﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2019v5.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2020-09-09T14:59:11-05:00</ReturnTs>
    <TaxPeriodEndDt>2019-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>942290202</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>SHEA LABAGH DOBBERSTEIN PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>44 MONTGOMERY STREET SUITE 3200</AddressLine1Txt>
        <CityNm>SAN FRANCISCO</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>94104</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2019-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>366049231</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>A FRANK ROTHSCHILD FUND</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>AFRA</BusinessNameControlTxt>
      <PhoneNum>6505299966</PhoneNum>
      <USAddress>
        <AddressLine1Txt>37 MOUNTAIN MEADOW DRIVE</AddressLine1Txt>
        <CityNm>WOODSIDE</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>94062</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>A FRANK ROTHSCHILD</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>6505299966</PhoneNum>
      <SignatureDt>2020-09-03</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>KEVIN DANIEL TUSING</PreparerPersonNm>
      <PTIN>P01241383</PTIN>
      <PhoneNum>4153974444</PhoneNum>
      <PreparationDt>2020-09-03</PreparationDt>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>64.88.174.3</IPv4AddressTxt>
      </IPAddress>
      <IPDt>2020-09-03</IPDt>
      <IPTm>15:40:47</IPTm>
      <IPTimezoneCd>PD</IPTimezoneCd>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>CB2B339F74CF8C51C4268679E36A998CC4843D9C</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>2589B7922E606957BB250C3834E2B84DF2343277</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2019</TaxYr>
    <BuildTS>2022-01-07 14:23:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="11">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>358661</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>21018</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>5968</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>5968</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>5968</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>4230</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>4230</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>4230</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-2527</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>55232</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>0</CapGainNetIncmNetInvstIncmAmt>
        <NetSTCapitalGainAdjNetIncmAmt>0</NetSTCapitalGainAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>28689</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>10198</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>10198</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstAdjNetIncmAmt>0</CompOfcrDirTrstAdjNetIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002100001">99</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>0</LegalFeesNetInvstIncmAmt>
        <LegalFeesAdjNetIncmAmt>99</LegalFeesAdjNetIncmAmt>
        <LegalFeesDsbrsChrtblAmt>0</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">4300</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>0</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>4300</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>0</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">2257</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>2257</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesAdjNetIncmAmt>0</OtherProfFeesAdjNetIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>0</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">246</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>0</TaxesNetInvstIncmAmt>
        <TaxesAdjNetIncmAmt>0</TaxesAdjNetIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="RetDoc2203000001">127</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnNetInvstIncmAmt>0</DeprecAndDpltnNetInvstIncmAmt>
        <DeprecAndDpltnAdjNetIncmAmt>127</DeprecAndDpltnAdjNetIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">61</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>0</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>61</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>0</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>7090</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>2257</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>4587</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>22237</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>22237</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>29327</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>2257</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>4587</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>22237</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-638</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>7941</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>5611</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>-1</CashBOYAmt>
