﻿<?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>2024-11-06T14:18:44-06:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>341912961</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>COHEN &amp; COMPANY LTD</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>OFFICES LISTED AT</AddressLine1Txt>
        <CityNm>WWWCOHENCPACOM</CityNm>
        <StateAbbreviationCd>OH</StateAbbreviationCd>
        <ZIPCd>44115</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>208313839</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>PAUL A SAFFRIN FOUNDATION</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>C/O CATHERINE B EBERL</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>PAUL</BusinessNameControlTxt>
      <PhoneNum>7168481237</PhoneNum>
      <USAddress>
        <AddressLine1Txt>140 PEARL STREET SUITE 100</AddressLine1Txt>
        <CityNm>BUFFALO</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>14202</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>CATHERINE B EBERL</PersonNm>
      <PersonTitleTxt>TRUSTEE</PersonTitleTxt>
      <PhoneNum>7168481404</PhoneNum>
      <SignatureDt>2024-10-30</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>1</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>MARIA T SCAROZZA</PreparerPersonNm>
      <PTIN>P01240837</PTIN>
      <PhoneNum>8002291099</PhoneNum>
      <PreparationDt>2024-10-30</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-10-15 13:58:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="12">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>15323166</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>2675898</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>98325</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>98325</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>194131</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>194131</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-50427</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>8808500</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>0</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>2917927</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>292456</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>45000</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>45000</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002100001">6610</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>1983</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>4627</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">8045</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>4022</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>4023</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">100501</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>100501</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>0</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">10721</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>4221</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">875</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>0</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>875</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>171752</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>155727</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>9525</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>661666</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>661666</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>833418</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>155727</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>671191</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>2084509</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>136729</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashEOYAmt>2</CashEOYAmt>
        <CashEOYFMVAmt>2</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>219303</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>166995</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>166995</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>9044623</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">8325198</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>9214738</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>2823923</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc2018100001">5569951</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>5941431</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>12087849</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>14062146</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>15323166</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>0</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>0</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>12087849</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>14062146</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>12087849</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>14062146</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>12087849</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>14062146</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>12087849</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>2084509</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="RetDoc2049700001">2453</OtherIncreasesAmt>
