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      </GeneralExplanation>
      <GeneralExplanation>
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        <Explanation>FORM 990 IS REVIEWED BY THE FULL BOARD PRIOR TO FILING</Explanation>
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        <Explanation>EACH BOARD MEMBER IS REQUIRED TO SIGN THE CONFLICT OF INTEREST STATEMENT ANNUALLY</Explanation>
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      <GeneralExplanation>
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        <Explanation>COMPENSATION OF EXECUTIVE DIRECTOR AND TOP MANAGEMENT ARE REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE</Explanation>
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      <GeneralExplanation>
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        <AmountInvolved>323869</AmountInvolved>
        <MethodOfAmtDetermination>FAIR VALUE</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>STAMFORD ACADEMY INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>N</TransactionType>
        <AmountInvolved>43837</AmountInvolved>
        <MethodOfAmtDetermination>FAIR VALUE</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
      <TransactionsRelatedOrgsTable>
        <NameOfOtherOrganization>
          <BusinessNameLine1>DOMUS FOUNDATION INC</BusinessNameLine1>
        </NameOfOtherOrganization>
        <TransactionType>C</TransactionType>
        <AmountInvolved>500000</AmountInvolved>
        <MethodOfAmtDetermination>FAIR VALUE</MethodOfAmtDetermination>
      </TransactionsRelatedOrgsTable>
    </IRS990ScheduleR>
  </ReturnData>
</Return>