        <CashEOYAmt>8214</CashEOYAmt>
        <CashEOYFMVAmt>8214</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>22833</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>35985</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>35985</SavAndTempCashInvstEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>27180</USGovernmentObligationsBOYAmt>
        <USGovernmentObligationsEOYAmt>0</USGovernmentObligationsEOYAmt>
        <USGovtObligationsEOYFMVAmt>0</USGovtObligationsEOYFMVAmt>
        <CorporateStockBOYAmt>145975</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">151278</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>229745</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>84109</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc2044400001">84109</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>84671</CorporateBondsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>51797</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>51751</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>174</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="RetDoc2059000001">46</LandEOYAmt>
        <LandEOYFMVAmt>46</LandEOYFMVAmt>
        <TotalAssetsBOYAmt>280270</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>279632</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>358661</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>280270</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>279632</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>0</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>0</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>280270</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>279632</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>280270</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>279632</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>280270</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-638</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>279632</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>279632</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>15 SH ALPHABET INC</PropertyDesc>
          <AcquiredDt>2016-07-18</AcquiredDt>
          <SoldDt>2019-02-25</SoldDt>
          <GrossSalesPriceAmt>16832</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11286</CostOrOtherBasisAmt>
          <GainOrLossAmt>5546</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>5546</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>100 SH CVS HEALTH CORP</PropertyDesc>
          <AcquiredDt>2016-07-18</AcquiredDt>
          <SoldDt>2019-02-25</SoldDt>
          <GrossSalesPriceAmt>6131</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9699</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3568</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3568</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>110 SH GILEAD SCIENCES INC.</PropertyDesc>
          <AcquiredDt>2016-07-08</AcquiredDt>
          <SoldDt>2019-02-13</SoldDt>
          <GrossSalesPriceAmt>7269</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9594</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2325</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2325</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>25000 FV UNIV OF CA BOND 6.27%</PropertyDesc>
          <AcquiredDt>2017-04-30</AcquiredDt>
          <SoldDt>2019-05-15</SoldDt>
          <GrossSalesPriceAmt>25000</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>27180</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2180</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2180</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-2527</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>0</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>20950</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>388715</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.053896</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>30874</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>638573</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.048348</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>43983</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>651556</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.067505</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>35160</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>676360</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.051984</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>17900</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>639997</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.027969</DistributionYr5Rt>
        <TotalDistributionRt>0.249702</TotalDistributionRt>
        <AverageDistributionRt>0.049940</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>332307</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>16595</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>79</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>16674</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>22237</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>79</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>79</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>79</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>0</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>0</ExtsnRequestIncomeTaxPaidAmt>
