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          <PropertyDesc>618 JP MORGAN CHASE &amp; CO</PropertyDesc>
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          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>N/A</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO PROVIDE SUPPORT FOR A RELIGIOUS INSTITUTION- TAX EXEMPT 501(C)(3) SCHOOL</GrantOrContributionPurposeTxt>
          <Amt>48000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>YESHIVA TORAS EMES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>55 JAMES STREET</AddressLine1Txt>
            <CityNm>LAKEWOOD</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>N/A</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO PROVIDE SUPPORT FOR A RELIGIOUS EDUCATIONAL INSTITUTION- TAX EXEMPT 501(C)(3)</GrantOrContributionPurposeTxt>
          <Amt>18000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CONGREGATION PRESIDENTIAL ESTATES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>41 FORD AVENUE</AddressLine1Txt>
            <CityNm>LAKEWOOD</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>N/A</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>TO PROVIDE SUPPORT FOR A RELIGIOUS INSTITUTION- TAX EXEMPT 501(C)(3) SYNAGOGUE</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CONGREGATION BAIS SHULIM ELIEZER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1314 54 STREET</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11219</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>TO PROVIDE SUPPORT FOR A RELIGIOUS CONGREGATIONAL INSTITUTION- TAX EXEMPT 501(C)(3)</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GMACH OF JACKSON</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>328 SECOND STREET</AddressLine1Txt>
            <CityNm>LAKEWOOD</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08701</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>TO PROVIDE SUPPORT FOR AN INSTITUTION ASSISTING POVERTY ISSUES- TAX EXEMPT 501(C)(3)</GrantOrContributionPurposeTxt>
          <Amt>33750</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MERCAZ L'TAHARAH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1351EAST 10 STREET</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11230</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>TO ESTABLISH A CHARITY FUND FOR HELPING FURTHER CAUSES</GrantOrContributionPurposeTxt>
          <Amt>3600</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>YESHIVA MESIVTA V'YOEL MOSHE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1010 45 STREET</AddressLine1Txt>
            <CityNm>BROOKLYN</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11219</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <GrantOrContributionPurposeTxt>TO PROVIDE SUPPORT FOR A RELIGIOUS SCHOOL INSTITUTION- TAX EXEMPT 501(C)(3) SYNAGOGUE</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>178950</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>19807</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>56724</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <OtherRevenueDescribedGrp>
          <Desc>BROADWAY WEST ASSOC K-1</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>284771</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>JSHP EQUITY LLC K1</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>-76407</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>PERRYVILLE INVESTORS K1</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>24927</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>SHELBORNE CT EQUITIES K-1</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>51011</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>SHELBOURNE GOLD INV K1</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>-122005</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <OtherRevenueDescribedGrp>
          <Desc>SHELBOURNE JERSEY K-1</Desc>
          <ExclusionCd>1</ExclusionCd>
          <ExclusionAmt>9689</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>191793</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>56724</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>248517</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>
    <InvestmentsCorpStockSchedule documentId="InvestmentsCorpStockSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <InvestmentsCorporateStockGrp>
        <StockNm>MERRILL LYNCH SECURITES=SEE ATTACHED</StockNm>
        <EOYBookValueAmt>791377</EOYBookValueAmt>
        <EOYFMVAmt>616200</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
      <InvestmentsCorporateStockGrp>
        <StockNm>UBS SECURITIES-SEE ATTACHED</StockNm>
        <EOYBookValueAmt>719604</EOYBookValueAmt>
        <EOYFMVAmt>674807</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="19009920" softwareVersionNum="2019v5.0">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SHELBOURNE JERSEY PARTNERS, LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>136506</BookValueAmt>
        <EOYFMVAmt>500000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>REAL ESTATE JERSEY CITY</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>97964</BookValueAmt>
        <EOYFMVAmt>250000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SHELBOURNE CT EQUITIES LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>488230</BookValueAmt>
        <EOYFMVAmt>500000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>REAL ESTATE - PERRYVILLE</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>471914</BookValueAmt>
        <EOYFMVAmt>450000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>SHELBOURNE GOLD, LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>367994</BookValueAmt>
        <EOYFMVAmt>500000</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>UBS SELECT FUND</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>30078</BookValueAmt>
        <EOYFMVAmt>30078</EOYFMVAmt>
      </InvestmentsOtherGrp>
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>JSHP EQUITY LLC</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>AT COST</ListedAtCostOrFMVCd>
        <BookValueAmt>246737</BookValueAmt>
        <EOYFMVAmt>250000</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <OtherExpensesScheduleGrp>
        <Desc>FILING FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>250</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>250</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT ADVISORY SERVICES</Desc>
        <RevenueAndExpensesPerBooksAmt>8372</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>8372</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSchedule2" softwareId="19009920" softwareVersionNum="2019v5.0">
      <OtherIncomeDetail>
        <Desc>BROADWAY WEST ASSOC K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>284771</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>284771</NetInvestmentIncomeAmt>
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      <OtherIncomeDetail>
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        <RevenueAndExpensesPerBooksAmt>-76407</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-76407</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>PERRYVILLE INVESTORS K1</Desc>
        <RevenueAndExpensesPerBooksAmt>24927</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>24927</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>SHELBORNE CT EQUITIES K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>51011</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>51011</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>SHELBOURNE GOLD INV K1</Desc>
        <RevenueAndExpensesPerBooksAmt>-122005</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-122005</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>SHELBOURNE JERSEY K-1</Desc>
        <RevenueAndExpensesPerBooksAmt>9689</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>9689</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherIncreasesSchedule documentId="OtherIncreasesSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <OtherIncreasesDetail>
        <Desc>ADJUSTMENTS FOR COST BASIS - K1 ENDING BALANCES</Desc>
        <Amt>140652</Amt>
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    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="19009920" softwareVersionNum="2019v5.0">
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAX PAID</CategoryTxt>
        <Amt>1450</Amt>
        <NetInvestmentIncomeAmt>1450</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>