﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2023v5.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-07-31T09:48:41-05:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>135565207</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>KPMG LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1021 EAST CARY STREET SUITE 2000</AddressLine1Txt>
        <CityNm>RICHMOND</CityNm>
        <StateAbbreviationCd>VA</StateAbbreviationCd>
        <ZIPCd>23219</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>522283401</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>VIA-BRADLEY COLLEGE OF ENGINEERING FOUND</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>C/O FIRST PREMIER BANK TRUST DEPARTMENT</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>VIA-</BusinessNameControlTxt>
      <PhoneNum>5407748800</PhoneNum>
      <USAddress>
        <AddressLine1Txt>500 S MINNESOTA</AddressLine1Txt>
        <CityNm>SIOUX FALLS</CityNm>
        <StateAbbreviationCd>SD</StateAbbreviationCd>
        <ZIPCd>57104</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JOHN G ROCOVICH JR</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>5407748800</PhoneNum>
      <SignatureDt>2024-07-31</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>0</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>CHRISTINE G TAUCHEN</PreparerPersonNm>
      <PTIN>P01320000</PTIN>
      <PhoneNum>8047824200</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-08-08 14:25:15Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="14">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>31365401</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>180000</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>8267</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>8267</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>255182</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>255182</DividendsNetInvstIncmAmt>
        <GrossRentsRevAndExpnssAmt>1780432</GrossRentsRevAndExpnssAmt>
        <GrossRentsNetInvstIncmAmt>1780432</GrossRentsNetInvstIncmAmt>
        <NetRentalIncomeOrLossAmt>808466</NetRentalIncomeOrLossAmt>
        <NetGainSaleAstRevAndExpnssAmt>271391</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>4195540</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>271391</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc2001500001">33494</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>33494</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>0</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>2528766</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>2348766</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>0</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstAdjNetIncmAmt>0</CompOfcrDirTrstAdjNetIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002100001">1713</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>1713</LegalFeesNetInvstIncmAmt>
        <LegalFeesAdjNetIncmAmt>0</LegalFeesAdjNetIncmAmt>
        <LegalFeesDsbrsChrtblAmt>0</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">106240</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>102240</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>0</AccountingFeesChrtblPrpsAmt>
        <InterestRevAndExpnssAmt>668684</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>329891</InterestNetInvstIncmAmt>
        <InterestAdjNetIncmAmt>0</InterestAdjNetIncmAmt>
        <InterestDsbrsChrtblAmt>0</InterestDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">21864</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>2777</TaxesNetInvstIncmAmt>
        <TaxesAdjNetIncmAmt>0</TaxesAdjNetIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt>412147</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnNetInvstIncmAmt>412147</DeprecAndDpltnNetInvstIncmAmt>
        <DeprecAndDpltnAdjNetIncmAmt>0</DeprecAndDpltnAdjNetIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">646374</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>646374</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>0</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>0</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>1857022</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>1495142</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>1280570</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>2232570</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>3137592</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>1495142</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>2232570</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-608826</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>853624</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>2616102</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>2219353</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>2219353</SavAndTempCashInvstEOYFMVAmt>
        <OtherNtsAndLoansRcvblAmt>1000000</OtherNtsAndLoansRcvblAmt>
        <OtherRcvblAllwncDbtflAcctAmt>0</OtherRcvblAllwncDbtflAcctAmt>
        <OtherNtsAndLoansRcvblBOYAmt>1400000</OtherNtsAndLoansRcvblBOYAmt>
        <OtherNtsAndLoansRcvblEOYAmt>1000000</OtherNtsAndLoansRcvblEOYAmt>
        <OtherNtsAndLoansRcvblEOYFMVAmt>1000000</OtherNtsAndLoansRcvblEOYFMVAmt>
        <PrepaidExpensesBOYAmt>54305</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>49951</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>49951</PrepaidExpensesEOYFMVAmt>
        <CorporateStockBOYAmt>10384917</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">11220076</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>11220076</CorporateStockEOYFMVAmt>
