﻿<?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>2024-11-15T13:49:52-06:00</ReturnTs>
    <TaxPeriodEndDt>2023-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>450250958</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Eide Bailly LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>800 Nicollet Mall Ste 1300</AddressLine1Txt>
        <CityNm>Minneapolis</CityNm>
        <StateAbbreviationCd>MN</StateAbbreviationCd>
        <ZIPCd>554027033</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2023-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>880327058</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>PWH Educational Foundation Inc</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>PWHE</BusinessNameControlTxt>
      <PhoneNum>2067694910</PhoneNum>
      <USAddress>
        <AddressLine1Txt>111 N Post St Ste 200</AddressLine1Txt>
        <CityNm>Spokane</CityNm>
        <StateAbbreviationCd>WA</StateAbbreviationCd>
        <ZIPCd>99201</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Ryan Leong</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <PhoneNum>2067694910</PhoneNum>
      <SignatureDt>2024-11-15</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>1</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>Deb Nelson CPA</PreparerPersonNm>
      <PTIN>P01264758</PTIN>
      <PhoneNum>6122536500</PhoneNum>
      <PreparationDt>2024-11-14</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2023</TaxYr>
    <BuildTS>2024-10-15 13:58:12Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="9">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>60334450</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>1231996</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>1231996</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-1030999</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>4627696</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>0</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc2001500001">-90945</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>-50833</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>110052</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>1181163</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">15400</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>7700</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>7700</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">354769</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>354769</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>0</OtherProfFeesDsbrsChrtblAmt>
        <InterestRevAndExpnssAmt>19426</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>19426</InterestNetInvstIncmAmt>
        <InterestDsbrsChrtblAmt>0</InterestDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">17680</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>6015</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>4405</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>0</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>4405</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">351</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>0</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>351</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>412031</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>387910</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>12456</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>1710000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>1710000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>2122031</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>387910</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>1722456</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-2011979</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>793253</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>3809740</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>1335248</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>1335248</SavAndTempCashInvstEOYFMVAmt>
        <PrepaidExpensesBOYAmt>43639</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>31974</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>31974</PrepaidExpensesEOYFMVAmt>
        <CorporateStockBOYAmt>37667437</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">45802879</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>45802879</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>13481972</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc2018100001">13164349</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>13164349</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>55002788</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>60334450</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>60334450</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>0</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>0</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>55002788</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>60334450</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>55002788</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>60334450</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>55002788</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>60334450</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>55002788</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-2011979</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="RetDoc2049700001">7343641</OtherIncreasesAmt>
        <SubtotalAmt>60334450</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>60334450</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Publicly Traded Securities - Schwab #5361</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>113414</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>160340</CostOrOtherBasisAmt>
          <GainOrLossAmt>-46926</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-46926</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Publicly Traded Securities - Schwab #5361</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>2398161</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3601810</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1203649</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1203649</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Publicly Traded Securities - Fidelity #7384</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>2100000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1896545</CostOrOtherBasisAmt>
