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      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AccountantCompileOrReviewInd>false</AccountantCompileOrReviewInd>
      <FSAuditedInd>true</FSAuditedInd>
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        <SeparateBasisFinclStmtInd>X</SeparateBasisFinclStmtInd>
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      <FederalGrantAuditRequiredInd>false</FederalGrantAuditRequiredInd>
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        <CurrentTaxYearMinus2YearsAmt>139486</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>3381</CurrentTaxYearMinus1YearAmt>
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        <CurrentTaxYearMinus2YearsAmt>466352</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>460806</CurrentTaxYearMinus1YearAmt>
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      <PublicSupportPY170Pct>0.16300</PublicSupportPY170Pct>
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        <FormAndLineReferenceDesc>PART II, LINE 17B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE HUNGARY FOUNDATION MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM OF PUBLIC OUTREACH AND FUNDRAISING DESIGNED TO ENGAGE A BROAD CROSS-SECTION OF THE PUBLIC IN SUPPORT OF ITS EDUCATIONAL AND CULTURAL MISSION. THE FOUNDATION SOLICITS CONTRIBUTIONS THROUGH PUBLIC EVENTS, LECTURES, EDUCATIONAL PROGRAMS, DIGITAL COMMUNICATIONS, SOCIAL MEDIA CAMPAIGNS, NEWSLETTERS, PARTNERSHIPS WITH CULTURAL AND ACADEMIC INSTITUTIONS, AND DIRECT ENGAGEMENT WITH ALUMNI AND SUPPORTERS. THE FOUNDATION IS GOVERNED BY A DIVERSE BOARD OF TRUSTEES COMPOSED OF DISTINGUISHED LEADERS FROM ACADEMIA, DIPLOMACY, BUSINESS, PUBLIC SERVICE, AND THE NONPROFIT SECTOR. THE BOARD REPRESENTS BROAD PUBLIC AND COMMUNITY INTERESTS AND PROVIDES STRATEGIC OVERSIGHT TO ENSURE THE ORGANIZATION FULFILLS ITS CHARITABLE AND EDUCATIONAL PURPOSES FOR THE PUBLIC BENEFIT. THE HUNGARY FOUNDATION PROVIDES EDUCATIONAL, CULTURAL, AND CIVIC PROGRAMMING DIRECTLY BENEFITING THE GENERAL PUBLIC ON A CONTINUING BASIS. ITS ACTIVITIES INCLUDE SCHOLARSHIPS, FELLOWSHIPS, INTERNSHIPS, PUBLIC LECTURES, EXHIBITIONS, CONFERENCES, CULTURAL DIPLOMACY INITIATIVES, HISTORICAL COMMEMORATIONS, DESIGNED TO STRENGTHEN UNDERSTANDING OF HUNGARIAN-AMERICAN RELATIONS AND TRANSATLANTIC CIVIC TRADITIONS. MANY OF THESE PROGRAMS ARE FREE AND OPEN TO THE PUBLIC AND ARE CONDUCTED IN PARTNERSHIP WITH UNIVERSITIES, MUSEUMS, LIBRARIES, CULTURAL INSTITUTIONS, AND CIVIC ORGANIZATIONS IN BOTH THE UNITED STATES AND HUNGARY. THE FOUNDATION'S FUNDRAISING EFFORTS DIRECTLY SUPPORT THE EXPANSION AND CONTINUATION OF ITS CHARITABLE AND EDUCATIONAL ACTIVITIES. CONTRIBUTIONS RAISED BY THE FOUNDATION ARE USED TO SUSTAIN AND GROW ITS PUBLIC PROGRAMMING, EDUCATIONAL EXCHANGES, HISTORIC PRESERVATION INITIATIVES, CULTURAL EVENTS, AND SCHOLARSHIP OPPORTUNITIES, ENSURING THAT THE ORGANIZATION CONTINUES TO SERVE BROAD PUBLIC AND COMMUNITY INTERESTS.</ExplanationTxt>
      </Form990ScheduleAPartVIGrp>
    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="RetDoc2">
      <EquipmentGrp>
        <OtherCostOrOtherBasisAmt>66269</OtherCostOrOtherBasisAmt>
        <DepreciationAmt>65104</DepreciationAmt>
        <BookValueAmt>1165</BookValueAmt>
      </EquipmentGrp>
