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        <TaxableAmount1>0</TaxableAmount1>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovFromYear5>688550</ExcessDistriCyovFromYear5>
      </UndistributedIncome>
      <PrivateOperatingFoundations />
      <SupplementaryInformation>
        <ContributingManager>NORMAN AND DIANE BERNSTEIN</ContributingManager>
        <ShareholderManager>NONE</ShareholderManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Arena Stage</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>907 6th Street SW</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20024</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Educational</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Bread for the City</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1525 7th Street NW</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20001</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Capital Camps</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>133 Rollins Ave Unit 4</AddressLine1>
            <City>Rockville</City>
            <State>MD</State>
            <ZIPCode>20852</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Centronia</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1420 Columbia Rd NW</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20009</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Charles E Smith Jewish Day School</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1901 E Jefferson Street</AddressLine1>
            <City>Rockville</City>
            <State>MD</State>
            <ZIPCode>20852</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Children's National Medical Center</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>111 Michigan Ave NW</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20010</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>20000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DC Children &amp; Youth</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1400 16th Street NW</AddressLine1>
            <AddressLine2>Suite 50</AddressLine2>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20036</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>DC Jewish Community Center</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1529 Sixteenth Street NW</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20036</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>United Jewish Appeal Federation</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>6101 Montrose Rd</AddressLine1>
            <City>Rockville</City>
            <State>MD</State>
            <ZIPCode>20852</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>150000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Jewish Social Service Agency</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2629 Connecticut Ave NW</AddressLine1>
            <City>Rockville</City>
            <State>MD</State>
            <ZIPCode>20008</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Jewish Theological Seminary</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3080 Broadway</AddressLine1>
            <City>New York</City>
            <State>NY</State>
            <ZIPCode>10027</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Educational</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Latin American Youth Center</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1419 Columbia Road NW</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20009</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Mary's Center for Maternal and Child Care</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1419 Columbia Road NW</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20009</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Martha's Table</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>2114 14th Street NW</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20009</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>National Academy of Sciences</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>500 5th Street NW</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20001</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>New Israel Fund</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1101 14th Street NW</AddressLine1>
            <AddressLine2>Suite 600</AddressLine2>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20005</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Seed Foundation</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1776 Massachusetts Avenue NW</AddressLine1>
            <AddressLine2>Suite 600</AddressLine2>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20036</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Sidwell Friends School</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3825 Wisconsin Ave NW</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20016</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>25000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Smithsonian of America</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO Box 37012</AddressLine1>
            <AddressLine2>SI Bulding Room 153 MRC 010</AddressLine2>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20013</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(c)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Washington Aids Partnership</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1400 16th Street NW</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20036</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Early Care and Education Funders Collaborative</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1411 K St NW Suite 800</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20005</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not Applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Washington Grantmakers</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1400 16th Street NW Suite 740</AddressLine1>
