﻿<?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="2011v1.5">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-06-28T12:24:48-05:00</Timestamp>
    <TaxPeriodEndDate>2012-11-30</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>453994797</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>LGC&amp;D LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>TEN WEYBOSSET STREET - SUITE 700</AddressLine1>
        <City>PROVIDENCE</City>
        <State>RI</State>
        <ZIPCode>02903</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-12-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>050487100</EIN>
      <Name>
        <BusinessNameLine1>THE PICERNE CHARITABLE TRUST</BusinessNameLine1>
      </Name>
      <NameControl>PICE</NameControl>
      <Phone>4017323700</Phone>
      <USAddress>
        <AddressLine1>1420 EAST MISSOURI AVE 100</AddressLine1>
        <City>PHOENIX</City>
        <State>AZ</State>
        <ZIPCode>85014</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>RONALD R S PICERNE</Name>
      <Title>TRUSTEE</Title>
      <Phone>4017323700</Phone>
      <DateSigned>2013-05-07</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>JERROLD DORFMAN</Name>
      <PTIN>P00064325</PTIN>
      <Phone>4014214800</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990PF documentId="RetDoc1235000001">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>2683766</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>1054604</ContriReceivedRevAndExpnss>
        <DividendsRevAndExpnss>53697</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>53697</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>19285</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>94416</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>19285</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>1127586</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>72982</TotalNetInvestmentIncome>
        <CompOfcrDirTrstRevAndExpnss>0</CompOfcrDirTrstRevAndExpnss>
        <CompOfcrDirTrstNetInvstIncm>0</CompOfcrDirTrstNetInvstIncm>
        <CompOfcrDirTrstDsbrsChrtblPrps>0</CompOfcrDirTrstDsbrsChrtblPrps>
        <AccountingFeesRevAndExpnss referenceDocumentId="RetDoc2002200001">64</AccountingFeesRevAndExpnss>
        <AccountingFeesNetInvstIncm>0</AccountingFeesNetInvstIncm>
        <AccountingFeesDsbrsChrtblPrps>0</AccountingFeesDsbrsChrtblPrps>
        <TaxesRevAndExpnss referenceDocumentId="RetDoc2002500001">260</TaxesRevAndExpnss>
        <TaxesNetInvstIncm>0</TaxesNetInvstIncm>
        <TaxesDsbrsChrtblPrps>0</TaxesDsbrsChrtblPrps>
        <OtherExpensesRevAndExpnss referenceDocumentId="RetDoc2003200001">56</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>0</OtherExpensesNetInvstIncm>
        <OtherExpensesDsbrsChrtblPrps>0</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>380</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>0</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>0</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>154800</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>154800</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>155180</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>0</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>154800</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>972406</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>72982</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <CashBOY>961</CashBOY>
        <CashEOY>10836</CashEOY>
        <CashEOYFMV>10835</CashEOYFMV>
        <SavingsAndTempCashInvstBOY>95762</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>78820</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>78820</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpStockBOY>678495</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="RetDoc2018900001">1657968</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>2594111</InvestmentsCorpStockEOYFMV>
        <TotalAssetsBOY>775218</TotalAssetsBOY>
        <TotalAssetsEOY>1747624</TotalAssetsEOY>
        <TotalAssetsEOYFMV>2683766</TotalAssetsEOYFMV>
        <TotalLiabilitiesBOY>0</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <CapitalStockBOY>0</CapitalStockBOY>
        <CapitalStockEOY>0</CapitalStockEOY>
        <PaidInOrCapitalSurplusBOY>0</PaidInOrCapitalSurplusBOY>
        <PaidInOrCapitalSurplusEOY>0</PaidInOrCapitalSurplusEOY>
        <RetainedEarningsBOY>775218</RetainedEarningsBOY>
        <RetainedEarningsEOY>1747624</RetainedEarningsEOY>
        <TotalNetAssetsBOY>775218</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>1747624</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>775218</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>1747624</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>775218</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>972406</ExcessOfRevenueOverExpenses>
        <OtherIncreases>0</OtherIncreases>
        <Subtotal>1747624</Subtotal>
        <OtherDecreases>0</OtherDecreases>
        <TotalNetAssetsFundBalancesEOY>1747624</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1000 SHS MERCK &amp; CO INC NEW COM</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>1996-04-22</DateAcquired>
