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          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RICHARD MANDELBAUM</PersonNm>
          <USAddress>
            <AddressLine1Txt>354 EISENHOWER PKWY SU 1900</AddressLine1Txt>
            <CityNm>LIVINGSTON</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07039</ZIPCd>
          </USAddress>
          <TitleTxt>Treasurer</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>931735</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>110988</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1042723</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1042723</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>15641</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1027082</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>51354</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>51354</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>3853</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>3853</TotalTaxAmt>
        <DistributableBeforeAdjAmt>47501</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>47501</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>47501</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>172415</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>172415</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>172415</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>47501</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr4Amt>2485</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>900</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>26966</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>2080</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>32431</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>172415</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>47501</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>124914</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>157345</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>157345</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>2485</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>900</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>26966</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>2080</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>124914</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>DAVID MANDELBAUM</ContributingManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>DAVID MANDELBAUM</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>354 EISENHOWER PARKWAY SUITE 1900</AddressLine1Txt>
            <CityNm>LIVINGSTON</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07039</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>9733250011</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>LETTER OF SOLICITATION ON ORGANIZATION STATIONERY DESCRIBING THE NATURE OR PURPOSE.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>N/A</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>N/A</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SEE SCHEDULE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>SEE SCHEDULE</AddressLine1Txt>
            <CityNm>SEE SECHEDULE</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08816</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>EDUCATIONAL</GrantOrContributionPurposeTxt>
          <Amt>169650</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>169650</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>13</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>32293</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>247619</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>279925</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>279925</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="AccountingFeesSchedule" softwareId="20011551" softwareVersionNum="2020v4.0">
      <AccountingFeesDetail>
        <Amt>5500</Amt>
        <NetInvestmentIncomeAmt>2750</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2750</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2750</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <GeneralExplanationAttachment documentId="GeneralExplanation" softwareId="20011551" softwareVersionNum="2020v4.0">
      <GeneralExplanationGrp>
        <FormAndLineReferenceDesc>General Explanation Supplemental Information for Form 990-PF</FormAndLineReferenceDesc>
        <MediumExplanationTxt>FOUNDATION WAS CREATED IN 2014. START-UP PERIOD BEGAN WITH 2015 AND ALL MINIMUM INVESTMENT RETURN THAT IS REQUIRED TO BE DISTRIBUTED BY THE END OF THE START-UP PERIOD PURSUANT TO REGULATION 53.4942(a)-3(b)(4) WILL BE DISTRIBUTED BEFORE 12/31/18.</MediumExplanationTxt>
      </GeneralExplanationGrp>
    </GeneralExplanationAttachment>
    <OtherAssetsSchedule documentId="OtherAssetsSchedule" softwareId="20011551" softwareVersionNum="2020v4.0">
      <OtherAssetsScheduleGrp>
        <Desc>UNREALIZED GAIN/LOSS</Desc>
        <BOYBookValueAmt>713451</BOYBookValueAmt>
        <EOYBookValueAmt>866167</EOYBookValueAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="20011551" softwareVersionNum="2020v4.0">
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>31</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>16</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>15</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>15</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
  </ReturnData>
</Return>
