﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2014v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2015-11-10T13:49:39-06:00</ReturnTs>
    <TaxPeriodEndDt>2014-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>HW&amp;CO</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>23240 Chagrin Blvd Suite 700</AddressLine1Txt>
        <CityNm>Cleveland</CityNm>
        <StateAbbreviationCd>OH</StateAbbreviationCd>
        <ZIPCd>441225450</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2014-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>341471066</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>Avrum Katz Foundation</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% MISSIA VASELANEY</InCareOfNm>
      <BusinessNameControlTxt>AVRU</BusinessNameControlTxt>
      <USAddress>
        <AddressLine1Txt>200 Public Square</AddressLine1Txt>
        <CityNm>Cleveland</CityNm>
        <StateAbbreviationCd>OH</StateAbbreviationCd>
        <ZIPCd>441142302</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>Missia Vaselaney</PersonNm>
      <PersonTitleTxt>President</PersonTitleTxt>
      <PhoneNum>2162412838</PhoneNum>
      <SignatureDt>2015-11-10</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>Mary Eileen Vitale CPA</PreparerPersonNm>
      <PTIN>P00069066</PTIN>
      <PhoneNum>2168311200</PhoneNum>
    </PreparerPersonGrp>
    <TaxYr>2014</TaxYr>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="10">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>3826140</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>0</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>114421</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>114421</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>888825</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>2753677</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>888825</CapGainNetIncmNetInvstIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="OtherIncomeSch2">-153243</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>-157415</OtherIncomeNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>850003</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>845831</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>61935</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>61935</CompOfcrDirTrstNetInvstIncmAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>77142</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsNetInvstIncmAmt>77142</OthEmplSlrsWgsNetInvstIncmAmt>
        <PensionEmplBnftRevAndExpnssAmt>6054</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>6054</PensionEmplBnftNetInvstIncmAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="LegalFeesSch">32675</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>32675</LegalFeesNetInvstIncmAmt>
        <LegalFeesAdjNetIncmAmt>0</LegalFeesAdjNetIncmAmt>
        <LegalFeesDsbrsChrtblAmt>0</LegalFeesDsbrsChrtblAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSch">7900</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>7900</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>0</AccountingFeesChrtblPrpsAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">7825</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>7825</TaxesNetInvstIncmAmt>
        <OccupancyRevAndExpnssAmt>2846</OccupancyRevAndExpnssAmt>
        <OccupancyNetInvstIncmAmt>2846</OccupancyNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSch">6457</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>6457</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>202834</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>202834</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>180000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>180000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>382834</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>202834</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>180000</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>467169</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>642997</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>87018</CashBOYAmt>
        <CashEOYAmt>42749</CashEOYAmt>
        <CashEOYFMVAmt>42749</CashEOYFMVAmt>
        <SavAndTempCashInvstBOYAmt>14037</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>8428</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>8428</SavAndTempCashInvstEOYFMVAmt>
        <AcctRcvblAmt>200</AcctRcvblAmt>
        <AcctRcvblBOYAmt>200</AcctRcvblBOYAmt>
        <AcctRcvblEOYAmt>200</AcctRcvblEOYAmt>
        <AcctRcvblEOYFMVAmt>200</AcctRcvblEOYFMVAmt>
        <CorporateStockBOYAmt>2052038</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestCorpStockSch">4322669</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>4461113</CorporateStockEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="OtherAssetsSch">1161803</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="OtherAssetsSch">-686350</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="OtherAssetsSch">-686350</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>3315096</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>3687696</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>3826140</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <CapitalStockBOYAmt>3315096</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>3687696</CapitalStockEOYAmt>
        <RetainedEarningBOYAmt>0</RetainedEarningBOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>3315096</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>3687696</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>3315096</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>3687696</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>3315096</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>467169</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>3782265</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSch">94569</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>3687696</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LONGTERM CAP GAINS--DETAIL ON FILE</PropertyDesc>
          <GrossSalesPriceAmt>2753653</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1648524</CostOrOtherBasisAmt>
          <GainOrLossAmt>1105129</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>1105129</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>LONGTERM CAP GAINS--DETAIL ON FILE</PropertyDesc>
          <AcquiredDt>1950-01-01</AcquiredDt>
          <GrossSalesPriceAmt>21</GrossSalesPriceAmt>
