﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2012v2.0" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-06-26T07:18:11-07:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>PHILLIP M STERN &amp; CO</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>1901 51ST STREET STE 1A</AddressLine1>
        <City>BROOKLYN</City>
        <State>NY</State>
        <ZIPCode>11204</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>274430732</EIN>
      <Name>
        <BusinessNameLine1>THE KAGAN FAMILY FOUNDATION INC</BusinessNameLine1>
      </Name>
      <NameControl>KAGA</NameControl>
      <USAddress>
        <AddressLine1>1876 55TH ST</AddressLine1>
        <City>BROOKLYN</City>
        <State>NY</State>
        <ZIPCode>11204</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Meir Kagan</Name>
      <Title>President</Title>
      <DateSigned>2013-06-26</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Phillip M Stern CPA</Name>
      <PTIN>P00426930</PTIN>
      <Phone>7182320770</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="4">
    <IRS990PF documentId="IRS990PF" referenceDocumentId="GeneralExplanation" softwareId="12000229" softwareVersion="2012v2.0">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>212913</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>99000</ContriReceivedRevAndExpnss>
        <InterestOnSavingsRevAndExpnss>9728</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>9728</InterestOnSavingsNetInvstIncm>
        <InterestOnSavingsAdjNetIncm>9728</InterestOnSavingsAdjNetIncm>
        <TotalRevenueAndExpenses>108728</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>9728</TotalNetInvestmentIncome>
        <TotalAdjustedNetIncome>9728</TotalAdjustedNetIncome>
        <OtherExpensesRevAndExpnss referenceDocumentId="OtherExpensesSchedule AmortizationSchedule">60</OtherExpensesRevAndExpnss>
        <TotOprExpensesRevAndExpnss>60</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>0</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>0</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>78240</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>78240</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>78300</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>0</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>78240</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>30428</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>9728</NetInvestmentIncome>
        <AdjustedNetIncome>9728</AdjustedNetIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <CashBOY>182485</CashBOY>
        <CashEOY>62913</CashEOY>
        <CashEOYFMV>62913</CashEOYFMV>
        <InvestmentsOtherEOY referenceDocumentId="InvestmentsOtherSchedule2">150000</InvestmentsOtherEOY>
        <InvestmentsOtherEOYFMV>150000</InvestmentsOtherEOYFMV>
        <TotalAssetsBOY>182485</TotalAssetsBOY>
        <TotalAssetsEOY>212913</TotalAssetsEOY>
        <TotalAssetsEOYFMV>212913</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatFollowSFAS117>X</OrgThatFollowSFAS117>
        <UnrestrictedBOY>182485</UnrestrictedBOY>
        <UnrestrictedEOY>212913</UnrestrictedEOY>
        <TotalNetAssetsBOY>182485</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>212913</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>182485</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>212913</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>182485</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>30428</ExcessOfRevenueOverExpenses>
        <Subtotal>212913</Subtotal>
        <TotalNetAssetsFundBalancesEOY>212913</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>195</InvestmentIncomeExciseTax>
        <Subtotal>195</Subtotal>
        <TaxBasedOnInvestmentIncome>195</TaxBasedOnInvestmentIncome>
        <TaxDue>195</TaxDue>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <Form990TFiled>false</Form990TFiled>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>NY</StatesFiledWith>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>MEIR KAGAN</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>3472424854</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>1876 55TH ST</AddressLine1>
          <City>BROOKLYN</City>
          <State>NY</State>
          <ZIPCode>11204</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>false</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>false</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>false</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>false</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>false</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>false</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>false</PaymentToGovernmentOffical>
        <ActsFailToQualifyAsExceptions>false</ActsFailToQualifyAsExceptions>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <UndistrIncome4942a2NotApplied>false</UndistrIncome4942a2NotApplied>
        <BusinessHoldings>false</BusinessHoldings>
        <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <TrFailToQualifyAsExceptions>false</TrFailToQualifyAsExceptions>
        <MaintExpendResponsibility>false</MaintExpendResponsibility>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
        <ProceedsOrNetIncome>false</ProceedsOrNetIncome>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Israel Werdyger</PersonName>
          <USAddress>
            <AddressLine1>1447 48th Street</AddressLine1>
            <City>Brooklyn</City>
            <State>NY</State>
            <ZIPCode>11219</ZIPCode>
          </USAddress>
          <Title>Treasurer</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Gitty Kagan</PersonName>
          <USAddress>
            <AddressLine1>1876 55th Street</AddressLine1>
            <City>Brooklyn</City>
            <State>NY</State>
            <ZIPCode>11204</ZIPCode>
          </USAddress>
