﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2024v5.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-11-05T15:41:53-08:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>232667572</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>F X Duffy &amp; Co</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>4265 Kelly Dr</AddressLine1Txt>
        <CityNm>Philadelphia</CityNm>
        <StateAbbreviationCd>PA</StateAbbreviationCd>
        <ZIPCd>19129</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>823802429</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>RILEY FAMILY FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>RILE</BusinessNameControlTxt>
      <PhoneNum>2154388400</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 461</AddressLine1Txt>
        <CityNm>VALLEY FORGE</CityNm>
        <StateAbbreviationCd>PA</StateAbbreviationCd>
        <ZIPCd>19481</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>BARBARA RILEY</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2025-11-05</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>true</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>Kevin P Duffy CPA</PreparerPersonNm>
      <PTIN>P00631186</PTIN>
      <PhoneNum>2154388400</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation BinaryAttachment.1" softwareId="24020490" softwareVersionNum="2024v5.2">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>110527576</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>37</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>37</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>37</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>4154434</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>4154434</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>4154434</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>4322451</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>4322451</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>4322451</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>8476922</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>8476922</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>4154471</TotalAdjNetIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">8000</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>8000</AccountingFeesNetInvstIncmAmt>
        <InterestRevAndExpnssAmt>23047</InterestRevAndExpnssAmt>
        <InterestNetInvstIncmAmt>23047</InterestNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">23040</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>23040</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">735162</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>735162</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>789249</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>789249</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>3769851</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>3769851</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>4559100</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>789249</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>3769851</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>3917822</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>7687673</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>4154471</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>31760</CashBOYAmt>
        <CashEOYAmt>48912</CashEOYAmt>
        <SavAndTempCashInvstBOYAmt>12558</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>10406</SavAndTempCashInvstEOYAmt>
        <CorporateStockBOYAmt>1000000</CorporateStockBOYAmt>
        <CorporateStockEOYAmt>1000000</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1000000</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>104538866</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt>108294381</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>109527576</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>105583184</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>109353699</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>110527576</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="OtherLiabilitiesSchedule">1</OtherLiabilitiesBOYAmt>
        <TotalLiabilitiesBOYAmt>1</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>105583183</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>109353699</CapitalStockEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>105583183</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>109353699</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>105583184</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>109353699</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>105583183</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>3917822</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSchedule">1655</OtherIncreasesAmt>
        <SubtotalAmt>109502660</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSchedule">148961</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>109353699</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DISTRIBUTIONS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2001-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>676629</GrossSalesPriceAmt>
          <GainOrLossAmt>676629</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>676629</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>VARIOUS TRADES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2001-01-01</AcquiredDt>
          <SoldDt>2024-12-31</SoldDt>
          <GrossSalesPriceAmt>3645822</GrossSalesPriceAmt>
          <GainOrLossAmt>3645822</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3645822</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>4322451</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>106859</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>106859</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>106859</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>167500</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>85000</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>252500</TotalPaymentsAndCreditsAmt>
        <Form2220AttachedInd referenceDocumentId="IRS2220">X</Form2220AttachedInd>
        <OverpaymentAmt>145641</OverpaymentAmt>