          <GainOrLossAmt>203455</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>203455</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Capital Gains Dividends</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>16121</GrossSalesPriceAmt>
          <GainOrLossAmt>16121</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>16121</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-1030999</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>11026</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>11026</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>11026</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>31974</EstimatedPlusOvpmtIncmTxAmt>
        <ExemptFrgnOrgTaxWthldAtSrceAmt>0</ExemptFrgnOrgTaxWthldAtSrceAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>31974</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <OverpaymentAmt>20948</OverpaymentAmt>
        <AppliedToESTaxAmt>20948</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>1</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>1</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NV</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>WA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd referenceDocumentId="RetDoc2330900001">1</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>Eide Bailly LLP</IndividualWithBooksNm>
        <PhoneNum>5097476154</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>999 W Riverside Ave Ste 101</AddressLine1Txt>
          <CityNm>Spokane</CityNm>
          <StateAbbreviationCd>WA</StateAbbreviationCd>
          <ZIPCd>99201</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Ryan Leong</PersonNm>
          <USAddress>
            <AddressLine1Txt>111 N Post St Suite 200</AddressLine1Txt>
            <CityNm>Spokane</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>99201</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>10.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Tom Gehrig</PersonNm>
          <USAddress>
            <AddressLine1Txt>111 N Post St Suite 200</AddressLine1Txt>
            <CityNm>Spokane</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>99201</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>James R Thomas</PersonNm>
          <USAddress>
            <AddressLine1Txt>111 N Post St Suite 200</AddressLine1Txt>
            <CityNm>Spokane</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>99201</ZIPCd>
          </USAddress>
          <TitleTxt>Treasurer</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Wes Reber Porter</PersonNm>
          <USAddress>
            <AddressLine1Txt>111 N Post St Suite 200</AddressLine1Txt>
            <CityNm>Spokane</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>99201</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Diane Magyary</PersonNm>
          <USAddress>
            <AddressLine1Txt>111 N Post St Suite 200</AddressLine1Txt>
            <CityNm>Spokane</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>99201</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>Fenimore Asset Management</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>384 N Grand Street</AddressLine1Txt>
            <CityNm>Cobleskill</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12043</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>Investment Management</ServiceTypeTxt>
          <CompensationAmt>280045</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>42718341</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>2212415</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>12059289</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>56990045</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>56990045</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>854851</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>56135194</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>2806760</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>2806760</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>11026</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>11026</TotalTaxAmt>
        <DistributableBeforeAdjAmt>2795734</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>2795734</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>2795734</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>1722456</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>1722456</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>2795734</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr4Amt>900023</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>963142</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>867872</ExcessDistributionCyovYr2Amt>
        <TotalExcessDistributionCyovAmt>2731037</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>1722456</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>1722456</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>1073278</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>1073278</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>1657759</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>1657759</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>789887</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>867872</ExcessFromYear2Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>Ryan Leong PWH Educational Foundati</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>111 N Post St Suite 200</AddressLine1Txt>
            <CityNm>Spokane</CityNm>
            <StateAbbreviationCd>WA</StateAbbreviationCd>
            <ZIPCd>99201</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>2067694910</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>Letter of request with financial need information plus two letters of recommendation.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>None</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>None</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Fidelity Gift Fund</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>100 Crosby Parkway</AddressLine1Txt>
            <CityNm>Covington</CityNm>
            <StateAbbreviationCd>KY</StateAbbreviationCd>
            <ZIPCd>41015</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>None</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Charitable contributions to Donor Advised Fund for use at the discretion of the organization.</GrantOrContributionPurposeTxt>
