﻿<?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="2012v2.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-05-09T04:40:34-00:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Foundation Source</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>One Hollow Lane Suite 212</AddressLine1>
        <City>Lake Success</City>
        <State>NY</State>
        <ZIPCode>11042</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>201944690</EIN>
      <Name>
        <BusinessNameLine1>The Anne &amp; Michael Weprin Family Foundation</BusinessNameLine1>
      </Name>
      <NameControl>WEPR</NameControl>
      <Phone>8008391754</Phone>
      <USAddress>
        <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
        <City>Wilmington</City>
        <State>DE</State>
        <ZIPCode>198091377</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Michael Weprin</Name>
      <Title>President</Title>
      <DateSigned>2013-05-09</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Jeffrey D Haskell</Name>
      <Phone>8008391754</Phone>
      <DatePrepared>2013-05-09</DatePrepared>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990PF documentId="990PF" softwareId="12000057" softwareVersion="12.13.328.3">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>272285</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <InterestOnSavingsRevAndExpnss>29</InterestOnSavingsRevAndExpnss>
        <InterestOnSavingsNetInvstIncm>29</InterestOnSavingsNetInvstIncm>
        <DividendsRevAndExpnss>8483</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>8483</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss referenceDocumentId="990PF:69">7929</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>13925</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>7929</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>16441</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>16441</TotalNetInvestmentIncome>
        <TaxesRevAndExpnss referenceDocumentId="990PF:75">232</TaxesRevAndExpnss>
        <OtherExpensesRevAndExpnss referenceDocumentId="990PF:76">5968</OtherExpensesRevAndExpnss>
        <OtherExpensesDsbrsChrtblPrps>5968</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>6200</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>0</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>5968</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>6500</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>6500</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>12700</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>0</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>12468</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>3741</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>16441</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>7021</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>801</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>801</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpStockBOY>236601</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="990PF:86">246562</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>271484</InvestmentsCorpStockEOYFMV>
        <TotalAssetsBOY>243622</TotalAssetsBOY>
        <TotalAssetsEOY>247363</TotalAssetsEOY>
        <TotalAssetsEOYFMV>272285</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <RetainedEarningsBOY>243622</RetainedEarningsBOY>
        <RetainedEarningsEOY>247363</RetainedEarningsEOY>
        <TotalNetAssetsBOY>243622</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>247363</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>243622</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>247363</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>243622</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>3741</ExcessOfRevenueOverExpenses>
        <Subtotal>247363</Subtotal>
        <TotalNetAssetsFundBalancesEOY>247363</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>Publicly-traded Securities</DescriptionOfAsset>
          <GrossSalesPrice>13925</GrossSalesPrice>
          <CostOrOtherBasis>5996</CostOrOtherBasis>
          <GainOrLoss>7929</GainOrLoss>
          <GainsMinusExcessOrLosses>7929</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>7929</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>9950</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>252187</NoncharitableAssetsYear1>
        <DistributionRatioYear1>000.039455</DistributionRatioYear1>
        <QualifyingDistributionsYear2>12095</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>239190</NoncharitableAssetsYear2>
        <DistributionRatioYear2>000.050566</DistributionRatioYear2>
        <QualifyingDistributionsYear3>10389</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>202209</NoncharitableAssetsYear3>
        <DistributionRatioYear3>000.051378</DistributionRatioYear3>
        <QualifyingDistributionsYear4>10881</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>212621</NoncharitableAssetsYear4>
        <DistributionRatioYear4>000.051176</DistributionRatioYear4>
        <QualifyingDistributionsYear5>6337</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>222237</NoncharitableAssetsYear5>
        <DistributionRatioYear5>000.028515</DistributionRatioYear5>
        <TotalDistributionRatio>000.221090</TotalDistributionRatio>
        <AverageDistributionRatio>000.044218</AverageDistributionRatio>
        <NetNoncharitableAssets>263041</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>11631</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>164</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>11795</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>12468</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>164</InvestmentIncomeExciseTax>
        <Subtotal>164</Subtotal>
        <TaxBasedOnInvestmentIncome>164</TaxBasedOnInvestmentIncome>
        <TaxDue>164</TaxDue>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>true</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <Form990PFFiledWithAG>true</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>true</ComplyWithPublicInspectionRqr>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>co Foundation Source</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>8008391754</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>501 Silverside Road Suite 123</AddressLine1>
          <City>Wilmington</City>
          <State>DE</State>
          <ZIPCode>198091377</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>