        <SubtotalAmt>14174811</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc2049800001">112665</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>14062146</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLIC SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>4912849</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5083085</CostOrOtherBasisAmt>
          <GainOrLossAmt>-170236</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-170236</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLIC SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>3749827</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3673268</CostOrOtherBasisAmt>
          <GainOrLossAmt>76559</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>76559</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLIC SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>10252</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10246</CostOrOtherBasisAmt>
          <GainOrLossAmt>6</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLIC SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>49</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>50</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLIC SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>122995</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>92278</CostOrOtherBasisAmt>
          <GainOrLossAmt>30717</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>30717</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>APPOLO EDUCATION CLASS ACTION PAYMENT</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>79</GrossSalesPriceAmt>
          <GainOrLossAmt>79</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>79</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MICROCHIP TECHNOLOGIES SECURITIES LITIGATION</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>37</GrossSalesPriceAmt>
          <GainOrLossAmt>37</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>37</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAINS DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>12412</GrossSalesPriceAmt>
          <GainOrLossAmt>12412</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>12412</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-50427</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>1901</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>1901</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>1901</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>10451</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>10451</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>8550</OverpaymentAmt>
        <AppliedToESTaxAmt>8550</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>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd referenceDocumentId="RetDoc2089200001">1</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>CATHERINE B EBERL</IndividualWithBooksNm>
        <PhoneNum>7168481237</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>THE GUARANTY BUILDING 140 PEARL ST</AddressLine1Txt>
          <AddressLine2Txt>STE 100</AddressLine2Txt>
          <CityNm>BUFFALO</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>142024040</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>1</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>0</ActsFailToQlfyAsExceptionsInd>
        <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>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PAUL A SAFFRIN</PersonNm>
          <USAddress>
            <AddressLine1Txt>73 GRAYSTONE LANE</AddressLine1Txt>
            <CityNm>ORCHARD PARK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>14127</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>10.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>35000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>GREGORY M WARD</PersonNm>
          <USAddress>
            <AddressLine1Txt>5 RIDGEMONT CT</AddressLine1Txt>
            <CityNm>DEARBORN</CityNm>
            <StateAbbreviationCd>MI</StateAbbreviationCd>
            <ZIPCd>48124</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>10000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CATHERINE B EBERL</PersonNm>
          <USAddress>
            <AddressLine1Txt>THE GUARANTY BUILDING 140 PEARL ST</AddressLine1Txt>
            <AddressLine2Txt>STE 100</AddressLine2Txt>
            <CityNm>BUFFALO</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>142024040</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</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>8565864</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>416131</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>4090479</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>13072474</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>13072474</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>196087</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>12876387</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>643819</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>643819</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1901</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1901</TotalTaxAmt>
