<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2020v4.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2021-08-16T16:32:31-05:00</ReturnTs>
    <TaxPeriodEndDt>2020-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>223103963</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>STEVEN SEWALD &amp; COMPANY CPAS</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>242 STATE ROUTE 79 N STE 3</AddressLine1Txt>
        <CityNm>MORGANVILLE</CityNm>
        <StateAbbreviationCd>NJ</StateAbbreviationCd>
        <ZIPCd>07751</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2020-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>133566516</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>GERDA LISSNER FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>GERD</BusinessNameControlTxt>
      <PhoneNum>2128266100</PhoneNum>
      <USAddress>
        <AddressLine1Txt>15 EAST 65TH STREET</AddressLine1Txt>
        <CityNm>NEW YORK</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>100656501</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>MICHAEL A FORNABAIO</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <SignatureDt>2021-05-17</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <SigningOfficerGrp>
      <PersonFullName>
        <PersonFirstNm>MICHAEL A</PersonFirstNm>
        <PersonLastNm>FORNABAIO</PersonLastNm>
      </PersonFullName>
      <SSN>XXX-XX-XXXX</SSN>
    </SigningOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>STEVEN SEWALD CPA</PreparerPersonNm>
      <PTIN>P00171184</PTIN>
      <PhoneNum>7323321700</PhoneNum>
      <PreparationDt>2021-06-01</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2020</TaxYr>
    <BuildTS>2022-09-23 18:48:47Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="13">
    <IRS990PF documentId="RetDoc15" referenceDocumentId="RetDoc14">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>7349869</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>400</ContriRcvdRevAndExpnssAmt>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>154506</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>154506</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>260637</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>1793019</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>260637</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>415543</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>415143</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>178366</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>17835</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>160531</CompOfcrDirTrstDsbrsChrtblAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>6335</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>6335</OthEmplSlrsWgsDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc8">9687</LegalFeesRevAndExpnssAmt>
        <LegalFeesDsbrsChrtblAmt>9687</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc3">37773</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>9443</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>28330</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc12">76999</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>76999</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc13">29264</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>1597</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>13603</TaxesDsbrsChrtblAmt>
        <OccupancyRevAndExpnssAmt>60000</OccupancyRevAndExpnssAmt>
        <OccupancyDsbrsChrtblAmt>60000</OccupancyDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc10">41229</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>41229</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>439653</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>105874</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>319715</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>0</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>0</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>439653</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>105874</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>319715</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-24110</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>309269</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>6677</CashBOYAmt>
        <CashEOYAmt>4652</CashEOYAmt>
        <CashEOYFMVAmt>4651</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>160429</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>223466</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>223466</SavAndTempCashInvstEOYFMVAmt>
        <PrepaidExpensesBOYAmt>17680</PrepaidExpensesBOYAmt>
        <PrepaidExpensesEOYAmt>17885</PrepaidExpensesEOYAmt>
        <PrepaidExpensesEOYFMVAmt>17885</PrepaidExpensesEOYFMVAmt>
        <CorporateStockBOYAmt>3178293</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc6">3229976</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>4373609</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>2734458</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc5">2594078</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>2720258</CorporateBondsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>11951</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>11951</LandBldgEquipAccumDeprecAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc9">10000</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc9">10000</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc9">10000</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>6107537</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>6080057</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>7349869</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="RetDoc11">3470</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="RetDoc11">100</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>3470</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>100</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <RetainedEarningBOYAmt>6104067</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>6079957</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>6104067</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>6079957</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>6107537</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>6080057</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>6104067</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-24110</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>6079957</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>6079957</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JPMORGAN CHASE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>120717</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>120193</CostOrOtherBasisAmt>