        <BackupWithholdingWithheldAmt>0</BackupWithholdingWithheldAmt>
        <TotalPaymentsAndCreditsAmt>0</TotalPaymentsAndCreditsAmt>
        <EsPenaltyAmt>0</EsPenaltyAmt>
        <TaxDueAmt>79</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>0</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>0</MoreThan100SpentInd>
        <Form1120POLFiledInd>0</Form1120POLFiledInd>
        <Section4955OrganizationTaxAmt>0</Section4955OrganizationTaxAmt>
        <Section4955ManagersTaxAmt>0</Section4955ManagersTaxAmt>
        <TaxReimbursedAmt>0</TaxReimbursedAmt>
        <ActivitiesNotPreviouslyRptInd>0</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>0</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>0</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>0</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>1</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>IL</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>1</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>A FRANK ROTHSCHILD</IndividualWithBooksNm>
        <PhoneNum>6505299966</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>37 MOUNTAIN MEADOW DRIVE</AddressLine1Txt>
          <CityNm>WOODSIDE</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94062</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>0</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>0</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>0</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>0</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>0</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>0</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>0</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>0</UndistributedIncomePYInd>
        <BusinessHoldingsInd>0</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>0</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>0</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>0</InfluenceLegislationInd>
        <InfluenceElectionInd>0</InfluenceElectionInd>
        <GrantsToIndividualsInd>0</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>0</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>0</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>0</TransactionsFailToQlfyAsExcInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>0</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>A FRANK ROTHSCHILD</PersonNm>
          <USAddress>
            <AddressLine1Txt>37 MOUNTAIN MEADOW DRIVE</AddressLine1Txt>
            <CityNm>WOODSIDE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94062</ZIPCd>
          </USAddress>
          <TitleTxt>PRES &amp; TREASURE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PHILIP A HART</PersonNm>
          <USAddress>
            <AddressLine1Txt>201 MISSION STREET SUITE 1825</AddressLine1Txt>
            <CityNm>SAN FRANCISCO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94105</ZIPCd>
          </USAddress>
          <TitleTxt>SECRETARY &amp; VP</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHRISTINA ALLEN</PersonNm>
          <USAddress>
            <AddressLine1Txt>2413 SHARON ROAD</AddressLine1Txt>
            <CityNm>MENLO PARK</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94025</ZIPCd>
          </USAddress>
          <TitleTxt>VICE PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>THE A. F. ROTHSCHILD FUND IS A PRIVATE OPERATING FOUNDATION DEDICATED TO ADVANCING THE WELL-BEING OF HORSES AND OTHER EQUINES. THE FUND DIRECTLY ENGAGES IN INITIATION, DEVELOPMENT, AND IMPLEMENTATION OF SCIENTIFIC RESEARCH, TECHNOLOGICAL INNOVATIONS, HISTORICAL STUDIES, AND RELATED EDUCATIONAL PROJECTS AS PROGRAM INITIATIVES OF THE CENTER FOR CONTEMPORARY EQUINE STUDIES (CCES), A SUPPORTING ORGANIZATION HEADQUARTERED IN WOODSIDE, CA.DIRECT ACTIVITES DURING 2019 FOCUSED ON ADVANCING THE FOUNDATION'S TWO ONGOING PROGRAMS FOR INNOVATIONS IN SCIENCE AND PUBLIC EDUCATION RELEVANT TO ITS PURPOSE:</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
        <Description2Txt>1) CONTINUED DEVELOPMENT OF A RECOMBINANT BIOTECHNOLOGY TO REPLACE THE ARCHAIC INDUSTRIAL USE OF HORSES AS THE LIVING MEANS OF MASS PRODUCTION FOR MANUFACTURE OF ANTIBODY-BASED PHARMACEUTICAL PRODUCTS.THE MULTI-YEAR COLLABORATIVE PROJECT WITH THE PETA INTERNATIONAL SCIENCE CONSORTIUM (PISC), INITIATED IN 2010 TO SUPPORT DEVELOPMENT A HUMAN-DERIVED MONOCLONAL DIPTHERIA ANTITOXIN WAS EXPANDED IN 2018 BASED ON PRELIMINARY POSITIVE RESULTS TO INCLUDE DEVELOPMENT A NOVEL RECOMBINANT BLACK WIDOW SPIDER ANTIVENOM. THE FOUNDATION'S ACTIVITIES DURING 2019 WERE PRIMARILY ADMINSTRATIVE AS SPONSOR OF THE VENOM-RELATED RESEARCH CONDUCTED BY PARTICIPATING SCIENTISTS AT THE CENTER FOR SCIENTIFIC RESEARCH AND HIGHER EDUCATION OF ENSENADA, A FEDERAL RESEARCH CENTER OF THE MEXICO NATIONAL COUNCIL FOR SCIENCE AND TECHNOLOGY.</Description2Txt>
        <Expenses2Amt>0</Expenses2Amt>
