﻿<?xml version="1.0" encoding="utf-8"?>
<Return xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2016v3.0" xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-11-15T16:38:37-06:00</ReturnTs>
    <TaxPeriodEndDt>2016-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>341873282</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>CBIZ MHM LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>222 SOUTH 9TH STREET SUITE 1000</AddressLine1Txt>
        <CityNm>MINNEAPOLIS</CityNm>
        <StateAbbreviationCd>MN</StateAbbreviationCd>
        <ZIPCd>55402</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2016-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>204083846</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>IN A PERFECT WORLD FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>INAP</BusinessNameControlTxt>
      <PhoneNum>8669231555</PhoneNum>
      <USAddress>
        <AddressLine1Txt>8491 w sunset blvd box 515</AddressLine1Txt>
        <CityNm>los angeles</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>90069</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Judith McDaniel</PersonNm>
      <PersonTitleTxt>Treasurer</PersonTitleTxt>
      <PhoneNum>8669231555</PhoneNum>
      <SignatureDt>2017-11-15</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>ANNE M LEDWEIN</PreparerPersonNm>
      <PTIN>P00448677</PTIN>
      <PhoneNum>6123397811</PhoneNum>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>96.82.199.45</IPv4AddressTxt>
      </IPAddress>
      <IPDt>2017-11-15</IPDt>
      <IPTm>16:10:17</IPTm>
      <IPTimezoneCd>CS</IPTimezoneCd>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>DA39A3EE5E6B4B0D3255BFEF95601890AFD80709</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>082AD2AE5512C5EF320BE52CFEC7E2EC77C88B51</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2016</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>3226982</FMVAssetsEOYAmt>
      <MethodOfAccountingAccrualInd>X</MethodOfAccountingAccrualInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>148160</ContriRcvdRevAndExpnssAmt>
        <InterestOnSavRevAndExpnssAmt>133</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>133</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>78449</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>78449</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>79082</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>2225951</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>79082</CapGainNetIncmNetInvstIncmAmt>
        <GrossSalesLessRetAndAllwncAmt>5600</GrossSalesLessRetAndAllwncAmt>
        <CostOfGoodsSoldAmt>1407</CostOfGoodsSoldAmt>
        <GrossProfitRevAndExpnssAmt>4193</GrossProfitRevAndExpnssAmt>
        <TotalRevAndExpnssAmt>310017</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>157664</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>58000</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>11600</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>46400</CompOfcrDirTrstDsbrsChrtblAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>1638</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>328</OthEmplSlrsWgsNetInvstIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>1310</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>5147</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>1029</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftDsbrsChrtblAmt>4118</PensionEmplBnftDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002100001">53786</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>5379</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>48407</LegalFeesDsbrsChrtblAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">51688</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>5088</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>46600</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">2600</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>0</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>91048</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingNetInvstIncmAmt>0</TravConfMeetingNetInvstIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>91048</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">105568</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>3298</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>62648</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>369475</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>26722</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>300531</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>209750</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>209750</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>579225</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>26722</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>510281</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-269208</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>130942</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>290201</CashBOYAmt>
        <CashEOYAmt>173732</CashEOYAmt>
        <CashEOYFMVAmt>173732</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>319944</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>17120</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>17120</SavAndTempCashInvstEOYFMVAmt>
        <AcctRcvblAmt>1712</AcctRcvblAmt>
        <AcctRcvblBOYAmt>384</AcctRcvblBOYAmt>
        <AcctRcvblEOYAmt>1712</AcctRcvblEOYAmt>
        <AcctRcvblEOYFMVAmt>1712</AcctRcvblEOYFMVAmt>
        <InventoriesEOYAmt>18848</InventoriesEOYAmt>
        <InventoriesEOYFMVAmt>18848</InventoriesEOYFMVAmt>
        <CorporateBondsBOYAmt>2876580</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc2044400001">3006930</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>3006930</CorporateBondsEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc2046600001">0</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc2046600001">8640</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc2046600001">8640</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>3487109</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>3226982</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>3226982</TotalAssetsEOYFMVAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="RetDoc2065700001">2951</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="RetDoc2065700001">22581</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>2951</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>22581</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <CapitalStockBOYAmt>0</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>0</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>3484158</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>3204401</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>3484158</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>3204401</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>3487109</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>3226982</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>3484158</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-269208</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>3214950</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc2049800001">10549</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>3204401</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ROYAL