          <DateSold>2011-12-22</DateSold>
          <GrossSalesPrice>37393</GrossSalesPrice>
          <CostOrOtherBasis>29327</CostOrOtherBasis>
          <GainOrLoss>8066</GainOrLoss>
          <GainsMinusExcessOrLosses>8066</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1700 SHS SEADRILL LTD</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-08-08</DateAcquired>
          <DateSold>2012-05-31</DateSold>
          <GrossSalesPrice>57023</GrossSalesPrice>
          <CostOrOtherBasis>45804</CostOrOtherBasis>
          <GainOrLoss>11219</GainOrLoss>
          <GainsMinusExcessOrLosses>11219</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>19285</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>0</LiableFor4942Tax>
        <QualifyingDistributionsYear1>74600</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>1569641</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.047527</DistributionRatioYear1>
        <QualifyingDistributionsYear2>145500</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>1603270</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.090752</DistributionRatioYear2>
        <QualifyingDistributionsYear3>315637</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>1429276</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.220837</DistributionRatioYear3>
        <QualifyingDistributionsYear4>267181</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>2564631</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.104179</DistributionRatioYear4>
        <QualifyingDistributionsYear5>205932</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>3596584</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.057258</DistributionRatioYear5>
        <TotalDistributionRatio>0.520553</TotalDistributionRatio>
        <AverageDistributionRatio>0.104111</AverageDistributionRatio>
        <NetNoncharitableAssets>1694186</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>176383</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>730</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>177113</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>154800</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>1460</InvestmentIncomeExciseTax>
        <TaxUnderSection511>0</TaxUnderSection511>
        <Subtotal>1460</Subtotal>
        <SubtitleATax>0</SubtitleATax>
        <TaxBasedOnInvestmentIncome>1460</TaxBasedOnInvestmentIncome>
        <EstTaxPaymentsAndOverpayment>776</EstTaxPaymentsAndOverpayment>
        <TotalCreditsAndPayments>776</TotalCreditsAndPayments>
        <TaxDue>684</TaxDue>
      </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>AZ</StatesFiledWith>
        <Form990PFFiledWithAG>1</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>0</PrivateOperatingFoundation>
        <NewSubstantialContributors>0</NewSubstantialContributors>
        <InterestInControlledEntity>0</InterestInControlledEntity>
        <ApplicableInsuranceContract>0</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>1</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfPersonName>ROBERT HADLEY CO PICERNE</BooksInCareOfPersonName>
        <BooksInCareOfPhoneNumber>4017323700</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>75 LAMBERT LIND HWY</AddressLine1>
          <City>WARWICK</City>
          <State>RI</State>
          <ZIPCode>02886</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>RONALD RS PICERNE</PersonName>
          <USAddress>
            <AddressLine1>1420 E MISSOURI AVE STE 100</AddressLine1>
            <City>PHOENIX</City>
            <State>AZ</State>
            <ZIPCode>85014</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>1.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>DAVID R PICERNE</PersonName>
          <USAddress>
            <AddressLine1>1420 E MISSOURI AVE STE 100</AddressLine1>
            <City>PHOENIX</City>
            <State>AZ</State>
            <ZIPCode>85014</ZIPCode>
          </USAddress>
          <Title>TREASURER</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>
      <SumOfProgramRelatedInvestments>
        <Total>0</Total>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>1619659</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>100327</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>1719986</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>1719986</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>25800</CashDeemedCharitable>
        <NetNoncharitableAssets>1694186</NetNoncharitableAssets>
        <MinimumInvestmentReturn>84709</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>84709</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>1460</TaxBasedOnInvestmentIncome>
        <TotalTax>1460</TotalTax>
        <DistributableAmountBeforeAdj>83249</DistributableAmountBeforeAdj>
        <RecoveriesQlfyDistributions>0</RecoveriesQlfyDistributions>
        <DistributableAmountBeforeDed>83249</DistributableAmountBeforeDed>
        <DeductionFrDistributableAmount>0</DeductionFrDistributableAmount>