        <Description3Txt>2)CONTINUED DEVELOPMENT OF A WEB PUBLISHING PLATFORM TO ENABLE ONLINE OPEN ACCESS TO THE FOUNDATION'S UNIQUE ARCHIVE OF TEXTS, PHOTOS, FILMS, AND OTHER SUBJECT MATERIAL DOCUMENTING THE HISTORIC AND ONGOING ROLE OF HORSES AS A SOURCE OF HUMAN MEDICINE.THE ONLINE EXHIBIT, WHICH UTILIZES THE LINKED OPEN DATA (LOD) STANDARDS FOR LIBRARIES, CULTURAL ARCHIVES AND MUSEUMS, WAS ORIGINALLY SCHEDULED FOR COMPLETION DURING 2019. DEVELOPMENT WAS EXTENDED DUE TO TECHNICAL ISSUES STEMMING FROM THE KNOWN PROBLEM OF IDENTIFYING ANIMAL-DERIVED DRUG PRODUCTS USING THE STANDARDIZED SCIENTIFIC AND MEDICAL VOCABULARIES FOR INDEXING, IDENTIFICATION, AND SEARCH OF ONLINE SUBJECT MATERIAL.THE FOUNDATION IS WORKING WITH THE RETAINED EXPERT ASSISTANCE OF THE CORPORATION FOR DIGITAL SCHOLARSHIP TO IMPLEMENT THE EXHIBIT FOR ITS INTENDED EDUCATIONAL PURPOSE. AS OF YEAR-END, THE FEASIBILITY OF ENABLING OPEN ACCESS TO THE FOUNDATION'S RESEARCH COLLECTION IS UNCERTAIN.</Description3Txt>
        <Expenses3Amt>0</Expenses3Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>300176</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>37082</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>110</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>337368</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>337368</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>5061</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>332307</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>16615</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <Sect4942j3j5FndtnAndFrgnOrgInd>X</Sect4942j3j5FndtnAndFrgnOrgInd>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>22237</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>22237</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>79</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>22158</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <PrivateOperatingFoundationsGrp>
        <PrivateOperatingFndtnRulingDt>2010-03-18</PrivateOperatingFndtnRulingDt>
        <Section4942j3Ind>X</Section4942j3Ind>
        <LessorAdjNetIncmMinInvstRetGrp>
          <CurrentYearAmt>5611</CurrentYearAmt>
          <Year1Amt>8887</Year1Amt>
          <Year2Amt>12305</Year2Amt>
          <Year3Amt>13001</Year3Amt>
          <TotalAmt>39804</TotalAmt>
        </LessorAdjNetIncmMinInvstRetGrp>
        <Pct85LessorAdjIncmOrMinRetGrp>
          <CurrentYearAmt>4769</CurrentYearAmt>
          <Year1Amt>7554</Year1Amt>
          <Year2Amt>10459</Year2Amt>
          <Year3Amt>11051</Year3Amt>
          <TotalAmt>33833</TotalAmt>
        </Pct85LessorAdjIncmOrMinRetGrp>
        <QualifyingDistributionsGrp>
          <CurrentYearAmt>22237</CurrentYearAmt>
          <Year1Amt>21018</Year1Amt>
          <Year2Amt>30999</Year2Amt>
          <Year3Amt>44051</Year3Amt>
          <TotalAmt>118305</TotalAmt>
        </QualifyingDistributionsGrp>
        <QualifyingDistriNotUsedDrtGrp>
          <CurrentYearAmt>0</CurrentYearAmt>
          <Year1Amt>0</Year1Amt>
          <Year2Amt>0</Year2Amt>
          <Year3Amt>0</Year3Amt>
          <TotalAmt>0</TotalAmt>
        </QualifyingDistriNotUsedDrtGrp>
        <QualifyingDistriMadeDrtGrp>
          <CurrentYearAmt>22237</CurrentYearAmt>
          <Year1Amt>21018</Year1Amt>
          <Year2Amt>30999</Year2Amt>
          <Year3Amt>44051</Year3Amt>
          <TotalAmt>118305</TotalAmt>
        </QualifyingDistriMadeDrtGrp>
        <TotalAssetsGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsGrp>
        <TotalAssetsSect4942j3BiGrp>
          <TotalAmt>0</TotalAmt>
        </TotalAssetsSect4942j3BiGrp>
        <TwoThirdsMinimumInvstRetGrp>
          <CurrentYearAmt>11077</CurrentYearAmt>
          <Year1Amt>12957</Year1Amt>
          <Year2Amt>21286</Year2Amt>
          <Year3Amt>21719</Year3Amt>
          <TotalAmt>67039</TotalAmt>
        </TwoThirdsMinimumInvstRetGrp>
        <TotalSupportGrp>
          <TotalAmt>0</TotalAmt>
        </TotalSupportGrp>
        <PublicSupportType>
          <TotalAmt>0</TotalAmt>
        </PublicSupportType>
        <LargestSupportFromEOGrp>
          <TotalAmt>0</TotalAmt>
        </LargestSupportFromEOGrp>
        <GrossInvestmentIncomeGrp>
          <TotalAmt>0</TotalAmt>
        </GrossInvestmentIncomeGrp>
      </PrivateOperatingFoundationsGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE CORPORATION FOR DIGITAL SCHOLARSHIP</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>8300 BOONE BLVD SUITE 500</AddressLine1Txt>
            <CityNm>VIENNA</CityNm>
            <StateAbbreviationCd>VA</StateAbbreviationCd>
            <ZIPCd>22182</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLICLY SUPPORTED C</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO COORDINATE AND PROMOTE THE DEVELOPMENT, PRODUCTION, DISTRIBUTION, AND USE OFFREE AND OPEN SOURCE SOFTWARE USEFUL FOR ACADEMIC, ARCHIVAL, AND RESEARCH PURPOSES,INCLUDING THE SOFTWARE PACKAGES KNOWN AS ZOTERO AND OMEKA (THE "SOFTWARE"). TO MAKE THE SOFTWARE AVAILABLE FOR FREE TO THE PUBLIC TO USE, CHANGE, OR DISTRIBUTE ITAS FREE AND OPEN SOURCE SOFTWARE. TO DEFEND THE RIGHT OF THE PUBLIC TO FREELY OBTAIN, DEVELOP, AND DISTRIBUTE THE SOFTWARE. TO FUND THE CORPORATION'S NONPRO?T ACTIVITIES IN PART BY PROVIDING, FOR A FEE, SERVICESRELATED TO THE SOFTWARE, SUCH AS ONLINE HOSTING OF DATA USED IN CONJUNCTION WITH THESOFTWARE. TO PROMOTE THE USE AND DEVELOPMENT OF FREE AND OPEN SOURCE SOFTWARE AND OPENACCESS SCHOLARSHIP.</GrantOrContributionPurposeTxt>