ALLIANCE 0573</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>5459</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6460</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1001</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1001</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ROYAL ALLIANCE 0573</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>118696</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>129658</CostOrOtherBasisAmt>
          <GainOrLossAmt>-10962</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-10962</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ROYAL ALLIANCE 0573</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>105231</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>110187</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4956</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4956</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ROYAL ALLIANCE 4713</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>202169</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>193494</CostOrOtherBasisAmt>
          <GainOrLossAmt>8675</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>8675</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ROYAL ALLIANCE 4713</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>1318180</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1368354</CostOrOtherBasisAmt>
          <GainOrLossAmt>-50174</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-50174</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ROYAL ALLIANCE 4713</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>453192</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>338716</CostOrOtherBasisAmt>
          <GainOrLossAmt>114476</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>114476</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Capital Gains Dividends</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>23024</GrossSalesPriceAmt>
          <GainOrLossAmt>23024</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>23024</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>79082</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>330590</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>3519201</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.093939</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>244533</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>3656782</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.066871</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>159944</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>3676048</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.043510</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>89492</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>3652224</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.024503</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>96808</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>3672891</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.026357</DistributionYr5Rt>
        <TotalDistributionRt>0.255180</TotalDistributionRt>
        <AverageDistributionRt>0.051036</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>3191015</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>162857</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>1309</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>164166</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>510281</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>1309</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>1309</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>1309</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>2517</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>2517</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>1208</OverpaymentAmt>
        <AppliedToESTaxAmt>1208</AppliedToESTaxAmt>
        <RefundAmt>0</RefundAmt>
      </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>MN</OrgReportOrRegisterStateCd>
        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>1</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>0</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>0</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>0</OwnControlledEntityInd>
        <DonorAdvisedFundInd>0</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>1</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>IAPW.ORG</WebsiteAddressTxt>
        <IndividualWithBooksNm>JUDITH MCDANIEL</IndividualWithBooksNm>
        <PhoneNum>8669231555</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>24991 SODERBECK RD</AddressLine1Txt>
          <CityNm>GRANTSBURG</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>54840</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>
        <RcvFndsToPayPrsnlBnftCntrctInd>0</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>0</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>0</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MANUELA TESTOLINI</PersonNm>
          <USAddress>
            <AddressLine1Txt>8491 w sunset blvd box 515</AddressLine1Txt>
            <CityNm>los angeles</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90069</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>35000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>NORMAN BAILEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>8491 w sunset blvd box 515</AddressLine1Txt>
            <CityNm>los angeles</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90069</ZIPCd>
          </USAddress>
          <TitleTxt>CHAIR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>25.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>CHRISTINE ONESKY</PersonNm>
          <USAddress>
            <AddressLine1Txt>8491 w sunset blvd box 515</AddressLine1Txt>
            <CityNm>los angeles</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90069</ZIPCd>
          </USAddress>
          <TitleTxt>BOARD MEMBER</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>20.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Judith McDaniel</PersonNm>
          <USAddress>
            <AddressLine1Txt>8491 w sunset blvd box 515</AddressLine1Txt>
