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    <ReturnTs>2017-02-15T06:24:51-06:00</ReturnTs>
    <TaxPeriodEndDt>2016-09-30</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>133597814</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>SKODY SCOT &amp; CO CPAS PC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>520 EIGHTH AVE SUITE 2200</AddressLine1Txt>
        <CityNm>NEW YORK</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10018</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2015-10-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>356906882</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>ILYA AND EMILIA KABAKOV FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>ILYA</BusinessNameControlTxt>
      <PhoneNum>2129671100</PhoneNum>
      <USAddress>
        <AddressLine1Txt>1700 PARK AVE</AddressLine1Txt>
        <CityNm>MATTITUCK</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>11952</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>EMILIA KABAKOV</PersonNm>
      <PersonTitleTxt>TRUSTEE</PersonTitleTxt>
      <PhoneNum>2129671100</PhoneNum>
      <SignatureDt>2017-02-15</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>WILLIAM SKODY</PreparerPersonNm>
      <PTIN>P00631754</PTIN>
      <PhoneNum>2129671100</PhoneNum>
      <PreparationDt>2017-02-14</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2015</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
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      <FMVAssetsEOYAmt>1889143</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
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        <DividendsAdjNetIncmAmt>6266</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>937</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>57353</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>937</CapGainNetIncmNetInvstIncmAmt>
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        <OtherIncomeAdjNetIncmAmt>16742</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>184019</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>7246</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>23988</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
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        <CompOfcrDirTrstAdjNetIncmAmt>0</CompOfcrDirTrstAdjNetIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>0</CompOfcrDirTrstDsbrsChrtblAmt>
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        <LegalFeesNetInvstIncmAmt>0</LegalFeesNetInvstIncmAmt>
        <LegalFeesAdjNetIncmAmt>0</LegalFeesAdjNetIncmAmt>
        <LegalFeesDsbrsChrtblAmt>778</LegalFeesDsbrsChrtblAmt>
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        <OtherProfFeesDsbrsChrtblAmt>0</OtherProfFeesDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>149</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>0</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingAdjNetIncmAmt>0</TravConfMeetingAdjNetIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>149</TravConfMeetingDsbrsChrtblAmt>
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        <OtherExpensesNetInvstIncmAmt>370</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>17112</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>40085</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>63259</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>5005</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>21747</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>41512</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>5000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>5000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>68259</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>5005</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>21747</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>46512</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>115760</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>2241</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>2241</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>1747149</CashBOYAmt>
        <CashEOYAmt>372429</CashEOYAmt>
        <CashEOYFMVAmt>372429</CashEOYFMVAmt>
        <SavAndTempCashInvstEOYAmt>906246</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>906246</SavAndTempCashInvstEOYFMVAmt>
        <CorporateStockBOYAmt>0</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">595129</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>610468</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>1747149</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>1873804</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1889143</TotalAssetsEOYFMVAmt>
        <AccountsPayableEOYAmt>10895</AccountsPayableEOYAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>10895</TotalLiabilitiesEOYAmt>
        <OrganizationFollowsSFAS117Ind>X</OrganizationFollowsSFAS117Ind>
        <UnrestrictedBOYAmt>1747149</UnrestrictedBOYAmt>
        <UnrestrictedEOYAmt>1862909</UnrestrictedEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1747149</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>1862909</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1747149</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>1873804</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1747149</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>115760</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>1862909</SubtotalAmt>
        <OtherDecreasesAmt>0</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>1862909</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>57353</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>56416</CostOrOtherBasisAmt>
          <GainOrLossAmt>937</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>937</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>937</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>937</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>10784</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>1687965</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.006389</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>84662</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>1235865</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.068504</DistributionYr2Rt>
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        <TotalDistributionRt>0.211379</TotalDistributionRt>
        <AverageDistributionRt>0.070460</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>1811375</NetVlNoncharitableAssetsAmt>
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        <NetInvestmentIncomePctAmt>22</NetInvestmentIncomePctAmt>
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      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>45</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>45</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>45</TaxBasedOnInvestmentIncomeAmt>
        <TotalPaymentsAndCreditsAmt>0</TotalPaymentsAndCreditsAmt>
        <TaxDueAmt>45</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>0</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>1</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>NY</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>THE FOUNDATION</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2129671100</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1700 PARK AVE</AddressLine1Txt>
          <CityNm>MATTITUCK</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>11952</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>0</ForeignAccountsQuestionInd>
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        <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>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
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      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>EMILIA KABAKOV</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O ORG 1700 PARK AVENUE</AddressLine1Txt>
            <CityNm>MATTITUCK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11952</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
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          <CompensationAmt>0</CompensationAmt>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>VIOLA KANEVSKY</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O ORG 1700 PARK AVENUE</AddressLine1Txt>
            <CityNm>MATTITUCK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11952</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
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        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ISIS KANEVSKY</PersonNm>
          <USAddress>
            <AddressLine1Txt>C/O ORG 1700 PARK AVENUE</AddressLine1Txt>
            <CityNm>MATTITUCK</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11952</ZIPCd>
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          <TitleTxt>TRUSTEE</TitleTxt>
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          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
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        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
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      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>THE SHIP OF TOLERANCE - THE MISSION OF THE SHIP OF TOLERANCE IS TO EDUCATE AND CONNECT YOUTH OF DIFFERENT CONTINENTS, CULTURES, AND IDENTITIES THROUGH THE LANGUAGE OF ART. IT IS A CONCEPTUAL PIECE THAT IS MEANT TO REFLECT HOW DIVERGENT CULTURES INTERPRET TOLERANCE AND HOW THESE INTERPRETATIONS OVERLAP. THE SHIP'S SAILS ARE STITCHED TOGETHER FROM PAINTINGS BY HUNDREDS OF LOCAL SCHOOLCHILDREN FROM DIFFERENT ETHNIC AND SOCIAL BACKGROUNDS, AND WILL CONVEY A MESSAGE OF TOLERANCE AND HOPE. BY PARTICIPATING IN THE CREATION OF THIS SHIP CHILDREN WILL LEARN ABOUT RESPECTING DIFFERENT CULTURES AND IDEAS WHILE APPRECIATING HOW THEY DIFFER FROM THEIR OWN. IN SHORT, THROUGH THIS CREATIVE PROCESS THEY WILL BOTH DEMONSTRATE AND GAIN A VIBRANT LESSON IN TOLERANCE.</Description1Txt>
        <Expenses1Amt>53182</Expenses1Amt>
        <Description2Txt>THE KABAKOV AWARD - AN HONORARY FELLOWSHIP AWARDED TO A TYLER SCHOOL OF ART STUDENT COMPLETING AN MFA DEGREE, WHOSE ACHIEVEMENT HAS BEEN RECOGNIZED AS DEMONSTRATING EXTRAORDINARY PROMISE IN ANY AREA OF ARTISTIC PRACTICE.</Description2Txt>
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        <MinimumInvestmentReturnAmt>90569</MinimumInvestmentReturnAmt>
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        <TotalAssetsSect4942j3BiGrp>
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          <Year2Amt>42632</Year2Amt>
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