        <InvstLandCostOrOtherBasisAmt>16459969</InvstLandCostOrOtherBasisAmt>
        <InvstLandAccumDepreciationAmt>6893594</InvstLandAccumDepreciationAmt>
        <LandBldgInvestmentsBOYAmt>9971850</LandBldgInvestmentsBOYAmt>
        <LandBldgInvestmentsEOYAmt>9566375</LandBldgInvestmentsEOYAmt>
        <LandBldgInvestmentsEOYFMVAmt>9566375</LandBldgInvestmentsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>4101082</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc2018100001">4943138</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>4943138</OtherInvestmentsEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc2046600001">2386859</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc2046600001">2366508</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc2046600001">2366508</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>30915115</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>31365401</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>31365401</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>308957</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>247371</AccountsPayableEOYAmt>
        <GrantsPayableBOYAmt>1830890</GrantsPayableBOYAmt>
        <GrantsPayableEOYAmt>959460</GrantsPayableEOYAmt>
        <MortgagesAndNotesPayableBOYAmt>16403161</MortgagesAndNotesPayableBOYAmt>
        <MortgagesAndNotesPayableEOYAmt referenceDocumentId="RetDoc2203400001">15896561</MortgagesAndNotesPayableEOYAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="RetDoc2065700001">2138018</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="RetDoc2065700001">2115337</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>20681026</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>19218729</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>10234089</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>12146672</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>10234089</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>12146672</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>30915115</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>31365401</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>10234089</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-608826</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="RetDoc2049700001">2521409</OtherIncreasesAmt>
        <SubtotalAmt>12146672</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>12146672</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LT CAPITAL LOSS - PUBLICLY TRADED SECURITIES</PropertyDesc>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>2931651</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2731328</CostOrOtherBasisAmt>
          <GainOrLossAmt>200323</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>200323</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ST CAPITAL LOSS - PUBLICLY TRADED SECURITIES</PropertyDesc>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>1263223</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1258799</CostOrOtherBasisAmt>
          <GainOrLossAmt>4424</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4424</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DISTRIBUTION</PropertyDesc>
          <GrossSalesPriceAmt>666</GrossSalesPriceAmt>
          <GainOrLossAmt>666</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>666</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>OTHER PROCEEDS</PropertyDesc>
          <GainOrLossAmt>65978</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>65978</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>271391</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>11865</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>11865</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>11865</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>15905</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>1000</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>16905</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>5040</OverpaymentAmt>
        <AppliedToESTaxAmt>5040</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>0</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>SD</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>THE FOUNDATION CO FPB</IndividualWithBooksNm>
        <PhoneNum>6053351786</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>500 S MINNESOTA</AddressLine1Txt>
          <CityNm>SIOUX FALLS</CityNm>
          <StateAbbreviationCd>SD</StateAbbreviationCd>
          <ZIPCd>57104</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>1</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>0</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd referenceDocumentId="RetDoc2118100001">1</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAVID G HOTTMANN</PersonNm>
          <USAddress>
            <AddressLine1Txt>708 EAST ST ANDREWS DRIVE</AddressLine1Txt>
            <CityNm>SIOUX FALLS</CityNm>
            <StateAbbreviationCd>SD</StateAbbreviationCd>
            <ZIPCd>571084669</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR/SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>FREDERICK P STRATTON JR</PersonNm>
          <USAddress>
            <AddressLine1Txt>9608 N JUNIPER STREET</AddressLine1Txt>
            <CityNm>MEQUON</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>50392</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ELIZABETH CLINE</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 797</AddressLine1Txt>
            <CityNm>FINCASTLE</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>24090</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN G ROCOVICH JR</PersonNm>
          <USAddress>