        <DistributableBeforeAdjAmt>641918</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>641918</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>641918</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>671191</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>671191</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>641918</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>587337</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <TotalExcessDistributionCyovAmt>0</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>671191</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>587337</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>83854</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>0</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>558064</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>0</ExcessDistriCyovToNextYrAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DAEMEN COLLEGE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4380 MAIN STREET</AddressLine1Txt>
            <CityNm>AMHERST</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>14226</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>250000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MAKE A WISH WESTERN NEW YORK</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>100 SYLVAN PARKWAY SUITE 101</AddressLine1Txt>
            <CityNm>AMHERST</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>14228</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ORCHARD PARK YOUTH RUGBY CLUB INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>7150 GARTMAN RD</AddressLine1Txt>
            <CityNm>ORCHARD PARK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>14127</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>501(C)(3)</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>15000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PUNT PEDIATRIC CANCER COLLABORATIVE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>505 ELICOTT STREET</AddressLine1Txt>
            <CityNm>BUFFALO</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>14203</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>VISUALLY IMPAIRED ADVANCEMENT</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1170 MAIN STREET</AddressLine1Txt>
            <CityNm>BUFFALO</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>14209</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>RIVIERA THEATRE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>67 WEBSTER STREET</AddressLine1Txt>
            <CityNm>NORTH TONAWANDA</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>14120</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SOUTH BUFFALO CATHOLIC NOTRE DAME ACADEMY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1125 ABBOTT RD</AddressLine1Txt>
            <CityNm>BUFFALO</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>14220</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>GENERAL</GrantOrContributionPurposeTxt>
          <Amt>166666</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>661666</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>98325</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>194131</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-50427</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>242029</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>242029</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</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>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>COLLEEN A CRANE 2007 CHARITABLE LEAD TRUST</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>140 PEARL STREET SUITE 100</AddressLine1Txt>
          <CityNm>BUFFALO</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>14202</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>53963</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>JAMES D CRANE JR 2007 CHARITABLE LEAD TRUST</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>140 PEARL STREET SUITE 100</AddressLine1Txt>
          <CityNm>BUFFALO</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>14202</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>107928</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>3</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>CAROLE E SAFFRIN 2007 CHARITABLE LEAD TRUST</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>140 PEARL STREET SUITE 100</AddressLine1Txt>
          <CityNm>BUFFALO</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>14202</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>107928</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>4</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>COLLEEN A CRANE 2007 CHARITABLE REMAINDER UNITRUST</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>140 PEARL STREET SUITE 100</AddressLine1Txt>
          <CityNm>BUFFALO</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>142024040</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>2406042</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>5</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>COLLEEN A CRANE 2007 CHARITABLE REMAINDER UNITRUST</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>140 PEARL STREET SUITE 100</AddressLine1Txt>
          <CityNm>BUFFALO</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>142024040</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>37</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>4</ContributorNum>
        <NoncashPropertyDesc>21,977 SHARES OF CLASS B UNITS IN COOPER MERIDIAN LLC</NoncashPropertyDesc>
        <FairMarketValueAmt>2406042</FairMarketValueAmt>
        <ReceivedDt>2023-10-01</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING FEES</CategoryTxt>
        <Amt>8045</Amt>
        <NetInvestmentIncomeAmt>4022</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>4023</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>AGL CAPITAL CORP</StockNm>
        <EOYBookValueAmt>14838</EOYBookValueAmt>