        <UncorrectedPriorActs>false</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>false</UndistributedIncomePriorYears>
        <BusinessHoldings>false</BusinessHoldings>
        <JeopardyInvestments>false</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>false</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>false</InfluenceLegislation>
        <InfluenceElection>false</InfluenceElection>
        <GrantsToIndividuals>false</GrantsToIndividuals>
        <GrantsToOrganizations>false</GrantsToOrganizations>
        <NoncharitablePurpose>false</NoncharitablePurpose>
        <PayPremiumsPrsnlBnftContract>false</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>Michael Weprin</PersonName>
          <USAddress>
            <AddressLine1>Foundation Source 501 Silverside Rd</AddressLine1>
            <City>Wilmington</City>
            <State>DE</State>
            <ZIPCode>19809</ZIPCode>
          </USAddress>
          <Title>Pres / Dir / Sec</Title>
          <AvgHoursPerWkDevotedToPosition>001.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>263249</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>3798</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>267047</TotalFMVOfUnusedAssets>
        <AdjTotalFMVOfUnusedAssets>267047</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable referenceDocumentId="990PF:177">4006</CashDeemedCharitable>
        <NetNoncharitableAssets>263041</NetNoncharitableAssets>
        <MinimumInvestmentReturn>13152</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>13152</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>164</TaxBasedOnInvestmentIncome>
        <TotalTax>164</TotalTax>
        <DistributableAmountBeforeAdj>12988</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>12988</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>12988</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions referenceDocumentId="990PF:178">12468</ExpensesAndContributions>
        <QualifyingDistributions>12468</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>164</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>12304</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>12988</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>12093</UndistributedIncomePriorYear>
        <QualifyingDistributions>12468</QualifyingDistributions>
        <AppliedToYear1>12093</AppliedToYear1>
        <AppliedToCurrentYear>375</AppliedToCurrentYear>
        <UndistributedIncomeCY>12613</UndistributedIncomeCY>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>Michael Weprin</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CHAPPAQUA SCHOOL FOUNDATION INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 202</AddressLine1>
            <City>CHAPPAQUA</City>
            <State>NY</State>
            <ZIPCode>10514</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>2500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>RWANDA EDUCATION ASSISTANCE PROJECT</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5 SAMUEL PURDY LN</AddressLine1>
            <City>KATONAH</City>
            <State>NY</State>
            <ZIPCode>10536</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SOCTY FOR PREVEN OF CRUELTY TO ANIMALS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>590 N STATE RD</AddressLine1>
            <City>BRIARCLIFF</City>
            <State>NY</State>
            <ZIPCode>10510</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE FOOD BANK FOR WESTCHESTER INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>200 CLEARBROOK RD</AddressLine1>
            <City>ELMSFORD</City>
            <State>NY</State>
            <ZIPCode>10523</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WESTCHESTER COAL FOR HUNGRY &amp; HOMELESS</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>48 MAMARONECK AVE</AddressLine1>
            <City>WHITE PLAINS</City>
            <State>NY</State>
            <ZIPCode>10603</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>N/A</RecipientRelationship>
          <RecipientFoundationStatus>509a1</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>General Unrestricted</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>6500</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <IntOnSavingsAndTempCashInvst>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>29</ExclusionAmount>
        </IntOnSavingsAndTempCashInvst>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>8483</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>7929</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <ExclusionAmount>16441</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>16441</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>
    <GainLossSaleOtherAssetsSch documentId="990PF:69" softwareId="12000057" softwareVersion="12.13.328.3">
      <GainLossSaleOtherAsset>
        <Name>Publicly-traded Securities</Name>
        <GrossSalesPrice>13925</GrossSalesPrice>
        <Basis>5996</Basis>
        <TotalNet>7929</TotalNet>
      </GainLossSaleOtherAsset>
    </GainLossSaleOtherAssetsSch>
    <GeneralExplanationAttachment documentId="990PF:123" softwareId="12000057" softwareVersion="12.13.328.3"></GeneralExplanationAttachment>
    <InvestmentsCorpStockSchedule documentId="990PF:86" softwareId="12000057" softwareVersion="12.13.328.3">
      <InvestmentsCorpStock>
        <NameOfStock>11860 shares of FIDELITY SCH STR TR STRATEGIC INCOME FUND</NameOfStock>
        <EOYBookValue>126565</EOYBookValue>
        <EOYFMV>134849</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>6141 shares of T ROWE PRICE CAPITAL APPRECIATION FUND</NameOfStock>
        <EOYBookValue>119997</EOYBookValue>
        <EOYFMV>136635</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="990PF:76" softwareId="12000057" softwareVersion="12.13.328.3">
      <OtherExpenses>
        <Description>Administrative Fees</Description>
        <RevenueAndExpensesPerBooks>5943</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>5943</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>State or Local Filing Fees</Description>
        <RevenueAndExpensesPerBooks>25</RevenueAndExpensesPerBooks>
        <DisbursementsCharitablePrps>25</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="990PF:75" softwareId="12000057" softwareVersion="12.13.328.3">
      <Taxes>
        <Category>Excise Tax for 2011</Category>
        <Amount>232</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>