            <City>Washington</City>
            <State>DC</State>
            <ZIPCode>20036</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>Not applicable</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>Charitable</PurposeOfGrantOrContribution>
          <Amount>3750</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>533750</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <FeesContractsFromGovtAgencies />
        <MembershipDuesAndAssessments />
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>1086</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
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          <ExclusionAmount>237750</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRentalIncmReDebtFincdProp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty />
        <OtherInvestmentIncomePartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>69278</ExclusionAmount>
        </OtherInvestmentIncomePartVII>
        <GainSalesAssetsOthThanInvntry>
          <BusinessCode>525990</BusinessCode>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>243194</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <NetIncomeLossFromSpecialEvents />
        <GrossProfitLossSalesOfInvntry />
        <OtherRevenueDescribed>
          <Description>PARTNERSHIPS</Description>
          <BusinessCode>525990</BusinessCode>
          <UnrelatedBusinessIncomeAmount>28443</UnrelatedBusinessIncomeAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>28443</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>551308</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>579751</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>
    <IRS990ScheduleB documentId="IRS990ScheduleB">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>Norman Bernstein</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>5301 Wisconsin Ave NW Suite 600</AddressLine1>
          <City>Washington</City>
          <State>DC</State>
          <ZIPCode>20015</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>1000000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="AccountingFeesSch">
      <AccountingFees>
        <Category>ACCOUNTING</Category>
        <Amount>10153</Amount>
        <NetInvestmentIncome>9138</NetInvestmentIncome>
        <DisbursementsCharitablePrps>1015</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorpStock>
        <NameOfStock>METROPOLITAN WEST FUND</NameOfStock>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
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        <EOYFMV>705089</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>CAUSEWAY INTERNATIONAL FUND</NameOfStock>
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      <InvestmentsCorpStock>
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        <EOYFMV>833030</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>ARTISAN MIDCAP FUND</NameOfStock>
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        <EOYFMV>251121</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>PIMCO FUNDS</NameOfStock>
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        <EOYFMV>721746</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvOtherSch2">
      <InvestmentsOther>
        <CategoryOrItem>ARCHSTONE PARTNERS, LP</CategoryOrItem>
        <BookValue>1888957</BookValue>
        <EOYFMV>1888957</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>ADAMAS OPPORTUNITIES, LP (1YR)</CategoryOrItem>
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        <EOYFMV>1013868</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>COMMONFUND CAPITAL PTR 2000 LP</CategoryOrItem>
        <BookValue>454013</BookValue>
        <EOYFMV>454013</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>CORE CAPITAL PARTNERS II LP</CategoryOrItem>
        <BookValue>150559</BookValue>
        <EOYFMV>150559</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>ADAMAS OPPORTUNITIES LP (3 YR)</CategoryOrItem>
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        <EOYFMV>289956</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>COMMONFUND CAPITAL PTRS III LP</CategoryOrItem>
        <BookValue>382158</BookValue>
        <EOYFMV>382158</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>FOCUSED INVESTORS FUND LP</CategoryOrItem>
        <BookValue>1142414</BookValue>
        <EOYFMV>1142414</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>LANDMARK EQUITY PTRS XIII LLC</CategoryOrItem>
        <BookValue>310711</BookValue>
        <EOYFMV>310711</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>BUTTERFEILD TRUST</CategoryOrItem>
        <BookValue>542086</BookValue>
        <EOYFMV>542086</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>ADAGE CAPITAL PARTNERS</CategoryOrItem>
        <BookValue>2562148</BookValue>
        <EOYFMV>2562148</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>INVESTORS PARTNER FUND</CategoryOrItem>
        <BookValue>981675</BookValue>
        <EOYFMV>981675</EOYFMV>
      </InvestmentsOther>
      <InvestmentsOther>
        <CategoryOrItem>LONE JUNIPER LP</CategoryOrItem>
        <BookValue>1087368</BookValue>
        <EOYFMV>1087368</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssets>
        <Description>SECURITY DEPOSIT</Description>
        <BOYBookValue>3053</BOYBookValue>
        <EOYBookValue>3053</EOYBookValue>
        <EOYFMV>3053</EOYFMV>
