﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2023v5.1" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2024-10-21T19:30:10-07:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>371420474</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Fontanello Duffield &amp; Otake LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>44 Montgomery Street Suite 1305</AddressLine1Txt>
        <CityNm>San Francisco</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>94104</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>911816164</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>KahleAustin Foundation</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>KAHL</BusinessNameControlTxt>
      <PhoneNum>4159318766</PhoneNum>
      <USAddress>
        <AddressLine1Txt>319 Main Street</AddressLine1Txt>
        <CityNm>Biddeford</CityNm>
        <StateAbbreviationCd>ME</StateAbbreviationCd>
        <ZIPCd>04005</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Brewster L Kahle</PersonNm>
      <PersonTitleTxt>Pres &amp; Tres</PersonTitleTxt>
      <SignatureDt>2024-10-21</SignatureDt>
      <DiscussWithPaidPreparerInd>false</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>Erik Satow</PreparerPersonNm>
      <PTIN>P01410341</PTIN>
      <PhoneNum>4159830200</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-10-15 13:58:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="12">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="23017517" softwareVersionNum="2023v5.1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>147121537</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>11450</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>11450</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>2204697</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>2204697</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-4064068</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>131078870</GrossSalesPriceAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSchedule2">414988</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>22682</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>-1432933</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>2238829</TotalNetInvstIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSchedule">138343</LegalFeesRevAndExpnssAmt>
        <LegalFeesDsbrsChrtblAmt>138343</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">32995</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesChrtblPrpsAmt>32995</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">603406</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>603406</OtherProfFeesNetInvstIncmAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="DepreciationSchedule">62722</DeprecAndDpltnRevAndExpnssAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">35017</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>2490</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>872483</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>603406</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>173828</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>5600000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>5600000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>6472483</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>603406</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>5773828</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-7905416</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>1635423</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>241558</CashBOYAmt>
        <CashEOYAmt>365450</CashEOYAmt>
        <CashEOYFMVAmt>365450</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>2542462</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>1785378</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>1785378</SavAndTempCashInvstEOYFMVAmt>
        <AcctRcvblAmt>17809</AcctRcvblAmt>
        <AcctRcvblBOYAmt>17540</AcctRcvblBOYAmt>
        <AcctRcvblEOYAmt>17809</AcctRcvblEOYAmt>
        <AcctRcvblEOYFMVAmt>17809</AcctRcvblEOYFMVAmt>
        <OtherNtsAndLoansRcvblAmt>561205</OtherNtsAndLoansRcvblAmt>
        <OtherNtsAndLoansRcvblBOYAmt>505890</OtherNtsAndLoansRcvblBOYAmt>
        <OtherNtsAndLoansRcvblEOYAmt referenceDocumentId="OtherNotesLoansReceviableLongS">561205</OtherNtsAndLoansRcvblEOYAmt>
        <OtherNtsAndLoansRcvblEOYFMVAmt>561205</OtherNtsAndLoansRcvblEOYFMVAmt>
        <PrepaidExpensesBOYAmt>999827</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>678771</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>678771</PrepaidExpensesEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>39409563</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt referenceDocumentId="InvestmentsGovtObligationsSche">36902089</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>36902089</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>38633998</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestmentsCorpStockSchedule">44349328</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>44349328</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>10927198</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="InvestmentsCorpBondsSchedule">6954692</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>6954692</CorporateBondsEOYFMVAmt>
