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            <State>MD</State>
            <ZIPCode>20742</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>Robertson Fellows</PurposeOfGrantOrContribution>
          <Amount>28400</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>The Fletcher School</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>TUFTS UNIVERSITY</AddressLine1>
            <AddressLine2>160 PACKARD AVENUE</AddressLine2>
            <City>MEDFORD</City>
            <State>MA</State>
            <ZIPCode>02155</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>Robertson Fellows</PurposeOfGrantOrContribution>
          <Amount>35000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Texas A&amp;M Foundation</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>401 GEORGE BUSH DRIVE</AddressLine1>
            <City>COLLEGE STATION</City>
            <State>TX</State>
            <ZIPCode>77840</ZIPCode>
          </RecipientUSAddress>
          <PurposeOfGrantOrContribution>Robertson Fellows</PurposeOfGrantOrContribution>
          <Amount>40000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>178400</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <FeesContractsFromGovtAgencies />
        <MembershipDuesAndAssessments />
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>36</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>40722</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRentalIncmReDebtFincdProp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty />
        <OtherInvestmentIncomePartVII />
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>35313</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <NetIncomeLossFromSpecialEvents />
        <GrossProfitLossSalesOfInvntry />
        <SubtotalsPartXVIA>
          <ExclusionAmount>76071</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>76071</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>
    <ContractorCompensationExpln documentId="ContractCompenExpln" />
    <DepreciationSchedule documentId="DepreciationSch">
      <Depreciation>
        <DescriptionOfProperty>OFFICE SERVER</DescriptionOfProperty>
        <DateAcquired>2010-09-03</DateAcquired>
        <CostOrOtherBasis>1641</CostOrOtherBasis>
        <ComputationMethod>SL</ComputationMethod>
        <Life>5</Life>
        <CurrentYearExpense>109</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>COMPUTER EQUIP</DescriptionOfProperty>
        <DateAcquired>2010-01-14</DateAcquired>
        <CostOrOtherBasis>2149</CostOrOtherBasis>
        <ComputationMethod>SL</ComputationMethod>
        <Life>3</Life>
        <CurrentYearExpense>716</CurrentYearExpense>
      </Depreciation>
      <Depreciation>
        <DescriptionOfProperty>FURNITURE</DescriptionOfProperty>
        <DateAcquired>2010-01-29</DateAcquired>
        <CostOrOtherBasis>4800</CostOrOtherBasis>
        <ComputationMethod>SL</ComputationMethod>
        <Life>7</Life>
        <CurrentYearExpense>629</CurrentYearExpense>
      </Depreciation>
    </DepreciationSchedule>
    <GainLossSaleOtherAssetsSch documentId="GnLsSaleOthAssetsSch">
      <GainLossSaleOtherAsset>
        <Name>HARBOR BOND FUND</Name>
        <DateAcquired>2010-03</DateAcquired>
        <DateSold>2010-10</DateSold>
        <GrossSalesPrice>770000</GrossSalesPrice>
        <Basis>747482</Basis>
        <TotalNet>22518</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>BARRICK GOLD CORP</Name>
        <DateAcquired>2010-05</DateAcquired>
        <DateSold>2010-10</DateSold>
        <GrossSalesPrice>59122</GrossSalesPrice>
        <Basis>55050</Basis>
        <TotalNet>4072</TotalNet>
      </GainLossSaleOtherAsset>
      <GainLossSaleOtherAsset>
        <Name>VANGUARD HIGH YIELD FUND</Name>
        <DateAcquired>2010-06</DateAcquired>
        <DateSold>2010-12</DateSold>
        <GrossSalesPrice>108900</GrossSalesPrice>
        <Basis>104374</Basis>
        <TotalNet>4526</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorpStock>
        <NameOfStock>INVESTMENTS</NameOfStock>
        <EOYBookValue>799460</EOYBookValue>
        <EOYFMV>799460</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="LandEtcSch2">
      <LandEtc>
        <CategoryOrItem>OFFICE SERVER</CategoryOrItem>
        <CostOrOtherBasis>1641</CostOrOtherBasis>
        <AccumulatedDepreciation>109</AccumulatedDepreciation>
        <BookValue>1532</BookValue>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>COMPUTER EQUIP</CategoryOrItem>
        <CostOrOtherBasis>2149</CostOrOtherBasis>
