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        <ReportableCompFromOrganization>132597</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>17252</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DAN GREENWOOD</NamePerson>
        <Title>ASSISTANT HEAD</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <HighestCompensatedEmployee>X</HighestCompensatedEmployee>
        <ReportableCompFromOrganization>105721</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>27250</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>528089</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>92761</TotalOtherCompensation>
      <NumberIndividualsGT100K>3</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
      <TotalCompGT150K>1</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <NumberOfContractorsGT100K>0</NumberOfContractorsGT100K>
      <AllOtherContributions>3231302</AllOtherContributions>
      <TotalContributions>3231302</TotalContributions>
      <ProgramServiceRevenue>
        <Description>TUITION</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>7437279</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>7437279</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>FEES</Description>
        <BusinessCode>611710</BusinessCode>
        <TotalRevenueColumn>490483</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>490483</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>7927762</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>268660</TotalRevenueColumn>
        <ExclusionAmount>268660</ExclusionAmount>
      </InvestmentIncome>
      <TotalRevenue>
        <TotalRevenueColumn>11427724</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>7927762</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>268660</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticIndividuals>
        <Total>939925</Total>
        <ProgramServices>939925</ProgramServices>
      </GrantsToDomesticIndividuals>
      <CompCurrentOfficersDirectors>
        <Total>338056</Total>
        <ProgramServices>101416</ProgramServices>
        <ManagementAndGeneral>152125</ManagementAndGeneral>
        <Fundraising>84515</Fundraising>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>4259608</Total>
        <ProgramServices>3456227</ProgramServices>
        <ManagementAndGeneral>503912</ManagementAndGeneral>
        <Fundraising>299469</Fundraising>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>270428</Total>
        <ProgramServices>206365</ProgramServices>
        <ManagementAndGeneral>56006</ManagementAndGeneral>
        <Fundraising>8057</Fundraising>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>436835</Total>
        <ProgramServices>346949</ProgramServices>
        <ManagementAndGeneral>69018</ManagementAndGeneral>
        <Fundraising>20868</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>316557</Total>
        <ProgramServices>239866</ProgramServices>
        <ManagementAndGeneral>50928</ManagementAndGeneral>
        <Fundraising>25763</Fundraising>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>17250</Total>
        <ManagementAndGeneral>17250</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>29000</Total>
        <ManagementAndGeneral>29000</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
        <Total>28324</Total>
        <ManagementAndGeneral>28324</ManagementAndGeneral>
      </FeesForServicesOther>
      <Advertising>
        <Total>16326</Total>
        <ManagementAndGeneral>635</ManagementAndGeneral>
        <Fundraising>15691</Fundraising>
      </Advertising>
      <OfficeExpenses>
        <Total>283091</Total>
        <ProgramServices>143930</ProgramServices>
        <ManagementAndGeneral>111581</ManagementAndGeneral>
        <Fundraising>27580</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>95416</Total>
        <ProgramServices>66486</ProgramServices>
        <ManagementAndGeneral>15583</ManagementAndGeneral>
        <Fundraising>13347</Fundraising>
      </InformationTechnology>
      <Occupancy>
        <Total>269795</Total>
        <ProgramServices>204317</ProgramServices>
        <ManagementAndGeneral>60556</ManagementAndGeneral>
        <Fundraising>4922</Fundraising>
      </Occupancy>
      <Travel>
        <Total>14595</Total>
        <ProgramServices>7829</ProgramServices>
        <ManagementAndGeneral>6311</ManagementAndGeneral>
        <Fundraising>455</Fundraising>
      </Travel>
      <ConferencesMeetings>
        <Total>36527</Total>
        <ProgramServices>36449</ProgramServices>
        <Fundraising>78</Fundraising>
      </ConferencesMeetings>
      <DepreciationDepletion>
        <Total>419730</Total>
        <ProgramServices>356771</ProgramServices>
        <ManagementAndGeneral>62959</ManagementAndGeneral>
      </DepreciationDepletion>
      <Insurance>
        <Total>42686</Total>
        <ManagementAndGeneral>42686</ManagementAndGeneral>
      </Insurance>
      <OtherExpenses>
        <Description>INSTRUCTION</Description>
        <Total>331891</Total>
        <ProgramServices>329159</ProgramServices>
        <ManagementAndGeneral>2732</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>STUDENT SERVICES</Description>