        <DistributableAmountAsAdjusted>83249</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>154800</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <QualifyingDistributions>154800</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>0</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>154800</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>83249</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>0</UndistributedIncomePriorYear>
        <TotalForPriorYears>0</TotalForPriorYears>
        <ExcessDistriCarryoverYear5>29785</ExcessDistriCarryoverYear5>
        <ExcessDistriCarryoverYear4>147187</ExcessDistriCarryoverYear4>
        <ExcessDistriCarryoverYear3>249899</ExcessDistriCarryoverYear3>
        <ExcessDistriCarryoverYear2>66628</ExcessDistriCarryoverYear2>
        <TotalExcessDistriCarryover>493499</TotalExcessDistriCarryover>
        <QualifyingDistributions>154800</QualifyingDistributions>
        <AppliedToYear1>0</AppliedToYear1>
        <AppliedToPriorYears>0</AppliedToPriorYears>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>83249</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>71551</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>0</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>0</ExcessDistriCyovAppliedCY>
        <TotalCorpus>565050</TotalCorpus>
        <PriorYearUndistributedIncome>0</PriorYearUndistributedIncome>
        <PriorYearDeficiencyOrTax>0</PriorYearDeficiencyOrTax>
        <TaxableAmount1>0</TaxableAmount1>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <DistriFromCorpus170b1EOr4942g3>0</DistriFromCorpus170b1EOr4942g3>
        <ExcessDistriCyovFromYear5>29785</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>535265</ExcessDistriCyovToNextYear>
        <ExcessFromYear4>147187</ExcessFromYear4>
        <ExcessFromYear3>249899</ExcessFromYear3>
        <ExcessFromYear2>66628</ExcessFromYear2>
        <ExcessFromCurrentYear>71551</ExcessFromCurrentYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <ContributingManager>RONALD RS PICERNE</ContributingManager>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WALKING IN LOVE INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>447 S NOVA ROAD</AddressLine1>
            <City>ORMOND BEACH</City>
            <State>FL</State>
            <ZIPCode>32174</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>CHARITABLE ORGANIZAT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT CHARITABLE OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>50000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HARVARD UNIVERSITY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>SOLDIERS FIELD</AddressLine1>
            <City>BOSTON</City>
            <State>MA</State>
            <ZIPCode>02163</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>CHARITABLE ORGANIZAT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT CHARITABLE OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>OUR FAMILY FOR FAMILIES FIRST</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1405 S COUNTY TRAIL SUITE 530</AddressLine1>
            <City>E GREENWICH TRAIL</City>
            <State>RI</State>
            <ZIPCode>02852</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>CHARITABLE ORGANIZAT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT CHARITABLE OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>1250</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>SERVANT HEART MINISTRIES</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>12340 KIRBY SMITH RD</AddressLine1>
            <City>ORLANDO</City>
            <State>FL</State>
            <ZIPCode>32832</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>CHARITABLE ORGANIZAT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT CHARITABLE OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>100</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE BRADLEY HOSPITAL FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX H</AddressLine1>
            <City>PROVIDENCE</City>
            <State>RI</State>
            <ZIPCode>02901</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>CHARITABLE ORGANIZAT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT CHARITABLE OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BOSTON COLLEGE LAW SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>855 CENTER STREET</AddressLine1>
            <City>NEWTON</City>
            <State>MA</State>
            <ZIPCode>02459</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>CHARITABLE ORGANIZAT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT CHARITABLE OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>70000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>ST PATRICK ACADEMY</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>244 SMITH STREET</AddressLine1>
            <City>PROVIDENCE</City>
            <State>RI</State>
            <ZIPCode>02908</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>CHARITABLE ORGANIZAT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT CHARITABLE OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>7500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>WARWICK NATIONAL LITTLE LEAGUE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>15 PARK ROW WEST 3RD FLOOR</AddressLine1>
