The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
VANGUARD INDEX FDS TOTAL STK MKT 922908769 221,383 1,137,395 SH   SOLE   1,137,395 0 0
VANGUARD BD INDEX FDS TOTAL BND MRKT 921937835 109,356 1,240,000 SH   SOLE   1,240,000 0 0
VANGUARD TAX-MANAGED FDS FTSE DEV MKT ETF 921943858 113,054 2,394,705 SH   SOLE   2,394,705 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 45,321 904,425 SH   SOLE   904,425 0 0
BlackRock, Inc. Ishares Global Industrials ETF 464288729 5,032 47,150 SH   SOLE   47,150 0 0
BLACKROCK iShares Global Materials ETF 464288695 5,237 64,330 SH   SOLE   64,330 0 0
BLACKROCK iShares MSCI EAFE Value ETF 464288877 10,006 212,000 SH   SOLE   212,000 0 0
Vanguard Vanguard Value ETF 922908744 10,123 85,100 SH   SOLE   85,100 0 0
Xshares Advisors XTrackers MSCI All China EQU 233051762 5,091 112,960 SH   SOLE   112,960 0 0