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    <Timestamp>2013-02-26T06:30:58-08:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Charles J Marcus CPA</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>PO Box 7338</AddressLine1>
        <City>Santa Monica</City>
        <State>CA</State>
        <ZIPCode>90406</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>957092089</EIN>
      <Name>
        <BusinessNameLine1>First School Financial Aid Trust</BusinessNameLine1>
        <BusinessNameLine2>co Charles Marcus CPA</BusinessNameLine2>
      </Name>
      <NameControl>FIRS</NameControl>
      <Phone>3107747116</Phone>
      <USAddress>
        <AddressLine1>PO Box 7338</AddressLine1>
        <City>Santa Monica</City>
        <State>CA</State>
        <ZIPCode>90406</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>Pietro Martini</Name>
      <Title>Treasurer</Title>
      <DateSigned>2013-02-21</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>CHARLES J MARCUS</Name>
      <PTIN>P00235865</PTIN>
      <Phone>3103955254</Phone>
      <SelfEmployed>X</SelfEmployed>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
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      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <ScheduleBNotRequired>X</ScheduleBNotRequired>
      <WebSite>N/A</WebSite>
      <Organization501c3 referenceDocumentId="IRS990ScheduleA">X</Organization501c3>
      <GrossReceipts>109427</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>18500</ContributionsGiftsGrantsEtc>
      <InvestmentIncome>234</InvestmentIncome>
      <CostOtherBasisAndSalesExpenses>0</CostOtherBasisAndSalesExpenses>
      <FundraisingGrossIncome referenceDocumentId="IRS990ScheduleG">90693</FundraisingGrossIncome>
      <SpecialEventsDirectExpenses>35320</SpecialEventsDirectExpenses>
      <SpecialEventsNetIncomeLoss>55373</SpecialEventsNetIncomeLoss>
      <CostOfGoodsSold>0</CostOfGoodsSold>
      <TotalRevenue>74107</TotalRevenue>
      <GrantsAndSimilarAmountsPaid>67730</GrantsAndSimilarAmountsPaid>
      <SalariesOtherCompEmplBenefits>16430</SalariesOtherCompEmplBenefits>
      <FeesAndOthPymtToIndContractors>1800</FeesAndOthPymtToIndContractors>
      <OtherExpensesTotal>3756</OtherExpensesTotal>
      <TotalExpenses>89716</TotalExpenses>
      <ExcessOrDeficitForYear>-15609</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>95909</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>80300</NetAssetsOrFundBalancesEOY>
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        <BOY>95909</BOY>
        <EOY>80300</EOY>
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      <PrimaryExemptPurpose>To provide scholarships to children to attend preschool.</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>The First School Financial Aid Trust achieved its goal in providing a vast number of scholarships for children to attend an early childhood school in Santa Monica,CA. Without the financial assistance of the Fund, the donee families would be financially unable to provide for their children's attendance at the First School. Fourteen grants were made to qualifying parents during calendar year 2012.</DescriptionProgramServiceAccom>
      </ProgramServiceAccomplishment>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Clarissa Hoffman</PersonName>
        <Title>Trustee</Title>
        <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Maura Kay</PersonName>
        <Title>Trustee</Title>
        <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
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      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Wendy Bremen</PersonName>
        <Title>Trustee</Title>
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        <Compensation>0</Compensation>
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      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Kim Israel</PersonName>
        <Title>Trustee</Title>
        <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Pietro Martini</PersonName>
        <Title>Treasurer</Title>
        <AvgHoursPerWkDevotedToPosition>2.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <InfoInScheduleOPartV>X</InfoInScheduleOPartV>
      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>false</OrganizationHadUBI>
      <OrganizationFiled990T>false</OrganizationFiled990T>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <OrganizationDissolvedEtc>false</OrganizationDissolvedEtc>
      <DidOrgFileForm1120POLThisYear>false</DidOrgFileForm1120POLThisYear>
      <MadeLoansToFromOfficers>false</MadeLoansToFromOfficers>
      <InitiationFeesAndCapitalContri>0</InitiationFeesAndCapitalContri>
