﻿<?xml version="1.0" encoding="utf-8"?>
<Return returnVersion="2016v3.0" xsi:schemaLocation="http://www.irs.gov/efile" xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2017-10-04T14:42:35-07:00</ReturnTs>
    <TaxPeriodEndDt>2016-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>CHORRO ASSOCIATES INC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>555 CHORRO ST STE D1</AddressLine1Txt>
        <CityNm>SAN LUIS OBISPO</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>934052377</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2016-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>770440553</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>LAURENCE C GAEBE FAMILY FOUNDATION</BusinessNameLine1Txt>
        <BusinessNameLine2Txt>INCORPORATED</BusinessNameLine2Txt>
      </BusinessName>
      <BusinessNameControlTxt>LAUR</BusinessNameControlTxt>
      <PhoneNum>8055436315</PhoneNum>
      <USAddress>
        <AddressLine1Txt>PO BOX 693</AddressLine1Txt>
        <CityNm>AVILA BEACH</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>93424</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>ANNE GAEBE HALL</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <SignatureDt>2017-10-04</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Paul D Porter CPA</PreparerPersonNm>
      <PTIN>P00289920</PTIN>
      <PhoneNum>8055437227</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2016</TaxYr>
    <BuildTS>2021-01-29 14:40:06Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="6">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="16000303" softwareVersionNum="2016v3.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>401895</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <DividendsRevAndExpnssAmt>13137</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>13137</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>-12425</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>237898</GrossSalesPriceAmt>
        <TotalRevAndExpnssAmt>712</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>13137</TotalNetInvstIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSchedule">750</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>750</LegalFeesNetInvstIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSchedule">1740</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>1740</AccountingFeesNetInvstIncmAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="OtherProfessionalFeesSchedule">5405</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>5405</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">10</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>10</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">36</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>36</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>7941</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>7941</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>27000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>27000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>34941</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>7941</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>27000</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-34229</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>5196</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>5567</CashBOYAmt>
        <CashEOYAmt>8032</CashEOYAmt>
        <CashEOYFMVAmt>8032</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>5685</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>7676</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>7676</SavAndTempCashInvstEOYFMVAmt>
        <OtherInvestmentsBOYAmt>402555</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt>363870</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>386187</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>413807</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>379578</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>401895</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <RetainedEarningBOYAmt>413807</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>379578</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>413807</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>379578</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>413807</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>379578</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>413807</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-34229</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>379578</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>379578</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>58.914 AMERICAN CNT GRW INVS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2001-01-01</AcquiredDt>
          <SoldDt>2016-01-20</SoldDt>
          <GrossSalesPriceAmt>992</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1093</CostOrOtherBasisAmt>
          <GainOrLossAmt>-101</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-101</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>5203.763 AMERICAN CENT GOV BD INVS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2001-01-01</AcquiredDt>
          <SoldDt>2016-11-10</SoldDt>
          <GrossSalesPriceAmt>57918</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>58344</CostOrOtherBasisAmt>
          <GainOrLossAmt>-426</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-426</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1388.503 JPM LGCP GRW A</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-12-16</AcquiredDt>
          <SoldDt>2016-01-20</SoldDt>
          <GrossSalesPriceAmt>43793</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>50000</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6207</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6207</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1971.683 CATALYST HDG FUT STRAT</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2001-01-01</AcquiredDt>
          <SoldDt>2016-09-22</SoldDt>
          <GrossSalesPriceAmt>23877</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>21666</CostOrOtherBasisAmt>
          <GainOrLossAmt>2211</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2211</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>300 SPDR S&amp;P 500</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-09-03</AcquiredDt>
          <SoldDt>2016-01-20</SoldDt>
          <GrossSalesPriceAmt>54770</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>58809</CostOrOtherBasisAmt>
          <GainOrLossAmt>-4039</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-4039</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>3359.981 AMERICAN CENT DSCP GRW INVS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2001-01-01</AcquiredDt>
          <SoldDt>2016-01-20</SoldDt>
          <GrossSalesPriceAmt>56548</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>60411</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3863</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3863</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>-12425</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>-10246</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>104</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>104</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>104</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>2088</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>2088</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>1984</OverpaymentAmt>