        <OtherInvestmentsBOYAmt>42650102</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="InvestmentsOtherSchedule2">55506815</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>55506815</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>135928138</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>147121537</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>147121537</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>32637</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>86975</AccountsPayableEOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="OtherLiabilitiesSchedule">1350000</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>32637</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>1436975</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>135895501</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>145684562</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>135895501</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>145684562</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>135928138</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>147121537</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>135895501</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-7905416</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSchedule">17694477</OtherIncreasesAmt>
        <SubtotalAmt>145684562</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>145684562</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Sale of Publicly Traded Securites</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2000-01-01</AcquiredDt>
          <SoldDt>2023-12-31</SoldDt>
          <GrossSalesPriceAmt>131078870</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>135142938</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4064068</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4064068</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-4064068</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>22732</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>22732</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>22732</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>63784</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>63784</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <OverpaymentAmt>41052</OverpaymentAmt>
        <AppliedToESTaxAmt>41052</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>WA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>true</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>PGM Accounting LLC</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>4159318766</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>319 Main Street</AddressLine1Txt>
          <CityNm>Biddeford</CityNm>
          <StateAbbreviationCd>ME</StateAbbreviationCd>
          <ZIPCd>04005</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Brewster L Kahle</PersonNm>
          <USAddress>
            <AddressLine1Txt>319 Main Street</AddressLine1Txt>
            <CityNm>Biddeford</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04005</ZIPCd>
          </USAddress>
          <TitleTxt>Chairman</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Mary K Austin</PersonNm>
          <USAddress>
            <AddressLine1Txt>319 Main Street</AddressLine1Txt>
            <CityNm>Biddeford</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04005</ZIPCd>
          </USAddress>
          <TitleTxt>Co-Chair/Sect'y</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Jeff Ubois</PersonNm>
          <USAddress>
            <AddressLine1Txt>319 Main Street</AddressLine1Txt>
            <CityNm>Biddeford</CityNm>
            <StateAbbreviationCd>ME</StateAbbreviationCd>
            <ZIPCd>04005</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>Morgan Stanley Private Wealth Management</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>2725 Sand Hill Road Suite 100</AddressLine1Txt>
            <CityNm>Menlo Park</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94025</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>Investment Mgmt</ServiceTypeTxt>
          <CompensationAmt>603406</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>114144897</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>17421396</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>131566293</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>131566293</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1973494</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>129592799</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>6479640</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>6479640</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>22732</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>22732</TotalTaxAmt>
        <DistributableBeforeAdjAmt>6456908</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>6456908</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>6456908</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>5773828</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>5773828</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>6456908</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr4Amt>13196436</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>1363117</ExcessDistributionCyovYr3Amt>
        <TotalExcessDistributionCyovAmt>14559553</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>5773828</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>5773828</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>683080</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>683080</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>13876473</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>13876473</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>12513356</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>1363117</ExcessFromYear3Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>Brewster L Kahle</ContributingManagerNm>
        <ContributingManagerNm>Mary K Austin</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Fidelity Charitable Gift Fund</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 770001</AddressLine1Txt>