      <TotalBookValueLandBuildingsAmt>1165</TotalBookValueLandBuildingsAmt>
      <FootnoteTextInd>X</FootnoteTextInd>
      <TotalRevEtcAuditedFinclStmtAmt>3725340</TotalRevEtcAuditedFinclStmtAmt>
      <NetUnrealizedGainsInvstAmt>3288530</NetUnrealizedGainsInvstAmt>
      <RevenueNotReportedAmt>3288530</RevenueNotReportedAmt>
      <RevenueSubtotalAmt>436810</RevenueSubtotalAmt>
      <InvestmentExpensesNotIncldAmt>72673</InvestmentExpensesNotIncldAmt>
      <RevenueNotReportedFinclStmtAmt>72673</RevenueNotReportedFinclStmtAmt>
      <TotalRevenuePerForm990Amt>509483</TotalRevenuePerForm990Amt>
      <TotExpnsEtcAuditedFinclStmtAmt>910325</TotExpnsEtcAuditedFinclStmtAmt>
      <ExpensesSubtotalAmt>910325</ExpensesSubtotalAmt>
      <InvestmentExpensesNotIncld2Amt>72673</InvestmentExpensesNotIncld2Amt>
      <OtherExpensesNotIncludedAmt>106837</OtherExpensesNotIncludedAmt>
      <ExpensesNotRptFinclStmtAmt>179510</ExpensesNotRptFinclStmtAmt>
      <TotalExpensesPerForm990Amt>1089835</TotalExpensesPerForm990Amt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 3, PART X</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FOUNDATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XI, LINE 4B</FormAndLineReferenceDesc>
        <ExplanationTxt>RECOVERY OF PRIOR YEAR GRANTS 0</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XII, LINE 4B</FormAndLineReferenceDesc>
        <ExplanationTxt>RECOVERY OF PRIOR YEAR GRANTS 106,837</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleF documentId="RetDoc6">
      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
      <AccountActivitiesOutsideUSGrp>
        <RegionTxt>EUROPE (INCLUDING ICELAND &amp; GREENLAND)</RegionTxt>
        <TypeOfActivitiesConductedTxt>EDUCATION &amp; RESEARCH</TypeOfActivitiesConductedTxt>
        <SpecificServicesProvidedTxt>FELLOWSHIP PROGRAM</SpecificServicesProvidedTxt>
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      <GrantsToOrgOutsideUSGrp>
        <PurposeOfGrantTxt>CULTURE &amp; ART</PurposeOfGrantTxt>
        <CashGrantAmt>22553</CashGrantAmt>
        <MannerOfCashDisbursementTxt>WIRE</MannerOfCashDisbursementTxt>
      </GrantsToOrgOutsideUSGrp>
      <TransferToForeignCorpInd>false</TransferToForeignCorpInd>
      <InterestInForeignTrustInd>false</InterestInForeignTrustInd>
      <ForeignCorpOwnershipInd>false</ForeignCorpOwnershipInd>
      <PassiveForeignInvestmestCoInd>false</PassiveForeignInvestmestCoInd>
      <ForeignPartnershipInd>false</ForeignPartnershipInd>
      <BoycottCountriesInd>false</BoycottCountriesInd>
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        <FormAndLineReferenceDesc>SCHEDULE F, PAGE 1, PART I, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>FOR GRANTS LESS THAN ONE YEAR, IN ORDER TO BE FUNDED, RECIPIENTS ARE ASKED TO SEND A FINAL NARRATIVE AND FINANCIAL REPORT WITHIN A MONTH OF THE END OF THE GRANT CYCLE. IF MULTI-YEAR, RECIPIENTS ARE REQUIRED TO FILE BOTH OF THESE REPORTS ANNUALLY. ANY CHANGES TO THE PROGRAM BUDGET OVER 20% MUST BE PREAPPROVED BY THE FOUNDATION BEFORE EXPENDITURES ARE MADE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE F, PAGE 1, PART I, LINE 3</FormAndLineReferenceDesc>
