﻿<?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>2015-09-14T18:54:07-05:00</ReturnTs>
    <TaxPeriodEndDt>2014-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>DREYER ROBBINS &amp; ASSOCIATES</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>355 S GRAND AVE STE 1710</AddressLine1Txt>
        <CityNm>LOS ANGELES</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>900711532</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2014-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>461575153</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>THE CRAFT FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <InCareOfNm>% L DEDE ROBBINS</InCareOfNm>
      <BusinessNameControlTxt>CRAF</BusinessNameControlTxt>
      <PhoneNum>2136838790</PhoneNum>
      <USAddress>
        <AddressLine1Txt>355 S GRAND AVENUE SUITE 1710</AddressLine1Txt>
        <AddressLine2Txt>Suite</AddressLine2Txt>
        <CityNm>LOS ANGELES</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>90071</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>MELANIE CRAFT</PersonNm>
      <PersonTitleTxt>TRUSTEE</PersonTitleTxt>
      <PhoneNum>2136838790</PhoneNum>
      <SignatureDt>2015-05-27</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>L DEDE ROBBINS</PreparerPersonNm>
      <PTIN>P00673409</PTIN>
      <PhoneNum>2136838790</PhoneNum>
      <PreparationDt>2015-04-15</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2014</TaxYr>
    <BuildTS>2016-04-25 22:37:26Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="8">
    <IRS990PF documentId="IRS990PF">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>1980937</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>0</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>55039</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>52574</DividendsNetInvstIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt>94494</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>1342858</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>94494</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>149533</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>147068</TotalNetInvstIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>0</CompOfcrDirTrstRevAndExpnssAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="AccountingFeesSch">10500</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>10500</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesAdjNetIncmAmt>0</AccountingFeesAdjNetIncmAmt>
        <AccountingFeesChrtblPrpsAmt>0</AccountingFeesChrtblPrpsAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="TaxesSchedule">2728</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>728</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="OtherExpensesSch">20161</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>20161</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>33389</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>31389</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>0</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>130000</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>130000</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>163389</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>31389</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>0</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>130000</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-13856</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>115679</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <CashBOYAmt>45130</CashBOYAmt>
        <CashEOYAmt>44688</CashEOYAmt>
        <CashEOYFMVAmt>44688</CashEOYFMVAmt>
        <CorporateStockBOYAmt>1856611</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="InvestCorpStockSch">1842750</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1936249</CorporateStockEOYFMVAmt>
        <TotalAssetsBOYAmt>1901741</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>1887438</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>1980937</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowSFAS117Ind>X</OrgDoesNotFollowSFAS117Ind>
        <RetainedEarningBOYAmt>1901741</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>1887438</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>1901741</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>1887438</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>1901741</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>1887438</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>1901741</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-13856</ExcessRevenueOverExpensesAmt>
        <OtherIncreasesAmt referenceDocumentId="OtherIncreasesSch">493</OtherIncreasesAmt>
        <SubtotalAmt>1888378</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="OtherDecreasesSch">940</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>1887438</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ML 88Q-04515 STCG</PropertyDesc>
          <GrossSalesPriceAmt>607026</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>602659</CostOrOtherBasisAmt>
          <GainOrLossAmt>4400</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>4367</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>ML 88Q-04515 LTCG</PropertyDesc>
          <GrossSalesPriceAmt>714849</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>646030</CostOrOtherBasisAmt>
          <GainOrLossAmt>69111</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>68819</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>CAPITAL GAIN DIVIDENDS</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GainOrLossAmt>20983</GainOrLossAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>94494</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <LiableSection4942TaxInd>false</LiableSection4942TaxInd>
        <AdjustedQlfyDistriYr1Amt>79561</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr1Amt>1975388</NetVlNoncharitableAssetsYr1Amt>
        <DistributionYr1Rt>0.040276</DistributionYr1Rt>
        <AdjustedQlfyDistriYr2Amt>0</AdjustedQlfyDistriYr2Amt>
        <NetVlNoncharitableAssetsYr2Amt>64448</NetVlNoncharitableAssetsYr2Amt>
        <DistributionYr2Rt>0.0</DistributionYr2Rt>
        <TotalDistributionRt>0.040276</TotalDistributionRt>
        <AverageDistributionRt>0.020138</AverageDistributionRt>
        <NetVlNoncharitableAssetsAmt>1968527</NetVlNoncharitableAssetsAmt>
        <AdjNetVlNoncharitableAssetsAmt>39642</AdjNetVlNoncharitableAssetsAmt>
        <NetInvestmentIncomePctAmt>1157</NetInvestmentIncomePctAmt>
        <AdjNonchrtblNetInvstIncmPctAmt>40799</AdjNonchrtblNetInvstIncmPctAmt>
        <QualifyingDistributionsAmt>130000</QualifyingDistributionsAmt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <DomesticOrgMeetingSect4940eInd>X</DomesticOrgMeetingSect4940eInd>
        <InvestmentIncomeExciseTaxAmt>1157</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>1157</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>1157</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>23558</EstimatedPlusOvpmtIncmTxAmt>
        <TotalPaymentsAndCreditsAmt>23558</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>22401</OverpaymentAmt>
        <AppliedToESTaxAmt>22401</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <Form1120POLFiledInd>false</Form1120POLFiledInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <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>
        <PersonsWithBooksName>
          <BusinessNameLine1Txt>L DEDE ROBBINS</BusinessNameLine1Txt>
        </PersonsWithBooksName>
