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          <GrossSalesPriceAmt>64873</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>64567</CostOrOtherBasisAmt>
          <GainOrLossAmt>306</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>306</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>NEXTERA ENERGY INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>7663</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1362</CostOrOtherBasisAmt>
          <GainOrLossAmt>6301</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6301</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>AMERICAN EXPRESS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>6342</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1156</CostOrOtherBasisAmt>
          <GainOrLossAmt>5186</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5186</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FIDELITY ADVISOR TOTAL BD</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-08-27</SoldDt>
          <GrossSalesPriceAmt>179060</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>183195</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4135</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4135</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ORACLE COPR 1.9%</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-15</SoldDt>
          <GrossSalesPriceAmt>15000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>15000</CostOrOtherBasisAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>APPLE INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>6010</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1269</CostOrOtherBasisAmt>
          <GainOrLossAmt>4741</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4741</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>FIDELITY LARGE CAP VALUE INDEX FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>56697</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>49730</CostOrOtherBasisAmt>
          <GainOrLossAmt>6967</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>6967</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PERMANENT PRORTFOLIO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>17400</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>14025</CostOrOtherBasisAmt>
          <GainOrLossAmt>3375</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3375</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BLACKROCK MID CAP GROWTH EQUITY FUND</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>3586</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3271</CostOrOtherBasisAmt>
          <GainOrLossAmt>315</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>315</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>GENERAL DYNAMICS CORPORATION</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>6083</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6658</CostOrOtherBasisAmt>
          <GainOrLossAmt>-575</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-575</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PFIZER INC</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>3221</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1648</CostOrOtherBasisAmt>
          <GainOrLossAmt>1573</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1573</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>BOEING</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>9841</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6499</CostOrOtherBasisAmt>
          <GainOrLossAmt>3342</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3342</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>INEL CORP</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>482</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>294</CostOrOtherBasisAmt>
          <GainOrLossAmt>188</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>188</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PROCTOR &amp; GAMBLE CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>16146</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8795</CostOrOtherBasisAmt>
          <GainOrLossAmt>7351</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>7351</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>COCA COLA CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>6962</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4732</CostOrOtherBasisAmt>
          <GainOrLossAmt>2230</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2230</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>INTEL BUSINESS MACHINES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>4884</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>5807</CostOrOtherBasisAmt>
          <GainOrLossAmt>-923</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-923</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>T ROWE PRICE BLUE CHIP GROWTH</PropertyDesc>
          <HowAcquiredCd>D</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>68796</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>49590</CostOrOtherBasisAmt>
          <GainOrLossAmt>19206</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>19206</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>COLGATE PALMOLIVE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>12480</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6767</CostOrOtherBasisAmt>
          <GainOrLossAmt>5713</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5713</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>INTERNATIONAL PAPER CO</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>6015</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4593</CostOrOtherBasisAmt>
          <GainOrLossAmt>1422</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1422</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>US BANCORP DEL COM NEW</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2021-09-03</SoldDt>
          <GrossSalesPriceAmt>12886</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4771</CostOrOtherBasisAmt>
