCorpBonds>
        <NameOfBond>BARCLAYS BANK PLC BUFFER NT LKD-0.00-04/04/2012 06738KEQ0 2000000.00%</NameOfBond>
        <EOYBookValue>20000</EOYBookValue>
        <EOYFMV>20303</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>BARCLAYS BANK PLC RTN NT LKD-0.00-05/23/2012 06738KCF6 1000000.00%</NameOfBond>
        <EOYBookValue>10006</EOYBookValue>
        <EOYFMV>9583</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>BARCLAYS BK PLC BUFF RTN LKD - 0.000 - 01/11/2012 06740PYM2 1500000.00%</NameOfBond>
        <EOYBookValue>15000</EOYBookValue>
        <EOYFMV>15212</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>DEUTSCHE BANK SECS INC NOTE MTN-0.00-05/16/2012 2515A16C0 2000000.00%</NameOfBond>
        <EOYBookValue>20000</EOYBookValue>
        <EOYFMV>18848</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>DEUTSCHE BK AG GLBL BUFFER NT LKD 00 11/07/2012 2515A1DZ1 1000000.00%</NameOfBond>
        <EOYBookValue>10000</EOYBookValue>
        <EOYFMV>9938</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>DEUTSCHE BK GLBL BUFF LKD 0.0 100 10/24/2012 2515A1DQ1 1000000.00%</NameOfBond>
        <EOYBookValue>10000</EOYBookValue>
        <EOYFMV>9665</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>GOLDMAN SACHS GROUP INC 04/10/2012 38143UTG6 1200000.00%</NameOfBond>
        <EOYBookValue>12000</EOYBookValue>
        <EOYFMV>10385</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>GOLDMAN SACHS GROUP INC 0.00000 09/05/2012LEV NT 38143UA92 1000000.00%</NameOfBond>
        <EOYBookValue>10000</EOYBookValue>
        <EOYFMV>9587</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>GOLDMAN SACHS GROUP TRIG NT LKD 0 - 12/05/2012 38143UZY0 1500000.00%</NameOfBond>
        <EOYBookValue>15000</EOYBookValue>
        <EOYFMV>15549</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>GOLDMAN SACHS INC-0.000-06/06/2012 38143UUX7 1000000.00%</NameOfBond>
        <EOYBookValue>10000</EOYBookValue>
        <EOYFMV>8564</EOYFMV>
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      <InvestmentsCorpBonds>
        <NameOfBond>HSBC 95 PPN FX BASKET 1/11/13 4042K1KK8 1000000.00%</NameOfBond>
        <EOYBookValue>10006</EOYBookValue>
        <EOYFMV>9458</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>JP MORGAN CHASE BANK NA-0.00-02/23/2012 48125XDB9 1200000.00%</NameOfBond>
        <EOYBookValue>12000</EOYBookValue>
        <EOYFMV>10458</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>JP MORGAN CHASE BANK NA-0.00-03/14/2012 48125XFK7 1200000.00%</NameOfBond>
        <EOYBookValue>12000</EOYBookValue>
        <EOYFMV>10349</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>JP MORGAN CHASE BANKCAP MKT NT LKD 0 - 10/29/2012 48125VBT6 1000000.00%</NameOfBond>
        <EOYBookValue>10000</EOYBookValue>
        <EOYFMV>9593</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>SG STRUCTURED PRODS INC-0.00-05/09/2012 78423AQ70 1500000.00%</NameOfBond>
        <EOYBookValue>15000</EOYBookValue>
        <EOYFMV>14057</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="990PF:89" softwareId="11000218" softwareVersion="2011.0.0">
      <InvestmentsCorpStock>
        <NameOfStock>347 shares of DODGE COX FUNDS INTERNATIONAL STOCK FUND DODFX</NameOfStock>
        <EOYBookValue>12281</EOYBookValue>
        <EOYFMV>10160</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1346 shares of DREYFUS PREMIER EMERGING MARKETS DEBT LOCAL CURREN DDBIX</NameOfStock>
        <EOYBookValue>20000</EOYBookValue>
        <EOYFMV>17714</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>7916 shares of EATON VANCE FLOATING RATE FUND INSTI SHARE EIBLX</NameOfStock>
        <EOYBookValue>70500</EOYBookValue>
        <EOYFMV>69742</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1975 shares of EATON VANCE GLOBAL MACRO FD CL I EIGMX</NameOfStock>
        <EOYBookValue>20500</EOYBookValue>
        <EOYFMV>19394</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1194 shares of HIGHBRIDGE DYNAMIC COMMOD STRATEGY FUND - SEL HDCSX</NameOfStock>
        <EOYBookValue>22500</EOYBookValue>
        <EOYFMV>20453</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>120 shares of ISHARES TR S P MIDCAP 400 INDEX FD IJH</NameOfStock>
        <EOYBookValue>8357</EOYBookValue>
        <EOYFMV>10513</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2302 shares of JP MORGAN EXPANSION INDEX SELECT FUND PGMIX</NameOfStock>
        <EOYBookValue>16067</EOYBookValue>
        <EOYFMV>22265</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3116 shares of JP MORGAN INFLATION MANAGED BOND SEL CL JRBSX</NameOfStock>
