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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ISHARES TR 1 3 YR TREAS BD 464287457 21,597,588 261,567 SH SOLE 0 261,567 0 0
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 156,978,250 2,449,723 SH SOLE 0 2,449,723 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 58,629,657 1,084,730 SH SOLE 0 1,084,730 0 0
VANGUARD SCOTTSDALE FDS SHORT TERM TREAS 92206C102 20,643,780 352,644 SH SOLE 0 352,644 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 403,496,235 675,251 SH SOLE 0 675,251 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 356,434,988 1,111,047 SH SOLE 0 1,111,047 0 0