        <ExplanationTxt>EUROPE (INCLUDING ICELAND &amp; GREENLAND) 0 0</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE F, PAGE 5, PART V</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BUDAPEST FELLOWSHIP PROGRAM IS A FULL-TIME, FULLY-FUNDED TRANSATLANTIC FELLOWSHIP OPPORTUNITY IN BUDAPEST, HUNGARY, FOR YOUNG AMERICAN SCHOLARS AND PROFESSIONALS.THE GOAL OF THE 10-MONTH PROGRAM IS TO CULTIVATE THE NEXT GENERATION OF AMERICAN POLICY PROFESSIONALS AND EQUIP THEM WITH A THOROUGH UNDERSTANDING OF CENTRAL AND EASTERN EUROPE (CEE) AND HUNGARY.</ExplanationTxt>
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    </IRS990ScheduleF>
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      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>THE FUND FOR AMERICAN STUDIES</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>1706 NEW HAMPSHIRE AVENUE NW</AddressLine1Txt>
          <CityNm>WASHINGTON</CityNm>
          <StateAbbreviationCd>DC</StateAbbreviationCd>
          <ZIPCd>20009</ZIPCd>
        </USAddress>
        <RecipientEIN>136223604</RecipientEIN>
        <IRCSectionDesc>501C3</IRCSectionDesc>
        <CashGrantAmt>75000</CashGrantAmt>
        <PurposeOfGrantTxt>LEADERSHIP TRAINING</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>CALIFORNIA EUROPEAN CULTURAL INITIA</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>524 MORAGA WAY</AddressLine1Txt>
          <CityNm>ORINDA</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94563</ZIPCd>
        </USAddress>
        <RecipientEIN>464227145</RecipientEIN>
        <IRCSectionDesc>501C3</IRCSectionDesc>
        <CashGrantAmt>25000</CashGrantAmt>
        <PurposeOfGrantTxt>ARTS &amp; CULTURE</PurposeOfGrantTxt>
      </RecipientTable>
      <Total501c3OrgCnt>2</Total501c3OrgCnt>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>CONFERENCE SUPPORT</GrantTypeTxt>
        <RecipientCnt>1</RecipientCnt>
        <CashGrantAmt>15534</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>CULTURE AND ART</GrantTypeTxt>
        <RecipientCnt>2</RecipientCnt>
        <CashGrantAmt>65000</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <GrantsOtherAsstToIndivInUSGrp>
        <GrantTypeTxt>EDUCATION AND RESEARCH</GrantTypeTxt>
        <RecipientCnt>4</RecipientCnt>
        <CashGrantAmt>446305</CashGrantAmt>
      </GrantsOtherAsstToIndivInUSGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE I, PAGE 1, PART I, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>FOR GRANTS LESS THAN ONE YEAR, IN ORDER TO BE FUNDED, RECIPIENTS ARE ASKED TO SEND A FINAL NARRATIVE AND FINANCIAL REPORT WITHIN A MONTH OF THE END OF THE GRANT CYCLE. IF MULTI-YEAR, RECIPIENTS ARE REQUIRED TO FILE BOTH OF THESE REPORTS ANNUALLY. ANY CHANGES TO THE PROGRAM BUDGET OVER 20% MUST BE PREAPPROVED BY THE FOUNDATION BEFORE EXPENDITURES ARE MADE.</ExplanationTxt>
      </SupplementalInformationDetail>
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    <IRS990ScheduleO documentId="RetDoc4">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4D</FormAndLineReferenceDesc>
