<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2021v4.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2022-11-09T10:37:32-05:00</ReturnTs>
    <TaxPeriodEndDt>2021-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>113090078</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>ZELL &amp; ETTINGER CPA'S</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>3001 AVENUE M</AddressLine1Txt>
        <CityNm>BROOKLYN</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>112104744</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2021-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>264709613</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>CAROLYNE E CZAP AND EUGENE A CZAP</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>CHARITABLE FOUNDATION</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>CARO</BusinessNameControlTxt>
      <PhoneNum>7182531480</PhoneNum>
      <USAddress>
        <AddressLine1Txt>3001 AVENUE M</AddressLine1Txt>
        <CityNm>BROOKLYN</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>11210</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>MARK I ETTINGER</PersonNm>
      <PersonTitleTxt>VICE PRESIDENT</PersonTitleTxt>
      <PhoneNum>7186921212</PhoneNum>
      <SignatureDt>2022-11-08</SignatureDt>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>MARK I</PersonFirstNm>
        <PersonLastNm>ETTINGER</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>DAVID SCHLOSS</PreparerPersonNm>
      <PTIN>P01053382</PTIN>
      <PhoneNum>7186921212</PhoneNum>
      <PreparationDt>2022-11-09</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2021</TaxYr>
    <BuildTS>2022-09-23 18:48:47Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="12">
    <IRS990PF documentId="RetDoc16">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>5870747</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>770</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>770</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>103814</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>103814</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>143111</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>1608721</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>143111</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc10">424</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>424</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>248119</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>248119</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>40000</CompOfcrDirTrstRevAndExpnssAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>40000</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>40000</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>110206</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftDsbrsChrtblAmt>17155</PensionEmplBnftDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc7">1288</LegalFeesRevAndExpnssAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc3">24200</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesChrtblPrpsAmt>24200</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc12">45440</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesDsbrsChrtblAmt>45440</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc13">19603</TaxesRevAndExpnssAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="RetDoc4">23722</DeprecAndDpltnRevAndExpnssAmt>
        <TravConfMeetingRevAndExpnssAmt>200</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingDsbrsChrtblAmt>200</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc8">83526</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>32098</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>388185</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>32098</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>126995</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>165000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>165000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>553185</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>32098</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>291995</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-305066</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>216021</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>-22788</CashBOYAmt>
        <CashEOYAmt>91439</CashEOYAmt>
        <CashEOYFMVAmt>91439</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>1249</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>1249</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>1249</SavAndTempCashInvstEOYFMVAmt>
        <OtherNtsAndLoansRcvblAmt>88445</OtherNtsAndLoansRcvblAmt>
        <OtherNtsAndLoansRcvblBOYAmt>88445</OtherNtsAndLoansRcvblBOYAmt>
        <OtherNtsAndLoansRcvblEOYAmt referenceDocumentId="RetDoc11">88445</OtherNtsAndLoansRcvblEOYAmt>
        <OtherNtsAndLoansRcvblEOYFMVAmt>88445</OtherNtsAndLoansRcvblEOYFMVAmt>
        <OtherInvestmentsBOYAmt>5626811</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="RetDoc5">5689614</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>5689614</OtherInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>73171</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>73171</LandBldgEquipAccumDeprecAmt>
        <TotalAssetsBOYAmt>5693717</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>5870747</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>5870747</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>12686</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>12686</AccountsPayableEOYAmt>
        <GrantsPayableBOYAmt>252000</GrantsPayableBOYAmt>
        <GrantsPayableEOYAmt>112000</GrantsPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>264686</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>124686</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsFASB117Ind>X</OrganizationFollowsFASB117Ind>
        <NoDonorRstrNetAssestsBOYAmt>5429031</NoDonorRstrNetAssestsBOYAmt>
        <NoDonorRstrNetAssestsEOYAmt>5746061</NoDonorRstrNetAssestsEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>5429031</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>5746061</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>5693717</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>5870747</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>5429031</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-305066</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="RetDoc9">622096</OtherIncreasesAmt>
        <SubtotalAmt>5746061</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>5746061</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CHARLES SCHWAB</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>664798</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>662571</CostOrOtherBasisAmt>
          <GainOrLossAmt>2227</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2227</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS 16752</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>502436</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>501850</CostOrOtherBasisAmt>