            <City>PROVIDENCE</City>
            <State>RI</State>
            <ZIPCode>02908</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>CHARITABLE ORGANIZAT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT CHARITABLE OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>200</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>YEAR UP PROVIDENCE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>10 DORRANCE STREET</AddressLine1>
            <City>PROVIDENCE</City>
            <State>RI</State>
            <ZIPCode>02903</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>CHARITABLE ORGANIZAT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT CHARITABLE OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE GRODEN CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>86 MOUNT HOPE STEET</AddressLine1>
            <City>PROVIDENCE</City>
            <State>RI</State>
            <ZIPCode>02906</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>CHARITABLE ORGANIZAT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT CHARITABLE OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE SAN MIGUEL SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>525 BRANCH AVENUE</AddressLine1>
            <City>PROVIDENCE</City>
            <State>RI</State>
            <ZIPCode>02904</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>CHARITABLE ORGANIZAT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT CHARITABLE OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>8500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FRIARS FOREVER FUND</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>333 EATON STREET</AddressLine1>
            <City>PROVIDENCE</City>
            <State>RI</State>
            <ZIPCode>02908</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>CHARITABLE ORGANIZAT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT CHARITABLE OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BROWN ATHLETICS HALL OF FAME</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 1925</AddressLine1>
            <City>PROVIDENCE</City>
            <State>RI</State>
            <ZIPCode>02912</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>CHARITABLE ORGANIZAT</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>SUPPORT CHARITABLE OPERATIONS</PurposeOfGrantOrContribution>
          <Amount>250</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>154800</TotGrantOrContriPaidDuringYear>
        <TotGrantOrContriApprovedFuture>0</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>53697</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>19285</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>0</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>72982</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>0</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>72982</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>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <Organization501c3ExemptPF>X</Organization501c3ExemptPF>
      <GeneralRule>X</GeneralRule>
      <ContributorInfo>
        <ContributorNumber>1</ContributorNumber>
        <ContributorNameIndividual>RONALD R S PICERNE</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>6737 NORTH 60TH STREET</AddressLine1>
          <City>PARADISE VALLEY</City>
          <State>AZ</State>
          <ZIPCode>85253</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>109952</AggregateContributions>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>2</ContributorNumber>
        <ContributorNameIndividual>RONALD R S PICERNE</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>6737 NORTH 60TH STREET</AddressLine1>
          <City>PARADISE VALLEY</City>
          <State>AZ</State>
          <ZIPCode>85253</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>100992</AggregateContributions>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>3</ContributorNumber>
        <ContributorNameIndividual>RONALD R S PICERNE</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>6737 NORTH 60TH STREET</AddressLine1>
          <City>PARADISE VALLEY</City>
          <State>AZ</State>
          <ZIPCode>85253</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>105200</AggregateContributions>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>4</ContributorNumber>
        <ContributorNameIndividual>RONALD R S PICERNE</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>6737 NORTH 60TH STREET</AddressLine1>
          <City>PARADISE VALLEY</City>
          <State>AZ</State>
          <ZIPCode>85253</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>104340</AggregateContributions>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>5</ContributorNumber>
        <ContributorNameIndividual>RONALD R S PICERNE</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>6737 NORTH 60TH STREET</AddressLine1>
          <City>PARADISE VALLEY</City>
          <State>AZ</State>
          <ZIPCode>85253</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>110943</AggregateContributions>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>6</ContributorNumber>