            <CityNm>los angeles</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90069</ZIPCd>
          </USAddress>
          <TitleTxt>Treasurer</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>35.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>23000</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>GIVING TREE PROGRAM - IAPW supports community-based organizations and educators designed to implement innovative strategies &amp; programs designed to allow youth to express themselves about issues that impact their live &amp; to reach their full potential. In 2016, we gained two new partners: 1 - Horton's Kids, which empowers at-risk children in grades K through 12 and prepares them for college, career, &amp; life through educational opportunities &amp; comprehensive programs tailored to their needs. IAPW sponsored Horton's Kids mentorship program which will continue into 2017, supporting 200 children in the high-poverty community of Wellington Park in Washington, D.C. 2 - P.A.I.N.T.S Institute whose mission is to Create an Arts Ripple Effect" TO promote the ARTS as a catalyst for the healthy development of today's youth &amp; enhance their abilities to positively impact their communities. Continuing our long-standing support of arts empowerment, IAPW supported mentoring programs.</Description1Txt>
        <Expenses1Amt>36136</Expenses1Amt>
        <Description2Txt>YOUTH AMBASSADORS - Ambassadors offer young people a wonderful opportunity to serve as liaisons between community youth &amp; the IAPW Foundation &amp; actively represent their region for a one year term. THEY are skilled volunteers responsible for keeping in contact with IAPW &amp; coordinating projects IN their community. We expanded our Youth Ambassador program into the Washington, D.C. area. They worked hard to bring educational community projects to life. Whether cleaning up a community for Earth Day or working on a farm to teach kids about sustainability &amp; healthy eating, IAPW ambassadors made their mark &amp; made a difference. Our team grew stronger as we welcomed new ambassadors Kennedi Urruti, Isaiah Mosley, Sierra Romero, Seth Henderson &amp; Shelvee Casey joined Kelsy Dominick on the Youth Advisory Board. Our Junior Ambassador, Lucia Bella, rode her trike for sick kids, taught fellow pre-school kids about recycling on Earth Day, packed up backpacks full of school sUPPLIES FOR KIDS IN NEED.</Description2Txt>
        <Expenses2Amt>8488</Expenses2Amt>
        <Description3Txt>REACH - In 2016, we funded 9 schools in 6 different countries, giving hundreds more children access to education &amp; helping to break the cycle of poverty and illiteracy. Whether it's building a school so that children wouldn't have to walk 10km to the nearest school or replacing a broken down, unsuitable structure with a clean, safe and nurturing learning environment, everywhere an IAPW school was built, we made a difference in a community. We now have 5,000 children being educated in 28 schools funded by IAPW. Over the course of the year, our founder, Manuela Testolini, traveled 33,437.89 miles across 5 countries, visiting 1400 + kids benefitting from IAPW's support.Earlier this year, we tragically lost music legend Prince. To honor him and his commitment to service and education, our founder pledged to fund and dedicate a school to him. And we did. In October, 282 children started classes at the new school in the village of Ng'ozo. The Prince community was so inspired by our</Description3Txt>
        <Expenses3Amt>248625</Expenses3Amt>
        <Description4Txt>REACH - (cont). - pledge that they donated funds to seed a second school in Malawi. The IAPW team stayed in Malawi to break ground on a second school, lay the foundation side by side with the community. The school was completed on December 15th, welcoming 174 students. Thanks to a partnership with MPOWERD &amp; DirectEnergy, we were also able to distribute more than 800 solar lights to communities without electricity. These lights lit the path to education for children who travel from long distances to attend IAPW-funded schools. It also means that children have a light to study by at night, and adults who are inspired to learn can do so as well. Two thirds of the world's 785 million illiterate adults are female. This year we launched an International Women's Day campaign in partnership with buildOn to support literacy for women in the developing world. We also participated in our first all-women trek in Haiti. Led by a female construction team we broke ground on IAPW's 28th school.</Description4Txt>
        <Expenses4Amt>0</Expenses4Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>2779841</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>459768</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>3239609</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>3239609</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>48594</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>3191015</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>159551</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>159551</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1309</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1309</TotalTaxAmt>
        <DistributableBeforeAdjAmt>158242</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>158242</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>158242</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>510281</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>510281</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>1309</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>508972</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>158242</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr1Amt>40860</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>40860</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>510281</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>158242</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>352039</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>392899</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>0</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>392899</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear1Amt>40860</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>352039</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <ContributingManagerNm>MANUELA TESTOLINI</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>build On</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>po Box 16741</AddressLine1Txt>
            <CityNm>stamford</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06905</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>none</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>public</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>Burkina faso</GrantOrContributionPurposeTxt>