          <Amt>1710000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>1710000</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>1231996</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-1030999</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K-1 CP 2017 Hawthorn Fund I LP</Desc>
          <BusinessCd>531390</BusinessCd>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-4750</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K-1 IPI Partners Fund II</Desc>
          <BusinessCd>531390</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-4208</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-10635</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K-1 RDM Housing Strategies</Desc>
          <BusinessCd>531390</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>-36580</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-161</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K-1 Columbia Pacific Income Fund</Desc>
          <BusinessCd>531390</BusinessCd>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-179</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K-1 Breakthrough Properties Growth Portfolio</Desc>
          <BusinessCd>531390</BusinessCd>
          <UnrelatedBusinessTaxblIncmAmt>676</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-32894</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K-1 Breakthrough Properties Income Portfolio</Desc>
          <BusinessCd>531390</BusinessCd>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-829</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>K-1 CP Industrial Logisitics</Desc>
          <BusinessCd>531390</BusinessCd>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>-1385</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>-40112</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>150164</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>110052</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>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>Accounting Fees</CategoryTxt>
        <Amt>15400</Amt>
        <NetInvestmentIncomeAmt>7700</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7700</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>Pacific Coast Bankers Bancshares</StockNm>
        <EOYBookValueAmt>671025</EOYBookValueAmt>
        <EOYFMVAmt>671025</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Air Prod &amp; Chemicals</StockNm>
        <EOYBookValueAmt>1252635</EOYBookValueAmt>
        <EOYFMVAmt>1252635</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Amphenol Corp</StockNm>
        <EOYBookValueAmt>1598471</EOYBookValueAmt>
        <EOYFMVAmt>1598471</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Analog Devices Inc</StockNm>
        <EOYBookValueAmt>1719530</EOYBookValueAmt>
        <EOYFMVAmt>1719530</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Autozone Inc</StockNm>
        <EOYBookValueAmt>1292805</EOYBookValueAmt>
        <EOYFMVAmt>1292805</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Booking Holdings Inc</StockNm>
        <EOYBookValueAmt>2039652</EOYBookValueAmt>
        <EOYFMVAmt>2039652</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Broadridge Finl Solu</StockNm>
        <EOYBookValueAmt>1620281</EOYBookValueAmt>
        <EOYFMVAmt>1620281</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Brookfield Asset Manag F</StockNm>
        <EOYBookValueAmt>550811</EOYBookValueAmt>
        <EOYFMVAmt>550811</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Brookfield Corp F</StockNm>
        <EOYBookValueAmt>932790</EOYBookValueAmt>
        <EOYFMVAmt>932790</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Brown &amp; Brown Inc</StockNm>
        <EOYBookValueAmt>2028413</EOYBookValueAmt>
        <EOYFMVAmt>2028413</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Carmax Inc</StockNm>
        <EOYBookValueAmt>976517</EOYBookValueAmt>
        <EOYFMVAmt>976517</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>CDW Corporation</StockNm>
        <EOYBookValueAmt>1466214</EOYBookValueAmt>
        <EOYFMVAmt>1466214</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Dollar General Corp</StockNm>
        <EOYBookValueAmt>727333</EOYBookValueAmt>
        <EOYFMVAmt>727333</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EOG Resources Inc</StockNm>
        <EOYBookValueAmt>1167167</EOYBookValueAmt>
        <EOYFMVAmt>1167167</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EXLService Holdings</StockNm>
        <EOYBookValueAmt>1347158</EOYBookValueAmt>
        <EOYFMVAmt>1347158</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Fastenal Co</StockNm>
        <EOYBookValueAmt>1465421</EOYBookValueAmt>
        <EOYFMVAmt>1465421</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Graco Inc</StockNm>
        <EOYBookValueAmt>1381653</EOYBookValueAmt>
        <EOYFMVAmt>1381653</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Heico Corp</StockNm>
        <EOYBookValueAmt>1549035</EOYBookValueAmt>
        <EOYFMVAmt>1549035</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Henry Jack &amp; Assoc</StockNm>
        <EOYBookValueAmt>1307280</EOYBookValueAmt>
        <EOYFMVAmt>1307280</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Idex Corp</StockNm>
        <EOYBookValueAmt>1150683</EOYBookValueAmt>
        <EOYFMVAmt>1150683</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Markel Group Inc</StockNm>
        <EOYBookValueAmt>1845870</EOYBookValueAmt>
        <EOYFMVAmt>1845870</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>McCormick &amp; Co Inc</StockNm>
        <EOYBookValueAmt>1043405</EOYBookValueAmt>
        <EOYFMVAmt>1043405</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Microchip Technology</StockNm>
        <EOYBookValueAmt>1415826</EOYBookValueAmt>
        <EOYFMVAmt>1415826</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Pinnacle Finl Partnr</StockNm>
        <EOYBookValueAmt>1114236</EOYBookValueAmt>
        <EOYFMVAmt>1114236</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Progressive Co Ohio</StockNm>
        <EOYBookValueAmt>2237884</EOYBookValueAmt>
        <EOYFMVAmt>2237884</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Ross Stores Inc</StockNm>
        <EOYBookValueAmt>2369929</EOYBookValueAmt>
        <EOYFMVAmt>2369929</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Southstate Corp</StockNm>
        <EOYBookValueAmt>534146</EOYBookValueAmt>
        <EOYFMVAmt>534146</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Steris PLC F</StockNm>