        <Total>205659</Total>
        <ProgramServices>205659</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>FUNDRAISING</Description>
        <Total>136602</Total>
        <Fundraising>136602</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>ENTERTAINMENT</Description>
        <Total>61220</Total>
        <ManagementAndGeneral>61220</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>DUES &amp; SUBSCRIPTIONS</Description>
        <Total>14009</Total>
        <ProgramServices>4546</ProgramServices>
        <ManagementAndGeneral>9463</ManagementAndGeneral>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>17085</Total>
        <ProgramServices>17085</ProgramServices>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>8580615</Total>
        <ProgramServices>6662979</ProgramServices>
        <ManagementAndGeneral>1280289</ManagementAndGeneral>
        <Fundraising>637347</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>3061</BOY>
        <EOY>722</EOY>
      </CashNonInterestBearing>
      <SavingsAndTempCashInvestments>
        <BOY>3462286</BOY>
        <EOY>4119989</EOY>
      </SavingsAndTempCashInvestments>
      <PledgesAndGrantsReceivable>
        <BOY>2661380</BOY>
        <EOY>3235125</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>65598</BOY>
        <EOY>84244</EOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>121146</BOY>
        <EOY>157688</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>26175007</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>6323912</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>9710129</BOY>
        <EOY>19851095</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>11295296</BOY>
        <EOY>10132683</EOY>
      </InvestmentsPubTradedSecurities>
      <InvestmentsOtherSecurities>
        <BOY>0</BOY>
      </InvestmentsOtherSecurities>
      <TotalAssets>
        <BOY>27318896</BOY>
        <EOY>37581546</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>983842</BOY>
        <EOY>2059196</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>815392</BOY>
        <EOY>1175743</EOY>
      </DeferredRevenue>
      <TaxExemptBondLiabilities>
        <BOY>1260646</BOY>
        <EOY>6273246</EOY>
      </TaxExemptBondLiabilities>
      <TotalLiabilities>
        <BOY>3059880</BOY>
        <EOY>9508185</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>14025203</BOY>
        <EOY>15385752</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>7446192</BOY>
        <EOY>9856938</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>2787621</BOY>
        <EOY>2830671</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>24259016</BOY>
        <EOY>28073361</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>27318896</BOY>
        <EOY>37581546</EOY>
      </TotalLiabNetAssetsFundBalances>
      <InfoInScheduleOPartXI>X</InfoInScheduleOPartXI>
      <ReconcilationRevenueExpenses>2847109</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>967236</ReconcilationOtherChanges>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <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="RetDoc1040000001">
      <CurrentYear>
        <BeginningOfYearBalance>8921935</BeginningOfYearBalance>
        <Contributions>43050</Contributions>
        <InvestmentEarningsOrLosses>1216084</InvestmentEarningsOrLosses>
        <EndOfYearBalance>10181069</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>8042428</BeginningOfYearBalance>
        <Contributions>65187</Contributions>
        <InvestmentEarningsOrLosses>814320</InvestmentEarningsOrLosses>
        <EndOfYearBalance>8921935</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>10375501</BeginningOfYearBalance>
        <Contributions>76975</Contributions>
        <InvestmentEarningsOrLosses>-1389771</InvestmentEarningsOrLosses>
        <OtherExpenditures>1020277</OtherExpenditures>
        <EndOfYearBalance>8042428</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <BoardDesignatedEOYBalance>0.63850</BoardDesignatedEOYBalance>
      <PermanentEndowmentEOYBalance>0.27800</PermanentEndowmentEOYBalance>
      <TermEndowmentEOYBalance>0.08350</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>0</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>0</EndowmentsHeldByRelatedOrgs>
      <Land>
        <OtherCostOrOtherBasis>40627</OtherCostOrOtherBasis>
        <BookValue>40627</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>8900682</OtherCostOrOtherBasis>
        <Depreciation>3956460</Depreciation>
        <BookValue>4944222</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>2453990</OtherCostOrOtherBasis>
        <Depreciation>2146572</Depreciation>
        <BookValue>307418</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>14779708</OtherCostOrOtherBasis>
        <Depreciation>220880</Depreciation>
        <BookValue>14558828</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>19851095</TotalOfBookValueLandBuildings>
      <TotalRevenue>11427724</TotalRevenue>
      <TotalExpenses>8580615</TotalExpenses>
      <ExcessOrDeficitForYear>2847109</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>967236</NetUnrealizedGLOnInvestments>