        <EOYFMVAmt>14618</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AGL CAPITAL CORP</StockNm>
        <EOYBookValueAmt>50322</EOYBookValueAmt>
        <EOYFMVAmt>48130</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALPHABET INC SHS CL A</StockNm>
        <EOYBookValueAmt>142253</EOYBookValueAmt>
        <EOYFMVAmt>184111</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ALTRIA GROUP INC</StockNm>
        <EOYBookValueAmt>15004</EOYBookValueAmt>
        <EOYFMVAmt>14976</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMAZON COM INC COM</StockNm>
        <EOYBookValueAmt>133359</EOYBookValueAmt>
        <EOYFMVAmt>173212</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMERICAN ELECTRIC POWER</StockNm>
        <EOYBookValueAmt>50494</EOYBookValueAmt>
        <EOYFMVAmt>42759</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMERICAN MUN PWR OHIO</StockNm>
        <EOYBookValueAmt>16848</EOYBookValueAmt>
        <EOYFMVAmt>15929</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ANHEUSER-BUSCH INBEV WOR</StockNm>
        <EOYBookValueAmt>26969</EOYBookValueAmt>
        <EOYFMVAmt>23839</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ANHEUSER-BUSCH INBEV WOR</StockNm>
        <EOYBookValueAmt>29720</EOYBookValueAmt>
        <EOYFMVAmt>29651</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>APPLE INC</StockNm>
        <EOYBookValueAmt>238294</EOYBookValueAmt>
        <EOYFMVAmt>386215</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AT&amp;T INC</StockNm>
        <EOYBookValueAmt>15106</EOYBookValueAmt>
        <EOYFMVAmt>14841</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BANK OF NY MELLON CORP</StockNm>
        <EOYBookValueAmt>40752</EOYBookValueAmt>
        <EOYFMVAmt>36994</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BLACKROCK IN</StockNm>
        <EOYBookValueAmt>120313</EOYBookValueAmt>
        <EOYFMVAmt>148559</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BOEING COMPANY</StockNm>
        <EOYBookValueAmt>129343</EOYBookValueAmt>
        <EOYFMVAmt>156917</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BROADCOM INC</StockNm>
        <EOYBookValueAmt>52772</EOYBookValueAmt>
        <EOYFMVAmt>103811</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BURLINGTON RESOURCES FIN</StockNm>
        <EOYBookValueAmt>12067</EOYBookValueAmt>
        <EOYFMVAmt>11576</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CATERPILLAR FINANCIAL SE</StockNm>
        <EOYBookValueAmt>34910</EOYBookValueAmt>
        <EOYFMVAmt>34658</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CD SALLIE MAE BANK</StockNm>
        <EOYBookValueAmt>47645</EOYBookValueAmt>
        <EOYFMVAmt>48668</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CITIGROUP INC</StockNm>
        <EOYBookValueAmt>78320</EOYBookValueAmt>
        <EOYFMVAmt>66861</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CITIGROUP INC</StockNm>
        <EOYBookValueAmt>51353</EOYBookValueAmt>
        <EOYFMVAmt>49035</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CITIGROUP INC</StockNm>
        <EOYBookValueAmt>29854</EOYBookValueAmt>
        <EOYFMVAmt>29614</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CLEVELAND ELECTRIC ILLUM</StockNm>
        <EOYBookValueAmt>15214</EOYBookValueAmt>
        <EOYFMVAmt>14976</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CONOCO INC</StockNm>
        <EOYBookValueAmt>11475</EOYBookValueAmt>
        <EOYFMVAmt>11154</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CONOCOPHILLIPS</StockNm>
        <EOYBookValueAmt>64439</EOYBookValueAmt>
        <EOYFMVAmt>54955</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CONOCOPHILLIPS</StockNm>
        <EOYBookValueAmt>65417</EOYBookValueAmt>
        <EOYFMVAmt>84035</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>COSTCO WHOLESALE CRP DEL</StockNm>
        <EOYBookValueAmt>183644</EOYBookValueAmt>
        <EOYFMVAmt>238289</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CUMMINS ENGINE CO INC</StockNm>
        <EOYBookValueAmt>11388</EOYBookValueAmt>
        <EOYFMVAmt>10881</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DIGITAL REALTY TRUST LP</StockNm>
        <EOYBookValueAmt>53734</EOYBookValueAmt>
        <EOYFMVAmt>46940</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DN HSBC BANK USA NA</StockNm>
        <EOYBookValueAmt>144309</EOYBookValueAmt>
        <EOYFMVAmt>135048</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DOMINION RESOURCES INC</StockNm>
        <EOYBookValueAmt>17657</EOYBookValueAmt>
        <EOYFMVAmt>16051</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>DOWDUPONT INC</StockNm>
        <EOYBookValueAmt>51545</EOYBookValueAmt>
        <EOYFMVAmt>49641</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EATON CORP</StockNm>
        <EOYBookValueAmt>56811</EOYBookValueAmt>
        <EOYFMVAmt>48445</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ELECTRONIC ARTS INC</StockNm>
        <EOYBookValueAmt>48800</EOYBookValueAmt>
        <EOYFMVAmt>41799</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ELI LILLY &amp; CO</StockNm>
        <EOYBookValueAmt>102104</EOYBookValueAmt>
        <EOYFMVAmt>116001</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ELI LILLY &amp; CO</StockNm>
        <EOYBookValueAmt>52789</EOYBookValueAmt>
        <EOYFMVAmt>51978</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EXXON MOBIL CORP COM</StockNm>
        <EOYBookValueAmt>157120</EOYBookValueAmt>