          <Amt>21018</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>CENTER FOR SCIENTIFIC INVESTIGATION AND EDUCATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>22800 APDO POSTAL 3918 ZONA</AddressLine1Txt>
            <AddressLine2Txt>PLAYITAS</AddressLine2Txt>
            <CityNm>ENSENADA BAJA CALIFORNIA</CityNm>
            <CountryCd>MX</CountryCd>
            <ForeignPostalCd>2732</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLICLY SUPPORTED C</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GRANT TO SUPPORT A RESEARCH PROGRAM OF THE CENTER FOR SCIENTIFIC INVESTIGATION (THE CENTER), A DEPARTMENT OF THE UNIVERSITY IN ENSENADA BAJA CALIFORNIA, MEXICO. THE CENTER IS COLLABORATING ON A STUDY CALLED THE HANTOX PROJECT. THE CENTER WILL BE RESPONSIBLE FOR THE ISOLATION OF THE SPIDER VENOM AND THE PERFORMANCE OF GOVERNMENT REQUIRED VENOM NEUTRALIZATION TESTS IN MICE; IF THE PROJECT IS SUCCESSFUL IT WILL GENERATE VENOM NEUTRALIZING ANTIBODIES.THE CENTER IS PART OF THE FEDERAL UNIVERSITY SYSTEM IN MEXICO, AND IS RECOGNIZED FOR PURPOSES OF THE GRANT AS A QUALIFYING PUBLIC CHARITY UNDER ARTICLE 22, PARAGRAPH 17 OF THE US/MEXICO TAX TREATY.</GrantOrContributionPurposeTxt>
          <Amt>1219</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>22237</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>5968</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>4230</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-2527</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>7671</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>7671</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>3</LineNumberTxt>
          <RelationshipStatementTxt>N/A</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>N/A</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>N/A</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>0</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>0</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>0</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>0</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>0</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>0</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>0</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>0</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>0</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>0</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>THE CENTER FOR CONTEMPORARY EQUINE STUDIES</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>37 MOUNTAIN MEADOW DRIVE</AddressLine1Txt>
          <CityNm>WOODSIDE</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94062</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>21018</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>TAX PREP FEE</CategoryTxt>
        <Amt>4300</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>4300</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc2203000001">
      <DepreciationPropertyGrp>
        <PropertyDesc>INERTIAL SENSOR SYSTEM</PropertyDesc>
        <AcquiredDt>2006-07-06</AcquiredDt>
        <CostOrOtherBasisAmt>13464</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>13464</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>MTI-G SENSOR</PropertyDesc>
        <AcquiredDt>2007-11-29</AcquiredDt>
        <CostOrOtherBasisAmt>5381</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>5381</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>SYNCED XB-3 SYSTEM</PropertyDesc>
        <AcquiredDt>2007-05-24</AcquiredDt>
        <CostOrOtherBasisAmt>30338</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>30338</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HORSE MODEL</PropertyDesc>
        <AcquiredDt>2008-05-31</AcquiredDt>
        <CostOrOtherBasisAmt>830</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>830</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>0</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HORSE SUIT</PropertyDesc>
        <AcquiredDt>2012-08-28</AcquiredDt>
        <CostOrOtherBasisAmt>743</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>709</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>34</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>34</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>VIDEO CAMERA</PropertyDesc>
        <AcquiredDt>2013-06-06</AcquiredDt>
        <CostOrOtherBasisAmt>1041</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>902</PriorYearDepreciationAmt>
        <ComputationMethodTxt>200DB</ComputationMethodTxt>
        <LifeRt>7.000000000000</LifeRt>
        <CurrentYearExpenseAmt>93</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>139</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorporateBondsGrp>
        <BondNm>TIME WARNER ENTMT CO DUE 3/15/2023</BondNm>
