﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2018v3.1" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2019-08-23T04:25:08-07:00</ReturnTs>
    <TaxPeriodEndDt>2018-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>112883699</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>SABEL &amp; OPLINGER CPA PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>PO BOX 1307</AddressLine1Txt>
        <CityNm>SOUTHAMPTON</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>119691307</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2018-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>200510367</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>JAF FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>JAFF</BusinessNameControlTxt>
      <PhoneNum>6312875005</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 1307</AddressLine1Txt>
        <CityNm>SOUTHAMPTON</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>11969</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>JUERGEN A FRIEDRICH</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2019-08-23</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>ROBERT J STREBEL CPA</PreparerPersonNm>
      <PTIN>P00435213</PTIN>
      <PhoneNum>6312832370</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2018</TaxYr>
    <BuildTS>2022-09-23 18:48:47Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation 990PFBinaryAttachments.1" softwareId="18007218" softwareVersionNum="2018v3.1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>10358731</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>251313</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>274846</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>251313</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-36397</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>7081927</GrossSalesPriceAmt>
        <TotalRevAndExpnssAmt>214916</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>274846</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>251313</TotalAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">21850</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>10925</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>10925</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">94984</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>94984</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">4762</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>3470</TaxesNetInvstIncmAmt>
        <OccupancyRevAndExpnssAmt>9900</OccupancyRevAndExpnssAmt>
        <OccupancyDsbrsChrtblAmt>9900</OccupancyDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">12576</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesDsbrsChrtblAmt>12576</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>144072</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>109379</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>33401</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>578000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>578000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>722072</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>109379</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>611401</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-507156</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>165467</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>251313</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>218657</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>243193</SavAndTempCashInvstEOYAmt>
        <PrepaidExpensesEOYAmt>5000</PrepaidExpensesEOYAmt>
        <USGovernmentObligationsBOYAmt>785606</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt>629042</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>197703</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>6025361</CorporateStockBOYAmt>
        <CorporateStockEOYAmt>6223328</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>6574951</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>4242712</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt>3695256</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>3586077</CorporateBondsEOYFMVAmt>
        <TotalAssetsBOYAmt>11272336</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>10795819</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>10358731</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>1058</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>23071</AccountsPayableEOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="OtherLiabilitiesSchedule">8626</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>1058</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>31697</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>11271278</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>10764122</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>11271278</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>10764122</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>11272336</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>10795819</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>11271278</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-507156</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>10764122</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>10764122</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-01-01</AcquiredDt>
          <SoldDt>2018-12-31</SoldDt>
          <GrossSalesPriceAmt>3533578</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3557647</CostOrOtherBasisAmt>
          <GainOrLossAmt>-24069</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-24069</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>MORGAN STANLEY</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-01-01</AcquiredDt>
          <SoldDt>2018-12-31</SoldDt>
          <GrossSalesPriceAmt>3548349</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3560677</CostOrOtherBasisAmt>
          <GainOrLossAmt>-12328</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-12328</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-36397</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>543190</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>11236612</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.04834</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>553939</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>10496928</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.05277</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>585236</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>11711511</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.04997</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>496732</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>12131763</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.04095</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>543676</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>12010048</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.04527</DistributionYr5Rt>
        <TotalDistributionRt>0.237297</TotalDistributionRt>
        <AverageDistributionRt>0.047459</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>11437000</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>542789</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>1655</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>544444</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>611401</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>1655</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>1655</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>1655</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>6044</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>2300</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>8344</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>6689</OverpaymentAmt>
        <AppliedToESTaxAmt>6689</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>false</Form990TFiledInd>
        <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>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>SABEL &amp; OPLINGER CPA</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>6312832370</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>106 PROSPECT STREET</AddressLine1Txt>
          <CityNm>SOUTHAMPTON</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>11968</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>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JUERGEN A FRIEDRICH</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1307</AddressLine1Txt>
            <CityNm>SOUTHAMPTON</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11969</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>3.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANKE BECK-FRIEDRICH</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1307</AddressLine1Txt>
            <CityNm>SOUTHAMPTON</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11969</ZIPCd>
          </USAddress>
          <TitleTxt>VP &amp; TREASUR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>THOMAS OPLINGER</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 1307</AddressLine1Txt>
            <CityNm>SOUTHAMPTON</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11969</ZIPCd>
          </USAddress>
          <TitleTxt>TREASURER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>3.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>11274430</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>336738</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>11611168</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>11611168</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>174168</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>11437000</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>571850</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>571850</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1655</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1655</TotalTaxAmt>
