﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2015v2.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2016-05-04T10:20:17-05:00</ReturnTs>
    <TaxPeriodEndDt>2015-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>135549855</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>Davidson Dawson &amp; Clark LLP</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>60 E 42nd St 38th Fl</AddressLine1Txt>
        <CityNm>New York</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10165</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2015-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>271136617</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>The Wallace Fox Foundation</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>WALL</BusinessNameControlTxt>
      <PhoneNum>2125577700</PhoneNum>
      <USAddress>
        <AddressLine1Txt>Davidson Dawson 60 E 42nd St No 38</AddressLine1Txt>
        <CityNm>New York</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>10165</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Gloria S Neuwirth</PersonNm>
      <PersonTitleTxt>Trustee</PersonTitleTxt>
      <PhoneNum>9143290993</PhoneNum>
      <SignatureDt>2016-05-04</SignatureDt>
      <DiscussWithPaidPreparerInd>1</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Marcia A Escobar</PreparerPersonNm>
      <PTIN>P01428022</PTIN>
      <PhoneNum>2125577700</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2015</TaxYr>
    <BuildTS>2016-09-27 15:27:22Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="9">
    <IRS990PF documentId="RetDoc1235000001">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>3408680</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ScheduleBNotRequiredInd>X</ScheduleBNotRequiredInd>
        <InterestOnSavRevAndExpnssAmt>3</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>3</InterestOnSavNetInvstIncmAmt>
        <DividendsRevAndExpnssAmt>80487</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>80487</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>15883</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>379032</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>16657</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>96373</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>97147</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>9454</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>0</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>9454</CompOfcrDirTrstDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002100001">7901</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>0</LegalFeesNetInvstIncmAmt>
        <LegalFeesDsbrsChrtblAmt>7901</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002200001">6689</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>0</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>6689</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc2002300001">14090</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>14090</OtherProfFeesNetInvstIncmAmt>
        <OtherProfFeesDsbrsChrtblAmt>0</OtherProfFeesDsbrsChrtblAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc2002500001">7817</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>658</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>0</TaxesDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc2003200001">3065</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>2670</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>395</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>49016</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>17418</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>24439</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>189000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>189000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>238016</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>17418</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>213439</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-141643</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>79729</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>51191</CashBOYAmt>
        <CashEOYAmt>9040</CashEOYAmt>
        <CashEOYFMVAmt>9040</CashEOYFMVAmt>
        <CorporateStockBOYAmt>2120451</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc2018900001">2123626</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>2539399</CorporateStockEOYFMVAmt>
        <OtherInvestmentsBOYAmt>45233</OtherInvestmentsBOYAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc2046600001">909781</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc2046600001">849781</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc2046600001">860241</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>3126656</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>2982447</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>3408680</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesBOYAmt>0</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <CapitalStockBOYAmt>0</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>0</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>0</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>0</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>3126656</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>2982447</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>3126656</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>2982447</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>3126656</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>2982447</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>3126656</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-141643</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt>0</OtherIncreasesAmt>
        <SubtotalAmt>2985013</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc2049800001">2566</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>2982447</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>1,000 shs Apple Inc</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-03-11</SoldDt>
          <GrossSalesPriceAmt>123194</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>100800</CostOrOtherBasisAmt>
          <GainOrLossAmt>22394</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>22394</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>95 shs Anthem Inc</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-04-02</SoldDt>
          <GrossSalesPriceAmt>14616</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10170</CostOrOtherBasisAmt>
          <GainOrLossAmt>4446</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4446</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>170 shs Bank of America</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-10-01</SoldDt>
          <GrossSalesPriceAmt>2545</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2405</CostOrOtherBasisAmt>
          <GainOrLossAmt>140</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>140</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>180 shs ConocoPhillips</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-01-02</SoldDt>