        <EOYBookValueAmt>1000317</EOYBookValueAmt>
        <EOYFMVAmt>1000317</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Stryker Corp</StockNm>
        <EOYBookValueAmt>1178375</EOYBookValueAmt>
        <EOYFMVAmt>1178375</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>T Rowe Price Group</StockNm>
        <EOYBookValueAmt>748445</EOYBookValueAmt>
        <EOYFMVAmt>748445</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Trane Technologies PLC F</StockNm>
        <EOYBookValueAmt>1542667</EOYBookValueAmt>
        <EOYFMVAmt>1542667</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Vulcan Materials Com</StockNm>
        <EOYBookValueAmt>1316658</EOYBookValueAmt>
        <EOYFMVAmt>1316658</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Waters Corp</StockNm>
        <EOYBookValueAmt>1325151</EOYBookValueAmt>
        <EOYFMVAmt>1325151</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Zebra Technologies</StockNm>
        <EOYBookValueAmt>1735646</EOYBookValueAmt>
        <EOYFMVAmt>1735646</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Valley Bank of Nevada</StockNm>
        <EOYBookValueAmt>450</EOYBookValueAmt>
        <EOYFMVAmt>450</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Community Bancshares</StockNm>
        <EOYBookValueAmt>50000</EOYBookValueAmt>
        <EOYFMVAmt>50000</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>Gadsden Corp</StockNm>
        <EOYBookValueAmt>99000</EOYBookValueAmt>
        <EOYFMVAmt>99000</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc2018100001">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Alger Small Cap Focus Class Z</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>240941</BookValueAmt>
        <EOYFMVAmt>240941</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Jensen Quality Growth Fd CL J</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>229700</BookValueAmt>
        <EOYFMVAmt>229700</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Jensen Quality Value Fund Class J</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>184599</BookValueAmt>
        <EOYFMVAmt>184599</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Vanguard Total Stock Market Index Admiral</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>409547</BookValueAmt>
        <EOYFMVAmt>409547</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Fidelity Enhanced Large Cap Growth ETF</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>221697</BookValueAmt>
        <EOYFMVAmt>221697</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CP Industrial Logistics LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2656683</BookValueAmt>
        <EOYFMVAmt>2656683</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Columbia Pacific Inc FD II</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>4182030</BookValueAmt>
        <EOYFMVAmt>4182030</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CP 2017 Hawthorn Fund LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1015085</BookValueAmt>
        <EOYFMVAmt>1015085</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Breakthrough Properties Growth Portfolio I LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>508069</BookValueAmt>
        <EOYFMVAmt>508069</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>Breakthrough Properties Income Portfolio I LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>331301</BookValueAmt>
        <EOYFMVAmt>331301</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>IPI Partners II LP</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2184697</BookValueAmt>
        <EOYFMVAmt>2184697</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>RDM Housing Strategies LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>1000000</BookValueAmt>
        <EOYFMVAmt>1000000</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>Office Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>351</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>351</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncomeDetail>
        <Desc>K-1 CP 2017 Hawthorn Fund I LP</Desc>
        <RevenueAndExpensesPerBooksAmt>-4750</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-4750</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-4750</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K-1 IPI Partners Fund II</Desc>
        <RevenueAndExpensesPerBooksAmt>-14843</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-10635</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-14843</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K-1 RDM Housing Strategies</Desc>
        <RevenueAndExpensesPerBooksAmt>-36741</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-161</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-36741</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K-1 Columbia Pacific Income Fund</Desc>
        <RevenueAndExpensesPerBooksAmt>-179</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-179</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-179</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K-1 Breakthrough Properties Growth Portfolio</Desc>
        <RevenueAndExpensesPerBooksAmt>-32218</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-32894</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-32218</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K-1 Breakthrough Properties Income Portfolio</Desc>
        <RevenueAndExpensesPerBooksAmt>-829</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-829</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-829</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>K-1 CP Industrial Logisitics</Desc>
        <RevenueAndExpensesPerBooksAmt>-1385</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-1385</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>-1385</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc2049700001">
      <OtherIncreasesDetail>
        <Desc>Investment Valuation Adjustment</Desc>
        <Amt>7343641</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Investment Fees</CategoryTxt>
        <Amt>354769</Amt>
        <NetInvestmentIncomeAmt>354769</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>Excise Tax</CategoryTxt>
        <Amt>11665</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Foreign Tax</CategoryTxt>
        <Amt>6015</Amt>
        <NetInvestmentIncomeAmt>6015</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>