        <AppliedToESTaxAmt>145641</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>false</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>DE</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>PA</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>BARBARA RILEY</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2154388400</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>PO BOX 461</AddressLine1Txt>
          <CityNm>VALLEY FORGE</CityNm>
          <StateAbbreviationCd>PA</StateAbbreviationCd>
          <ZIPCd>194810461</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>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BRIAN RILEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 461</AddressLine1Txt>
            <CityNm>VALLEY FORGE</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19481</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BARBARA RILEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 461</AddressLine1Txt>
            <CityNm>VALLEY FORGE</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19481</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BRIAN RILEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 461</AddressLine1Txt>
            <CityNm>VALLEY FORGE</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19481</ZIPCd>
          </USAddress>
          <TitleTxt>Treasurer</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BRIAN RILEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 461</AddressLine1Txt>
            <CityNm>VALLEY FORGE</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19481</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BARBARA RILEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 461</AddressLine1Txt>
            <CityNm>VALLEY FORGE</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19481</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BARBARA RILEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 461</AddressLine1Txt>
            <CityNm>VALLEY FORGE</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19481</ZIPCd>
          </USAddress>
          <TitleTxt>Director</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>OFFIT CAPITAL</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>485 LEXINGTON AVENUE</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MANAGEMENT</ServiceTypeTxt>
          <CompensationAmt>307762</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>FX DUFFY &amp; CO</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>4265 KELLY DRIVE</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19129</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>TAX &amp; ACCOUNTING</ServiceTypeTxt>
          <CompensationAmt>8000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
        <CompensationOfHghstPdCntrctGrp>
          <BusinessName>
            <BusinessNameLine1Txt>SHENKMAN CAPITAL</BusinessNameLine1Txt>
          </BusinessName>
          <USAddress>
            <AddressLine1Txt>151 WEST 42ND STREET</AddressLine1Txt>
            <CityNm>NEW YORK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10036</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>INVESTMENT MANAGEMENT</ServiceTypeTxt>
          <CompensationAmt>166392</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>108731623</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>337710</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>109069333</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>109069333</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>1636040</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>107433293</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>5371665</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>5371665</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>106859</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>106859</TotalTaxAmt>
        <DistributableBeforeAdjAmt>5264806</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>5264806</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>5264806</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>3769851</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>3769851</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>5264806</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>3767796</UndistributedIncomePYAmt>
        <QualifyingDistributionsAmt>3769851</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>3767796</AppliedToYear1Amt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>2055</AppliedToCurrentYearAmt>
        <UndistributedIncomeCYAmt>5262751</UndistributedIncomeCYAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>BRIAN RILEY</ContributingManagerNm>
        <ApplicationSubmissionInfoGrp>
          <RecipientPersonNm>RILEY FAMILY FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 461</AddressLine1Txt>
            <CityNm>VALLEY FORGE</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19481</ZIPCd>
          </RecipientUSAddress>
          <RecipientPhoneNum>2154388400</RecipientPhoneNum>
          <RecipientEmailAddressTxt>none</RecipientEmailAddressTxt>
          <FormAndInfoAndMaterialsTxt>APPLICATION SHOULD BE SUBMITED IN WRITING TO THE ADDRESS OF THE FOUNDATION.</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>NONE</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>Awards will only be made to religious and educational organizations that are recognized as tax exempt charitable organizations underSection 501(c)(3) of the Internal Revenue Code of 1986.</RestrictionsOnAwardsTxt>
        </ApplicationSubmissionInfoGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>AMIGOS DE JESUS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2200 BYBERRY ROAD SUITE 110</AddressLine1Txt>
            <CityNm>HATBORO</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19040</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE TO AN ORPHANAGE</GrantOrContributionPurposeTxt>
          <Amt>32000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ST PATRICK CATHOLIC CHURCH</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>104 CHANNING AVENUE</AddressLine1Txt>
            <CityNm>MALVERN</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19355</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE TO A CATHOLIC PARISH IN THE ARCHDIOCESE OF PHILADELPHIA, PA</GrantOrContributionPurposeTxt>
          <Amt>7200</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ST AGNES DAY ROOM</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>233 W GAY STREET</AddressLine1Txt>