          <GainOrLossAmt>586</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>586</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS 16752</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>114303</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>101858</CostOrOtherBasisAmt>
          <GainOrLossAmt>12445</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>12445</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS 16752</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>2935</GrossSalesPriceAmt>
          <GainOrLossAmt>2935</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2935</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS 16213</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>52363</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>54315</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1952</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1952</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS 16747</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>38116</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>32281</CostOrOtherBasisAmt>
          <GainOrLossAmt>5835</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5835</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS 16747</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>1790</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1055</CostOrOtherBasisAmt>
          <GainOrLossAmt>735</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>735</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS 16749</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>66084</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>54807</CostOrOtherBasisAmt>
          <GainOrLossAmt>11277</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>11277</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS 16749</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>12630</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10899</CostOrOtherBasisAmt>
          <GainOrLossAmt>1731</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1731</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>UBS 16751</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>50400</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>45974</CostOrOtherBasisAmt>
          <GainOrLossAmt>4426</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4426</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>143111</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>34844</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>3003</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>3003</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>3003</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>3000</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>3000</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc2">X</Form2220AttachedInd>
        <EsPenaltyAmt>30</EsPenaltyAmt>
        <TaxDueAmt>33</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>MARK I ETTINGER</IndividualWithBooksNm>
        <PhoneNum>7182531480</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>3001 AVENUE M</AddressLine1Txt>
          <CityNm>BROOKLYN</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>11210</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARK I ETTINGER</PersonNm>
          <USAddress>
            <AddressLine1Txt>3001 AVENUE M</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11210</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>NORA ETTINGER</PersonNm>
          <USAddress>
            <AddressLine1Txt>1127 EAST 26TH STREET</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11210</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>40000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>NOAH SMITH</PersonNm>
          <USAddress>
            <AddressLine1Txt>1350 EAST 28TH STREET</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11210</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>5658213</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>34326</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>88445</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>5780984</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>5780984</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>86715</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>5694269</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>284713</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>284713</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>3003</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>3003</TotalTaxAmt>
        <DistributableBeforeAdjAmt>281710</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>281710</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>281710</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>291995</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>291995</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>281710</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr3Amt>55825</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>14994</ExcessDistributionCyovYr2Amt>
        <TotalExcessDistributionCyovAmt>70819</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>291995</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>281710</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>10285</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>81104</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>81104</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>55825</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>14994</ExcessFromYear2Amt>
        <ExcessFromCurrentYearAmt>10285</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>CZAP FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>3001 AVENUE M</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11210</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>7186921212</RecipientPhoneNum>
          <RecipientEmailAddressTxt>WWW.CZAPFOUNDATION.ORG</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>APPLICATION AND INSTRUCTIONS AVAILABLE ON WEBSITE WWW.CZAPFOUNDATION.ORG.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>GRANTS ARE APPROVED ON A QUARTERLY BASIS.</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>N/A</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>ALBERT EINSTEIN COLLEGE</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>OF MEDICINE OF YESIVA UNIVERSITY</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1300 MORRIS PARK AVE</AddressLine1Txt>
            <AddressLine2Txt>MAZER BUILDING ROOM 725</AddressLine2Txt>
            <CityNm>BRONX</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10461</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EXEMPT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>MEDICAL RESEARCH</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BNEI TORAH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1323 EAST 32ND STREET</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11210</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EXEMPT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KOLLEL BNEI HAYESHIVOS</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2402 AVE P</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11229</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EXEMPT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CHARITABLE</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>KOLLEL TIFERES ELIYAHU</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>33 DAVIS ROAD</AddressLine1Txt>