          <GrossSalesPriceAmt>12279</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11079</CostOrOtherBasisAmt>
          <GainOrLossAmt>1200</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1200</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>40 shs CF Industries Holdings</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-04-02</SoldDt>
          <GrossSalesPriceAmt>11151</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10475</CostOrOtherBasisAmt>
          <GainOrLossAmt>676</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>676</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>79 shs Delta Airlines</PropertyDesc>
          <HowAcquiredCd>D</HowAcquiredCd>
          <AcquiredDt>2011-03-02</AcquiredDt>
          <SoldDt>2015-12-30</SoldDt>
          <GrossSalesPriceAmt>3968</GrossSalesPriceAmt>
          <GainOrLossAmt>3968</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3968</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>30 shs Humana Inc</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-04-02</SoldDt>
          <GrossSalesPriceAmt>5277</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4184</CostOrOtherBasisAmt>
          <GainOrLossAmt>1093</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1093</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>Kraft Foods Group cash dividend</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2013-07-10</AcquiredDt>
          <SoldDt>2015-07-06</SoldDt>
          <GrossSalesPriceAmt>3234</GrossSalesPriceAmt>
          <GainOrLossAmt>3234</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3234</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>20 shs Lockheed Martin Corp</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-07-02</SoldDt>
          <GrossSalesPriceAmt>3678</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2934</CostOrOtherBasisAmt>
          <GainOrLossAmt>744</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>744</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>75 shs Northrop Grumman Corp</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-07-02</SoldDt>
          <GrossSalesPriceAmt>11881</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10897</CostOrOtherBasisAmt>
          <GainOrLossAmt>984</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>984</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>115 shs Southwest Airlines</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-01-02</SoldDt>
          <GrossSalesPriceAmt>4831</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3974</CostOrOtherBasisAmt>
          <GainOrLossAmt>857</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>857</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>80 shs Southwest Airlines</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-04-02</SoldDt>
          <GrossSalesPriceAmt>3375</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2764</CostOrOtherBasisAmt>
          <GainOrLossAmt>611</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>611</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>190 shs Southwest Airlines</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-10-01</SoldDt>
          <GrossSalesPriceAmt>7144</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6565</CostOrOtherBasisAmt>
          <GainOrLossAmt>579</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>579</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>170 shs Western Digital Corp</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-07-02</SoldDt>
          <GrossSalesPriceAmt>13736</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9622</CostOrOtherBasisAmt>
          <GainOrLossAmt>4114</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4114</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>20 shs Wisconsin Energy Corp</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-05-23</AcquiredDt>
          <SoldDt>2015-04-02</SoldDt>
          <GrossSalesPriceAmt>972</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>938</CostOrOtherBasisAmt>
          <GainOrLossAmt>34</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>34</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>660 shs AES Corp</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-01-02</SoldDt>
          <GrossSalesPriceAmt>8869</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>9361</CostOrOtherBasisAmt>
          <GainOrLossAmt>-492</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-492</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>340 shs Archer Daniels Midland Co</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-10-01</SoldDt>
          <GrossSalesPriceAmt>13934</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>16055</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2121</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2121</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>110 shs Broadcom Corp Cl A</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-02</AcquiredDt>
          <SoldDt>2015-04-02</SoldDt>
          <GrossSalesPriceAmt>4591</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4808</CostOrOtherBasisAmt>
          <GainOrLossAmt>-217</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-217</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>235 shs Caterpillar Inc</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-01-02</SoldDt>
          <GrossSalesPriceAmt>22350</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>23362</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1012</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1012</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>55 shs Capital One Financial</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-01-02</SoldDt>
          <GrossSalesPriceAmt>3884</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>4627</CostOrOtherBasisAmt>
          <GainOrLossAmt>-743</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-743</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>600 shs Genworth Financial</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-01-02</SoldDt>
          <GrossSalesPriceAmt>4918</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8469</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3551</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3551</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>295 shs Hewlett Packard Co</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-10-01</SoldDt>
          <GrossSalesPriceAmt>7344</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>10660</CostOrOtherBasisAmt>
          <GainOrLossAmt>-3316</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-3316</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>135 shs Halliburton Co</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-07-02</SoldDt>