            <CityNm>WEST CHESTER</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19380</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE TO A CATHOLIC SOCIAL SERVICES ORGANIZATION</GrantOrContributionPurposeTxt>
          <Amt>37287</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>THE AUGUSTINIAN ORDER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 340</AddressLine1Txt>
            <CityNm>VILLANOVA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19085</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT OF A RELIGIOUS ORDER OF CATHOLIC PRIESTS.</GrantOrContributionPurposeTxt>
          <Amt>1238300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ACADEMY OF NOTRE DAME DE NAMUR</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>560 SPROUL RD</AddressLine1Txt>
            <CityNm>VILLANOVA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19085</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE TO A PRIVATE, CATHOLIC EDUCATIONAL INSTITUTION</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>CATHOLIC SOCIAL SERVICES</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>7340 JACKSON STREET</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19136</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE TO A CATHOLIC SOCIAL SERVICES ORGANIZATION</GrantOrContributionPurposeTxt>
          <Amt>1426764</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>GOOD COUNSEL</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>600 MEADOWLANDS PARKWAY</AddressLine1Txt>
            <CityNm>SECAUCUS</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>07094</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE TO A CATHOLIC SOCIAL SERVICES ORGANIZATION</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ST JOHN'S HOSPICE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>1221 RACE STREET</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19107</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE TO A CATHOLIC SOCIAL SERVICES ORGANIZATION.</GrantOrContributionPurposeTxt>
          <Amt>122000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MOTHER OF MERCY HOUSE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>720 E ALLEGHENY AVENUE</AddressLine1Txt>
            <CityNm>PHILADELPHIA</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19134</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE TO A CATHOLIC SOCIAL SERVICES ORGANIZATION.</GrantOrContributionPurposeTxt>
          <Amt>16800</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>MALVERN PREP</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>418 S WARREN AVENUE</AddressLine1Txt>
            <CityNm>MALVERN</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19355</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE TO A CATHOLIC EDUCATIONAL INSTITUTION</GrantOrContributionPurposeTxt>
          <Amt>800000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DIVINE PROVIDENCE VILLAGE</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>686 OLD MARPLE ROAD</AddressLine1Txt>
            <CityNm>SPRINGFIELD</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19064</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE TO A CATHOLIC SOCIAL SERVICES ORGANIZATION.</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>DOLAN FAMILY FOUNDATION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>10 MELVILLE PIKE ROAD</AddressLine1Txt>
            <CityNm>MELVILLE</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11747</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PF</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE TO A PRIVATE FOUNDATION.</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ST MARY OF THE ASSUMPTION</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>212 DAYTON STREET</AddressLine1Txt>
            <CityNm>PHOENIXVILLE</CityNm>
            <StateAbbreviationCd>PA</StateAbbreviationCd>
            <ZIPCd>19460</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>ASSISTANCE TO A CATHOLIC PARISH IN THE ARCHDIOCESE OF PHILADELPHIA, PA</GrantOrContributionPurposeTxt>
          <Amt>12000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>3769851</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>37</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DividendsAndInterestFromSecDtl>
          <RelatedOrExemptFunctionIncmAmt>4154434</RelatedOrExemptFunctionIncmAmt>
        </DividendsAndInterestFromSecDtl>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>4322451</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <RelatedOrExemptFunctionIncmAmt>8476922</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>8476922</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="24020490" softwareVersionNum="2024v5.2">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING</CategoryTxt>
        <Amt>8000</Amt>
        <NetInvestmentIncomeAmt>8000</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherDecreasesDetail>
        <Desc>FEDERAL TAXES PAID</Desc>
        <Amt>148909</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>NONDEDUCTIBLE EXPENSES</Desc>
        <Amt>52</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherExpensesScheduleGrp>
        <Desc>ANNUAL REGISTRATION</Desc>
        <RevenueAndExpensesPerBooksAmt>125</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>125</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>75</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>75</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT EXPENSES PER K1S</Desc>
        <RevenueAndExpensesPerBooksAmt>260269</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>260269</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>474154</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>474154</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>283</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>283</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>POSTAGE</Desc>
        <RevenueAndExpensesPerBooksAmt>256</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>256</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="OtherIncreasesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <OtherIncreasesDetail>
        <Desc>NON-DIVIDEND DISTRIBUTIONS</Desc>
        <Amt>1655</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="24020490" softwareVersionNum="2024v5.2">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>23040</Amt>
        <NetInvestmentIncomeAmt>23040</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>