      </OtherAssets>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpenses>
        <Description>BANK SERVICE CHARGE</Description>
        <RevenueAndExpensesPerBooks>822</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>739</NetInvestmentIncome>
        <DisbursementsCharitablePrps>82</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>COMPUTER SOFTWARE</Description>
        <RevenueAndExpensesPerBooks>127</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>114</NetInvestmentIncome>
        <DisbursementsCharitablePrps>13</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INSURANCE</Description>
        <RevenueAndExpensesPerBooks>528</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>475</NetInvestmentIncome>
        <DisbursementsCharitablePrps>53</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <RevenueAndExpensesPerBooks>467</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>421</NetInvestmentIncome>
        <DisbursementsCharitablePrps>47</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OFFICE EXPENSES</Description>
        <RevenueAndExpensesPerBooks>276</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>248</NetInvestmentIncome>
        <DisbursementsCharitablePrps>28</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TELEPHONE</Description>
        <RevenueAndExpensesPerBooks>744</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>670</NetInvestmentIncome>
        <DisbursementsCharitablePrps>74</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>K-1 PORTFOLIO DEDUCTIONS</Description>
        <RevenueAndExpensesPerBooks>128925</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>128925</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>K-1 NONDEDUCTIBLE EXPENSES</Description>
        <RevenueAndExpensesPerBooks>165</RevenueAndExpensesPerBooks>
      </OtherExpenses>
      <OtherExpenses>
        <Description>K-1 FOREIGN TAXES PAID</Description>
        <RevenueAndExpensesPerBooks>5989</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>5989</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>K-1 OTHER DEDUCTIONS</Description>
        <RevenueAndExpensesPerBooks>37802</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>24329</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>K-1 CHARITABLE CONTRIBUTIONS</Description>
        <RevenueAndExpensesPerBooks>20</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>20</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncome>
        <Description>K-1 Ordinary Income</Description>
        <RevenueAndExpensesPerBooks>-29992</RevenueAndExpensesPerBooks>
      </OtherIncome>
      <OtherIncome>
        <Description>K-1 Other Income</Description>
        <RevenueAndExpensesPerBooks>5958</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>3561</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>K-1 Rental</Description>
        <RevenueAndExpensesPerBooks>-980</RevenueAndExpensesPerBooks>
      </OtherIncome>
      <OtherIncome>
        <Description>K-1 Royalties</Description>
        <RevenueAndExpensesPerBooks>11239</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>11239</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>K-1 Interest Income</Description>
        <RevenueAndExpensesPerBooks>52866</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>52866</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>K-1 Treasury Interest</Description>
        <RevenueAndExpensesPerBooks>1612</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1612</NetInvestmentIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>K-1 1231 Gains</Description>
        <RevenueAndExpensesPerBooks>-84</RevenueAndExpensesPerBooks>
      </OtherIncome>
      <OtherIncome>
        <Description>K-1 Book/Tax Differences</Description>
        <RevenueAndExpensesPerBooks>880561</RevenueAndExpensesPerBooks>
      </OtherIncome>
    </OtherIncomeSchedule2>
    <OtherNotesLoansRcvblLongSch documentId="OthNoteLoanRcvblLong">
      <OtherNotesLoansRcvblLong>
        <BorrowersName>
          <Business>
            <BusinessNameLine1>TZEDEC FUND NOTE RECEIVABLE</BusinessNameLine1>
          </Business>
        </BorrowersName>
        <OriginalAmountOfLoan>50000</OriginalAmountOfLoan>
        <BalanceDue>50000</BalanceDue>
        <DateOfNote>2004-10</DateOfNote>
        <MaturityDate>2007-10</MaturityDate>
        <InterestRate>0</InterestRate>
        <SecurityProvidedByBorrower>UNSECURED</SecurityProvidedByBorrower>
        <PurposeOfLoan>TO PROVIDE FOR LOW-INCOME COMMUNITY DEVELOPMENT</PurposeOfLoan>
      </OtherNotesLoansRcvblLong>
    </OtherNotesLoansRcvblLongSch>
    <OtherNotesLoansRcvblShortSch2 documentId="OthNoteLoanRcvbShrt2">
      <OtherNotesLoansRcvblShort>
        <NameOf501c3Organization>
          <BusinessNameLine1>TZEDEC FUND NOTE RECEIVABLE</BusinessNameLine1>
        </NameOf501c3Organization>
        <BalanceDue>50000</BalanceDue>
      </OtherNotesLoansRcvblShort>
    </OtherNotesLoansRcvblShortSch2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFees>
        <Category>INVESTMENT CONSULTING SERVICES</Category>
        <Amount>32353</Amount>
        <NetInvestmentIncome>32353</NetInvestmentIncome>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>PAYROLL TAXES</Category>
        <Amount>5602</Amount>
        <NetInvestmentIncome>1120</NetInvestmentIncome>
        <DisbursementsCharitablePrps>4482</DisbursementsCharitablePrps>
      </Taxes>
      <Taxes>
        <Category>FEDERAL TAXES</Category>
        <Amount>5201</Amount>
      </Taxes>
      <Taxes>
        <Category>DC TAXES</Category>
        <Amount>1176</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>