            <AddressLine1Txt>5264 FALCON RIDGE ROAD</AddressLine1Txt>
            <CityNm>ROANOKE</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>24018</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR/PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DENNIS A BARBOUR</PersonNm>
          <USAddress>
            <AddressLine1Txt>4415 ELECTRIC ROAD</AddressLine1Txt>
            <CityNm>ROANOKE</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>24108</ZIPCd>
          </USAddress>
          <TitleTxt>ASSISTANT SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>13165045</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>2611425</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>781339</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>16557809</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>16557809</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>248367</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>16309442</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>815472</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>815472</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>11865</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>11865</TotalTaxAmt>
        <DistributableBeforeAdjAmt>803607</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>803607</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>803607</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>2232570</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>2232570</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>803607</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>1859491</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>1741665</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>2804235</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>449859</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>992864</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>7848114</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>2232570</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>803607</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>1428963</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>9277077</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>1859491</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>7417586</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>1741665</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>2804235</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>449859</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>992864</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>1428963</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>OGLETREE RESOURCES CORPORATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4415 ELECTRIC ROAD</AddressLine1Txt>
            <CityNm>ROANOKE</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>24018</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATIONAL</GrantOrContributionPurposeTxt>
          <Amt>952000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>VIRGINIA TECH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>233 BURRUSS HALL</AddressLine1Txt>
            <CityNm>BLACKSBURG</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>240010079</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>EDUCATIONAL</GrantOrContributionPurposeTxt>
          <Amt>1200000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>2152000</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>8267</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>255182</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReDebtFincdPropGrp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>808466</ExclusionAmt>
        </NetRntlIncmReDebtFincdPropGrp>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>33494</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>271391</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>1376800</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1376800</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>1</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <TransferScheduleDetail>
          <LineNumberTxt>1a(1)</LineNumberTxt>
          <InvolvedAmt>952000</InvolvedAmt>
          <NoncharitableExemptOrgName>
            <BusinessNameLine1Txt>OGLETREE RESOURCES CORPORATION</BusinessNameLine1Txt>
          </NoncharitableExemptOrgName>
          <TransfersTransAndShrArrngmDesc>DONOR</TransfersTransAndShrArrngmDesc>
        </TransferScheduleDetail>
        <RelationshipsNonchrtblEOInd>1</RelationshipsNonchrtblEOInd>
        <RelationshipScheduleDetail>
          <OrganizationBusinessName>
            <BusinessNameLine1Txt>OGLETREE RESOURCES CORPORATION</BusinessNameLine1Txt>
          </OrganizationBusinessName>
          <OrganizationTypeDesc>501(C)(4)</OrganizationTypeDesc>
          <RelationshipDescriptionTxt>SHARE ONE DIRECTOR</RelationshipDescriptionTxt>
        </RelationshipScheduleDetail>
        <RelationshipScheduleDetail>
          <OrganizationBusinessName>
            <BusinessNameLine1Txt>HARVEY W PETERS (VA) HOLDING CORPORATION</BusinessNameLine1Txt>
          </OrganizationBusinessName>
          <OrganizationTypeDesc>501(C)(2)</OrganizationTypeDesc>
          <RelationshipDescriptionTxt>AFFILIATED ENTITY</RelationshipDescriptionTxt>
        </RelationshipScheduleDetail>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>EDWARD BECHER VIA</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>6541 TALLWOOD DRIVE</AddressLine1Txt>
          <CityNm>ROANOKE</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>24018</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>180000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>KPMG</CategoryTxt>
