﻿<?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="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2014-02-15T09:57:33-06:00</Timestamp>
    <TaxPeriodEndDate>2013-11-30</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>420714325</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>MCGLADREY LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>1185 AVENUE OF THE AMERICAS</AddressLine1>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>100362602</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-12-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>133933663</EIN>
      <Name>
        <BusinessNameLine1>THE WILLINPHILA FOUNDATION</BusinessNameLine1>
      </Name>
      <NameControl>WILL</NameControl>
      <USAddress>
        <AddressLine1>C/O LINDA S MUSSER 49 EAST 86TH</AddressLine1>
        <AddressLine2>STREET NO 15A</AddressLine2>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>100281060</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>WILLIAM L MUSSER</Name>
      <Title>TRUSTEE</Title>
      <DateSigned>2014-02-13</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>MARTIN GREIF</Name>
      <PTIN>P00029738</PTIN>
      <Phone>2123721000</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2015-12-30 17:16:21Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990PF documentId="RetDoc1235000001">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>344949</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <InterestOnSavingsRevAndExpnss>48</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>48</InterestOnSavingsNetInvstIncm>
        <DividendsRevAndExpnss>10910</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>10910</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>6614</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>30548</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>6614</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>17572</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>17572</TotalNetInvestmentIncome>
        <CompOfcrDirTrstRevAndExpnss>0</CompOfcrDirTrstRevAndExpnss>
        <CompOfcrDirTrstNetInvstIncm>0</CompOfcrDirTrstNetInvstIncm>
        <CompOfcrDirTrstDsbrsChrtblPrps>0</CompOfcrDirTrstDsbrsChrtblPrps>
        <AccountingFeesRevAndExpnss referenceDocumentId="RetDoc2002200001">2300</AccountingFeesRevAndExpnss>
        <AccountingFeesNetInvstIncm>690</AccountingFeesNetInvstIncm>
        <AccountingFeesDsbrsChrtblPrps>1610</AccountingFeesDsbrsChrtblPrps>
        <TaxesRevAndExpnss referenceDocumentId="RetDoc2002500001">352</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>352</TaxesNetInvstIncm>
        <TaxesDsbrsChrtblPrps>0</TaxesDsbrsChrtblPrps>
        <OtherExpensesRevAndExpnss referenceDocumentId="RetDoc2003200001">250</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>150</OtherExpensesNetInvstIncm>
        <OtherExpensesDsbrsChrtblPrps>100</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>2902</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>1192</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>1710</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>14000</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>14000</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>16902</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>1192</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>15710</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>670</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>16380</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>53543</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>32486</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>32486</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpStockBOY>241327</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="RetDoc2018900001">263054</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>312463</InvestmentsCorpStockEOYFMV>
        <TotalAssetsBOY>294870</TotalAssetsBOY>
        <TotalAssetsEOY>295540</TotalAssetsEOY>
        <TotalAssetsEOYFMV>344949</TotalAssetsEOYFMV>
        <TotalLiabilitiesBOY>0</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <CapitalStockBOY>0</CapitalStockBOY>
        <CapitalStockEOY>0</CapitalStockEOY>
        <PaidInOrCapitalSurplusBOY>0</PaidInOrCapitalSurplusBOY>
        <PaidInOrCapitalSurplusEOY>0</PaidInOrCapitalSurplusEOY>
        <RetainedEarningsBOY>294870</RetainedEarningsBOY>
        <RetainedEarningsEOY>295540</RetainedEarningsEOY>
        <TotalNetAssetsBOY>294870</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>295540</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>294870</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>295540</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>294870</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>670</ExcessOfRevenueOverExpenses>
        <OtherIncreases>0</OtherIncreases>
        <Subtotal>295540</Subtotal>
        <OtherDecreases>0</OtherDecreases>
        <TotalNetAssetsFundBalancesEOY>295540</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>500 SHRS ORACLE CORP</DescriptionOfAsset>
          <DateAcquired>2010-12-21</DateAcquired>
          <DateSold>2013-03-22</DateSold>
          <GrossSalesPrice>15892</GrossSalesPrice>
          <CostOrOtherBasis>15969</CostOrOtherBasis>
          <GainOrLoss>-77</GainOrLoss>
          <GainsMinusExcessOrLosses>-77</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>4,050 SHRS SIRIUS XM RADIO INC</DescriptionOfAsset>
          <DateAcquired>2010-12-21</DateAcquired>
          <DateSold>2013-03-22</DateSold>
          <GrossSalesPrice>12352</GrossSalesPrice>
          <CostOrOtherBasis>6065</CostOrOtherBasis>
          <GainOrLoss>6287</GainOrLoss>
          <GainsMinusExcessOrLosses>6287</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>100 SHRS GIGAMON INC</DescriptionOfAsset>
          <DateAcquired>2013-06-12</DateAcquired>
          <DateSold>2013-06-12</DateSold>
          <GrossSalesPrice>2304</GrossSalesPrice>
          <CostOrOtherBasis>1900</CostOrOtherBasis>
          <GainOrLoss>404</GainOrLoss>
          <GainsMinusExcessOrLosses>404</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>6614</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>0</LiableFor4942Tax>
        <QualifyingDistributionsYear1>16850</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>347659</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.048467</DistributionRatioYear1>
        <QualifyingDistributionsYear2>10578</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>346263</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.030549</DistributionRatioYear2>