          <Title>Secretary</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Meir Kagan</PersonName>
          <USAddress>
            <AddressLine1>1876 55th Street</AddressLine1>
            <City>Brooklyn</City>
            <State>NY</State>
            <ZIPCode>11204</ZIPCode>
          </USAddress>
          <Title>President</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>0</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>72270</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>72270</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AdjTotalFMVOfUnusedAssets>72270</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>1084</CashDeemedCharitable>
        <NetNoncharitableAssets>71186</NetNoncharitableAssets>
        <MinimumInvestmentReturn>3559</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>3559</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>195</TaxBasedOnInvestmentIncome>
        <TotalTax>195</TotalTax>
        <DistributableAmountBeforeAdj>3364</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>3364</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>3364</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>78240</ExpensesAndContributions>
        <QualifyingDistributions>78240</QualifyingDistributions>
        <AdjQualifyingDistributions>78240</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>3364</DistributableAmountAsAdjusted>
        <ExcessDistriCarryoverYear1>96229</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>96229</TotalExcessDistriCarryover>
        <QualifyingDistributions>78240</QualifyingDistributions>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>3364</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>74876</RemainingDistriFromCorpus>
        <TotalCorpus>171105</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>171105</ExcessDistriCyovToNextYear>
        <ExcessFromYear1>96229</ExcessFromYear1>
        <ExcessFromCurrentYear>74876</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>Meir Kagan</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>ROSENBERG</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>1158 42nd Street</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11219</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>NOT RELATED</RecipientRelationship>
          <RecipientFoundationStatus>N/A</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ASSISTANCE TO INDIGENT</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MERKAZ HATORAH VEHACHINUCH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>128 PARKVILLE AVE</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11230</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>EDUCATIONAL ASSISTANCE</PurposeOfGrantOrContribution>
          <Amount>1800</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>CONGREGATION KEHILAS YAAKOV YITZCHO</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>92 WEBSTER AVE</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11230</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ASSISTANCE TO INDIGENT</PurposeOfGrantOrContribution>
          <Amount>1110</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PAILE YOEDZ DBA ISH AL DIGLOY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>163 HEWES STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11211</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ASSISTANCE TO INDIGENT</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>IMANU</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>324 AVE 1</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11230</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ASSISTANCE TO INDIGENT</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CHESED YISROEL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1769 51ST STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11204</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ASSISTANCE TO INDIGENT</PurposeOfGrantOrContribution>
          <Amount>2750</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>KUPAT EIZER NAISUIN BAIS YISROEL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1274 49TH STREET STE 169</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11219</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ASSISTANCE TO INDIGENT</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FRIENDS OF BAIS YISROEL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4802 19TH AVENUE</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11204</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ASSISTANCE TO INDIGENT</PurposeOfGrantOrContribution>
          <Amount>250</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERICAN FRIENDS OF YESHIVA IMREI EMES</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3822 15TH AVE</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11218</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>EDUCATIONAL ASSISTANCE</PurposeOfGrantOrContribution>
          <Amount>250</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientPersonName>AMERICAN FRIENDS OF SFATH EMETH YES</RecipientPersonName>
          <RecipientUSAddress>
            <AddressLine1>4608 10TH AVE</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11219</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>EDUCATIONAL ASSISTANCE</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AMERICAN FRIENDS OF BET SHEMESH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1505 56TH STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11219</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ASSISTANCE TO INDIGENT</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>AGUDATH ISRAEL OF MIDWOOD</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>817 AVENUE H</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11230</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ASSISTANCE TO INDIGENT</PurposeOfGrantOrContribution>