          <GainOrLossAmt>524</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>524</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WCA MANAGED - STIFEL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>8493</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8791</CostOrOtherBasisAmt>
          <GainOrLossAmt>-298</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-298</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>JPMORGAN CHASE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>332422</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>262459</CostOrOtherBasisAmt>
          <GainOrLossAmt>69963</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>69963</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>WCA MANAGED - STIFEL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>175042</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>166792</CostOrOtherBasisAmt>
          <GainOrLossAmt>8250</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>8250</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BNY MELLON</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>7506</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8008</CostOrOtherBasisAmt>
          <GainOrLossAmt>-502</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-502</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RIVERBRIDGE MANAGED - STIFEL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>5291</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>12804</CostOrOtherBasisAmt>
          <GainOrLossAmt>-7513</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-7513</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BNY MELLON</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>255542</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>243933</CostOrOtherBasisAmt>
          <GainOrLossAmt>11609</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>11609</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RIVERBRIDGE - ROCKEFELLER</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>8947</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7819</CostOrOtherBasisAmt>
          <GainOrLossAmt>1128</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1128</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GW&amp;K MANAGED - STIFEL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>135716</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>146196</CostOrOtherBasisAmt>
          <GainOrLossAmt>-10480</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-10480</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>RIVERBRIDGE - ROCKEFELLER</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>163181</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>60545</CostOrOtherBasisAmt>
          <GainOrLossAmt>102636</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>102636</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GW&amp;K MANAGED - STIFEL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>101638</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>96180</CostOrOtherBasisAmt>
          <GainOrLossAmt>5458</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5458</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GW&amp;K - ROCKEFELLER</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>136471</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>130060</CostOrOtherBasisAmt>
          <GainOrLossAmt>6411</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6411</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GW&amp;K - ROCKEFELLER</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>129839</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>123390</CostOrOtherBasisAmt>
          <GainOrLossAmt>6449</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6449</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CONFLUENCE MANAGED - STIFEL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>6826</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14258</CostOrOtherBasisAmt>
          <GainOrLossAmt>-7432</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-7432</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CONFLUENCE MANAGED - STIFEL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>30099</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14031</CostOrOtherBasisAmt>
          <GainOrLossAmt>16068</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>16068</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CONFLUENCE - ROCKEFELLER</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>8910</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2960</CostOrOtherBasisAmt>
          <GainOrLossAmt>5950</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5950</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ACR ALPINE MANAGED - STIFEL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>4144</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3379</CostOrOtherBasisAmt>
          <GainOrLossAmt>765</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>765</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ACR ALPINE MANAGED - STIFEL</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>66706</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>64893</CostOrOtherBasisAmt>
          <GainOrLossAmt>1813</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1813</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ACR ALPINE - ROCKEFELLER</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>16397</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11925</CostOrOtherBasisAmt>
          <GainOrLossAmt>4472</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4472</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ACR ALPINE - ROCKEFELLER</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>29177</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>33766</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4589</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4589</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>260637</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-5412</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>4299</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>4299</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>4299</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>10800</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>7000</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>17800</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="RetDoc2">X</Form2220AttachedInd>
        <EsPenaltyAmt>5</EsPenaltyAmt>
        <OverpaymentAmt>13496</OverpaymentAmt>
        <AppliedToESTaxAmt>4300</AppliedToESTaxAmt>
        <RefundAmt>9196</RefundAmt>
