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        <Description>ACADEMIC ADVISORS</Description>
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        <ProgramServices>40000</ProgramServices>
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        <ProgramServices>26071</ProgramServices>
        <ManagementAndGeneral>262</ManagementAndGeneral>
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        <Fundraising>0</Fundraising>
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      <OtherNotesLoansReceivableNet>
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      <InventoriesForSaleOrUse>
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      <PrepaidExpensesDeferredCharges>
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        <EOY>36298</EOY>
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      <LandBuildingsEquipmentBasisNet>
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        <EOY>1008417</EOY>
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      <InvestmentsOtherSecurities>
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      </InvestmentsOtherSecurities>
      <InvestmentsProgramRelated>
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        <EOY>10788</EOY>
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      <OtherAssetsTotal>
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        <EOY>2112667</EOY>
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        <EOY>26918</EOY>
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      <DeferredRevenue>
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        <EOY>120000</EOY>
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        <EOY>146918</EOY>
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      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>1603619</BOY>
        <EOY>1915749</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <EOY>50000</EOY>
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      <TotalNetAssetsFundBalances>
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        <EOY>1965749</EOY>
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      <TotalLiabNetAssetsFundBalances>
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        <EOY>2112667</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>427116</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>-64986</ReconcilationOtherChanges>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>false</FederalGrantAuditPerformed>
    </IRS990>
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      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
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        <CurrentTaxYearMinus2Years>50000</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>50000</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>50000</CurrentTaxYear>
        <Total>250000</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
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        <CurrentTaxYearMinus3Years>234269</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>812806</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1333327</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1278276</CurrentTaxYear>
        <Total>3863882</Total>
      </GrossReceiptsFromAdmissions>
      <GrossReceiptsFromNonUBI>
        <Total>0</Total>
      </GrossReceiptsFromNonUBI>
      <TaxRevLeviedForOrgBenefit509>
        <Total>0</Total>
      </TaxRevLeviedForOrgBenefit509>
      <ValueOfSvcsFcltsFurnishdByGovt>
        <Total>0</Total>
      </ValueOfSvcsFcltsFurnishdByGovt>
      <Total509>
        <CurrentTaxYearMinus4Years>305204</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>234269</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>862806</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1383327</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1328276</CurrentTaxYear>
        <Total>4113882</Total>
      </Total509>
      <AmtsRecdFromDisqualPersons>
        <Total>0</Total>
      </AmtsRecdFromDisqualPersons>
      <AmtsFromSubstContributors>
        <CurrentTaxYearMinus4Years>40204</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>49259</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>415406</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>368016</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>354854</CurrentTaxYear>
        <Total>1227739</Total>
      </AmtsFromSubstContributors>
      <SupportFromDQPsEtc>
        <CurrentTaxYearMinus4Years>40204</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>49259</CurrentTaxYearMinus3Years>
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        <CurrentTaxYearMinus1Year>368016</CurrentTaxYearMinus1Year>
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      <PublicSupportTotal509>2886143</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>21046</CurrentTaxYearMinus4Years>
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        <CurrentTaxYearMinus1Year>12626</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>39906</CurrentTaxYear>
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      </GrossInvestmentIncome509>
      <Post1975UBTI>
        <Total>0</Total>
      </Post1975UBTI>
      <InvestmentIncomeAndUBTI>
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        <CurrentTaxYearMinus3Years>10570</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1139</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>12626</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>39906</CurrentTaxYear>
        <Total>85287</Total>
      </InvestmentIncomeAndUBTI>
      <NetIncomeFromOtherUBI>
        <Total>0</Total>
      </NetIncomeFromOtherUBI>
      <OtherIncome509>
        <Total>0</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>326250</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>244839</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>863945</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1395953</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>1368182</CurrentTaxYear>
        <Total>4199169</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.68730</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.67180</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.02030</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.02000</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="11000144" softwareVersion="2011v1.2">
      <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>
    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="11000144" softwareVersion="2011v1.2">
      <TotalRevenue>1384973</TotalRevenue>
      <TotalExpenses>957857</TotalExpenses>
      <ExcessOrDeficitForYear>427116</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>-94986</NetUnrealizedGLOnInvestments>
      <PriorPeriodAdjustments>30000</PriorPeriodAdjustments>
      <TotalAdjustments>-64986</TotalAdjustments>
      <ExcessOrDeficitPerFS>362130</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>1384973</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>1384973</RevenueSubtotal>
      <TotalRevenuePerForm990>1384973</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>1052843</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>94986</OtherExpensesIncluded>
      <ExpensesNotRptdF990>94986</ExpensesNotRptdF990>
      <ExpensesSubtotal>957857</ExpensesSubtotal>
      <TotalExpensesPerForm990>957857</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Part X</Identifier>
        <ReturnReference>Part X : FIN48 Footnote</ReturnReference>
        <Explanation>FASB Accounting Standard Codification (ASC) 740, Income Taxes clarifies the accounting uncertainty in income taxes recognized in an organization's financial statements. ASC 740 provides that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on technical merits. Income tax positions must be a more likely-than-not recognition threshold at the effective date to be recognized upon the adoption of ASC 740 and in subsequent periods. This interpretation also provides guidance on measurement, derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. CLC adopted ASC 740 for the fiscal year ended December 31, 2009. The adoption of ASC 740 had no impact on CLC's financial position or results of operations. The only tax years subject to examination by major tax jurisdictions are those within the statutory limits.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XIII, Line 2d</Identifier>
        <ReturnReference>Part XIII, Line 2d: Other expenses and losses per audited F/S</ReturnReference>
        <Explanation>UNREALIZED LOSS ON INVESTMENTS $94986</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="IRS990ScheduleI" softwareId="11000144" softwareVersion="2011v1.2">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
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          <BusinessNameLine1>KELLOGG SCHOOL OF MANAGEMENT</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>2001 SHERIDAN ROAD</AddressLine1>
          <City>EVANSTON</City>
          <State>IL</State>
          <ZIPCode>60208</ZIPCode>
        </AddressUS>
        <EINOfRecipient>362167817</EINOfRecipient>
        <IRCSection>3</IRCSection>
        <AmountOfCashGrant>50000</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <PurposeOfGrant>EDUCATION</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>JOHNSON GRAD SCHOOL OF MGMT</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>130 E SENECA STREET STE 400</AddressLine1>
          <City>ITHACA</City>
          <State>NY</State>
          <ZIPCode>14850</ZIPCode>
        </AddressUS>
        <EINOfRecipient>150532082</EINOfRecipient>
        <IRCSection>3</IRCSection>
        <AmountOfCashGrant>50000</AmountOfCashGrant>
        <AmountOfNonCashAssistance>0</AmountOfNonCashAssistance>
        <PurposeOfGrant>RESEARCH ON EXECUTIVE LEADERSHIP</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>2</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="11000144" softwareVersion="2011v1.2">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 12c</Identifier>
        <ReturnReference>Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts</ReturnReference>
        <Explanation>CLC'S CONFLICT OF INTEREST POLICY REQUIRES DISCLOSURE OF ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. CLC MONITORS SUCH DISCLOSURES AND REVIEWS THE DISCLOSURES OF FINANCIAL INTERESTS AND ALL MATERIAL FACTS TO DETERMINE IF A CONFLICT OF INTEREST EXISTS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>A COPY OF THE FORM 990 IS REVIEWED BY THE CO-CHAIRMAN/TREASURER PRIOR TO FILING.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>