          <GrossSalesPriceAmt>5553</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>7519</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1966</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1966</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>25 shs Humana Inc</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-01-02</SoldDt>
          <GrossSalesPriceAmt>3480</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>3487</CostOrOtherBasisAmt>
          <GainOrLossAmt>-7</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-7</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>145 shs Macys Inc</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-10-01</SoldDt>
          <GrossSalesPriceAmt>7311</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8419</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1108</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1108</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>185 shs National Oilwell Varco</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-10-01</SoldDt>
          <GrossSalesPriceAmt>6641</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>13513</CostOrOtherBasisAmt>
          <GainOrLossAmt>-6872</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-6872</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>75 shs Oracle Corp</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-10-01</SoldDt>
          <GrossSalesPriceAmt>2623</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>2875</CostOrOtherBasisAmt>
          <GainOrLossAmt>-252</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-252</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>105 shs Schlumberger Ltd</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-10-01</SoldDt>
          <GrossSalesPriceAmt>7102</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>8221</CostOrOtherBasisAmt>
          <GainOrLossAmt>-1119</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-1119</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>240 shs WEC Energy Corp</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-02</AcquiredDt>
          <SoldDt>2015-07-02</SoldDt>
          <GrossSalesPriceAmt>11090</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>11255</CostOrOtherBasisAmt>
          <GainOrLossAmt>-165</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-165</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>470 shs Xerox Corp</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-10-31</AcquiredDt>
          <SoldDt>2015-10-01</SoldDt>
          <GrossSalesPriceAmt>4429</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>6465</CostOrOtherBasisAmt>
          <GainOrLossAmt>-2036</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-2036</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>3,395.395 units Templeton Global Bond Fund</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2014-12-17</AcquiredDt>
          <SoldDt>2015-12-28</SoldDt>
          <GrossSalesPriceAmt>39279</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>45233</CostOrOtherBasisAmt>
          <GainOrLossAmt>-5954</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-5954</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>102.524 units Templeton Global Bond Fund</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2015-01-17</AcquiredDt>
          <SoldDt>2015-12-28</SoldDt>
          <GrossSalesPriceAmt>1187</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1239</CostOrOtherBasisAmt>
          <GainOrLossAmt>-52</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-52</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>$10,000 NY Life Insurance</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>2566</GrossSalesPriceAmt>
          <GainOrLossAmt>2566</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>2566</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>16657</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>0</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>167631</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>3422455</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.048980</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>167807</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>3292821</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.050961</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>169034</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>3259538</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.051858</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>150000</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>3454907</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.043417</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>150000</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>2897002</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.051778</DistributionYr5Rt>
        <TotalDistributionRt>0.246994</TotalDistributionRt>
        <AverageDistributionRt>0.049399</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>3421637</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>169025</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>797</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>169822</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>213439</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>797</InvestmentIncomeExciseTaxAmt>
        <TaxUnderSection511Amt>0</TaxUnderSection511Amt>
        <SubtotalAmt>797</SubtotalAmt>
        <SubtitleATaxAmt>0</SubtitleATaxAmt>
        <TaxBasedOnInvestmentIncomeAmt>797</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>4800</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>4800</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>4003</OverpaymentAmt>
        <AppliedToESTaxAmt>4003</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>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>Gloria S Neuwirth</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2125577700</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>c/o Davidson Dawson 60 E 42nd St</AddressLine1Txt>
          <CityNm>New York</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>10165</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>Gail H Roman</PersonNm>
          <USAddress>
            <AddressLine1Txt>c/o Davidson Dawson 60 E 42nd St</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10165</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>Gloria S Neuwirth</PersonNm>
          <USAddress>
            <AddressLine1Txt>c/o Davidson Dawson 60 E 42nd St</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10165</ZIPCd>
          </USAddress>
          <TitleTxt>Trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>5.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompOfHghstPdEmplOrNONETxt>NONE</CompOfHghstPdEmplOrNONETxt>
        <OtherEmployeePaidOver50kCnt>0</OtherEmployeePaidOver50kCnt>
        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
        <ContractorPaidOver50kCnt>0</ContractorPaidOver50kCnt>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SumOfProgramRelatedInvstGrp>