        <AccumulatedDepreciation>716</AccumulatedDepreciation>
        <BookValue>1433</BookValue>
      </LandEtc>
      <LandEtc>
        <CategoryOrItem>FURNITURE</CategoryOrItem>
        <CostOrOtherBasis>4800</CostOrOtherBasis>
        <AccumulatedDepreciation>629</AccumulatedDepreciation>
        <BookValue>4171</BookValue>
      </LandEtc>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSch">
      <LegalFees>
        <Category>BOEIS SCHILLER &amp; FLEXNER LLP</Category>
        <Amount>2617</Amount>
        <DisbursementsCharitablePrps>2617</DisbursementsCharitablePrps>
      </LegalFees>
      <LegalFees>
        <Category>ALLEY MAASS ROGERS &amp; LINDSAY</Category>
        <Amount>6311</Amount>
        <DisbursementsCharitablePrps>6311</DisbursementsCharitablePrps>
      </LegalFees>
      <LegalFees>
        <Category>MILBANK TWEED HADLEY &amp; MCCLOY</Category>
        <Amount>5800</Amount>
        <DisbursementsCharitablePrps>5800</DisbursementsCharitablePrps>
      </LegalFees>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSch">
      <OtherDecreases>
        <Description>REPAYMENTS OF LOANS</Description>
        <Amount>213016</Amount>
      </OtherDecreases>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpenses>
        <Description>BANK SERVICE CHARGES</Description>
        <RevenueAndExpensesPerBooks>1524</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>1524</NetInvestmentIncome>
      </OtherExpenses>
      <OtherExpenses>
        <Description>COMPUTER AND INTERNET EXPENSE</Description>
        <RevenueAndExpensesPerBooks>3236</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>3236</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>TELEPHONE EXPENSE</Description>
        <RevenueAndExpensesPerBooks>5100</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>5100</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PAYROLL FEES</Description>
        <RevenueAndExpensesPerBooks>2424</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>2424</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>OFFICE EXPENSE</Description>
        <RevenueAndExpensesPerBooks>10888</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>10888</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INSURANCE EXPENSE</Description>
        <RevenueAndExpensesPerBooks>24741</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>24741</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BUSINESS MEALS</Description>
        <RevenueAndExpensesPerBooks>7671</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>7671</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>DUES &amp; SUBSCRIPTIONS</Description>
        <RevenueAndExpensesPerBooks>5510</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>5510</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PAYROLL TAXES</Description>
        <RevenueAndExpensesPerBooks>19570</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>19570</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>STORAGE EXPENSE</Description>
        <RevenueAndExpensesPerBooks>706</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>706</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="OtherIncreasesSch">
      <OtherIncreases>
        <Description>UNREALIZED GAINS ON SECURITIES</Description>
        <Amount>46266</Amount>
      </OtherIncreases>
    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="OtherLiabSch">
      <OtherLiabilities>
        <Description>DUE TO RELATED PARTY</Description>
        <BOYBookValue>0</BOYBookValue>
        <EOYBookValue>22328</EOYBookValue>
      </OtherLiabilities>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFees>
        <Category>CONSULTING</Category>
        <Amount>125000</Amount>
        <DisbursementsCharitablePrps>125000</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>ADVISORY FEES</Category>
        <Amount>120000</Amount>
        <DisbursementsCharitablePrps>120000</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>PROFESSIONAL FEES</Category>
        <Amount>44375</Amount>
        <DisbursementsCharitablePrps>44375</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
      <OtherProfessionalFees>
        <Category>PUBLIC RELATIONS</Category>
        <Amount>39362</Amount>
        <DisbursementsCharitablePrps>39362</DisbursementsCharitablePrps>
      </OtherProfessionalFees>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>TAXES WITHHELD</Category>
        <Amount>238</Amount>
        <NetInvestmentIncome>238</NetInvestmentIncome>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>