      <GrossReceiptsForPublicUse>0</GrossReceiptsForPublicUse>
      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TheBooksAreInCareOf>
        <NamePerson>Pietro Martini</NamePerson>
        <AddressUS>
          <AddressLine1>551 Grand Ave</AddressLine1>
          <City>Venice</City>
          <State>CA</State>
          <ZIPCode>90291</ZIPCode>
        </AddressUS>
        <TelephoneNumber>3107747116</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>false</DoesOrgHaveHospital>
      <TanningServicesProvided>false</TanningServicesProvided>
      <Form720Filed>false</Form720Filed>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionWithControlEntity>false</TransactionWithControlEntity>
      <EngagePoliticalCmpgnActivities>false</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities>false</EngageInLobbyingActivities>
      <OperatingSchool>false</OperatingSchool>
      <TrnsfrsExemptNonCharRelatedOrg>false</TrnsfrsExemptNonCharRelatedOrg>
      <RelatedOrgSection527Org>false</RelatedOrgSection527Org>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
      <FiledScheduleA>true</FiledScheduleA>
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      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>76885</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>79900</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>41707</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>10000</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>18500</CurrentTaxYear>
        <Total>226992</Total>
      </GiftsGrantsContribReceived509>
      <GrossReceiptsFromAdmissions>
        <CurrentTaxYearMinus4Years>106882</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>88606</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>76231</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>112527</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>90693</CurrentTaxYear>
        <Total>474939</Total>
      </GrossReceiptsFromAdmissions>
      <GrossReceiptsFromNonUBI>
        <Total>0</Total>
      </GrossReceiptsFromNonUBI>
      <TaxRevLeviedForOrgBenefit509>
        <Total>0</Total>
      </TaxRevLeviedForOrgBenefit509>
      <ValueOfSvcsFcltsFurnishdByGovt>
        <Total>0</Total>
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      <Total509>
        <CurrentTaxYearMinus4Years>183767</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>168506</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>117938</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>122527</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>109193</CurrentTaxYear>
        <Total>701931</Total>
      </Total509>
      <AmtsRecdFromDisqualPersons>
        <Total>0</Total>
      </AmtsRecdFromDisqualPersons>
      <AmtsFromSubstContributors>
        <Total>0</Total>
      </AmtsFromSubstContributors>
      <PublicSupportTotal509>701931</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYearMinus4Years>5765</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1141</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>240</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>36</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>226</CurrentTaxYear>
        <Total>7408</Total>
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      <Post1975UBTI>
        <Total>0</Total>
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      <InvestmentIncomeAndUBTI>
        <CurrentTaxYearMinus4Years>5765</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1141</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>240</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>36</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>226</CurrentTaxYear>
        <Total>7408</Total>
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      <NetIncomeFromOtherUBI>
        <Total>0</Total>
      </NetIncomeFromOtherUBI>
      <OtherIncome509>
        <CurrentTaxYearMinus3Years>1016</CurrentTaxYearMinus3Years>
        <Total>1016</Total>
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      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>189532</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>170663</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>118178</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>122563</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>109419</CurrentTaxYear>
        <Total>710355</Total>
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      <PublicSupportPercentage509>0.98810</PublicSupportPercentage509>
      <PriorYearSupportPercentage>0.97800</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.01040</InvestmentIncomePercentage>