        <AppliedToESTaxAmt>1984</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <Form990TFiledInd>false</Form990TFiledInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>CA</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>ANNE GAEBE-HALL</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>8055436315</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>193 FRONT STREET</AddressLine1Txt>
          <CityNm>AVILA BEACH</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>93424</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>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <ExcessBusinessHoldingsInd>false</ExcessBusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <TransactionsFailToQlfyAsExcInd>false</TransactionsFailToQlfyAsExcInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <ProceedsOrNetIncomeInd>false</ProceedsOrNetIncomeInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LAURENCE R GAEBE</PersonNm>
          <USAddress>
            <AddressLine1Txt>1942 RAYMOND AVE</AddressLine1Txt>
            <CityNm>TEMPLETON</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93405</ZIPCd>
          </USAddress>
          <TitleTxt>Vice President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>JOHN F SACHS</PersonNm>
          <USAddress>
            <AddressLine1Txt>1510 HIGHERA STREET</AddressLine1Txt>
            <CityNm>SAN LUIS OBISPO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93401</ZIPCd>
          </USAddress>
          <TitleTxt>Secretary</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>PAUL D PORTER</PersonNm>
          <USAddress>
            <AddressLine1Txt>555 CHORRO STREET STE D1</AddressLine1Txt>
            <CityNm>SAN LUIS OBISPO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93405</ZIPCd>
          </USAddress>
          <TitleTxt>Treasurer</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ANNE E GAEBE HALL</PersonNm>
          <USAddress>
            <AddressLine1Txt>PO BOX 696</AddressLine1Txt>
            <CityNm>AVILA BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93424</ZIPCd>
          </USAddress>
          <TitleTxt>President</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>NONOPERATING PRIVATE FOUNDATION MADE CHARITABLE CONTRIBUTIONS OF $27,000 TO OTHER CHARITABLE ORGANIZATIONS DURING THE YEAR. SEE PART XV FOR DETAILS OF DONATIONS.</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>390528</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>26366</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>416894</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>416894</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>6253</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>410641</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>20532</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>20532</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>104</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>104</TotalTaxAmt>
        <DistributableBeforeAdjAmt>20428</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>20428</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>20428</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>27000</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>27000</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>27000</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>20428</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr4Amt>2216</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>5029</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>4316</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>11329</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>22890</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>27000</QualifyingDistributionsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>20428</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>6572</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>29462</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>29462</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>2216</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>5029</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>4316</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>11329</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>6572</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>LAVONNE GAEBE NURSING FUND</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 8106</AddressLine1Txt>
            <CityNm>SAN LUIS OBISPO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93403</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NONE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SEE PART IX-A</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>NORTH COUNTY HUMANE SOCIETY</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>2300 RAMONA ROAD</AddressLine1Txt>
            <CityNm>ATASCADERO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93422</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NONE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SEE PART IX-A</GrantOrContributionPurposeTxt>
          <Amt>2000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>PRADO DAY CENTER</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 12444</AddressLine1Txt>
            <CityNm>SAN LUIS OBISPO</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93406</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NONE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SEE PART IX-A</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientPersonNm>ANIMAL SHELTER ADOPTION PARTNERS</RecipientPersonNm>
          <RecipientUSAddress>
            <AddressLine1Txt>900 STAGECOACH ROAD</AddressLine1Txt>
            <CityNm>ARROYO GRANDE</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>93420</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>NONE</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SEE PART IX-A</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>27000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>13137</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>-12425</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>712</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>712</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="16000303" softwareVersionNum="2016v3.0">
      <AccountingFeesDetail>
        <CategoryTxt>TAX PREPARATION</CategoryTxt>
        <Amt>1740</Amt>
        <NetInvestmentIncomeAmt>1740</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <LegalFeesSchedule documentId="LegalFeesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>750</LegalFeesAmt>
        <NetInvestmentIncomeAmt>750</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>36</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>36</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="OtherProfessionalFeesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT FEES</CategoryTxt>
        <Amt>5405</Amt>
        <NetInvestmentIncomeAmt>5405</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>0</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="TaxesSchedule" softwareId="16000303" softwareVersionNum="2016v3.0">
      <TaxesDetail>
        <CategoryTxt>FRANCHISE TAX BOARD</CategoryTxt>
        <Amt>10</Amt>
        <NetInvestmentIncomeAmt>10</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>