        <DistributableBeforeAdjAmt>570195</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>570195</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>570195</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>611401</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>611401</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>1655</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>609746</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>570195</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>517762</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>611401</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>517762</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>93639</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>476556</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>INTERNATIONAL YACHT RESTORATION SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>458 THAMES STREET</AddressLine1Txt>
            <CityNm>NEWPORT</CityNm>
            <StateAbbreviationCd>RI</StateAbbreviationCd>
            <ZIPCd>02840</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Public</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Scholarship Fund and Technical Equipment</GrantOrContributionPurposeTxt>
          <Amt>22500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>BYRD HOFFMAN WATERMILL FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>55 Washington Street Gallery 216</AddressLine1Txt>
            <CityNm>Brooklyn</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11201</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>Public</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>To support artists in the residency program</GrantOrContributionPurposeTxt>
          <Amt>263000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GABRIELLES ANGELS FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>136 East 57th Street Suite 1704</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10022</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>CANCER RESEARCH</GrantOrContributionPurposeTxt>
          <Amt>17000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE ROSS SCHOOL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>18 GOODFRIEND DRIVE</AddressLine1Txt>
            <CityNm>EAST HAMPTON</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11937</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>STEVEN J. ROSS SCHOLARSHIP FUND</GrantOrContributionPurposeTxt>
          <Amt>80000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SOUTHAMPTON ARTS CENTER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>25 JOBS LANE</AddressLine1Txt>
            <CityNm>SOUTHAMPTON</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11968</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL SUPPORT.</GrantOrContributionPurposeTxt>
          <Amt>70000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PESTALOZZI US CHILDRENS CHARITY INC</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>164 E 81ST C/O S WEIKSNER</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10028</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROMOTE THE WELFARE AND EDUCATION OF CHILDREN</GrantOrContributionPurposeTxt>
          <Amt>50000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SOUTH FORK NATURAL HISTORY MUSEUM</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>377 BRIDGEHAMPTON SAG HARBOR TPKE</AddressLine1Txt>
            <CityNm>BRIDGEHAMPTON</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11932</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>MUSEUM FOR CHILDREN AND ADULTS TO EXPLORE LOCAL WILDLIFE AND EDUCATIONAL PROGRAMS</GrantOrContributionPurposeTxt>
          <Amt>44000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>SOUTHAMPTON VILLAGE-4TH OF JULY PARADE</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>23 MAIN ST</AddressLine1Txt>
            <CityNm>SOUTHAMPTON</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11968</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY WELLFARE</GrantOrContributionPurposeTxt>
          <Amt>200</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>NEW YORK YACHT CLUB FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>37 WEST 44TH STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10036</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>FOR THE PRESERVATION OF THE CLUBS HISTORIC BUILDING IN NEW YORK AND NEWPORT AND TO FOSTER APPRECIATION FOR THE WORKS OF ACHITECTS ASSOCIATED WITH THESE PROPERTIES</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SAG HARBOR PARTNERSHIP</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 182</AddressLine1Txt>
            <CityNm>SAG HARBOR</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11963</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>FOR THE ACQUISITION, REBUILDING AND RENOVATION OF THE CINEMA DESTROYED IN FIRE.</GrantOrContributionPurposeTxt>
          <Amt>250</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SOUTHAMPTON BATH TENNIS CLUB CHARIT</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO DRAWER 1208</AddressLine1Txt>
            <CityNm>SOUTHAMPTON</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11969</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>TO HELP THE MOST DISADVANTAGED AND NEEDY MEMBERS OF THE LOCAL COMMUNITY.</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>SOUTHAMPTON YOUTH SERVICES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1370A MAJORS PATH</AddressLine1Txt>
            <CityNm>SOUTHAMPTON</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11968</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>FOR GENERAL PURPOSES OF THE PROGRAMS DESIGNED FOR LOCAL FAMILIES TO PROVIDE A SAFE AND AFFORDABLE PLACE TO PLAY, DREAM, GROW AND LEARN</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Heart of The Hamptons</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>168 Hill Street</AddressLine1Txt>
            <CityNm>Southampton</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11968</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>TO PURCHASE FOOD FOR THE PANTRY AND FOR THE LUNCH BOX KIDS PROGRAM.</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Southampton Hospital Foundation</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>240 Meeting House Lane</AddressLine1Txt>
            <CityNm>Southampton</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11968</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>For Health and Wellness programs in Southampton Hospital.</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>The Nature Conservacny</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>4245 North Fairfax Drive Suite 100</AddressLine1Txt>
            <CityNm>Arlington</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22203</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Programs designed to assist Scientists develop, through research &amp; technology, leading</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>William J Clinton Foundation</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1200 President Clinton Avenue</AddressLine1Txt>
            <CityNm>Little Rock</CityNm>
            <StateAbbreviationCd>AR</StateAbbreviationCd>
            <ZIPCd>72201</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>Work on the Global health and childhood obesity, that works to improve the health and well-being of people across the United States by activating individuals, communities and organizations to make meaningful contributions to the health of others.</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>Harvard Business School</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>Soldiers Field</AddressLine1Txt>
            <CityNm>Boston</CityNm>
            <StateAbbreviationCd>MA</StateAbbreviationCd>
            <ZIPCd>02163</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>To provide Business leaders seeking to moderinze their analytic skills</GrantOrContributionPurposeTxt>
          <Amt>50</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>578000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <RelatedOrExemptFunctionIncmAmt>251313</RelatedOrExemptFunctionIncmAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>-36397</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>214916</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>214916</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="18007218" softwareVersionNum="2018v3.1">
      <AccountingFeesDetail>
        <Amt>21850</Amt>
        <NetInvestmentIncomeAmt>10925</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>10925</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="18007218" softwareVersionNum="2018v3.1">
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE</Desc>
        <RevenueAndExpensesPerBooksAmt>12576</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>12576</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherLiabilitiesSchedule documentId="OtherLiabilitiesSchedule" softwareId="18007218" softwareVersionNum="2018v3.1">
      <OtherLiabilitiesDetail>
        <Desc>UNsettled Trade</Desc>
        <EOYBookValueAmt>8626</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="18007218" softwareVersionNum="2018v3.1">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>ASSET ADVISORY FEES</CategoryTxt>
        <Amt>94984</Amt>
        <NetInvestmentIncomeAmt>94984</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="18007218" softwareVersionNum="2018v3.1">
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAXES</CategoryTxt>
        <Amt>1292</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>2720</Amt>
        <NetInvestmentIncomeAmt>2720</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>NYS CHAR</CategoryTxt>
        <Amt>750</Amt>
        <NetInvestmentIncomeAmt>750</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>