        <EOYBookValueAmt>29347</EOYBookValueAmt>
        <EOYFMVAmt>29528</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>FORD MOTOR COMPANY DUE 8/1/2026</BondNm>
        <EOYBookValueAmt>29228</EOYBookValueAmt>
        <EOYFMVAmt>28541</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>APPLE INC AT 3.35% DUE 2/9/2027</BondNm>
        <EOYBookValueAmt>25534</EOYBookValueAmt>
        <EOYFMVAmt>26602</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>90 SHS APPLE INC</StockNm>
        <EOYBookValueAmt>9531</EOYBookValueAmt>
        <EOYFMVAmt>26429</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>330 SHS CISCO SYS INC</StockNm>
        <EOYBookValueAmt>9884</EOYBookValueAmt>
        <EOYFMVAmt>15827</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>100 SHS CME GROUP INC</StockNm>
        <EOYBookValueAmt>10167</EOYBookValueAmt>
        <EOYFMVAmt>20072</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>300 SHS FLIR SYSTEMS INC</StockNm>
        <EOYBookValueAmt>9749</EOYBookValueAmt>
        <EOYFMVAmt>15621</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>125 SHS LYONDELLBASELL INDS</StockNm>
        <EOYBookValueAmt>9813</EOYBookValueAmt>
        <EOYFMVAmt>11810</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>160 SHS MERCK &amp; CO INC</StockNm>
        <EOYBookValueAmt>9970</EOYBookValueAmt>
        <EOYFMVAmt>14552</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>30 SHS OCCIDENTAL PETROL CO</StockNm>
        <EOYBookValueAmt>2302</EOYBookValueAmt>
        <EOYFMVAmt>1236</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>100 SHS OCCIDENTAL PETROL CO</StockNm>
        <EOYBookValueAmt>7675</EOYBookValueAmt>
        <EOYFMVAmt>4121</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>75 SHS TRAVELERS COMPANIES INC</StockNm>
        <EOYBookValueAmt>8705</EOYBookValueAmt>
        <EOYFMVAmt>10271</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>130 SHS VISA INC</StockNm>
        <EOYBookValueAmt>10198</EOYBookValueAmt>
        <EOYFMVAmt>24427</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>100 SHS WALT DISNEY CO</StockNm>
        <EOYBookValueAmt>10042</EOYBookValueAmt>
        <EOYFMVAmt>14463</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>400 SHS SCHWAB US MID CAP ETF</StockNm>
        <EOYBookValueAmt>17360</EOYBookValueAmt>
        <EOYFMVAmt>24060</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>200 SH COMCAST CORP</StockNm>
        <EOYBookValueAmt>10053</EOYBookValueAmt>
        <EOYFMVAmt>11692</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>55 SH NVIDIA CORP</StockNm>
        <EOYBookValueAmt>8763</EOYBookValueAmt>
        <EOYFMVAmt>12942</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>80 SH RESMED INC</StockNm>
        <EOYBookValueAmt>7956</EOYBookValueAmt>
        <EOYFMVAmt>12398</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>160 SH VERIZON COMMUNICATIONS</StockNm>
        <EOYBookValueAmt>9110</EOYBookValueAmt>
        <EOYFMVAmt>9824</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="RetDoc2059000001">
      <LandEtcGrp>
        <CategoryOrItemTxt>INERTIAL SENSOR SYSTEM</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>13464</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>13464</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>MTI-G SENSOR</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>5381</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>5381</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>SYNCED XB-3 SYSTEM</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>30338</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>30338</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>HORSE MODEL</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>830</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>830</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>HORSE SUIT</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>743</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>743</AccumulatedDepreciationAmt>
        <BookValueAmt>0</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>VIDEO CAMERA</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1041</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>995</AccumulatedDepreciationAmt>
        <BookValueAmt>46</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES/ DUES</CategoryTxt>
        <LegalFeesAmt>99</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>99</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS FEES/ INTERNET AND IT</Desc>
        <RevenueAndExpensesPerBooksAmt>61</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>61</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT MANGEMENT FEES</CategoryTxt>
        <Amt>2257</Amt>
        <NetInvestmentIncomeAmt>2257</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>ILLINOIS FILING FEES</CategoryTxt>
        <Amt>15</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FRANCHISE TAX BOARD</CategoryTxt>
        <Amt>160</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAXES</CategoryTxt>
        <Amt>71</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>