﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xsi:schemaLocation="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-11-13T10:39:26-06:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>Berdon LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>360 Madison Ave</AddressLine1>
        <City>New York</City>
        <State>NY</State>
        <ZIPCode>10017</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>352354358</EIN>
      <Name>
        <BusinessNameLine1>VICTOR ELMALEH FOUNDATION</BusinessNameLine1>
        <BusinessNameLine2>C/O Worldwide Holding Corp</BusinessNameLine2>
      </Name>
      <InCareOfName>% WORLD WIDE GROUP</InCareOfName>
      <NameControl>VICT</NameControl>
      <Phone>2124862000</Phone>
      <USAddress>
        <AddressLine1>950 Third Avenue 18TH FLOOR</AddressLine1>
        <AddressLine2>Suite</AddressLine2>
        <City>New York</City>
        <State>NY</State>
        <ZIPCode>10022</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>VICTOR ELMALEH</Name>
      <Title>OFFICER</Title>
      <Phone>2124362000</Phone>
      <DateSigned>2013-11-15</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>MAURY GOLBERT</Name>
      <Phone>2128320400</Phone>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990PF documentId="IRS990PF">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>650892</FMVAssetsEOY>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AnalysisOfRevenueAndExpenses>
        <ContriReceivedRevAndExpnss>0</ContriReceivedRevAndExpnss>
        <DividendsRevAndExpnss>22273</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>22273</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>59355</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>689129</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>59355</CapitalGainNetIncmNetInvstIncm>
        <TotalRevenueAndExpenses>81628</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>81628</TotalNetInvestmentIncome>
        <TaxesRevAndExpnss referenceDocumentId="TaxesSchedule">273</TaxesRevAndExpnss>
        <OtherExpensesRevAndExpnss referenceDocumentId="OtherExpensesSch">64</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>64</OtherExpensesNetInvstIncm>
        <TotOprExpensesRevAndExpnss>337</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>64</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>0</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>233896</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>233896</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>234233</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>64</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>233896</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-152605</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>81564</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <CashBOY>416713</CashBOY>
        <CashEOY>42551</CashEOY>
        <CashEOYFMV>42551</CashEOYFMV>
        <SavingsAndTempCashInvstBOY>213793</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>358403</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>358403</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpStockBOY>239282</InvestmentsCorpStockBOY>
        <InvestmentsCorpStockEOY referenceDocumentId="InvestCorpStockSch">316229</InvestmentsCorpStockEOY>
        <InvestmentsCorpStockEOYFMV>249938</InvestmentsCorpStockEOYFMV>
        <TotalAssetsBOY>869788</TotalAssetsBOY>
        <TotalAssetsEOY>717183</TotalAssetsEOY>
        <TotalAssetsEOYFMV>650892</TotalAssetsEOYFMV>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <RetainedEarningsBOY>869788</RetainedEarningsBOY>
        <RetainedEarningsEOY>717183</RetainedEarningsEOY>
        <TotalNetAssetsBOY>869788</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>717183</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>869788</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>717183</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>869788</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-152605</ExcessOfRevenueOverExpenses>
        <Subtotal>717183</Subtotal>
        <TotalNetAssetsFundBalancesEOY>717183</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>500 SHS CORNING INC GLW</DescriptionOfAsset>
          <DateAcquired>2012-01-12</DateAcquired>
          <DateSold>2012-08-17</DateSold>
          <GrossSalesPrice>5923</GrossSalesPrice>