        <PhoneNum>2136838789</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>355 S GRAND AVENUE SUITE 1710</AddressLine1Txt>
          <CityNm>LOS ANGELES</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90071</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>MELANIE CRAFT</PersonNm>
          <USAddress>
            <AddressLine1Txt>355 S GRAND AVENUE SUITE 1710</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90071</ZIPCd>
          </USAddress>
          <TitleTxt>TRUSTEE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>0</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp />
      <SumOfProgramRelatedInvstGrp />
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>1934287</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>64218</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>0</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>1998505</TotalFMVOfUnusedAssetsAmt>
        <AcquisitionIndebtednessAmt>0</AcquisitionIndebtednessAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>1998505</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>29978</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>1968527</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>98426</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>98426</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>1157</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>1157</TotalTaxAmt>
        <DistributableBeforeAdjAmt>97269</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>97269</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>97269</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>130000</ExpensesAndContributionsAmt>
        <ProgramRelatedInvstTotalAmt>0</ProgramRelatedInvstTotalAmt>
        <CharitableAssetsAcquisPaidAmt>0</CharitableAssetsAcquisPaidAmt>
        <SetAsideSuitabilityTestAmt>0</SetAsideSuitabilityTestAmt>
        <SetAsideCashDistriTestAmt>0</SetAsideCashDistriTestAmt>
        <QualifyingDistributionsAmt>130000</QualifyingDistributionsAmt>
        <PctSect4940eOrgNetInvstIncmAmt>1157</PctSect4940eOrgNetInvstIncmAmt>
        <AdjustedQualifyingDistriAmt>128843</AdjustedQualifyingDistriAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>97269</DistributableAsAdjustedAmt>
        <UndistributedIncomePYAmt>0</UndistributedIncomePYAmt>
        <PriorYear1Yr>2012</PriorYear1Yr>
        <PriorYear2Yr>2011</PriorYear2Yr>
        <PriorYear3Yr>2010</PriorYear3Yr>
        <ExcessDistributionCyovYr2Amt>0</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>18448</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>18448</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>130000</QualifyingDistributionsAmt>
        <AppliedToYear1Amt>0</AppliedToYear1Amt>
        <AppliedToCurrentYearAmt>97269</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>32731</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>51179</TotalCorpusAmt>
        <Taxable2Amt>0</Taxable2Amt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>51179</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear2Amt>0</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>18448</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>32731</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <PrivateOperatingFoundationsGrp />
      <SupplementaryInformationGrp>
        <ContributingManagerNm>MELANIE CRAFT</ContributingManagerNm>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>THE GARDEN SCHOOL FOUNDATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>2187 W 24TH STREET</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90018</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT TO FULFILL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>100000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>DURHAM-CHAPEL HILL JEWISH FEDERATION</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1937 CORNWALLIS ROAD</AddressLine1Txt>
            <CityNm>DURHAM</CityNm>
            <StateAbbreviationCd>NC</StateAbbreviationCd>
            <ZIPCd>27705</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT TO FULFILL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>5000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>PENINSULA HUMANE SOCIETY</BusinessNameLine1Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>1450 ROLLINS ROAD</AddressLine1Txt>
            <CityNm>BUERLINGAME</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>94010</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>NONE</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>SUPPORT TO FULFILL CHARITABLE PURPOSE</GrantOrContributionPurposeTxt>
          <Amt>25000</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>130000</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <FeesContractsFromGovtAgGrp />
        <MembershipDuesAndAssmntGrp />
        <IntOnSavAndTempCashInvstGrp />
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>55039</ExclusionAmt>
        </DivAndIntFromSecPartVIIGrp>
        <NetRntlIncmReDebtFincdPropGrp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncomePersonalPropGrp />
        <OtherInvestmentIncmPartVIIGrp />
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>94494</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <NetIncomeLossFromSpecialEvtGrp />
        <GrossProfitLossSlsOfInvntryGrp />
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>149533</ExclusionAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>149533</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="AccountingFeesSch">
      <AccountingFeesDetail>
        <CategoryTxt>AUDIT FEES</CategoryTxt>
        <Amt>7500</Amt>
        <NetInvestmentIncomeAmt>7500</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING/TAX RETURN PREP</CategoryTxt>
        <Amt>3000</Amt>
        <NetInvestmentIncomeAmt>3000</NetInvestmentIncomeAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorporateStockGrp>
        <StockNm>ML #4515</StockNm>
        <EOYBookValueAmt>1842750</EOYBookValueAmt>
        <EOYFMVAmt>1936249</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <OtherDecreasesSchedule documentId="OtherDecreasesSch">
      <OtherDecreasesDetail>
        <Desc>PRIOR YEAR ADJUSTMENTS</Desc>
        <Amt>940</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpensesScheduleGrp>
        <Desc>ML MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>19820</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>19820</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CA FTB FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>10</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>10</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>CA ATTORNEY GENERAL FILING FEE</Desc>
        <RevenueAndExpensesPerBooksAmt>150</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>150</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>150</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>150</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OTHER MISCELLANEOUS FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>31</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>31</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncreasesSchedule documentId="OtherIncreasesSch">
      <OtherIncreasesDetail>
        <Desc>NON-DIVIDEND DISTRIBUTIONS</Desc>
        <Amt>493</Amt>
      </OtherIncreasesDetail>
    </OtherIncreasesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <TaxesDetail>
        <CategoryTxt>ML 88Q-04515 FOREIGN TAXES</CategoryTxt>
        <Amt>728</Amt>
        <NetInvestmentIncomeAmt>728</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL TAX</CategoryTxt>
        <Amt>2000</Amt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>