        <TotalAmt>0</TotalAmt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>2525905</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>46963</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>900875</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>3473743</TotalFMVOfUnusedAssetsAmt>
        <ReductionClaimedAmt>0</ReductionClaimedAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>3473743</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>52106</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>3421637</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>171082</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>171082</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>797</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>797</TotalTaxAmt>
        <DistributableBeforeAdjAmt>170285</DistributableBeforeAdjAmt>
        <RecoveriesQualfiedDistriAmt>0</RecoveriesQualfiedDistriAmt>
        <DistributableBeforeDedAmt>170285</DistributableBeforeDedAmt>
        <DeductionFromDistributableAmt>0</DeductionFromDistributableAmt>
        <DistributableAsAdjustedAmt>170285</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>213439</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <QualifyingDistributionsAmt>213439</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>797</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>212642</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>170285</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>15675</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr3Amt>8415</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>7552</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>1117</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>32759</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>213439</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToPriorYearsAmt>0</AppliedToPriorYearsAmt>
        <TreatedAsDistriFromCorpusAmt>0</TreatedAsDistriFromCorpusAmt>
        <AppliedToCurrentYearAmt>170285</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>43154</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>0</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>0</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>75913</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <PriorYearDeficiencyOrTaxAmt>0</PriorYearDeficiencyOrTaxAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <CorpusDistri170b1EOr4942g3Amt>0</CorpusDistri170b1EOr4942g3Amt>
        <ExcessDistriCyovFromYr5Amt>15675</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>60238</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear3Amt>8415</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>7552</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>1117</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>43154</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Celiac Disease Center at Columbia University Medical Center</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>180 Fort Washington Avenue Suite</AddressLine1Txt>
            <AddressLine2Txt>934</AddressLine2Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10032</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>General support</GrantOrContributionPurposeTxt>
          <Amt>30000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Coalition against Trafficking in Women (CATW)</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 7160 JAF Station</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10016</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>General support</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Donor Direct Action</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>250 West 57th St Suite 1527</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10017</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>Synergie des Femmes-Congo, WCLAC, Hawea Humanitarian Assistance for Women &amp; Children and general support, SPACE International, Syrian Women's Forum for Peace, WRIP Kenya</GrantOrContributionPurposeTxt>
          <Amt>41700</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Dream Yard Project</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1085 Washington Avenue Ground floor</AddressLine1Txt>
            <CityNm>Bronx</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10456</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>General support</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>FACE Foundation</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>10455 Sorrento Valley Rd-Suite 208</AddressLine1Txt>
            <CityNm>San Diego</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92121</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>General support</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Fund for Women's Equality</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>ERA Coalition 1825 K StNW Suite 400</AddressLine1Txt>
            <CityNm>Washington</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20006</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>General support</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>God's Love We Deliver</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>630 Flushing Avenue</AddressLine1Txt>
            <CityNm>Brooklyn</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11206</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>Improve health &amp; well being of men, women &amp; children living with serious illnesses</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MS Hope for a Cure</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2250 Broadway Suite 1 K</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10024</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>In recognition of efforts of Larry Schafran</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>New York Foundation for the Arts (NYFA)</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>20 Jay Street 7th Floor</AddressLine1Txt>
            <CityNm>Brooklyn</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>11201</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>The BETTY Effect-music to promote human rights</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Outdoor Outreach</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5275 Market St Suite A</AddressLine1Txt>
            <CityNm>San Diego</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>92114</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>General support</GrantOrContributionPurposeTxt>
          <Amt>1500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Read Alliance</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>80 Maiden Lane</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10038</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>Improve the education of at-risk kindergarten and first grade students through one to one tutoring</GrantOrContributionPurposeTxt>
          <Amt>10000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Rutgers University Foundation</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>303 George St Suite 301</AddressLine1Txt>