      </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>WWW.GERDALISSNER.ORG</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>IRA L WEINER CPA</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>7323321700</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>242 ROUTE 79 NORTH STE 3</AddressLine1Txt>
          <CityNm>MORGANVILLE</CityNm>
          <StateAbbreviationCd>NJ</StateAbbreviationCd>
          <ZIPCd>07751</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>MICHAEL A FORNABAIO</PersonNm>
          <USAddress>
            <AddressLine1Txt>420 EAST 64TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10065</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>25.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>36000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BARBARA TESTA</PersonNm>
          <USAddress>
            <AddressLine1Txt>870 UNITED NATIONS PLAZA</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>6000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>STEPHEN DE MAIO</PersonNm>
          <USAddress>
            <AddressLine1Txt>110 EAST 36TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10016</ZIPCd>
          </USAddress>
          <TitleTxt>DECEASED</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>25.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>41289</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KARL MICHAELIS</PersonNm>
          <USAddress>
            <AddressLine1Txt>244 EAST 86TH STREET 44</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10028</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>12000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CORNELIA BEIGEL</PersonNm>
          <USAddress>
            <AddressLine1Txt>267 EDGCOMBE AVENUE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10031</ZIPCd>
          </USAddress>
          <TitleTxt>VP AND SECRE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>83077</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>SCOTT BARNES</PersonNm>
          <USAddress>
            <AddressLine1Txt>292 WEST 92ND STREET APT 1D</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10025</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MARY B WOOSLEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>144 EAST 84TH STREET 2B</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10028</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>THE FOUNDATION MAKES GRANTS TO THE WINNERS OF THE VARIOUS ANNUAL COMPETITIONS AND ENCOURAGEMENT AWARDS TO A LIMITED NUMBER OF PARTICIPANTS TO PROVIDE YOUNG OPERA SINGERS WITH THE FINANCIAL SUPPORT THEY NEED TO PURSUE THEIR CRAFT AND EXCEL IN THE WORLD OF OPERA. THE TRUSTEES BELEIVE THAT THE ENCOURAGEMENT AND ASSISTANCE TO YOUNG ARTISTS TOWARD ACHIEVING THEIR GOALS IS IMPERATIVE FOR THE CONTINUATION OF THIS DEMANDING ART FORM. ALL COMPETITIONS HAVE BEEN SUSPENDED DUE TO COVID-19.</Description1Txt>
        <Description2Txt>CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS FOR GENERAL OPERATING SUPPORT IN THE FIELD OF OPERA AND OTHER VARIOUS ORGANIZATIONS. SUSPENDED DUE TO COVD-19.</Description2Txt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>6550210</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>14108</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>33000</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>6597318</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>6597318</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>98960</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>6498358</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>324918</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>324918</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>4299</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>4299</TotalTaxAmt>
        <DistributableBeforeAdjAmt>320619</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>320619</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>320619</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>319715</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>319715</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>319715</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>320619</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr5Amt>528323</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>636396</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>563133</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>346939</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>223380</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>2298171</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>319715</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>319715</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>904</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>904</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>2297267</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>527419</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>1769848</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>636396</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>563133</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>346939</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>223380</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>CORNELIA BEIGEL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>15 E 65TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10065</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>2128260366</RecipientPhoneNum>
          <RecipientEmailAddressTxt>MAIL@GEDALISSNER.ORG</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>REFER TO FOUNDATION'S WEBSITE. WWWW.GERDALISSNER.ORG</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>REFER TO FOUNDATION'S WEBSITE. WWW.GERDALISSNER.ORG</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>SEE STATEMENT 13</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>154506</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>260637</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>415143</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>415143</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="RetDoc1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>LIEDERKRANZ FOUNDATION INC</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>6 EAST 87TH STREET</AddressLine1Txt>
          <CityNm>NEW YORK</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10128</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>400</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc3">
      <AccountingFeesDetail>
        <CategoryTxt>STEVEN SEWALD &amp; COMPANY CPAS</CategoryTxt>
        <Amt>37773</Amt>
        <NetInvestmentIncomeAmt>9443</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>28330</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc4">