            <CityNm>Cincinnati</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>45277</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General Support</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Open Library of Canada</RecipientPersonNm>
          <RecipientForeignAddress>
            <AddressLine1Txt>40 King Street West Suite 5800</AddressLine1Txt>
            <CityNm>Toronto</CityNm>
            <ProvinceOrStateNm>Ontario</ProvinceOrStateNm>
            <CountryCd>CA</CountryCd>
            <ForeignPostalCd>M5H 3S1</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General Support</GrantOrContributionPurposeTxt>
          <Amt>5500000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>5600000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>11450</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>2204697</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>297057</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-4064068</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>Other Invest. Income</Desc>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>22682</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>-1528182</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>-1528182</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <AccountingFeesDetail>
        <CategoryTxt>Auditing and Tax Services</CategoryTxt>
        <Amt>32995</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>32995</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="InvestmentsCorpBondsSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <InvestmentsCorporateBondsGrp>
        <BondNm>Accrued Interest</BondNm>
        <EOYBookValueAmt>268118</EOYBookValueAmt>
        <EOYFMVAmt>268118</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Cisco Sys 3.625% 3/4/2024</BondNm>
        <EOYBookValueAmt>498370</EOYBookValueAmt>
        <EOYFMVAmt>498370</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Bank of America 4.0% 4/1/24</BondNm>
        <EOYBookValueAmt>996135</EOYBookValueAmt>
        <EOYFMVAmt>996135</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>JP Morgan 3.625% 5/13/2024</BondNm>
        <EOYBookValueAmt>1192494</EOYBookValueAmt>
        <EOYFMVAmt>1192494</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Walmart 2.85% 7/8/2024</BondNm>
        <EOYBookValueAmt>493883</EOYBookValueAmt>
        <EOYFMVAmt>493883</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Walt Disney Co 1.75% 8/30/24</BondNm>
        <EOYBookValueAmt>585906</EOYBookValueAmt>
        <EOYFMVAmt>585906</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>US Bancorp 3.6% 9/11/24</BondNm>
        <EOYBookValueAmt>987440</EOYBookValueAmt>
        <EOYFMVAmt>987440</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Walmart 3.3% 4/22/2024</BondNm>
        <EOYBookValueAmt>496703</EOYBookValueAmt>
        <EOYFMVAmt>496703</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Microsoft 2.7% 2/12/2025</BondNm>
        <EOYBookValueAmt>489583</EOYBookValueAmt>
        <EOYFMVAmt>489583</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Apple Inc 1.125% 5/11/2025</BondNm>
        <EOYBookValueAmt>477125</EOYBookValueAmt>
        <EOYFMVAmt>477125</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>Johnson &amp; Johnson 0.55% 9/1/2025</BondNm>
        <EOYBookValueAmt>468935</EOYBookValueAmt>
        <EOYFMVAmt>468935</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <InvestmentsCorporateStockGrp>
        <StockNm>Berkshire Hathaway CL B, 12,450 Sh</StockNm>
        <EOYBookValueAmt>4440417</EOYBookValueAmt>
        <EOYFMVAmt>4440417</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Visa Inc, 12,010 Sh</StockNm>
        <EOYBookValueAmt>3126804</EOYBookValueAmt>
        <EOYFMVAmt>3126804</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Alphabet Inc CL C, 21,000 Sh</StockNm>
        <EOYBookValueAmt>2959530</EOYBookValueAmt>
        <EOYFMVAmt>2959530</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Merck &amp; Co, 24,100 Sh</StockNm>
        <EOYBookValueAmt>2627382</EOYBookValueAmt>
        <EOYFMVAmt>2627382</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Amazon Inc, 2,000 Sh</StockNm>
        <EOYBookValueAmt>303880</EOYBookValueAmt>
        <EOYFMVAmt>303880</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Microsoft Corp, 11,200 Sh</StockNm>
        <EOYBookValueAmt>4211648</EOYBookValueAmt>
        <EOYFMVAmt>4211648</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Union Pacific Corp, 10,000 Sh</StockNm>
        <EOYBookValueAmt>2456200</EOYBookValueAmt>
        <EOYFMVAmt>2456200</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Johnson &amp; Johnson, 12,800 Sh</StockNm>
        <EOYBookValueAmt>2006272</EOYBookValueAmt>
        <EOYFMVAmt>2006272</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Mastercard Inc, 6,900 Sh</StockNm>
        <EOYBookValueAmt>2942919</EOYBookValueAmt>
        <EOYFMVAmt>2942919</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JPMorgan, 8,300 Sh</StockNm>
        <EOYBookValueAmt>1411830</EOYBookValueAmt>
        <EOYFMVAmt>1411830</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Simon PPTY, 24,600</StockNm>
        <EOYBookValueAmt>1362212</EOYBookValueAmt>
        <EOYFMVAmt>1362212</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Advanced Micro Devices (AMD), 36,800 Sh</StockNm>
        <EOYBookValueAmt>5424688</EOYBookValueAmt>
        <EOYFMVAmt>5424688</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Bristol Myers Squibb Co (BMY), 18,400 Sh</StockNm>
        <EOYBookValueAmt>944104</EOYBookValueAmt>
        <EOYFMVAmt>944104</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Emerson Electric Co (EMR), 33,000 Sh</StockNm>
        <EOYBookValueAmt>3211890</EOYBookValueAmt>
        <EOYFMVAmt>3211890</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Nvidia Corporation, 4,500 Sh</StockNm>
        <EOYBookValueAmt>2228490</EOYBookValueAmt>