        <Amt>40000</Amt>
        <NetInvestmentIncomeAmt>36000</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>OTHER ACCOUNTING FEES</CategoryTxt>
        <Amt>19915</Amt>
        <NetInvestmentIncomeAmt>19915</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>TMI ACCOUNTING FEES</CategoryTxt>
        <Amt>46325</Amt>
        <NetInvestmentIncomeAmt>46325</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <ExpenditureResponsibilityStmt documentId="RetDoc2118100001">
      <ExpenditureResponsibilityGrp>
        <BusinessName>
          <BusinessNameLine1Txt>OGLETREE RESOURCES CORPORATION</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>4415 ELECTRIC ROAD</AddressLine1Txt>
          <CityNm>ROANOKE</CityNm>
          <StateAbbreviationCd>VA</StateAbbreviationCd>
          <ZIPCd>24018</ZIPCd>
        </USAddress>
        <GrantDt>2018-10-31</GrantDt>
        <GrantAmt>3157500</GrantAmt>
        <PurposeOfGrantTxt>FINANCIAL ASSISTANCE FOR THE FINANCING AND DEVELOPMENT OF MONROE, LOUISIANA CAMPUS OF VCOM.</PurposeOfGrantTxt>
        <ExpendedByGranteeAmt>0</ExpendedByGranteeAmt>
        <AnyDiversionByGranteeTxt>NO</AnyDiversionByGranteeTxt>
        <DatesOfReportsByGranteeTxt>12/31/23</DatesOfReportsByGranteeTxt>
        <VerificationDt>2023-12-31</VerificationDt>
        <ResultsOfVerificationTxt>THE GRANT WAS UTILIZED BY OGLETREE IN PROVIDING FINANCIAL ASSISTANCE FOR THE OVERALL DEVELOPMENT, FINANCING AND CONSTRUCTION OF THE MONROE, LOUISIANA CAMPUS OF THE EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE AS AGREED UPON IN THE EXPENDITURE RESPONSIBILITY AGREEMENT.</ResultsOfVerificationTxt>
      </ExpenditureResponsibilityGrp>
    </ExpenditureResponsibilityStmt>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>CORPORATE STOCK</StockNm>
        <EOYBookValueAmt>11220076</EOYBookValueAmt>
        <EOYFMVAmt>11220076</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>AXON A-2 INVESTORS, LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>159339</BookValueAmt>
        <EOYFMVAmt>159339</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>BMO WEALTH MANAGEMENT</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2541720</BookValueAmt>
        <EOYFMVAmt>2541720</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>IRIDIAN PRIVATE BUSINESS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1198764</BookValueAmt>
        <EOYFMVAmt>1198764</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>OAKTREE GLOBAL</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1043315</BookValueAmt>
        <EOYFMVAmt>1043315</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>1713</LegalFeesAmt>
        <NetInvestmentIncomeAmt>1713</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <MortgagesAndNotesPayableSch documentId="RetDoc2203400001">
      <NotePayableGrp>
        <LenderNameGrp>
          <BusinessName>
            <BusinessNameLine1Txt>HARVEY W PETERS RESEARCH FOUNDATION</BusinessNameLine1Txt>
          </BusinessName>
        </LenderNameGrp>
        <InsiderRelationshipTxt>AFFILIATED ENTITY</InsiderRelationshipTxt>
        <LoanOriginalAmt>4867000</LoanOriginalAmt>
        <BalanceDueAmt>4446880</BalanceDueAmt>
        <NoteDt>2012-12</NoteDt>
        <LoanMaturityDt>2022-12</LoanMaturityDt>
        <RepaymentTermsTxt>INTEREST PAYMENTS DUE MONTHLY; OUTSTANDING PRINCIPAL DUE UPON MATURITY.</RepaymentTermsTxt>
        <InterestRt>7.350000000000</InterestRt>
        <SecurityProvidedBorrowerTxt>NONE</SecurityProvidedBorrowerTxt>
        <LoanPurposeTxt>PROVIDE MONEY TO OGLETREE IN ORDER TO FULFILL ITS EXEMPT PURPOSE.</LoanPurposeTxt>
        <LenderConsiderationDesc>CASH</LenderConsiderationDesc>
        <ConsiderationFMVAmt>4867000</ConsiderationFMVAmt>
      </NotePayableGrp>
      <NotePayableGrp>
        <LenderNameGrp>
          <BusinessName>
            <BusinessNameLine1Txt>ATLANTIC UNION BANK</BusinessNameLine1Txt>
          </BusinessName>
        </LenderNameGrp>
        <InsiderRelationshipTxt>NONE</InsiderRelationshipTxt>
        <LoanOriginalAmt>3150000</LoanOriginalAmt>
        <BalanceDueAmt>3368206</BalanceDueAmt>
        <NoteDt>2016-04</NoteDt>
        <LoanMaturityDt>2026-04</LoanMaturityDt>
        <RepaymentTermsTxt>119 MONTHLY PAYMENTS OF $20,032 AND FINAL INSTALLMENT OF $2,158,208.</RepaymentTermsTxt>
        <InterestRt>2.340000000000</InterestRt>
        <SecurityProvidedBorrowerTxt>DEED ON REAL ESTATE KNOWN AS LOT C KNOLLWOOD &amp; LOT A KNOLLWOOD</SecurityProvidedBorrowerTxt>
        <LoanPurposeTxt>REFINANCE EXISTING REAL ESTATE LOAN AND FINANCE IMPROVEMENTS.</LoanPurposeTxt>
        <LenderConsiderationDesc>CASH</LenderConsiderationDesc>
        <ConsiderationFMVAmt>3150000</ConsiderationFMVAmt>
      </NotePayableGrp>
      <NotePayableGrp>
        <LenderNameGrp>
          <BusinessName>
            <BusinessNameLine1Txt>NATIONAL BANK</BusinessNameLine1Txt>
          </BusinessName>
        </LenderNameGrp>
        <InsiderRelationshipTxt>NONE</InsiderRelationshipTxt>
        <LoanOriginalAmt>8960000</LoanOriginalAmt>
        <BalanceDueAmt>8081475</BalanceDueAmt>
        <NoteDt>2009-10</NoteDt>
        <LoanMaturityDt>2035-11</LoanMaturityDt>
        <RepaymentTermsTxt>JUNE 1, 2021 - 120 MONTHLY PRINCIPAL AND INTEREST PAYMENTS OF $49,692.</RepaymentTermsTxt>
        <InterestRt>3.000000000000</InterestRt>
        <SecurityProvidedBorrowerTxt>DEED OF TRUST ON VE HOLDINGS LLC RESEARCH BUILDING</SecurityProvidedBorrowerTxt>
        <LoanPurposeTxt>PAY DOWN BMO LINE OF CREDIT AND FINANCE VE HOLDINGS LLC CONSTRUCTION COSTS</LoanPurposeTxt>
        <LenderConsiderationDesc>CASH</LenderConsiderationDesc>