          <Amt>183000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>friends of the grantsburg library inc</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>po box 712</AddressLine1Txt>
            <CityNm>grantsburg</CityNm>
            <StateAbbreviationCd>WI</StateAbbreviationCd>
            <ZIPCd>54840</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>after school reading program</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MUSICARES</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>3030 OLYMPIC BLVD</AddressLine1Txt>
            <CityNm>SANTA MONICA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90404</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General Funding</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PROJECT HOPE INTERNATIONAL</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>po box 5029</AddressLine1Txt>
            <CityNm>hagerstown</CityNm>
            <StateAbbreviationCd>MD</StateAbbreviationCd>
            <ZIPCd>21741</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>General FundinG</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>greater los angeles zoo</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5333 ZOO DRIVE</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90027</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PRIVATE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>COMMUNITY OUTREACH PROGRAMS</GrantOrContributionPurposeTxt>
          <Amt>300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>st jude children's research</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5353 WAYZATA BLVD 500</AddressLine1Txt>
            <CityNm>ST LOUIS PARK</CityNm>
            <StateAbbreviationCd>MN</StateAbbreviationCd>
            <ZIPCd>55416</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PRIVATE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL FUNDING</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>walk in her shoes</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>151 ELLIS STREET NE</AddressLine1Txt>
            <CityNm>ATLANTA</CityNm>
            <StateAbbreviationCd>GA</StateAbbreviationCd>
            <ZIPCd>30303</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL FUNDING</GrantOrContributionPurposeTxt>
          <Amt>780</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>mayte rescue</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>4816 HASKELL AVE</AddressLine1Txt>
            <CityNm>ENCINO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91436</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL FUNDING</GrantOrContributionPurposeTxt>
          <Amt>500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>save the children</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>501 KINGS HIGHWAY EAST SUITE 400</AddressLine1Txt>
            <CityNm>FAIRFIELD</CityNm>
            <StateAbbreviationCd>CT</StateAbbreviationCd>
            <ZIPCd>06825</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL FUNDING</GrantOrContributionPurposeTxt>
          <Amt>20</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Strathmore Blvd Church of Christ</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientForeignAddress>
            <AddressLine1Txt>346 STRATHMORE BLVD</AddressLine1Txt>
            <CityNm>TORONTO</CityNm>
            <ProvinceOrStateNm>ONTARIO</ProvinceOrStateNm>
            <CountryCd>CA</CountryCd>
            <ForeignPostalCd>M4C 1N3</ForeignPostalCd>
          </RecipientForeignAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>orphanage in Fonds Parisien, Haiti</GrantOrContributionPurposeTxt>
          <Amt>3000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>American Initiative for Italian Culture</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2725 DUMBARTON ST NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20007</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>GENERAL FUNDING</GrantOrContributionPurposeTxt>
          <Amt>150</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>209750</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>133</ExclusionAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>78449</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>79082</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <GrossProfitLossSlsOfInvntryGrp>
          <ExclusionCd>05</ExclusionCd>
          <ExclusionAmt>4193</ExclusionAmt>
        </GrossProfitLossSlsOfInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>161857</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>0</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>161857</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <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>MANUELA TESTOLINI</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>8491 W SUNSET BLVD BOX 515</AddressLine1Txt>
          <CityNm>LOS ANGELES</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90069</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>76614</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>DAVID FOSTER</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>10990 WILSHIRE BLVD 8TH FLOOR</AddressLine1Txt>
          <CityNm>LOS ANGELES</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90024</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>3</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>SABAN FAMILY FOUNDATION</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>10100 SANTA MONICA BLVD</AddressLine1Txt>
          <CityNm>LOS ANGELES</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90067</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>10000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>4</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>GAMILLAH INCORPORATED</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>24991 SODERBECK ROAD</AddressLine1Txt>
          <CityNm>GRANTSBURG</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>54840</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>18848</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>5</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>GAMILLAH INCORPORATED</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>24991 SODERBECK ROAD</AddressLine1Txt>
          <CityNm>GRANTSBURG</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>54840</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>268</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>6</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>gamILLAH INCORPORATED</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>24991 SODERBECK ROAD</AddressLine1Txt>
          <CityNm>gRANTSBURG</CityNm>
          <StateAbbreviationCd>WI</StateAbbreviationCd>