          <GainOrLossAmt>21</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>21</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CASH IN LIEU</PropertyDesc>
          <SoldDt>2014-07-02</SoldDt>
          <GrossSalesPriceAmt>3</GrossSalesPriceAmt>
          <GainOrLossAmt>3</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>3</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PARTNERSHIP INTEREST-NEKEKIM HOLDINGS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <SoldDt>2014-01-01</SoldDt>
          <CostOrOtherBasisAmt>25593</CostOrOtherBasisAmt>
          <GainOrLossAmt>-25593</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-25593</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PARTNERSHIP INTEREST-COVENANT OFFSHORE</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <AcquiredDt>2012-01-01</AcquiredDt>
          <SoldDt>2014-04-01</SoldDt>
          <CostOrOtherBasisAmt>190735</CostOrOtherBasisAmt>
          <GainOrLossAmt>-190735</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>-190735</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>888825</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>130000</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>2376821</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.054695</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>185000</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>2183400</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.08473</DistributionYr2Rt>
        <AdjustedQlfyDistriYr3Amt>184883</AdjustedQlfyDistriYr3Amt>
        <NetVlNoncharitableAssetsYr3Amt>2200846</NetVlNoncharitableAssetsYr3Amt>
        <DistributionYr3Rt>0.084005</DistributionYr3Rt>
        <AdjustedQlfyDistriYr4Amt>215000</AdjustedQlfyDistriYr4Amt>
        <NetVlNoncharitableAssetsYr4Amt>3172310</NetVlNoncharitableAssetsYr4Amt>
        <DistributionYr4Rt>0.067774</DistributionYr4Rt>
        <AdjustedQlfyDistriYr5Amt>250000</AdjustedQlfyDistriYr5Amt>
        <NetVlNoncharitableAssetsYr5Amt>3131659</NetVlNoncharitableAssetsYr5Amt>
        <DistributionYr5Rt>0.07983</DistributionYr5Rt>
        <TotalDistributionRt>0.371034</TotalDistributionRt>
        <AverageDistributionRt>0.074207</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>4654477</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>345395</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>6430</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>351825</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>180000</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>12860</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>12860</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>12860</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>200</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>200</TotalPaymentsAndCreditsAmt>
        <TaxDueAmt>12660</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>false</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>OH</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>MISSIA VASELANEY</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2167063956</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>200 PUBLIC SQUARE SUITE 3500</AddressLine1Txt>
          <CityNm>cleveland</CityNm>
          <StateAbbreviationCd>OH</StateAbbreviationCd>
          <ZIPCd>44114</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>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <UndistrIncmSect4942a2NotAppInd>false</UndistrIncmSect4942a2NotAppInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>missia h vaselaney</PersonNm>
          <USAddress>
            <AddressLine1Txt>200 Public Square</AddressLine1Txt>
            <CityNm>Cleveland</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>441142302</ZIPCd>
          </USAddress>
          <TitleTxt>president</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>kerry chelm</PersonNm>
          <USAddress>
            <AddressLine1Txt>200 Public Square</AddressLine1Txt>
            <CityNm>Cleveland</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>441142302</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>20645</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>michael r donaldson</PersonNm>
          <USAddress>
            <AddressLine1Txt>200 Public Square</AddressLine1Txt>
            <CityNm>Cleveland</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>441142302</ZIPCd>
          </USAddress>
          <TitleTxt>trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>20645</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>mark r stornes</PersonNm>
          <USAddress>
            <AddressLine1Txt>200 Public Square</AddressLine1Txt>
            <CityNm>Cleveland</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>441142302</ZIPCd>
          </USAddress>
          <TitleTxt>trustee</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>20645</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>SUSAN KUROWSKI</PersonNm>
          <USAddress>
            <AddressLine1Txt>200 PUBLIC SQUARE SUITE 3500</AddressLine1Txt>
            <CityNm>CLEVELAND</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>441142302</ZIPCd>
          </USAddress>
          <TitleTxt>0</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>77142</CompensationAmt>
          <EmployeeBenefitsAmt>0</EmployeeBenefitsAmt>
          <ExpenseAccountAmt>0</ExpenseAccountAmt>
        </CompensationHighestPaidEmplGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>NONE</Description1Txt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>NONE</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>4639228</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>86129</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>4725357</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>4725357</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>70880</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>4654477</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>232724</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>232724</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>12860</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>12860</TotalTaxAmt>
        <DistributableBeforeAdjAmt>219864</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>219864</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>219864</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>180000</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>180000</QualifyingDistributionsAmt>
        <AdjustedQualifyingDistriAmt>180000</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>219864</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2012</PriorYear1Yr>