            <CityNm>New Brunswick</CityNm>
            <StateAbbreviationCd>NJ</StateAbbreviationCd>
            <ZIPCd>08901</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>General support</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>The Bronx Opera Company</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>5 Minerva Place 2J</AddressLine1Txt>
            <CityNm>Bronx</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10468</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>2015-2016 season</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>The New Press</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>120 Wall St 31st Floor</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10005</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>Books for ERA Coalition/Fund for Women's Equality</GrantOrContributionPurposeTxt>
          <Amt>2500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>The New Rochelle Humane Society</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>70 Portman Road</AddressLine1Txt>
            <CityNm>New Rochelle</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10801</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>General bequest</GrantOrContributionPurposeTxt>
          <Amt>1000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>The Optometric Center of New York (SUNY College of Optometry)</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>33 West 42nd Street</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10036</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>Opthamology services</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>The Rye Arts Center</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>51 Milton Road</AddressLine1Txt>
            <CityNm>Rye</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10580</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>General support</GrantOrContributionPurposeTxt>
          <Amt>27500</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>The Sisterhood is Global Institute dba Donor Direct Action</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO Box 231310</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10023</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>General support</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Women for Afghan Women</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>158-24 73rd Avenue</AddressLine1Txt>
            <CityNm>Fresh Meadows</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>113661024</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>General support</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>Women's City Club of New York</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>110 W 40th St Suite 1002</AddressLine1Txt>
            <CityNm>New York</CityNm>
            <StateAbbreviationCd>NY</StateAbbreviationCd>
            <ZIPCd>10018</ZIPCd>
          </RecipientUSAddress>
          <GrantOrContributionPurposeTxt>General support</GrantOrContributionPurposeTxt>
          <Amt>300</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>189000</TotalGrantOrContriPdDurYrAmt>
        <TotalGrantOrContriApprvFutAmt>0</TotalGrantOrContriApprvFutAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <RelatedOrExemptFunctionIncmAmt>3</RelatedOrExemptFunctionIncmAmt>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <RelatedOrExemptFunctionIncmAmt>80487</RelatedOrExemptFunctionIncmAmt>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>15883</RelatedOrExemptFunctionIncmAmt>
        </GainSalesAstOthThanInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <UnrelatedBusinessTaxblIncmAmt>0</UnrelatedBusinessTaxblIncmAmt>
          <ExclusionAmt>0</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>96373</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>96373</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>Not applicable other than by providing funds for such purposes</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8</LineNumberTxt>
          <RelationshipStatementTxt>Not applicable other than by providing funds for such purposes</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <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>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFeesDetail>
        <CategoryTxt>Davidson Dawson &amp; Clark</CategoryTxt>
        <Amt>6689</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>6689</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorporateStockGrp>
        <StockNm>Corporate stock</StockNm>
        <EOYBookValueAmt>2123626</EOYBookValueAmt>
        <EOYFMVAmt>2539399</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="RetDoc2002100001">
      <LegalFeesGrp>
        <CategoryTxt>Davidson Dawson &amp; Clark</CategoryTxt>
        <LegalFeesAmt>7901</LegalFeesAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>7901</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc2046600001">
      <OtherAssetsScheduleGrp>
        <Desc>NYLIAC (NY Life and Annuity Corporation)</Desc>
        <BOYBookValueAmt>909781</BOYBookValueAmt>
        <EOYBookValueAmt>849781</EOYBookValueAmt>
        <EOYFMVAmt>860241</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc2049800001">
      <OtherDecreasesDetail>
        <Desc>Adjustment on taxable gain from NY Life Insurance</Desc>
        <Amt>2566</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpensesScheduleGrp>
        <Desc>ALM -Publication notice</Desc>
        <RevenueAndExpensesPerBooksAmt>145</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>145</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>JPMorgan - custody fees</Desc>
        <RevenueAndExpensesPerBooksAmt>2654</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>2654</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>New York State Dept of Law filing fee</Desc>
        <RevenueAndExpensesPerBooksAmt>250</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>250</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>Foreign ADR fees</Desc>
        <RevenueAndExpensesPerBooksAmt>16</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>16</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherProfessionalFeesSchedule documentId="RetDoc2002300001">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>Wright Investors Service</CategoryTxt>
        <Amt>14090</Amt>
        <NetInvestmentIncomeAmt>14090</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <TaxesDetail>
        <CategoryTxt>Foreign withholding taxes</CategoryTxt>
        <Amt>658</Amt>
        <NetInvestmentIncomeAmt>658</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Excise tax 2014</CategoryTxt>
        <Amt>2359</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>Excise tax 2015</CategoryTxt>
        <Amt>4800</Amt>
        <NetInvestmentIncomeAmt>0</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>0</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>