          <ZIPCd>54840</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>8600</TotalContributionsAmt>
        <NoncashContributionInd>X</NoncashContributionInd>
      </ContributorInformationGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>4</ContributorNum>
        <NoncashPropertyDesc>accessories</NoncashPropertyDesc>
        <FairMarketValueAmt>18848</FairMarketValueAmt>
        <ReceivedDt>2016-12-30</ReceivedDt>
      </NonCashPropertyContributionGrp>
      <NonCashPropertyContributionGrp>
        <ContributorNum>6</ContributorNum>
        <NoncashPropertyDesc>trademarks &amp; patents</NoncashPropertyDesc>
        <FairMarketValueAmt>8600</FairMarketValueAmt>
        <ReceivedDt>2016-12-30</ReceivedDt>
      </NonCashPropertyContributionGrp>
    </IRS990ScheduleB>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorporateBondsGrp>
        <BondNm>ARC Healthcare Trust</BondNm>
        <EOYBookValueAmt>387498</EOYBookValueAmt>
        <EOYFMVAmt>387498</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>AMG MANAGERS LAKE PARTNERS LASSO</BondNm>
        <EOYBookValueAmt>194354</EOYBookValueAmt>
        <EOYFMVAmt>194354</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>ALGER SPECTRA FUND CLASS I</BondNm>
        <EOYBookValueAmt>127932</EOYBookValueAmt>
        <EOYFMVAmt>127932</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BARON EMERGING MARKETS FUND</BondNm>
        <EOYBookValueAmt>43518</EOYBookValueAmt>
        <EOYFMVAmt>43518</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>BLACKROCK STRATEGIC INCOME OPPT</BondNm>
        <EOYBookValueAmt>348006</EOYBookValueAmt>
        <EOYFMVAmt>348006</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>COLUMBIA CONTRARIAN CORE FUND CLASS R4</BondNm>
        <EOYBookValueAmt>192560</EOYBookValueAmt>
        <EOYFMVAmt>192560</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>DREYFUS STRATEGIC VALUE FUND CLASS I</BondNm>
        <EOYBookValueAmt>128834</EOYBookValueAmt>
        <EOYFMVAmt>128834</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>JP MORGAN HIGH YIELD FUND SELECT</BondNm>
        <EOYBookValueAmt>65131</EOYBookValueAmt>
        <EOYFMVAmt>65131</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LORD ABBETT TOTAL RETURN FUND CLASS F</BondNm>
        <EOYBookValueAmt>218376</EOYBookValueAmt>
        <EOYFMVAmt>218376</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LORD ABBETT SHORT DURATION INCOME FD</BondNm>
        <EOYBookValueAmt>108304</EOYBookValueAmt>
        <EOYFMVAmt>108304</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LORD ABBETT HIGH-YIELD FUND CLASS F</BondNm>
        <EOYBookValueAmt>86662</EOYBookValueAmt>
        <EOYFMVAmt>86662</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LORD ABBETT BOND-DEBENTURE FUND CLASS F</BondNm>
        <EOYBookValueAmt>108605</EOYBookValueAmt>
        <EOYFMVAmt>108605</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>MFS MID CAP VALUE FUND CLASS I</BondNm>
        <EOYBookValueAmt>193289</EOYBookValueAmt>
        <EOYFMVAmt>193289</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>METROPOLITAN WEST TOTAL RETURN BOND</BondNm>
        <EOYBookValueAmt>306168</EOYBookValueAmt>
        <EOYFMVAmt>306168</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
      <InvestmentsCorporateBondsGrp>
        <BondNm>LORD ABBETT SHT DURATION INC A</BondNm>
        <EOYBookValueAmt>497693</EOYBookValueAmt>
        <EOYFMVAmt>497693</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>53786</LegalFeesAmt>
        <NetInvestmentIncomeAmt>5379</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>48407</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>EDUCATIONAL DOCUMENTARY</Desc>
        <BOYBookValueAmt>150000</BOYBookValueAmt>
        <EOYBookValueAmt>150000</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>LESS: ACCUMULATED AMORTIZATION</Desc>
        <BOYBookValueAmt>-150000</BOYBookValueAmt>
        <EOYBookValueAmt>-150000</EOYBookValueAmt>
        <EOYFMVAmt>0</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>DOMAINS AND OR TRADEMARKS</Desc>
        <BOYBookValueAmt>0</BOYBookValueAmt>
        <EOYBookValueAmt>8640</EOYBookValueAmt>
        <EOYFMVAmt>8640</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>unrealized loss on investments</Desc>
        <Amt>10549</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>2711</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>2711</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Office Expenses</Desc>
        <RevenueAndExpensesPerBooksAmt>14405</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2881</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>11524</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>WEBSITE</Desc>
        <RevenueAndExpensesPerBooksAmt>14964</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Payroll Fees</Desc>
        <RevenueAndExpensesPerBooksAmt>2084</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>417</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1667</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MN Annual Registration</Desc>
        <RevenueAndExpensesPerBooksAmt>25</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>25</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CA Annual Registration</Desc>
        <RevenueAndExpensesPerBooksAmt>60</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>60</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PRINTING AND PUBLICATIONS</Desc>
        <RevenueAndExpensesPerBooksAmt>24822</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>24822</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>FUNDRAISING</Desc>
        <RevenueAndExpensesPerBooksAmt>24658</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>1234</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>1234</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>supplies</Desc>
        <RevenueAndExpensesPerBooksAmt>20605</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>20605</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>adjustment</Desc>
        <RevenueAndExpensesPerBooksAmt>0</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherLiabilitiesSchedule documentId="RetDoc2065700001">
      <OtherLiabilitiesDetail>
        <Desc>Credit Card Liabilities</Desc>
        <BOYBookValueAmt>2951</BOYBookValueAmt>
        <EOYBookValueAmt>22581</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>contract services</CategoryTxt>
        <Amt>46600</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>46600</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>asset management fees</CategoryTxt>
        <Amt>5088</Amt>
        <NetInvestmentIncomeAmt>5088</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>federal excise tax</CategoryTxt>
        <Amt>2600</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>