        <QualifyingDistributionsYear3>17305</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>306697</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.056424</DistributionRatioYear3>
        <QualifyingDistributionsYear4>17360</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>279607</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.062087</DistributionRatioYear4>
        <QualifyingDistributionsYear5>22158</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>359410</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.061651</DistributionRatioYear5>
        <TotalDistributionRatio>0.259178</TotalDistributionRatio>
        <AverageDistributionRatio>0.051836</AverageDistributionRatio>
        <NetNoncharitableAssets>329608</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>17086</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>164</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>17250</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>15710</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>328</InvestmentIncomeExciseTax>
        <TaxUnderSection511>0</TaxUnderSection511>
        <Subtotal>328</Subtotal>
        <SubtitleATax>0</SubtitleATax>
        <TaxBasedOnInvestmentIncome>328</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>377</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>377</TotalCreditsAndPayments>
        <Overpayment>49</Overpayment>
        <AmountCreditedToNextYear>49</AmountCreditedToNextYear>
        <AmountToBeRefunded>0</AmountToBeRefunded>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>0</LegislativePoliticalActivities>
        <MoreThan100Spent>0</MoreThan100Spent>
        <Form1120POLFiled>0</Form1120POLFiled>
        <Sect4955TaxOnOrganization>0</Sect4955TaxOnOrganization>
        <Sect4955TaxOnManagers>0</Sect4955TaxOnManagers>
        <ReimbursementOfTax>0</ReimbursementOfTax>
        <ActivitiesNotPrevReported>0</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>0</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>0</UnrelatedBusIncomeOver1000>
        <TerminationEtc>0</TerminationEtc>
        <RequirementsOfSect508e>1</RequirementsOfSect508e>
        <AtLeast5000InAssets>1</AtLeast5000InAssets>
        <StatesFiledWith>NY</StatesFiledWith>
        <Form990PFFiledWithAG>1</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>0</PrivateOperatingFoundation>
        <NewSubstantialContributors>0</NewSubstantialContributors>
        <InterestInControlledEntity>0</InterestInControlledEntity>
        <ApplicableInsuranceContract>0</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>1</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfPersonName>LINDA S MUSSER</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>2123721000</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>49 EAST 86TH STREET APT 15A</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>100281060</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>0</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>0</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>0</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>0</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>0</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>0</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>0</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>0</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>0</UndistributedIncomePriorYears>
        <BusinessHoldings>0</BusinessHoldings>
        <JeopardyInvestments>0</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>0</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>0</InfluenceLegislation>
        <InfluenceElection>0</InfluenceElection>
        <GrantsToIndividuals>0</GrantsToIndividuals>
        <GrantsToOrganizations>0</GrantsToOrganizations>
        <NoncharitablePurpose>0</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>0</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>0</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>0</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>WILLIAM L MUSSER JR</PersonName>
          <USAddress>
            <AddressLine1>49 EAST 86TH STREET APT 15A</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10028</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>LINDA S MUSSER</PersonName>
          <USAddress>
            <AddressLine1>49 EAST 86TH STREET APT 15A</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10028</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>PHILIP ADRIAN MUSSER</PersonName>
          <USAddress>
            <AddressLine1>1315 22ND STREET NW</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10028</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>LILA RUTH MUSSER</PersonName>
          <USAddress>
            <AddressLine1>49 EAST 86TH STREET APT 15A</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10028</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy>
        <Description1>NOT APPLICABLE</Description1>
        <Expenses1>0</Expenses1>
      </SummaryOfDirectCharitableActy>
      <SumOfProgramRelatedInvestments>
        <AllOthProgRltdInvestmentsTotal referenceDocumentId="RetDoc2063500001">0</AllOthProgRltdInvestmentsTotal>
        <Total>0</Total>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>277250</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>57377</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>334627</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>334627</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>5019</CashDeemedCharitable>
        <NetNoncharitableAssets>329608</NetNoncharitableAssets>
        <MinimumInvestmentReturn>16480</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>16480</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>328</TaxBasedOnInvestmentIncome>
        <TotalTax>328</TotalTax>
        <DistributableAmountBeforeAdj>16152</DistributableAmountBeforeAdj>
        <RecoveriesQlfyDistributions>0</RecoveriesQlfyDistributions>
        <DistributableAmountBeforeDed>16152</DistributableAmountBeforeDed>
        <DeductionFrDistributableAmount>0</DeductionFrDistributableAmount>
        <DistributableAmountAsAdjusted>16152</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>15710</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <QualifyingDistributions>15710</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>0</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>15710</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>16152</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>14583</UndistributedIncomePriorYear>
        <TotalForPriorYears>0</TotalForPriorYears>
        <TotalExcessDistriCarryover>0</TotalExcessDistriCarryover>