        <EOYBookValue>33250</EOYBookValue>
        <EOYFMV>32658</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>14831 shares of JP MORGAN SHORT DURATION BOND SELECT FUND HLLVX</NameOfStock>
        <EOYBookValue>160014</EOYBookValue>
        <EOYFMV>162399</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>4430 shares of JP MORGAN STRATEGIC INCOME OPPORTUNIEIS FD SELECT JSOSX</NameOfStock>
        <EOYBookValue>49364</EOYBookValue>
        <EOYFMV>50187</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>771 shares of JP MORGAN US REAL ESTATE FD SELECT SHS SUIEX</NameOfStock>
        <EOYBookValue>11718</EOYBookValue>
        <EOYFMV>12483</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>7507 shares of JPMORGAN HIGH YIELD BOND FUND SELECT OHYFX</NameOfStock>
        <EOYBookValue>53840</EOYBookValue>
        <EOYFMV>57200</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1561 shares of JPMORGAN INTERNATIONAL CURRENCY INCOME FD JCISX</NameOfStock>
        <EOYBookValue>17500</EOYBookValue>
        <EOYFMV>16907</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1152 shares of JPMORGAN LARGE CAP GROWTH FUND SELECT SEEGX</NameOfStock>
        <EOYBookValue>25000</EOYBookValue>
        <EOYFMV>24712</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1541 shares of JPMORGAN MID CAP CORE-SEL JMRSX</NameOfStock>
        <EOYBookValue>22500</EOYBookValue>
        <EOYFMV>24765</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2421 shares of MANNING NAPIER FD, INC. EQUITY SRS EXEYX</NameOfStock>
        <EOYBookValue>46000</EOYBookValue>
        <EOYFMV>42104</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>4201 shares of MANNING NAPIER FD, INC.WORLD OPPORTUNITIES SRS C EXWAX</NameOfStock>
        <EOYBookValue>26315</EOYBookValue>
        <EOYFMV>27855</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1012 shares of MATTHEWS PACIFIC TIGER FUND I MIPTX</NameOfStock>
        <EOYBookValue>12285</EOYBookValue>
        <EOYFMV>20574</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>656 shares of MFS INTERNATIONAL VALUE I MINIX</NameOfStock>
        <EOYBookValue>17000</EOYBookValue>
        <EOYFMV>16200</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>968 shares of NUVEEN TRADEWINDS VALUE OPPORTUNITIES FUND CL R NVORX</NameOfStock>
        <EOYBookValue>21289</EOYBookValue>
        <EOYFMV>29457</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>282 shares of SPDR SP 500 ETF TRUST SPY</NameOfStock>
        <EOYBookValue>35726</EOYBookValue>
        <EOYFMV>35391</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>91 shares of STREETTRACKS GOLD SHARES GLD</NameOfStock>
        <EOYBookValue>7907</EOYBookValue>
        <EOYFMV>13831</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1506 shares of T. ROWE PRICE NEW ASIA FUND PRASX</NameOfStock>
        <EOYBookValue>19719</EOYBookValue>
        <EOYFMV>20950</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>947 shares of THE ARBITRAGE FUND CLASS I ARBNX</NameOfStock>
        <EOYBookValue>12374</EOYBookValue>
        <EOYFMV>12412</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>285 shares of VANGUARD EMERGING MARKETS STOCK INDEX VIPERS VWO</NameOfStock>
        <EOYBookValue>13604</EOYBookValue>
        <EOYFMV>10890</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1254 shares of VANGUARD INTERMEDIATE-TERM CORPORATE FUND VFICX</NameOfStock>
        <EOYBookValue>12500</EOYBookValue>
        <EOYFMV>12525</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="990PF:79" softwareId="11000218" softwareVersion="2011.0.0">
      <OtherExpenses>
        <Description>Administrative Fees</Description>
        <RevenueAndExpensesPerBooks>9901</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>9901</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="990PF:77" softwareId="11000218" softwareVersion="2011.0.0">
      <OtherProfessionalFees>
        <Category>Investment Management Services</Category>
        <Amount>7844</Amount>
        <NetInvestmentIncome>7844</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="990PF:78" softwareId="11000218" softwareVersion="2011.0.0">
      <Taxes>
        <Category>Estimated Tax for 2011</Category>
        <Amount>1200</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>Excise Tax for 2010</Category>
        <Amount>992</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <AdjustedNetIncome>0</AdjustedNetIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>