            <CityNm>LAKEWOOD</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EXEMPT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>RESEARCH</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MIAMI JEWISH HEALTH</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5200 NE 2ND AVENUE</AddressLine1Txt>
            <CityNm>MIAMI</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33137</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>EXEMPT</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>MEDICAL RESEARCH</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>165000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>770</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>103814</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <OtherInvestmentIncomeGrp>
          <RelatedOrExemptFunctionIncmAmt>424</RelatedOrExemptFunctionIncmAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>143111</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>SCHWAB PARTNERSHIP DIST</Desc>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>248119</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>248119</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>
    <AccountingFeesSchedule documentId="RetDoc3">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING</CategoryTxt>
        <Amt>24200</Amt>
        <DisbursementsCharitablePrpsAmt>24200</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc4">
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER EQUIPMENT</PropertyDesc>
        <AcquiredDt>2019-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>20155</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>20155</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FURNITURE &amp; EQUIPMENT</PropertyDesc>
        <AcquiredDt>2020-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>29294</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>29294</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER EQUIPMENT</PropertyDesc>
        <AcquiredDt>2021-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>4517</CostOrOtherBasisAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>4517</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2021-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>19205</CostOrOtherBasisAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
        <CurrentYearExpenseAmt>19205</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsOtherSchedule2 documentId="RetDoc5">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>UBS</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>2340409</BookValueAmt>
        <EOYFMVAmt>2340409</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>CHARLES SCHWAB</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>3349205</BookValueAmt>
        <EOYFMVAmt>3349205</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <LandEtcSchedule2 documentId="RetDoc6">
      <LandEtcGrp>
        <CostOrOtherBasisAmt>73171</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>73171</AccumulatedDepreciationAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc7">
      <LegalFeesGrp>
        <CategoryTxt>INDIRECT LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>1288</LegalFeesAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc8">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>291</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES SCHWAB</Desc>
        <RevenueAndExpensesPerBooksAmt>32096</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>32098</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PAYROLL SERVICE FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>1382</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELECOMMUNICATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>5863</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES &amp; SUBSCRIPTIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>119</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SUPPLIES &amp; EQUIPMENT</Desc>
        <RevenueAndExpensesPerBooksAmt>5541</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BOOKS &amp; RESEARCH</Desc>
        <RevenueAndExpensesPerBooksAmt>10440</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>73</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS &amp; MAINTENANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>2750</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES UBS</Desc>
        <RevenueAndExpensesPerBooksAmt>15731</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES UBS</Desc>
        <RevenueAndExpensesPerBooksAmt>2173</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES UBS</Desc>
        <RevenueAndExpensesPerBooksAmt>3395</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES UBS</Desc>
        <RevenueAndExpensesPerBooksAmt>3672</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc10">
      <OtherIncomeDetail>
        <Desc>UBS</Desc>
        <RevenueAndExpensesPerBooksAmt>424</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>424</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="RetDoc9">
      <OtherIncreasesDetail>
        <Desc>PPA FOR UNCLEARED CHECKS</Desc>
        <Amt>50000</Amt>
      </OtherIncreasesDetail>
      <OtherIncreasesDetail>
        <Desc>UNREALIZED GAINS</Desc>
        <Amt>572096</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <OtherNotesLoansRcvblShortSch2 documentId="RetDoc11">
      <OtherNotesLoansRcvblShortGrp>
        <Organization501c3Name>
          <BusinessNameLine1Txt>LIFE INSURANCE REIMBURSABLE</BusinessNameLine1Txt>
        </Organization501c3Name>
        <BalanceDueAmt>88445</BalanceDueAmt>
      </OtherNotesLoansRcvblShortGrp>
    </OtherNotesLoansRcvblShortSch2>
    <OtherProfessionalFeesSchedule documentId="RetDoc12">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>SECURITY &amp; POLICY FEES</CategoryTxt>
        <Amt>20940</Amt>
        <DisbursementsCharitablePrpsAmt>20940</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>CONSULTING</CategoryTxt>
        <Amt>24500</Amt>
        <DisbursementsCharitablePrpsAmt>24500</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc13">
      <TaxesDetail>
        <CategoryTxt>US TREASURY</CategoryTxt>
        <Amt>19010</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAV PAID ON SCHWAB</CategoryTxt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>NYS DEPARTMENT OF LAW</CategoryTxt>
        <Amt>250</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX UBS</CategoryTxt>
        <Amt>296</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX UBS</CategoryTxt>
        <Amt>11</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX UBS</CategoryTxt>
        <Amt>36</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