        <ConsiderationFMVAmt>8960000</ConsiderationFMVAmt>
      </NotePayableGrp>
    </MortgagesAndNotesPayableSch>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>ACCRUED INTEREST RECEIVABLE</Desc>
        <BOYBookValueAmt>14252</BOYBookValueAmt>
        <EOYBookValueAmt>0</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>DIVIDEND &amp; INTEREST RECEIVABLE</Desc>
        <BOYBookValueAmt>6808</BOYBookValueAmt>
        <EOYBookValueAmt>10059</EOYBookValueAmt>
        <EOYFMVAmt>10059</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>FEDERAL EXCISE TAX RECEIVABLE</Desc>
        <BOYBookValueAmt>3149</BOYBookValueAmt>
        <EOYBookValueAmt>6166</EOYBookValueAmt>
        <EOYFMVAmt>6166</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>INTEREST RECEIVABLE - HWPRF</Desc>
        <BOYBookValueAmt>117916</BOYBookValueAmt>
        <EOYBookValueAmt>146216</EOYBookValueAmt>
        <EOYFMVAmt>146216</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>RIGHT TO USE ASSET</Desc>
        <BOYBookValueAmt>2081389</BOYBookValueAmt>
        <EOYBookValueAmt>2058708</EOYBookValueAmt>
        <EOYFMVAmt>2058708</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>LEASE RECEIVABLE</Desc>
        <BOYBookValueAmt>163345</BOYBookValueAmt>
        <EOYBookValueAmt>145362</EOYBookValueAmt>
        <EOYFMVAmt>145362</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>ROUNDING</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>-3</EOYBookValueAmt>
        <EOYFMVAmt>-3</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>ADMINISTRATIVE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>138209</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>138209</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>AMORTIZATION EXPENSE - RENTAL</Desc>
        <RevenueAndExpensesPerBooksAmt>5484</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5484</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK SERVICE CHARGE</Desc>
        <RevenueAndExpensesPerBooksAmt>45</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>45</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CUSTODIAN FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>3462</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3462</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FOREIGN CONVERSION EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>120</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>120</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE - RENTAL</Desc>
        <RevenueAndExpensesPerBooksAmt>13996</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>13996</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>215431</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>215431</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>LAND LEASE PAYMENT - RENTAL</Desc>
        <RevenueAndExpensesPerBooksAmt>87161</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>87161</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>LANDSCAPING FEES - RENTAL</Desc>
        <RevenueAndExpensesPerBooksAmt>24298</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>24298</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MAINTENANCE EXPENSE - RENTAL</Desc>
        <RevenueAndExpensesPerBooksAmt>58148</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>58148</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MANAGEMENT FEES - RENTAL</Desc>
        <RevenueAndExpensesPerBooksAmt>10427</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>10427</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>69426</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>69426</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OUTSIDE CONTRACT SERVICES</Desc>
        <RevenueAndExpensesPerBooksAmt>3458</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3458</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PROFESSIONAL FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>6917</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6917</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES - RENTAL</Desc>
        <RevenueAndExpensesPerBooksAmt>9638</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>9638</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES/RENT EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>154</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>154</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>INTEREST-HARVEY W PETERS RESEARCH FOUNDATION LOAN</Desc>
        <RevenueAndExpensesPerBooksAmt>28300</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>28300</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>INTEREST-BLUEFIELD LOAN</Desc>
        <RevenueAndExpensesPerBooksAmt>5194</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5194</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAIN</Desc>
        <Amt>2521243</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>OTHER INCREASES</Desc>
        <Amt>166</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilitiesDetail>
        <Desc>UNEARNED RENTAL INCOME</Desc>
        <BOYBookValueAmt>56629</BOYBookValueAmt>
        <EOYBookValueAmt>56629</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>LEASE LIABILITY</Desc>
        <BOYBookValueAmt>2081389</BOYBookValueAmt>
        <EOYBookValueAmt>2058708</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>2777</Amt>
        <NetInvestmentIncomeAmt>2777</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>REAL ESTATE TAXES</CategoryTxt>
        <Amt>8139</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAXES</CategoryTxt>
        <Amt>10948</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>