        <EOYFMVAmt>2228490</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Oracle Corp, 12,500 Sh</StockNm>
        <EOYBookValueAmt>1317875</EOYBookValueAmt>
        <EOYFMVAmt>1317875</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Pfizer Inc, 31,900 Sh</StockNm>
        <EOYBookValueAmt>918401</EOYBookValueAmt>
        <EOYFMVAmt>918401</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UnitedHealth GP Inc, 4,650</StockNm>
        <EOYBookValueAmt>2448086</EOYBookValueAmt>
        <EOYFMVAmt>2448086</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GoodRx Holdings, 1,000 Sh</StockNm>
        <EOYBookValueAmt>6700</EOYBookValueAmt>
        <EOYFMVAmt>6700</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsGovtObligationsSch documentId="InvestmentsGovtObligationsSche" softwareId="23017517" softwareVersionNum="2023v5.1">
      <USGovtObligationsBookVlEOYAmt>36902089</USGovtObligationsBookVlEOYAmt>
      <USGovtObligationsEOYFMVAmt>36902089</USGovtObligationsEOYFMVAmt>
    </InvestmentsGovtObligationsSch>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="23017517" softwareVersionNum="2023v5.1">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Open Library of San Francisco</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>7039596</BookValueAmt>
        <EOYFMVAmt>7039596</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Spring Free EV Inc</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>561000</BookValueAmt>
        <EOYFMVAmt>561000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Folia Water Global</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>150000</BookValueAmt>
        <EOYFMVAmt>150000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Federated Hermes Govt 126,432.18 Sh</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>6577037</BookValueAmt>
        <EOYFMVAmt>6577037</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>iShares Core S&amp;P, 65,500 Sh</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>6818550</BookValueAmt>
        <EOYFMVAmt>6818550</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Private Equity Investments</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>14293884</BookValueAmt>
        <EOYFMVAmt>14293884</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Invesco S&amp;P 500 Equal Weight E, 35,900 S</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>5665020</BookValueAmt>
        <EOYFMVAmt>5665020</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>IShares MSCI ACWI ETF, 32,200 Sh</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3276993</BookValueAmt>
        <EOYFMVAmt>3276993</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>IShares MSCI ACWI EX US ETF, 115,000</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>5869600</BookValueAmt>
        <EOYFMVAmt>5869600</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Federated Hermes Govt 5,255,136 Sh</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>5255135</BookValueAmt>
        <EOYFMVAmt>5255135</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <LegalFeesGrp>
        <CategoryTxt>Legal Fees</CategoryTxt>
        <LegalFeesAmt>138343</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>138343</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherExpensesScheduleGrp>
        <Desc>Dues &amp; Subscriptions</Desc>
        <RevenueAndExpensesPerBooksAmt>1132</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1132</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Filing Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>25</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Insurance</Desc>
        <RevenueAndExpensesPerBooksAmt>683</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>683</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Licenses</Desc>
        <RevenueAndExpensesPerBooksAmt>650</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>650</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Rental Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>32527</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherIncomeDetail>
        <Desc>Other Invest. Income</Desc>
        <RevenueAndExpensesPerBooksAmt>22682</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>22682</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>Rental Income - Noninvestment Property</Desc>
        <RevenueAndExpensesPerBooksAmt>392306</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="OtherLiabilitiesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherLiabilitiesDetail>
        <Desc>Unsettled Trades</Desc>
        <EOYBookValueAmt>1350000</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherNotesLoansRcvblLongSch documentId="OtherNotesLoansReceviableLongS" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherNotesLoansRcvblLongGrp>
        <BorrowerNameGrp>
          <PersonNm>Spring Free EV Inc</PersonNm>
        </BorrowerNameGrp>
        <InsiderRelationshipTxt>N/A</InsiderRelationshipTxt>
        <BalanceDueAmt>561205</BalanceDueAmt>
        <NoteDt>2022-11</NoteDt>
        <LoanMaturityDt>2027-11</LoanMaturityDt>
        <RepaymentTermsTxt>Monthly</RepaymentTermsTxt>
        <InterestRt>10.0000</InterestRt>
        <SecurityProvidedBorrowerTxt>N/A</SecurityProvidedBorrowerTxt>
        <LoanPurposeTxt>Investment</LoanPurposeTxt>
        <LenderConsiderationDesc>N/A</LenderConsiderationDesc>
      </OtherNotesLoansRcvblLongGrp>
    </OtherNotesLoansRcvblLongSch>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="23017517" softwareVersionNum="2023v5.1">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment Management Fees</CategoryTxt>
        <Amt>603406</Amt>
        <NetInvestmentIncomeAmt>603406</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
  </ReturnData>
</Return>