        <EOYFMVAmt>162567</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FHLMC A8 9607 05 50%2039</StockNm>
        <EOYBookValueAmt>2035</EOYBookValueAmt>
        <EOYFMVAmt>1877</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FHLMC G1 4628 03%2027</StockNm>
        <EOYBookValueAmt>2267</EOYBookValueAmt>
        <EOYFMVAmt>2153</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FHLMC J2 6864 02 50%2028</StockNm>
        <EOYBookValueAmt>1779</EOYBookValueAmt>
        <EOYFMVAmt>1666</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FHLMC J3 0058 03%2029</StockNm>
        <EOYBookValueAmt>10171</EOYBookValueAmt>
        <EOYFMVAmt>9440</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FNMA A5 6076 05 50%2037</StockNm>
        <EOYBookValueAmt>2746</EOYBookValueAmt>
        <EOYFMVAmt>2563</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FNMA G0 3150 05 50%2037</StockNm>
        <EOYBookValueAmt>3114</EOYBookValueAmt>
        <EOYFMVAmt>2875</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FNMA G0 4359 05 50%2038</StockNm>
        <EOYBookValueAmt>2428</EOYBookValueAmt>
        <EOYFMVAmt>2246</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FNMA P852921 06%2036</StockNm>
        <EOYBookValueAmt>7826</EOYBookValueAmt>
        <EOYFMVAmt>7217</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FNMA PAB9549 03%2043</StockNm>
        <EOYBookValueAmt>5774</EOYBookValueAmt>
        <EOYFMVAmt>5416</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FNMA PAD0119 06%2038</StockNm>
        <EOYBookValueAmt>3275</EOYBookValueAmt>
        <EOYFMVAmt>3086</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FNMA PAT2724 03%2043</StockNm>
        <EOYBookValueAmt>5777</EOYBookValueAmt>
        <EOYFMVAmt>5310</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FNMA PBC4492 050 50%2039</StockNm>
        <EOYBookValueAmt>6792</EOYBookValueAmt>
        <EOYFMVAmt>6174</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FNMA PMA2671 03 50%2046</StockNm>
        <EOYBookValueAmt>9350</EOYBookValueAmt>
        <EOYFMVAmt>8221</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FORTUNE BRANDS HOME &amp; SE</StockNm>
        <EOYBookValueAmt>50699</EOYBookValueAmt>
        <EOYFMVAmt>49137</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOLDMAN SACHS GROUP INC</StockNm>
        <EOYBookValueAmt>50985</EOYBookValueAmt>
        <EOYFMVAmt>51443</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOLDMAN SACHS GROUP INC</StockNm>
        <EOYBookValueAmt>20482</EOYBookValueAmt>
        <EOYFMVAmt>19830</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>GOLDMAN SACHS GROUP INC</StockNm>
        <EOYBookValueAmt>50845</EOYBookValueAmt>
        <EOYFMVAmt>50908</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HALLIBURTON CO</StockNm>
        <EOYBookValueAmt>15092</EOYBookValueAmt>
        <EOYFMVAmt>14703</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HEALTH CARE REIT INC</StockNm>
        <EOYBookValueAmt>40014</EOYBookValueAmt>
        <EOYFMVAmt>39973</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HILTON WORLDWIDE</StockNm>
        <EOYBookValueAmt>73389</EOYBookValueAmt>
        <EOYFMVAmt>84672</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HOME DEPOT INC</StockNm>
        <EOYBookValueAmt>105142</EOYBookValueAmt>
        <EOYFMVAmt>121639</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HONEYWELL INTL INC DEL</StockNm>
        <EOYBookValueAmt>45988</EOYBookValueAmt>
        <EOYFMVAmt>58090</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>HSBC HOLDINGS PLC</StockNm>
        <EOYBookValueAmt>15126</EOYBookValueAmt>
        <EOYFMVAmt>14607</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>IBM CORPORATION</StockNm>
        <EOYBookValueAmt>48872</EOYBookValueAmt>
        <EOYFMVAmt>47450</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>INTEL CORP</StockNm>
        <EOYBookValueAmt>45251</EOYBookValueAmt>
        <EOYFMVAmt>44297</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JPMORGAN CHASE &amp; CO</StockNm>
        <EOYBookValueAmt>47129</EOYBookValueAmt>
        <EOYFMVAmt>48040</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JPMORGAN CHASE &amp; CO</StockNm>
        <EOYBookValueAmt>146216</EOYBookValueAmt>
        <EOYFMVAmt>189662</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>JPMORGAN CHASE &amp; CO</StockNm>
        <EOYBookValueAmt>108553</EOYBookValueAmt>
        <EOYFMVAmt>98032</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KANSAS CITY SOUTHERN</StockNm>
        <EOYBookValueAmt>26029</EOYBookValueAmt>
        <EOYFMVAmt>22145</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MCDONALDS CORP COM</StockNm>
        <EOYBookValueAmt>107632</EOYBookValueAmt>
        <EOYFMVAmt>118307</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>METLIFE INC</StockNm>
        <EOYBookValueAmt>17884</EOYBookValueAmt>
        <EOYFMVAmt>17085</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>METROPOLITAN TRANSN AUTH</StockNm>
        <EOYBookValueAmt>17674</EOYBookValueAmt>
        <EOYFMVAmt>15845</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MICROSOFT CORP</StockNm>
        <EOYBookValueAmt>326743</EOYBookValueAmt>
        <EOYFMVAmt>489980</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MORGAN STANLEY</StockNm>
        <EOYBookValueAmt>30940</EOYBookValueAmt>
        <EOYFMVAmt>29104</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NBD BANK NATIONAL ASSOC</StockNm>
        <EOYBookValueAmt>78315</EOYBookValueAmt>