          <Amount>750</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>YESHIVA YAGDIL TORAH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5110 18TH AVE</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11204</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>EDUCATIONAL ASSISTANCE</PurposeOfGrantOrContribution>
          <Amount>600</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>YESHIVA GEVOHA LEV SIMCHA</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5108 18TH AVE</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11204</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>EDUCATIONAL ASSISTANCE</PurposeOfGrantOrContribution>
          <Amount>2800</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FRIENDS OF YESHIVATH CHEDUSHEI HARIM</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1142 49TH STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11219</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>EDUCATIONAL ASSISTANCE</PurposeOfGrantOrContribution>
          <Amount>450</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MESIVTA BAIS YISROEL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5407 16TH AVE</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11204</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>EDUCATIONAL ASSISTANCE</PurposeOfGrantOrContribution>
          <Amount>1800</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>KOLLEL CHASIDEI GUR</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1537 51ST STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11219</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ASSISTANCE TO INDIGENT</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>KEREN HATZOLAS DOROS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3924 NEW UTRECHT AVE</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11219</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ASSISTANCE TO INDIGENT</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FRIENDS OF REAIM</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1149 42ND STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11219</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>EDUCATIONAL ASSISTANCE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BONEI OLAM</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4205 17TH AVENUE</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11204</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>ASSISTANCE TO INDIGENT</PurposeOfGrantOrContribution>
          <Amount>3800</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ICHUD MOSDOS GUR</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1310 48TH STREET</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11219</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>EDUCATIONAL ASSISTANCE</PurposeOfGrantOrContribution>
          <Amount>50380</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CONGREGATION PNEI MENACHEM</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4533 18th AVENUE</AddressLine1>
            <City>BROOKLYN</City>
            <State>NY</State>
            <ZIPCode>11204</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>501 C(3)</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>EDUCATIONAL ASSISTANCE</PurposeOfGrantOrContribution>
          <Amount>5500</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>78240</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <RelatedOrExemptFunctionIncome>9728</RelatedOrExemptFunctionIncome>
        </IntOnSavingsAndTempCashInvst>
        <SubtotalsPartXVIA>
          <RelatedOrExemptFunctionIncome>9728</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>9728</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>false</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>false</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>false</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>false</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>false</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>false</ReimbursementArrangements>
        <LoansOrLoanGuarantees>false</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>false</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>false</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>false</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="12000229" softwareVersion="2012v2.0">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>2</ContributorNumber>
        <ContributorNameIndividual>MEIR KAGAN</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>1876 55TH STREET</AddressLine1>
          <City>BROOKLYN</City>
          <State>NY</State>
          <ZIPCode>11204</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>50000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>FIRST MK FAMILY TRUST</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>1876 55TH STREET</AddressLine1>
          <City>BROOKLYN</City>
          <State>NY</State>
          <ZIPCode>11204</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>49000</AggregateContributions>
        <PersonContributionType>X</PersonContributionType>
      </ContributorInfo>
    </IRS990ScheduleB>
    <InvestmentsOtherSchedule2 documentId="InvestmentsOtherSchedule2" softwareId="12000229" softwareVersion="2012v2.0">
      <InvestmentsOther>
        <CategoryOrItem>Long Term Investment-NR Portfolio</CategoryOrItem>
        <ListedAtCostOrFMV>AT COST</ListedAtCostOrFMV>
        <BookValue>150000</BookValue>
        <EOYFMV>150000</EOYFMV>
      </InvestmentsOther>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule" softwareId="12000229" softwareVersion="2012v2.0">
      <OtherExpenses>
        <Description>FILING FEES</Description>
        <RevenueAndExpensesPerBooks>60</RevenueAndExpensesPerBooks>
      </OtherExpenses>
    </OtherExpensesSchedule>
  </ReturnData>
</Return>