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        <CityNm>CATSKILL</CityNm>
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          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
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        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
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        <LocationOfBooksUSAddress>
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          <CityNm>ATHENS</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>12015</ZIPCd>
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        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
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        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
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        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
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        <OfficerDirTrstKeyEmplGrp>
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            <CityNm>ATHENS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12015</ZIPCd>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>HANK TRIPP</PersonNm>
          <USAddress>
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            <CityNm>ATHENS</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12015</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE - AS NEEDED</TitleTxt>
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        <OfficerDirTrstKeyEmplGrp>
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            <CityNm>ATHENS</CityNm>
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          <TitleTxt>TRUSTEE - AS NEEDED</TitleTxt>
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            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12015</ZIPCd>
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          <FormAndInfoAndMaterialsTxt>THE APPLICANT MUST COMPLETE A FOUNDATION GRANT APPLICATION IDENTIFYING THE ORGANIZATION, THE GRANT AMOUNT AND PURPOSE OF THE GRANT.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>END OF OCTOBER OF THE YEAR THE GRANT IS REQUESTED</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>IT IS THE INTENTION OF THE FOUNDATION THAT GRANTS SERVE DIRECTLY THE TOWN,VILLAGE AND NONPROFIT ORGANIZATIONS OF ATHENS, NY.</RestrictionsOnAwardsTxt>
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          <RecipientBusinessName>
            <BusinessNameLine1Txt>SEE ATTACHED PDF FOR GRANTS ISSUED</BusinessNameLine1Txt>
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            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>12015</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SEE ATTACHED PDF FOR GRANTS ISSUED</GrantOrContributionPurposeTxt>
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        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
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        </SubtotalsIncmProducingActyGrp>
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      </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>
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      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING</CategoryTxt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <GainLossSaleOtherAssetsSch documentId="GnLsSaleOthAssetsSch">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>JANNEY MONTGOMERY SHORT TERM SALES</AssetDesc>
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        <BasisAmt>34917</BasisAmt>
        <TotalNetAmt>3256</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>JANNEY MONTGOMERY LONG TERM SALES</AssetDesc>
        <HowAcquiredTxt>P</HowAcquiredTxt>
        <GrossSalesPriceAmt>179493</GrossSalesPriceAmt>
        <BasisAmt>176298</BasisAmt>
        <TotalNetAmt>3195</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>JANNEY MONTGOMERY LONG TERM SALES</AssetDesc>
        <HowAcquiredTxt>P</HowAcquiredTxt>
        <GrossSalesPriceAmt>319826</GrossSalesPriceAmt>
        <BasisAmt>231246</BasisAmt>
        <TotalNetAmt>88580</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>CHARLES SCHWAB LONG TERM SALES</AssetDesc>
        <HowAcquiredTxt>P</HowAcquiredTxt>
        <GrossSalesPriceAmt>160648</GrossSalesPriceAmt>
        <BasisAmt>60791</BasisAmt>
        <TotalNetAmt>99857</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>CHARLES SCHWAB LONG TERM SALES</AssetDesc>
        <HowAcquiredTxt>P</HowAcquiredTxt>
        <GrossSalesPriceAmt>277182</GrossSalesPriceAmt>
        <BasisAmt>96170</BasisAmt>
        <TotalNetAmt>181012</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>MONEY MARKET - JM</StockNm>
        <EOYBookValueAmt>2093</EOYBookValueAmt>
        <EOYFMVAmt>2093</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EQUITIES STOCKS &amp; OPTIONS - JM</StockNm>
        <EOYBookValueAmt>681073</EOYBookValueAmt>
        <EOYFMVAmt>1629923</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>EQUITIES MUTUAL FUNDS - JM</StockNm>
        <EOYBookValueAmt>525326</EOYBookValueAmt>
        <EOYFMVAmt>552626</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>FIXED INCOME BONDS &amp; PREF - JM</StockNm>
        <EOYBookValueAmt>144573</EOYBookValueAmt>
        <EOYFMVAmt>145483</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>OTHER INVESTMENTS - JM</StockNm>
        <EOYBookValueAmt>440675</EOYBookValueAmt>
        <EOYFMVAmt>521679</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>MONEY MARKET - CS</StockNm>
        <EOYBookValueAmt>246619</EOYBookValueAmt>
        <EOYFMVAmt>246619</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>STOCKS - CS</StockNm>
        <EOYBookValueAmt>1074272</EOYBookValueAmt>
        <EOYFMVAmt>2563758</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>GRANTS REFUNDED</Desc>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherProfessionalFeesSchedule documentId="OthProfFeesSch">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>MANAGEMENT FEES CS</CategoryTxt>
        <Amt>25415</Amt>
        <NetInvestmentIncomeAmt>25415</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>1962</Amt>
        <NetInvestmentIncomeAmt>1962</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>NYS DEPARTMENT OF LAW</CategoryTxt>
        <Amt>250</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAXES</CategoryTxt>
        <Amt>1144</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>