        <QualifyingDistributions>15710</QualifyingDistributions>
        <AppliedToYear1>14583</AppliedToYear1>
        <AppliedToPriorYears>0</AppliedToPriorYears>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>1127</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>0</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>0</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>0</ExcessDistriCyovAppliedCY>
        <TotalCorpus>0</TotalCorpus>
        <PriorYearUndistributedIncome>0</PriorYearUndistributedIncome>
        <PriorYearDeficiencyOrTax>0</PriorYearDeficiencyOrTax>
        <TaxableAmount1>0</TaxableAmount1>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>15025</UndistributedIncomeCY>
        <DistriFromCorpus170b1EOr4942g3>0</DistriFromCorpus170b1EOr4942g3>
        <ExcessDistriCyovFromYear5>0</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>0</ExcessDistriCyovToNextYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>WILLIAM L MUSSER JR</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERICAN RIVERS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1101 14TH STREET NW SUITE 1400</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20005</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CORNERSTONE LITERACY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>129 W 29TH STREET 9TH FLOOR SOUTH</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10001</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>LEWIS &amp; CLARK CO COMMUNITY FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 92</AddressLine1>
            <City>HELENA</City>
            <State>MT</State>
            <ZIPCode>59624</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MONTANA LAND RELIANCE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 355</AddressLine1>
            <City>HELENA</City>
            <State>MT</State>
            <ZIPCode>596240355</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MONTANA WILDERNESS ASSOCIATION INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>30 SOUTH EWING STREET</AddressLine1>
            <City>HELENA</City>
            <State>MT</State>
            <ZIPCode>59601</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NY INSTITUTE FOR SPECIAL EDUCATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>999 PELHAM PKWY N</AddressLine1>
            <City>BRONX</City>
            <State>NY</State>
            <ZIPCode>10469</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>TRUST FOR PUBLIC LAND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>120 S LASALLE STREET SUITE 2000</AddressLine1>
            <City>CHICAGO</City>
            <State>IL</State>
            <ZIPCode>60603</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NONE</RecipientRelationship>
          <RecipientFoundationStatus>501(C)(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>UNRESTRICTED GRANT FOR DONEE'S EXEMPT PURPOSE</PurposeOfGrantOrContribution>
          <Amount>2000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>14000</TotGrantOrContriPaidDuringYear>
        <TotGrantOrContriApprovedFuture>0</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>48</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>10910</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>6614</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>OTHER INCOME</Description>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>0</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>17572</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>0</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>17572</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>0</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
        <LoansOrLoanGuarantees>0</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>0</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>0</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>0</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFees>
        <Category>MCGLADREY LLP</Category>
        <Amount>2300</Amount>
        <NetInvestmentIncome>690</NetInvestmentIncome>
        <DisbursementsCharitablePrps>1610</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <AllOthProgRltdInvestmentsSch documentId="RetDoc2063500001">
      <AllOthProgRltdInvestments>
        <Description>N/A</Description>
        <Amount>0</Amount>
      </AllOthProgRltdInvestments>
    </AllOthProgRltdInvestmentsSch>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorpStock>
        <NameOfStock>100 APPLE INC</NameOfStock>
        <EOYBookValue>39013</EOYBookValue>
        <EOYFMV>55607</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2,000 EMC CORPORATION MASS</NameOfStock>
        <EOYBookValue>28260</EOYBookValue>
        <EOYFMV>47700</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>30 GOOGLE INC</NameOfStock>
        <EOYBookValue>18027</EOYBookValue>
        <EOYFMV>31788</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>20,000 HIPCRICKET INC</NameOfStock>
        <EOYBookValue>10690</EOYBookValue>
        <EOYFMV>10600</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>25,000 HOPTO INC</NameOfStock>
        <EOYBookValue>11375</EOYBookValue>
        <EOYFMV>11000</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2,500 LIGHTSTREAM RESOURCES LTD</NameOfStock>
        <EOYBookValue>45158</EOYBookValue>
        <EOYFMV>13153</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1,500 LIVEPERSON INC</NameOfStock>
        <EOYBookValue>13362</EOYBookValue>
        <EOYFMV>18435</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1,000 MAXIM INTERGRATED PRODS</NameOfStock>
        <EOYBookValue>22038</EOYBookValue>
        <EOYFMV>28480</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3,000 MFA FINANCIAL INC</NameOfStock>
        <EOYBookValue>24921</EOYBookValue>
        <EOYFMV>21870</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>1,000 MICROSOFT CORP</NameOfStock>
        <EOYBookValue>26100</EOYBookValue>
        <EOYFMV>38130</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3,000 SABA SOFTWARE INC</NameOfStock>
        <EOYBookValue>24110</EOYBookValue>
        <EOYFMV>35700</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>NYS DEPT OF LAW</Description>
        <RevenueAndExpensesPerBooks>100</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>100</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>BANK CHARGES</Description>
        <RevenueAndExpensesPerBooks>150</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>150</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <Taxes>
        <Category>FOREIGN TAXES</Category>
        <Amount>352</Amount>
        <NetInvestmentIncome>352</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>