        <EOYFMVAmt>76515</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ORACLE CORP</StockNm>
        <EOYBookValueAmt>25043</EOYBookValueAmt>
        <EOYFMVAmt>24707</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>O'REILLY AUTOMOTIVE INC</StockNm>
        <EOYBookValueAmt>50280</EOYBookValueAmt>
        <EOYFMVAmt>54155</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PALO ALTO NETWORKS INC</StockNm>
        <EOYBookValueAmt>39157</EOYBookValueAmt>
        <EOYFMVAmt>56027</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PARKER HANNIFIN CORP</StockNm>
        <EOYBookValueAmt>133889</EOYBookValueAmt>
        <EOYFMVAmt>173223</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PFIZER INC</StockNm>
        <EOYBookValueAmt>104259</EOYBookValueAmt>
        <EOYFMVAmt>97614</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PROCTER &amp; GAMBLE CO</StockNm>
        <EOYBookValueAmt>61488</EOYBookValueAmt>
        <EOYFMVAmt>58030</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PROGRESSIVE CRP OHIO</StockNm>
        <EOYBookValueAmt>106126</EOYBookValueAmt>
        <EOYFMVAmt>134273</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>PROLOGIS INC</StockNm>
        <EOYBookValueAmt>130740</EOYBookValueAmt>
        <EOYFMVAmt>153695</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>QUEST DIAGNOSTICS PLC</StockNm>
        <EOYBookValueAmt>52587</EOYBookValueAmt>
        <EOYFMVAmt>48637</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>RUTGERS ST UNIV NJ GO</StockNm>
        <EOYBookValueAmt>16100</EOYBookValueAmt>
        <EOYFMVAmt>15284</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SCHLUMBERGER LTD</StockNm>
        <EOYBookValueAmt>77438</EOYBookValueAmt>
        <EOYFMVAmt>86074</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SHERWIN-WILLIAMS CO</StockNm>
        <EOYBookValueAmt>50502</EOYBookValueAmt>
        <EOYFMVAmt>48634</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SOUTHERN CO</StockNm>
        <EOYBookValueAmt>52261</EOYBookValueAmt>
        <EOYFMVAmt>48253</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SPECTRA ENERGY PARTNERS</StockNm>
        <EOYBookValueAmt>50199</EOYBookValueAmt>
        <EOYFMVAmt>49901</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STARBUCKS CORP</StockNm>
        <EOYBookValueAmt>51307</EOYBookValueAmt>
        <EOYFMVAmt>44291</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TEXAS EXCHANGE BANK</StockNm>
        <EOYBookValueAmt>92218</EOYBookValueAmt>
        <EOYFMVAmt>94252</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>THERMO FISHER SCIENTIFIC</StockNm>
        <EOYBookValueAmt>58750</EOYBookValueAmt>
        <EOYFMVAmt>59448</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>THOMSON REUTERS CORP</StockNm>
        <EOYBookValueAmt>15054</EOYBookValueAmt>
        <EOYFMVAmt>14776</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TORONTO DOMINION BANK</StockNm>
        <EOYBookValueAmt>62043</EOYBookValueAmt>
        <EOYFMVAmt>61583</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNION PACIFIC CORP</StockNm>
        <EOYBookValueAmt>135969</EOYBookValueAmt>
        <EOYFMVAmt>143688</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNITEDHEALTH GROUP INC</StockNm>
        <EOYBookValueAmt>161958</EOYBookValueAmt>
        <EOYFMVAmt>164785</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>US TREASURY NOTE</StockNm>
        <EOYBookValueAmt>451256</EOYBookValueAmt>
        <EOYFMVAmt>451254</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>US TRSY INFLATION NTE</StockNm>
        <EOYBookValueAmt>318221</EOYBookValueAmt>
        <EOYFMVAmt>287208</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>USD ENBRIDGE INC</StockNm>
        <EOYBookValueAmt>31683</EOYBookValueAmt>
        <EOYFMVAmt>29610</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>USD THOMSON REUTERS</StockNm>
        <EOYBookValueAmt>52390</EOYBookValueAmt>
        <EOYFMVAmt>48078</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>USD TRANSCANADA PL</StockNm>
        <EOYBookValueAmt>30385</EOYBookValueAmt>
        <EOYFMVAmt>29926</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VENTAS REALITY LP</StockNm>
        <EOYBookValueAmt>20019</EOYBookValueAmt>
        <EOYFMVAmt>19858</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VERIZON COMMUNICATIONS</StockNm>
        <EOYBookValueAmt>100602</EOYBookValueAmt>
        <EOYFMVAmt>100578</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VISA INC CL A SHRS</StockNm>
        <EOYBookValueAmt>135564</EOYBookValueAmt>
        <EOYFMVAmt>165843</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WALMART INC</StockNm>
        <EOYBookValueAmt>125497</EOYBookValueAmt>
        <EOYFMVAmt>140466</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WALT DISNEY COMPANY/THE</StockNm>
        <EOYBookValueAmt>51916</EOYBookValueAmt>
        <EOYFMVAmt>44555</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WASTE MANAGEMENT INC</StockNm>
        <EOYBookValueAmt>47319</EOYBookValueAmt>
        <EOYFMVAmt>40931</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLS FARGO &amp; COMPANY</StockNm>
        <EOYBookValueAmt>30505</EOYBookValueAmt>
        <EOYFMVAmt>28678</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLS FARGO &amp; COMPANY</StockNm>
        <EOYBookValueAmt>20198</EOYBookValueAmt>
        <EOYFMVAmt>19567</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLTOWER INC</StockNm>
        <EOYBookValueAmt>25049</EOYBookValueAmt>