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER EQUIPMENT</PropertyDesc>
        <AcquiredDt>2004-02-15</AcquiredDt>
        <CostOrOtherBasisAmt>6539</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6539</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER EQUIPMENT</PropertyDesc>
        <AcquiredDt>2007-03-15</AcquiredDt>
        <CostOrOtherBasisAmt>750</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>750</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>FAX - XEROX</PropertyDesc>
        <AcquiredDt>2007-11-23</AcquiredDt>
        <CostOrOtherBasisAmt>1199</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1199</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT - COPIER</PropertyDesc>
        <AcquiredDt>2008-02-12</AcquiredDt>
        <CostOrOtherBasisAmt>1349</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1349</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER EQUIPMENT</PropertyDesc>
        <AcquiredDt>2008-05-01</AcquiredDt>
        <CostOrOtherBasisAmt>2114</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2114</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc5">
      <InvestmentsCorporateBondsGrp>
        <BondNm>SEE STATEMENT - 16</BondNm>
        <EOYBookValueAmt>2594078</EOYBookValueAmt>
        <EOYFMVAmt>2720258</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc6">
      <InvestmentsCorporateStockGrp>
        <StockNm>SEE STATEMENT - 15</StockNm>
        <EOYBookValueAmt>3229976</EOYBookValueAmt>
        <EOYFMVAmt>4373609</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="RetDoc7">
      <LandEtcGrp>
        <CostOrOtherBasisAmt>11951</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>11951</AccumulatedDepreciationAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc8">
      <LegalFeesGrp>
        <CategoryTxt>DAVIS WRIGHT TREMAINE LLP</CategoryTxt>
        <LegalFeesAmt>8407</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>8407</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
      <LegalFeesGrp>
        <CategoryTxt>FRANFURT KUMIT KLEIN &amp; SELIA PC</CategoryTxt>
        <LegalFeesAmt>1280</LegalFeesAmt>
        <DisbursementsCharitablePrpsAmt>1280</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc9">
      <OtherAssetsScheduleGrp>
        <Desc>SECURITY DEPOSIT - RENT</Desc>
        <BOYBookValueAmt>10000</BOYBookValueAmt>
        <EOYBookValueAmt>10000</EOYBookValueAmt>
        <EOYFMVAmt>10000</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc10">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PAYROLL SERVICES - PAYCHEX</Desc>
        <RevenueAndExpensesPerBooksAmt>2962</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2962</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE AND DELIVERY</Desc>
        <RevenueAndExpensesPerBooksAmt>90</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>90</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES - OTHER</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ADVERTISING AND PROMOTION</Desc>
        <RevenueAndExpensesPerBooksAmt>2336</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2336</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>DUES AND PUBLICATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>670</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>670</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE</Desc>
        <RevenueAndExpensesPerBooksAmt>3616</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>3616</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE - EMPLOYEE HEALTH</Desc>
        <RevenueAndExpensesPerBooksAmt>12984</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>12984</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE - DIRECTORS LIABILI</Desc>
        <RevenueAndExpensesPerBooksAmt>2221</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2221</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE - GENERAL</Desc>
        <RevenueAndExpensesPerBooksAmt>4400</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>4400</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE - W/COMP</Desc>
        <RevenueAndExpensesPerBooksAmt>1061</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1061</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>LOCAL TRAVEL</Desc>
        <RevenueAndExpensesPerBooksAmt>2296</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>2296</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SPEC EVENT - IVC AUDITIONS</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>SPEC EVENT - LIEDER/SONG COMP</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>WEB-SITE COSTS</Desc>
        <RevenueAndExpensesPerBooksAmt>3349</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>3349</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INTERNET AND CABLE ACCESS</Desc>
        <RevenueAndExpensesPerBooksAmt>1950</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1950</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFCE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>3009</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>3009</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>COMPUTER RELATED EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>285</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>285</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc11">
      <OtherLiabilitiesDetail>
        <Desc>CREDIT CARD PAYABLE - MASTERCARD</Desc>
        <BOYBookValueAmt>1255</BOYBookValueAmt>
        <EOYBookValueAmt>100</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>OTHER</Desc>
        <BOYBookValueAmt>2215</BOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc12">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT ADV FEES - SEE ST 17</CategoryTxt>
        <Amt>76999</Amt>
        <NetInvestmentIncomeAmt>76999</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc13">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES PAID ON DIVIVIDEND</CategoryTxt>
        <Amt>1597</Amt>
        <NetInvestmentIncomeAmt>1597</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAXES</CategoryTxt>
        <Amt>14064</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>NYS FILING FEES</CategoryTxt>
        <Amt>250</Amt>
        <DisbursementsCharitablePrpsAmt>250</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
        <Amt>12533</Amt>
        <DisbursementsCharitablePrpsAmt>12533</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>NYS TAXES</CategoryTxt>
        <Amt>250</Amt>
        <DisbursementsCharitablePrpsAmt>250</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>DELAWARE FILING FEES</CategoryTxt>
        <Amt>570</Amt>
        <DisbursementsCharitablePrpsAmt>570</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