      <PriorYrInvestIncomePercentage>0.02070</PriorYrInvestIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </IRS990ScheduleA>
    <IRS990ScheduleG documentId="IRS990ScheduleG" softwareId="12000229" softwareVersion="2012v2.0">
      <EventsInformation>
        <NameOfEvent1>Annual Fundraiser Dinner</NameOfEvent1>
        <GrossReceiptsEvent1>88196</GrossReceiptsEvent1>
        <GrossRevenueEvent1>88196</GrossRevenueEvent1>
        <RentFacilityCostsEvent1>35320</RentFacilityCostsEvent1>
        <GrossReceiptsTotal>88196</GrossReceiptsTotal>
        <GrossRevenueTotalEvents>88196</GrossRevenueTotalEvents>
        <RentFacilityCostsTotalEvents>35320</RentFacilityCostsTotalEvents>
        <DirectExpenseSummaryEvents>35320</DirectExpenseSummaryEvents>
        <NetIncomeSummary>52876</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="12000229" softwareVersion="2012v2.0">
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.8</Identifier>
        <ReturnReference>Other Expenses.8</ReturnReference>
        <Explanation>Repair $5</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.7</Identifier>
        <ReturnReference>Other Expenses.7</ReturnReference>
        <Explanation>Computer Expenses $17</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.6</Identifier>
        <ReturnReference>Other Expenses.6</ReturnReference>
        <Explanation>Bank Charges $34</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.5</Identifier>
        <ReturnReference>Other Expenses.5</ReturnReference>
        <Explanation>Supplies $87</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.4</Identifier>
        <ReturnReference>Other Expenses.4</ReturnReference>
        <Explanation>Utilities $210</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.3</Identifier>
        <ReturnReference>Other Expenses.3</ReturnReference>
        <Explanation>Professional Fees $500</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.2</Identifier>
        <ReturnReference>Other Expenses.2</ReturnReference>
        <Explanation>Insurance $1164</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.1</Identifier>
        <ReturnReference>Other Expenses.1</ReturnReference>
        <Explanation>Payroll Service Charges $1739</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 10.25</Identifier>
        <ReturnReference>Grants and Similar Amounts Paid In Excess of $5,000.25</ReturnReference>
        <Explanation>| Donee's Name: Ines Lopez &amp; P Santiago | Donee's Address: 5616 Homeside Los Angeles, CA 90016 | Cash Amount Given: $5460</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 10.22</Identifier>
        <ReturnReference>Grants and Similar Amounts Paid In Excess of $5,000.22</ReturnReference>
        <Explanation>| Donee's Name: Dympna &amp; Paul Madeley | Donee's Address: 2853 Federal Los Angels, CA 90064 | Cash Amount Given: $7760</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 10.20</Identifier>
        <ReturnReference>Grants and Similar Amounts Paid In Excess of $5,000.20</ReturnReference>
        <Explanation>| Donee's Name: Katia &amp; Oscar Gutierrez | Donee's Address: 2215 10th St Santa Monica, CA 90405 | Cash Amount Given: $7500</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 10.9</Identifier>
        <ReturnReference>Grants and Similar Amounts Paid In Excess of $5,000.9</ReturnReference>
        <Explanation>| Donee's Name: Norma Hernandez &amp; Sergio Hernandez | Donee's Address: 1517 South Mansfield Ave. Los Angeles, CA 90019 | Cash Amount Given: $6810</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 10.7</Identifier>
        <ReturnReference>Grants and Similar Amounts Paid In Excess of $5,000.7</ReturnReference>
        <Explanation>| Donee's Name: Anjali Dave &amp; Victor Caruso | Donee's Address: 7436 Arizona #4 Los Angeles, CA 90045 | Cash Amount Given: $5700</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 10.3</Identifier>
        <ReturnReference>Grants and Similar Amounts Paid In Excess of $5,000.3</ReturnReference>
        <Explanation>| Donee's Name: Graciela Lopez &amp; Juan Lopez | Donee's Address: 3981 Sawtelle Los Angeles, CA 90066 | Cash Amount Given: $9680</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>Client Note 1 - Statement of special events:A) Annual Fundraiser Dinner: The organization's main event consisting of dinner, music, entertainment, and an auction of goods and services. This event is the main source of the organization's scholarship funds.Financial Summary:Gross Receipts $ 88,196Direct Expenses 35,320Net Income $ 52,876</Explanation>
      </GeneralExplanation>
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