        <PriorYear2Yr>2011</PriorYear2Yr>
        <PriorYear3Yr>2010</PriorYear3Yr>
        <TotalForPriorYearsAmt>0</TotalForPriorYearsAmt>
        <ExcessDistributionCyovYr5Amt>99729</ExcessDistributionCyovYr5Amt>
        <ExcessDistributionCyovYr4Amt>56384</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>75075</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>75830</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>11159</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>318177</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>180000</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>180000</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>0</RemainingDistriFromCorpusAmt>
        <ExcessDistriCyovAppCYCorpusAmt>39864</ExcessDistriCyovAppCYCorpusAmt>
        <ExcessDistributionCyovAppCYAmt>39864</ExcessDistributionCyovAppCYAmt>
        <TotalCorpusAmt>278313</TotalCorpusAmt>
        <PriorYearUndistributedIncmAmt>0</PriorYearUndistributedIncmAmt>
        <Taxable1Amt>0</Taxable1Amt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovFromYr5Amt>59865</ExcessDistriCyovFromYr5Amt>
        <ExcessDistriCyovToNextYrAmt>218448</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>56384</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>75075</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>75830</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>11159</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp />
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PETS FOR THE ELDERLY FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>c/o M VASELANEY TAFT 200 PUBLIC</AddressLine1Txt>
            <AddressLine2Txt>SUITE 3500</AddressLine2Txt>
            <CityNm>CLEVELAND</CityNm>
            <StateAbbreviationCd>OH</StateAbbreviationCd>
            <ZIPCd>44114</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>RELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>STARLIGHT FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>PO BOX 970320</AddressLine1Txt>
            <CityNm>COCONUT CREEK</CityNm>
            <StateAbbreviationCd>FL</StateAbbreviationCd>
            <ZIPCd>33097</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>UNRELATED</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PUBLIC CHARITY</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROGRAM SUPPORT</GrantOrContributionPurposeTxt>
          <Amt>80000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>180000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>114421</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>888825</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <OtherRevenueDescribedGrp>
          <Desc>INCOME (LOSS) FROM PASS THROUGH INVESTMENTS</Desc>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>-153243</ExclusionAmt>
        </OtherRevenueDescribedGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>850003</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>850003</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>4</LineNumberTxt>
          <RelationshipStatementTxt>ALL INCOME IS FROM INVESTMENT ACTIVITY AND IS AVAILABLE</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>8,11</LineNumberTxt>
          <RelationshipStatementTxt>FOR DISTRIBUTION TO QUALIFIED CHARITABLE ORGANIZATIONS.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <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>true</RelationshipsNonchrtblEOInd>
        <RelationshipScheduleDetail>
          <OrganizationBusinessName>
            <BusinessNameLine1Txt>PETS FOR THE ELDERLY</BusinessNameLine1Txt>
          </OrganizationBusinessName>
          <OrganizationTypeDesc>501(C)(3)</OrganizationTypeDesc>
          <RelationshipDescriptionTxt>COMMON DIRECTORS</RelationshipDescriptionTxt>
        </RelationshipScheduleDetail>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING &amp; TAX PREPARATION</CategoryTxt>
        <Amt>7900</Amt>
        <NetInvestmentIncomeAmt>7900</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>SANFORD BERNSTEIN INVESTMENTS</StockNm>
        <EOYBookValueAmt>4322669</EOYBookValueAmt>
        <EOYFMVAmt>4461113</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <LegalFeesSchedule documentId="LegalFeesSch">
      <LegalFeesGrp>
        <CategoryTxt>LEGAL FEES</CategoryTxt>
        <LegalFeesAmt>32675</LegalFeesAmt>
        <NetInvestmentIncomeAmt>32675</NetInvestmentIncomeAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="OtherAssetsSch">
      <OtherAssetsScheduleGrp>
        <Desc>LIMITED PARTNERSHIPS</Desc>
        <BOYBookValueAmt>1161803</BOYBookValueAmt>
        <EOYBookValueAmt>-686350</EOYBookValueAmt>
        <EOYFMVAmt>-686350</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSch">
      <OtherDecreasesDetail>
        <Desc>NONDIVIDEND DISTRIBUTION</Desc>
        <Amt>211</Amt>
      </OtherDecreasesDetail>
      <OtherDecreasesDetail>
        <Desc>UNREALIZED GAINS/LOSSES</Desc>
        <Amt>94358</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>656</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>656</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INVESTMENT MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>5310</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>5310</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>450</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>450</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>41</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>41</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="OtherIncomeSch2">
      <OtherIncomeDetail>
        <Desc>covenant aggressive fund</Desc>
        <RevenueAndExpensesPerBooksAmt>-156840</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-156840</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>phoenix lake partners</Desc>
        <RevenueAndExpensesPerBooksAmt>-575</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>-575</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>avrum katz 6th restatement of trust</Desc>
        <RevenueAndExpensesPerBooksAmt>4172</RevenueAndExpensesPerBooksAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
        <Amt>6671</Amt>
        <NetInvestmentIncomeAmt>6671</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>754</Amt>
        <NetInvestmentIncomeAmt>754</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>STATE TAXES</CategoryTxt>
        <Amt>400</Amt>
        <NetInvestmentIncomeAmt>400</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>