        <ContributorNameIndividual>RONALD R S PICERNE</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>6737 NORTH 60TH STREET</AddressLine1>
          <City>PARADISE VALLEY</City>
          <State>AZ</State>
          <ZIPCode>85253</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>104385</AggregateContributions>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>7</ContributorNumber>
        <ContributorNameIndividual>RONALD R S PICERNE</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>6737 NORTH 60TH STREET</AddressLine1>
          <City>PARADISE VALLEY</City>
          <State>AZ</State>
          <ZIPCode>85253</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>103168</AggregateContributions>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>8</ContributorNumber>
        <ContributorNameIndividual>RONALD R S PICERNE</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>6737 NORTH 60TH STREET</AddressLine1>
          <City>PARADISE VALLEY</City>
          <State>AZ</State>
          <ZIPCode>85253</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>105024</AggregateContributions>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <ContributorInfo>
        <ContributorNumber>9</ContributorNumber>
        <ContributorNameIndividual>RONALD R S PICERNE</ContributorNameIndividual>
        <ContributorAddressUS>
          <AddressLine1>6737 NORTH 60TH STREET</AddressLine1>
          <City>PARADISE VALLEY</City>
          <State>AZ</State>
          <ZIPCode>85253</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>210600</AggregateContributions>
        <NoncashContributionType>X</NoncashContributionType>
      </ContributorInfo>
      <NoncashProperty>
        <ContributorNumberFromPartI>1</ContributorNumberFromPartI>
        <NoncashPropertyDescription>3200 SHS AT&amp;T INC</NoncashPropertyDescription>
        <FairMarketValue>109952</FairMarketValue>
        <DateReceived>2012-11-23</DateReceived>
      </NoncashProperty>
      <NoncashProperty>
        <ContributorNumberFromPartI>2</ContributorNumberFromPartI>
        <NoncashPropertyDescription>1200 SHS CATERPILLAR INC</NoncashPropertyDescription>
        <FairMarketValue>100992</FairMarketValue>
        <DateReceived>2012-11-23</DateReceived>
      </NoncashProperty>
      <NoncashProperty>
        <ContributorNumberFromPartI>3</ContributorNumberFromPartI>
        <NoncashPropertyDescription>5000 SHS GENERAL ELECTRIC CO</NoncashPropertyDescription>
        <FairMarketValue>105200</FairMarketValue>
        <DateReceived>2012-11-23</DateReceived>
      </NoncashProperty>
      <NoncashProperty>
        <ContributorNumberFromPartI>4</ContributorNumberFromPartI>
        <NoncashPropertyDescription>1500 SHS JOHNSON &amp; JOHNSON</NoncashPropertyDescription>
        <FairMarketValue>104340</FairMarketValue>
        <DateReceived>2012-11-23</DateReceived>
      </NoncashProperty>
      <NoncashProperty>
        <ContributorNumberFromPartI>5</ContributorNumberFromPartI>
        <NoncashPropertyDescription>2700 SHS JPMORGAN CHASE &amp; CO</NoncashPropertyDescription>
        <FairMarketValue>110943</FairMarketValue>
        <DateReceived>2012-11-23</DateReceived>
      </NoncashProperty>
      <NoncashProperty>
        <ContributorNumberFromPartI>6</ContributorNumberFromPartI>
        <NoncashPropertyDescription>1500 SHS PROCTER &amp; GAMBLE</NoncashPropertyDescription>
        <FairMarketValue>104385</FairMarketValue>
        <DateReceived>2012-11-23</DateReceived>
      </NoncashProperty>
      <NoncashProperty>
        <ContributorNumberFromPartI>7</ContributorNumberFromPartI>
        <NoncashPropertyDescription>1600 SHS TARGET CORPORATION</NoncashPropertyDescription>
        <FairMarketValue>103168</FairMarketValue>
        <DateReceived>2012-11-23</DateReceived>
      </NoncashProperty>
      <NoncashProperty>
        <ContributorNumberFromPartI>8</ContributorNumberFromPartI>
        <NoncashPropertyDescription>2400 SHS VERIZON COMMUNICATIONS</NoncashPropertyDescription>
        <FairMarketValue>105024</FairMarketValue>
        <DateReceived>2012-11-23</DateReceived>
      </NoncashProperty>
      <NoncashProperty>
        <ContributorNumberFromPartI>9</ContributorNumberFromPartI>
        <NoncashPropertyDescription>3000 SHS WALMART STORES INC</NoncashPropertyDescription>
        <FairMarketValue>210600</FairMarketValue>
        <DateReceived>2012-11-23</DateReceived>
      </NoncashProperty>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc2002200001">
      <AccountingFees>
        <Category>TAX PREPARATION FEES</Category>
        <Amount>64</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </AccountingFees>
    </AccountingFeesSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc2018900001">
      <InvestmentsCorpStock>
        <NameOfStock>MARKETABLE SECURITIES</NameOfStock>
        <EOYBookValue>1657968</EOYBookValue>
        <EOYFMV>2594111</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>BANK CHARGES</Description>
        <RevenueAndExpensesPerBooks>56</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc2002500001">
      <Taxes>
        <Category>IRS</Category>
        <Amount>260</Amount>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>