      <TotalAdjustments>967236</TotalAdjustments>
      <ExcessOrDeficitPerFS>3814345</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>11455035</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>967236</NetUnrealizedGainsInvestments>
      <OtherRevenues>-939925</OtherRevenues>
      <RevenueNotRptdF990>27311</RevenueNotRptdF990>
      <RevenueSubtotal>11427724</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>11427724</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>7640690</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>7640690</ExpensesSubtotal>
      <OtherExpensesNotIncluded>939925</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>939925</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>8580615</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:</Identifier>
        <ReturnReference>PART V, LINE 4:</ReturnReference>
        <Explanation>ENDOWMENT SUPPORT AT CHANDLER SCHOOL PROVIDES LASTING RESOURCES FOR MANY OF THE PROGRAMS WHICH DEFINE THE CHARACTER OF THE SCHOOL: STRONG FACULTY SUPPORT, TUITION ASSISTANCE AND EXCELLENT ACADEMIC OPPORTUNITIES.</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Explanation>PART XII LINE 2D AND PART XIII LINE 4B - FINANCIAL AID AWARDED TOTALING $939,925.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc1040400001">
      <NondiscriminatoryPolicyStmt>1</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>1</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>1</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>1</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>1</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>1</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>1</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>0</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>0</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>0</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>0</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>0</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>0</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>0</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>0</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>0</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>0</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>1</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION</Identifier>
        <ReturnReference>SCHEDULE E, PART I, LINE 3</ReturnReference>
        <Explanation>THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL SCHOOL ADVERTISING, BROCHURES, REGISTRATION MATERIALS AND OTHER PRINT MEDIA. THE SCHOOL ALSO ADVERTISES IN LOCAL NEWSPAPERS.</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>1</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>FINANCIAL AID</TypeOfGrant>
        <NumberOfRecipients>90</NumberOfRecipients>
        <AmountOfCashGrant>939925</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURE FOR MONITORING GRANTS IN THE U.S.:</Identifier>
        <ReturnReference>PART I, LINE 2:</ReturnReference>
        <Explanation>SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS AWARDED ON THE BASIS OF FINANCIAL NEED OF THE STUDENT'S FAMILY AS DETERMINED BY AN INDEPENDENT FINANCIAL AID COMMITTEE. THE COMMITTEE MAKES THEIR DECISION UPON REVIEW AND EVALUATION OF THE FINANCIAL INFORMATION AND OTHER DOCUMENTATION SUBMITTED BY THE FAMILIES. FINANCIAL AID IS AWARDED ON A NONDISCRIMINATORY BASIS.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc1042400001">
      <IdemnificationGrossUpPayments>X</IdemnificationGrossUpPayments>
      <HousingAllowanceOrResidence>X</HousingAllowanceOrResidence>
      <WrittenPolicyReTAndEExpenses>1</WrittenPolicyReTAndEExpenses>
      <SubstantiationRequired>1</SubstantiationRequired>
      <CompensationCommittee>X</CompensationCommittee>
      <Form990OfOtherOrganizations>X</Form990OfOtherOrganizations>
      <WrittenEmploymentContract>X</WrittenEmploymentContract>
      <CompensationSurvey>X</CompensationSurvey>
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>0</SeverancePayment>
      <SupplementalNonqualRetirePlan>0</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>0</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>0</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>0</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>0</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>0</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>0</AnyNonFixedPayments>
      <InitialContractException>0</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>JOHN FINCH</NamePerson>
        <BaseCompensationFilingOrg>224771</BaseCompensationFilingOrg>
        <CompBasedOnRelatedOrgs>0</CompBasedOnRelatedOrgs>
        <BonusFilingOrg>15000</BonusFilingOrg>
        <BonusRelatedOrgs>0</BonusRelatedOrgs>
        <OtherCompensationFilingOrg>50000</OtherCompensationFilingOrg>
        <OtherCompensationRelatedOrgs>0</OtherCompensationRelatedOrgs>
        <DeferredCompFilingOrg>16491</DeferredCompFilingOrg>
        <DeferredCompRelatedOrgs>0</DeferredCompRelatedOrgs>
        <NontaxableBenefitsFilingOrg>31768</NontaxableBenefitsFilingOrg>