        <EOYFMVAmt>24832</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ZOETIS INC</StockNm>
        <EOYBookValueAmt>119581</EOYBookValueAmt>
        <EOYFMVAmt>146054</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FNMA PBC4407 04%2046</StockNm>
        <EOYBookValueAmt>5244</EOYBookValueAmt>
        <EOYFMVAmt>4712</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AT&amp;T INC</StockNm>
        <EOYBookValueAmt>50012</EOYBookValueAmt>
        <EOYFMVAmt>50012</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SEMPRA ENERGY</StockNm>
        <EOYBookValueAmt>46388</EOYBookValueAmt>
        <EOYFMVAmt>47693</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>VALERA ENERGY CORP</StockNm>
        <EOYBookValueAmt>48271</EOYBookValueAmt>
        <EOYFMVAmt>49334</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>AMPHENOL CORP CL A NEW</StockNm>
        <EOYBookValueAmt>107889</EOYBookValueAmt>
        <EOYFMVAmt>115486</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FERRARI NV</StockNm>
        <EOYBookValueAmt>82276</EOYBookValueAmt>
        <EOYFMVAmt>76147</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>KENVUE INC</StockNm>
        <EOYBookValueAmt>111129</EOYBookValueAmt>
        <EOYFMVAmt>112645</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NETFLIX COM INC</StockNm>
        <EOYBookValueAmt>132403</EOYBookValueAmt>
        <EOYFMVAmt>148012</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>NVIDIA</StockNm>
        <EOYBookValueAmt>120293</EOYBookValueAmt>
        <EOYFMVAmt>204031</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>ROSS STORES INC COM</StockNm>
        <EOYBookValueAmt>50696</EOYBookValueAmt>
        <EOYFMVAmt>56602</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>S&amp;P GLOBAL INC</StockNm>
        <EOYBookValueAmt>134647</EOYBookValueAmt>
        <EOYFMVAmt>143610</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>SEVICENOW INC</StockNm>
        <EOYBookValueAmt>85819</EOYBookValueAmt>
        <EOYFMVAmt>110212</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>TESLA INC</StockNm>
        <EOYBookValueAmt>80799</EOYBookValueAmt>
        <EOYFMVAmt>85974</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UNITED RENTAL INC</StockNm>
        <EOYBookValueAmt>78759</EOYBookValueAmt>
        <EOYFMVAmt>94614</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>WELLTOWER INC</StockNm>
        <EOYBookValueAmt>77296</EOYBookValueAmt>
        <EOYFMVAmt>86653</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>BOSTON SCIENTIFIC CORP</StockNm>
        <EOYBookValueAmt>126408</EOYBookValueAmt>
        <EOYFMVAmt>142791</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES 0-3</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>601935</BookValueAmt>
        <EOYFMVAmt>601720</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES GOLD TR</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>532253</BookValueAmt>
        <EOYFMVAmt>638882</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>MFS INTERNATIONAL DIVERS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>722256</BookValueAmt>
        <EOYFMVAmt>766183</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>INVESCO S AND P MIDCAP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>256846</BookValueAmt>
        <EOYFMVAmt>283041</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>ISHARES CORE U.S.</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>334546</BookValueAmt>
        <EOYFMVAmt>347574</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PACER GLOBAL CASH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>480802</BookValueAmt>
        <EOYFMVAmt>494345</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>PACER US SMALL CAP CASH</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>346914</BookValueAmt>
        <EOYFMVAmt>403644</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>COOPER MERIDAN</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>2294399</BookValueAmt>
        <EOYFMVAmt>2406042</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>6610</LegalFeesAmt>
        <NetInvestmentIncomeAmt>1983</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>4627</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>TIMING DIFFERENCE - PRIOR YEAR DIVIDEND RECEIVED IN 2023</Desc>
        <Amt>1022</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>DIFFERENCE BETWEEN FMV AND COST FOR DONATED STOCK</Desc>
        <Amt>111643</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEE - CHAR 500</Desc>
        <RevenueAndExpensesPerBooksAmt>750</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>125</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>125</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>NONDIVIDEND DISTRIBUTION</Desc>
        <Amt>2453</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MERRILL LYNCH FEES</CategoryTxt>
        <Amt>100501</Amt>
        <NetInvestmentIncomeAmt>100501</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <SubstantialContributorsSch documentId="RetDoc2089200001">
      <SubstantialContributorDetail>
        <PersonNm>SEE ATTACHED SCHEDULE B</PersonNm>
      </SubstantialContributorDetail>
    </SubstantialContributorsSch>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>MERRILL LYNCH - FOREIGN TAXES PAID</CategoryTxt>
        <Amt>4221</Amt>
        <NetInvestmentIncomeAmt>4221</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAXES</CategoryTxt>
        <Amt>6500</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>