          <GainOrLossAmt>8115</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>8115</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>315414</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>50313</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>4831</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>4831</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>4831</TaxBasedOnInvestmentIncomeAmt>
        <TaxDueAmt>4831</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>RJNOLANFOUNDATION.ORG</WebsiteAddressTxt>
        <IndividualWithBooksNm>LISA BUSHMAN</IndividualWithBooksNm>
        <PhoneNum>5187924900</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>82 GLENWOOD AVENUE</AddressLine1Txt>
          <CityNm>QUEENSBURY</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>12804</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 BORGOS</PersonNm>
          <USAddress>
            <AddressLine1Txt>82 GLENWOOD AVE</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KEVIN MAHONEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>15 COOPER STREET</AddressLine1Txt>
            <CityNm>GLENS FALLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12801</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>DAVE MORNHINWEG</PersonNm>
          <USAddress>
            <AddressLine1Txt>1011 OAKLAKE TRAIL</AddressLine1Txt>
            <CityNm>WATKINSVILLE</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30677</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>KATE HOGAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>14 COOLIDGE AVENUE</AddressLine1Txt>
            <CityNm>GLENS FALLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12801</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN C MANNIX JR</PersonNm>
          <USAddress>
            <AddressLine1Txt>198 CHURCH STREET</AddressLine1Txt>
            <CityNm>SARATOGA SPRINGS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12866</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RICHARD MEATH</PersonNm>
          <USAddress>
            <AddressLine1Txt>2 APPLE LANE</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LISA BUSHMAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>82 GLENWOOD AVENUE</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </USAddress>
          <TitleTxt>ADMINIST. SE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>8217</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>2229723</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>41100</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>2270823</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>2270823</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>34062</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>2236761</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>111838</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>111838</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>4831</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>4831</TotalTaxAmt>
        <DistributableBeforeAdjAmt>107007</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>107007</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>107007</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>70250</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>70250</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>70250</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>107007</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr2Amt>10618</ExcessDistributionCyovYr2Amt>
        <TotalExcessDistributionCyovAmt>10618</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>70250</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>70250</AppliedToCurrentYearAmt>
        <ExcessDistriCyovAppCYCorpusAmt>10618</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>10618</ExcessDistributionCyovAppCYAmt>
        <UndistributedIncomeCYAmt>26139</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>THE ROBERT J NOLAN FOUNDATION INC</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>MICHAEL BORGOS 82 GLENWOOD AVENUE</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>5187924900</RecipientPhoneNum>
          <FormAndInfoAndMaterialsTxt>EACH STUDENT WILL SUBMIT AN APPLICATION FOR CONSIDERATION. THE APPLICATION REQUESTS INFORMATION ON THE FOLLOWING AREAS: 1.EDUCATIONAL ACHIEVEMENT; 2. PARTICIPATION IN HIGH SCHOOL VARSITY ATHLETIC TEAMS; 3. EXTRACURRICULAR SCHOOL-RELATED ACTIVITIES; 4. CIVIC ACTIVITIES; 5. RELIGIOUS ORGANIZATION PARTICIPATION AND 6. FINANCIAL NEED. THE DIRECTORS WOULD USE THE INFORMATION FROM THE APPLICATION TO SELECT RECIPIENTS.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>ALL APPLICATIONS ARE DUE BY MAY 15. THE FOUNDATION WILL PUBLICIZE THE EXISTENCE OF THE SCHOLARSHIP P</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>THE ROBERT J NOLAN FOUNDATION, INC. WILL AWARD SCHOLARSHIPS TO INDIVIDUALS ATTENDING SECONDARY SCHOOLS WHO ARE FROM THE GREATER GLENS FALLS AREA. SCHOLARSHIPS ARE AWARDED TO THE WELL-BALANCED STUDENT WITH A SPECIAL EMPHASIS ON PARTICIPATION IN VARSITY ATHLETIC TEAMS AND THE EXPRESSED INTENTION OF PARTICIPATION IN ORGANIZED ATHLETIC TEAMS AND ENDEAVORS AT THE UNDERGRADUATE AND/OR GRADUATE LEVEL.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MIA COTE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1 FAXON ST</AddressLine1Txt>
            <CityNm>GLENS FALLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12801</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>HANNAH MAGER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>34 COLLETTE LANE</AddressLine1Txt>
            <CityNm>HUDSON FALLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12839</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>AARON MESSINA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>37 EDGEWOOD DR</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LAUREN HAUSER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>22 LOGAN AVE APT B</AddressLine1Txt>
            <CityNm>GLENS FALLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12801</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CODY YORK</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>91 YORK RD</AddressLine1Txt>