        <ExplanationTxt>ALUMNI PROGRAMS</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION PROVIDES A COPY OF THE FORM 990 TO ALL MEMBERS OF THE BOARD FOR REVIEW PRIOR TO SUBMISSION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>A TRUSTEE OR OFFICER SHALL DISCLOSE A CONFLICT OF INTEREST: (A) PRIOR TO VOTING ON OR OTHERWISE DISCHARGING HIS DUTIES WITH RESPECT TO ANY MATTER INVOLVING THE CONFLICT WHICH COMES BEFORE THE BOARD OR ANY COMMITTEE; (B) PRIOR TO ENTERING INTO ANY CONTRACT OR TRANSACTION INVOLVING THE CONFLICT; (C) AS SOON AS POSSIBLE AFTER THE TRUSTEE OR OFFICER LEARNS OF THE CONFLICT; AND (D) ON THE ANNUAL DISCLOSURE FORM. THE SECRETARY OF THE CORPORATION SHALL DISTRIBUTE ANNUALLY TO ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES (AS IDENTIFIED BY THE CORPORATION), A FORM SOLICITING THE DISCLOSURE OF ALL CONFLICTS OF INTEREST, INCLUDING SPECIFIC INFORMATION CONCERNING THE TERMS OF ANY CONTRACT OR TRANSACTION WITH THE CORPORATION AND WHETHER THE PROCESS FOR APPROVAL SET FORTH IN THIS POLICY WAS USED. SUCH DISCLOSURE FORM MAY REQUIRE DISCLOSURE OF OTHER RELATIONSHIPS THAT MAY NOT CONSTITUTE AN ACTUAL CONFLICT OF INTEREST, BUT WHICH ARE REQUIRED TO BE DISCLOSED IN ORDER FOR THE CORPORATION TO COMPLY WITH ITS ANNUAL REPORTING REQUIREMENTS. THE EXECUTIVE COMMITTEE SHALL REVIEW THE DISCLOSURE STATEMENTS AND ADVISE THE BOARD OF ANY RELEVANT INFORMATION THAT MAY ASSIST THE BOARD'S ACTION WITH RESPECT TO POTENTIAL CONFLICTS OF INTEREST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF TRUSTEES MUST APPROVE IN ADVANCE THE AMOUNT OF ALL COMPENSATION FOR OFFICERS OF THE CORPORATION. BEFORE APPROVING THE COMPENSATION OF AN OFFICER, THE BOARD SHALL DETERMINE THAT THE TOTAL COMPENSATION TO BE PROVIDED BY THE CORPORATION TO THE OFFICER IS REASONABLE IN AMOUNT IN LIGHT OF THE POSITION, RESPONSIBILITY, AND QUALIFICATION OF THE OFFICER FOR THE POSITION HELD, INCLUDING THE RESULT OF AN EVALUATION OF THE OFFICER'S PRIOR PERFORMANCE FOR THE CORPORATION, IF APPLICABLE. IN MAKING THE DETERMINATION, THE BOARD SHALL CONSIDER TOTAL COMPENSATION TO INCLUDE THE SALARY AND THE VALUE OF ALL BENEFITS PROVIDED BY THE CORPORATION TO THE INDIVIDUAL IN PAYMENT FOR SERVICES. AT THE TIME OF THE DISCUSSION AND DECISION CONCERNING AND OFFICER'S COMPENSATION, THE OFFICER SHOULD NOT BE PRESENT IN THE MEETING. THE BOARD SHALL OBTAIN AND CONSIDER APPROPRIATE DARA CONCERNING COMPARABLE COMPENSATION PAID TO SIMILAR OFFICERS IN LIKE CIRCUMSTANCES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF TRUSTEES MUST APPROVE IN ADVANCE THE AMOUNT OF ALL COMPENSATION FOR OFFICERS OF THE CORPORATION. BEFORE APPROVING THE COMPENSATION OF AN OFFICER, THE BOARD SHALL DETERMINE THAT THE TOTAL COMPENSATION TO BE PROVIDED BY THE CORPORATION TO THE OFFICER IS REASONABLE IN AMOUNT IN LIGHT OF THE POSITION, RESPONSIBILITY, AND QUALIFICATION OF THE OFFICER FOR THE POSITION HELD, INCLUDING THE RESULT OF AN EVALUATION OF THE OFFICER'S PRIOR PERFORMANCE FOR THE CORPORATION, IF APPLICABLE. IN MAKING THE DETERMINATION, THE BOARD SHALL CONSIDER TOTAL COMPENSATION TO INCLUDE THE SALARY AND THE VALUE OF ALL BENEFITS PROVIDED BY THE CORPORATION TO THE INDIVIDUAL IN PAYMENT FOR SERVICES. AT THE TIME OF THE DISCUSSION AND DECISION CONCERNING AND OFFICER'S COMPENSATION, THE OFFICER SHOULD NOT BE PRESENT IN THE MEETING. THE BOARD SHALL OBTAIN AND CONSIDER APPROPRIATE DARA CONCERNING COMPARABLE COMPENSATION PAID TO SIMILAR OFFICERS IN LIKE CIRCUMSTANCES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>RECOVERY OF PRIOR YEAR GRANTS 0 RECOVERY OF PRIOR YEAR GRANTS 106,837 TOTAL 106,837</ExplanationTxt>
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</Return>