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        </QualifyingDistributionsGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>926858</CurrentYearAmt>
          <Year1Amt>960417</Year1Amt>
          <Year2Amt>918544</Year2Amt>
          <Year3Amt>789170</Year3Amt>
          <TotalAmt>3594989</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TotalAssetsGrp>
          <CurrentYearAmt>53619207</CurrentYearAmt>
          <Year1Amt>49596026</Year1Amt>
          <Year2Amt>41823013</Year2Amt>
          <Year3Amt>43503736</Year3Amt>
          <TotalAmt>188541982</TotalAmt>
        </TotalAssetsGrp>
        <TotalAssetsSect4942j3BiGrp>
          <CurrentYearAmt>33188418</CurrentYearAmt>
          <Year1Amt>29151014</Year1Amt>
          <Year2Amt>26946218</Year2Amt>
          <Year3Amt>26919740</Year3Amt>
          <TotalAmt>116205390</TotalAmt>
        </TotalAssetsSect4942j3BiGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>638157</CurrentYearAmt>
          <Year1Amt>619389</Year1Amt>
          <Year2Amt>572051</Year2Amt>
          <Year3Amt>634011</Year3Amt>
          <TotalAmt>2463608</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>NONE</ContributingManagerNm>
        <ShareholderManagerNm>NONE</ShareholderManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>PIERRE D HAYWARD</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>4700 LANCASTER PIKE</AddressLine1Txt>
            <CityNm>WILMINGTON</CityNm>
            <StateAbbreviationCd>DE</StateAbbreviationCd>
            <ZIPCd>19807</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>3026587796</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>IN WRITING, CONTAINING AN OUTLINE OF HOW THE FUNDS WILL BE USED</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>N/A</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>N/A</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>174271</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>388080</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>652939</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>1215290</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>1215290</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB-01">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorPersonNm>MARTINA HAYWARD</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>4700 LANCASTER PIKE</AddressLine1Txt>
          <CityNm>Wilmington</CityNm>
          <StateAbbreviationCd>DE</StateAbbreviationCd>
          <ZIPCd>19807</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>10000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <GainLossSaleOtherAssetsSch documentId="GainLossSaleOtherAssetsSch-01">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>PUBLICLY TRADED SECURITIES</AssetDesc>
        <HowAcquiredTxt>Purchased</HowAcquiredTxt>
        <PurchaserNameGrp>
          <PersonNm>ROBERT N DOWNS CONSERVANCY INC</PersonNm>
        </PurchaserNameGrp>
        <GrossSalesPriceAmt>652939</GrossSalesPriceAmt>
        <TotalNetAmt>652939</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <LandEtcSchedule2 documentId="LandEtcSchedule2-01">
      <LandEtcGrp>
        <CategoryOrItemTxt>LAND, BUILDINGS &amp; EQUIP</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>27385249</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3390112</AccumulatedDepreciationAmt>
        <BookValueAmt>23995137</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule-01">
      <OtherExpensesScheduleGrp>
        <Desc>AUTO &amp; GAS</Desc>
        <RevenueAndExpensesPerBooksAmt>33797</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>33797</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>34288</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>34288</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>HEALTH INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>74041</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>74041</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS &amp; MAINT</Desc>
        <RevenueAndExpensesPerBooksAmt>222693</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>222693</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>GROUNDS MAINTENANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>28977</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>28977</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>18579</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>18579</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>45291</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>45291</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherLiabilitiesSchedule documentId="OtherLiabilitiesSchedule-01">
      <OtherLiabilitiesDetail>
        <Desc>SECURITY DEPOSIT</Desc>
        <EOYBookValueAmt>8400</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedu-01">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>JANNEY M SCOTT ASSET MGMT</CategoryTxt>
        <Amt>123092</Amt>
        <NetInvestmentIncomeAmt>123092</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>123092</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>123092</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>WSFS ASSET MGMT</CategoryTxt>
        <Amt>47729</Amt>
        <NetInvestmentIncomeAmt>47729</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>47729</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>47729</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>POWDERMILL ADMINISTRATIVE</CategoryTxt>
        <Amt>19532</Amt>
        <NetInvestmentIncomeAmt>19532</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>19532</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>19532</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>COMPASS REAL ESTATE TENANT PLACEMENT</CategoryTxt>
        <Amt>2100</Amt>
        <NetInvestmentIncomeAmt>2100</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2100</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2100</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule-01">
      <TaxesDetail>
        <CategoryTxt>PAYROLL</CategoryTxt>
        <Amt>18002</Amt>
        <DisbursementsCharitablePrpsAmt>18002</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>REAL ESTATE TAXES</CategoryTxt>
        <Amt>20445</Amt>
        <DisbursementsCharitablePrpsAmt>20445</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAX</CategoryTxt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>