            <CityNm>CORINTH</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12822</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BRIAN BEYERBACH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>6 SHERWOOD DRIVE</AddressLine1Txt>
            <CityNm>QIEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MACKENZIE COLLIER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>523 SELFRIDGE ROAD</AddressLine1Txt>
            <CityNm>GANSEVOORT</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12831</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BRANDON BONDY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>65 SARA JEN DR</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>JESSICA BETTS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>12 IRIS AVE</AddressLine1Txt>
            <CityNm>SO GLENS FALLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12803</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DEREK BUSHMAN</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>338 REYNOLDS ROAD</AddressLine1Txt>
            <CityNm>FORT EDWARD</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12828</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DEMETER BURNS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>30 CONSTITUTION WAY</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>3750</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>BIANCA MALLETTE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>44 CHERRY TREE LANE</AddressLine1Txt>
            <CityNm>GANSEVOORT</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12831</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LEA RICHARD</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>422 BROWNVILLE ROAD</AddressLine1Txt>
            <CityNm>GANSEVOORT</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12831</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SAMUEL ROWLEY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>7 PAULS WAY</AddressLine1Txt>
            <CityNm>QUEENSBURY</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12804</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LANNING TOREBKA</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>13 CLARK STREET</AddressLine1Txt>
            <CityNm>SO GLENS FALLS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12803</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LAUREN WILLIS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>20 SNOWBERRY LANE</AddressLine1Txt>
            <CityNm>GANSEVOORT</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12831</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GABRIELLA MARCHELLO</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>41 DIESKAU STREET</AddressLine1Txt>
            <CityNm>LAKE GEORGE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12845</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>SCHOLARSHIP</GrantOrContributionPurposeTxt>
          <Amt>-2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>58750</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>5399</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <RelatedOrExemptFunctionIncmAmt>38906</RelatedOrExemptFunctionIncmAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>315414</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>359719</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>359719</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>3</LineNumberTxt>
          <RelationshipStatementTxt>THE ROBERT J. NOLAN FOUNDATION, INC. WAS FORMED ON</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>DECEMBER 18, 1986 FOR THE PURPOSE OF DISBURSING</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>EDUCATIONAL ASSISTANCE TO GRADUATE AND UNDERGRADUATE STUDENTS FROM THE GREATER GLENS FALLS AREA. THE RECIPIENTS MUST BE QUALIFIED IN THE FOLLOWING AREAS: EDUCATIONAL ACHIEVEMENT; PARTICIPATION IN HIGH SCHOOL VARSITY TEAMS; EXTRA-CURRICULAR SCHOOL-RELATED ACTIVITIES; RELIGIOUS ORGANIZATION PARTICIPATION AND FINANCIAL NEED. ROBERT J. NOLAN MADE A GIFT OF STOCK IN A NEW YORK CORPORATION, COLONIAL CABLEVISION, INC., WHICH STOCK WAS VALUED AT AND WAS SOLD FOR 1,000,000.00. NO OTHER FINANCIAL SUPPORT FOR THE FOUNDATION EXISTS.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <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="RetDoc1">
      <AccountingFeesDetail>
        <CategoryTxt>FEES PAID FOR PREPARATION OF 990</CategoryTxt>
        <Amt>1515</Amt>
        <DisbursementsCharitablePrpsAmt>1515</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2">
      <InvestmentsCorporateBondsGrp>
        <EOYBookValueAmt>706400</EOYBookValueAmt>
        <EOYFMVAmt>724371</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc3">
      <InvestmentsCorporateStockGrp>
        <EOYBookValueAmt>1312776</EOYBookValueAmt>
        <EOYFMVAmt>1600476</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="RetDoc4">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK INVESTMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>12141</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>12141</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>250</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>250</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>874</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>874</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>360</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>360</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PENALTY&amp; INTEREST</Desc>
        <RevenueAndExpensesPerBooksAmt>110</RevenueAndExpensesPerBooksAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc5">
      <OtherLiabilitiesDetail>
        <Desc>PAYROLL LIABILITIES</Desc>
        <BOYBookValueAmt>762</BOYBookValueAmt>
        <EOYBookValueAmt>1185</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <TaxesSchedule documentId="RetDoc6">
      <TaxesDetail>
        <CategoryTxt>FORM 990-PF</CategoryTxt>
        <Amt>202</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
        <Amt>284</Amt>
        <DisbursementsCharitablePrpsAmt>284</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