        <NontaxableBenefitsRelatedOrgs>0</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>338030</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>0</TotalCompensationRelatedOrgs>
        <CompReportPrior990FilingOrg>0</CompReportPrior990FilingOrg>
        <CompReportPrior990RelatedOrgs>0</CompReportPrior990RelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartIII>
        <ReturnReference>PART I, LINE 1A</ReturnReference>
        <Explanation>THE SCHOOL OWNS THE HOUSE IN WHICH THE HEAD RESIDES. THIS IS A REQUIREMENT OF EMPLOYMENT AND IS AT THE CONVENIENCE OF THE SCHOOL. ADDITIONALLY, CHANDLER SCHOOL PROVIDES GROSS-UP PAYMENTS FOR THE TUITION HEAD OF SCHOOL'S CHILDREN.</Explanation>
      </Form990ScheduleJPartIII>
    </IRS990ScheduleJ>
    <IRS990ScheduleK documentId="RetDoc1053100001">
      <Form990ScheduleKPartI>
        <IssuerName>
          <BusinessNameLine1>CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>352273601</IssuerEIN>
        <CUSIPNumber>NONEAVAIL</CUSIPNumber>
        <DateIssued>2009-12-17</DateIssued>
        <IssuePrice>9800000</IssuePrice>
        <DescriptionOfPurpose>TO FUND RENOVATIONS TO THE SOUTH CAMPUS CONSTRUCTION PROJECT.</DescriptionOfPurpose>
        <Defeased>0</Defeased>
        <OnBehalfOfIssuer>0</OnBehalfOfIssuer>
        <PoolFinancing>0</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <TotalProceeds>9800000</TotalProceeds>
        <CapitalExpenditures>6273246</CapitalExpenditures>
        <AmountUnspent>3526754</AmountUnspent>
        <YearOfSubstCompletion>2011</YearOfSubstCompletion>
        <CurrentRefunding>0</CurrentRefunding>
        <AdvanceRefunding>0</AdvanceRefunding>
        <FinalAllocationMade>1</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>1</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <OwningBondFinancedProperty>0</OwningBondFinancedProperty>
        <AnyLeaseArrangements>0</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>0</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>0</AnyResearchAgreements>
        <BondCounselRoutinelyEngaged>1</BondCounselRoutinelyEngaged>
        <PostIssuanceComplianceProcdrs>1</PostIssuanceComplianceProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <Form8038TFiled>0</Form8038TFiled>
        <VariableRateIssue>0</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>0</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>0</GrossProceedsInvestedInGIC>
        <GrossProceedsInvested>0</GrossProceedsInvested>
        <ExceptionToRebate>0</ExceptionToRebate>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>ROB NEITHART</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>TRUSTEE</Relationship>
        <AmountOfTransaction>244931</AmountOfTransaction>
        <DescriptionOfTransaction>BOARD MEMBER OF THE CHANDLER SCHOOL IS AN EMPLOYEE OF CAPITAL GROUP, THAT MANAGES THE SCHOOL'S ENDOWMENT FUNDS.</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>TOM ROSE</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>TRUSTEE</Relationship>
        <AmountOfTransaction>244931</AmountOfTransaction>
        <DescriptionOfTransaction>BOARD MEMBER OF THE CHANDLER SCHOOL IS AN EMPLOYEE OF CAPITAL GROUP, THAT MANAGES THE SCHOOL'S ENDOWMENT FUNDS.</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>JAMES TERRILE</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>TRUSTEE</Relationship>
        <AmountOfTransaction>244931</AmountOfTransaction>
        <DescriptionOfTransaction>BOARD MEMBER OF THE CHANDLER SCHOOL IS AN EMPLOYEE OF CAPITAL GROUP, THAT MANAGES THE SCHOOL'S ENDOWMENT FUNDS.</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 2</Identifier>
        <Explanation>THREE MEMBERS OF THE BOARD WORK FOR THE SAME EMPLOYER, CAPITAL GROUP.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>THE BOARD HAS AUTHORIZED THE TREASURER TO REVIEW AND APPROVE THE FORM 990. A DRAFT IS SUBMITTED TO THE TREASURER, WHO THEN DISCUSSES IT WITH THE BUSINESS MANAGER.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE CONFLICT OF INTEREST POLICY IS CIRCULATED AMONG BOARD MEMBERS ON AN ANNUAL BASIS. EACH BOARD MEMBER DOCUMENTS HIS/HER REVIEW BY SIGNING OFF ON THE ACCOMPANYING REPRESENTATION FORM AND DISCLOSING ANY CONFLICTS. THE BUSINESS MANAGER IS GIVEN COPIES OF THESE FORMS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE EXECUTIVE COMMITTEE IS CHARGED WITH DETERMINING COMPENSATION FOR THE HEAD OF SCHOOL. UTILIZING DATA FROM FORM 990'S OF OTHER ORGANIZATIONS AND INDUSTRY STATISTICS OBTAINED FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE EXECUTIVE COMMITTEE MAKES ITS RECOMMENDATION AND PRESENTS IT TO THE BOARD FOR APPROVAL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED GAINS ON INVESTMENTS: 967,236.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART XII, LINE 2C</ReturnReference>
        <Explanation>THE SCHOOL HAS A COMMITTEE THAT IS RESPONSIBLE FOR OVERSEEING THE AUDIT. THE SCHOOL'S BOARD OF TRUSTEES ARE RESPONSIBLE FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS. THE BOARD ALSO SELECTS THE INDEPENDENT AUDITORS THAT ARE HIRED TO AUDIT THE FINANCIAL STATEMENTS.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>