          <CostOrOtherBasis>7021</CostOrOtherBasis>
          <GainOrLoss>-1098</GainOrLoss>
          <GainsMinusExcessOrLosses>-1098</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,500 SHS ELECTRONIC ARTS INC</DescriptionOfAsset>
          <DateAcquired>2012-02-08</DateAcquired>
          <DateSold>2012-08-21</DateSold>
          <GrossSalesPrice>20510</GrossSalesPrice>
          <CostOrOtherBasis>27969</CostOrOtherBasis>
          <GainOrLoss>-7459</GainOrLoss>
          <GainsMinusExcessOrLosses>-7459</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>2,000 SHS PFIZER INC PFE</DescriptionOfAsset>
          <DateAcquired>2012-03-12</DateAcquired>
          <DateSold>2012-07-18</DateSold>
          <GrossSalesPrice>47175</GrossSalesPrice>
          <CostOrOtherBasis>43087</CostOrOtherBasis>
          <GainOrLoss>4088</GainOrLoss>
          <GainsMinusExcessOrLosses>4088</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>2,000 SHS PIMCO CORP INC PCF</DescriptionOfAsset>
          <DateAcquired>2012-02-16</DateAcquired>
          <DateSold>2012-10-31</DateSold>
          <GrossSalesPrice>36472</GrossSalesPrice>
          <CostOrOtherBasis>33381</CostOrOtherBasis>
          <GainOrLoss>3091</GainOrLoss>
          <GainsMinusExcessOrLosses>3091</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,700 SHS SABINE ROYALTY TRUST</DescriptionOfAsset>
          <DateAcquired>2012-02-07</DateAcquired>
          <DateSold>2012-08-21</DateSold>
          <GrossSalesPrice>92415</GrossSalesPrice>
          <CostOrOtherBasis>104779</CostOrOtherBasis>
          <GainOrLoss>-12364</GainOrLoss>
          <GainsMinusExcessOrLosses>-12364</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,000 SHS STRATASYS INC SSYS</DescriptionOfAsset>
          <DateAcquired>2012-10-03</DateAcquired>
          <DateSold>2012-10-31</DateSold>
          <GrossSalesPrice>66984</GrossSalesPrice>
          <CostOrOtherBasis>60099</CostOrOtherBasis>
          <GainOrLoss>6885</GainOrLoss>
          <GainsMinusExcessOrLosses>6885</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>2,500 SHS TAKE TWO INTERACTV</DescriptionOfAsset>
          <DateAcquired>2012-08-07</DateAcquired>
          <DateSold>2012-10-16</DateSold>
          <GrossSalesPrice>28893</GrossSalesPrice>
          <CostOrOtherBasis>21959</CostOrOtherBasis>
          <GainOrLoss>6934</GainOrLoss>
          <GainsMinusExcessOrLosses>6934</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,000 SHS TELEFONICA S A SPON</DescriptionOfAsset>
          <DateAcquired>2012-03-21</DateAcquired>
          <DateSold>2012-07-08</DateSold>
          <GrossSalesPrice>12123</GrossSalesPrice>
          <CostOrOtherBasis>17097</CostOrOtherBasis>
          <GainOrLoss>-4974</GainOrLoss>
          <GainsMinusExcessOrLosses>-4974</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>2,500 SHS 3D SYSTEMS CORP DD</DescriptionOfAsset>
          <DateAcquired>2012-02-08</DateAcquired>
          <DateSold>2012-04-17</DateSold>
          <GrossSalesPrice>69290</GrossSalesPrice>
          <CostOrOtherBasis>52028</CostOrOtherBasis>
          <GainOrLoss>17262</GainOrLoss>
          <GainsMinusExcessOrLosses>17262</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,500 SHS 3D SYSTEMS CORP DD</DescriptionOfAsset>
          <DateAcquired>2012-10-03</DateAcquired>
          <DateSold>2012-10-31</DateSold>
          <GrossSalesPrice>65333</GrossSalesPrice>
          <CostOrOtherBasis>53620</CostOrOtherBasis>
          <GainOrLoss>11713</GainOrLoss>
          <GainsMinusExcessOrLosses>11713</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>125 SHS GOOGLE INC CLASS A</DescriptionOfAsset>
          <DateAcquired>2010-10-15</DateAcquired>
          <DateSold>2012-02-21</DateSold>
          <GrossSalesPrice>76491</GrossSalesPrice>
          <CostOrOtherBasis>74896</CostOrOtherBasis>
          <GainOrLoss>1595</GainOrLoss>
          <GainsMinusExcessOrLosses>1595</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>2,300 SHS VERIZON COMMUNICATIO</DescriptionOfAsset>
          <DateAcquired>2011-04-04</DateAcquired>
          <DateSold>2012-08-21</DateSold>
          <GrossSalesPrice>99008</GrossSalesPrice>
          <CostOrOtherBasis>88925</CostOrOtherBasis>
          <GainOrLoss>10083</GainOrLoss>
          <GainsMinusExcessOrLosses>10083</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>1,200 SHS STRATASYS INC SSYS</DescriptionOfAsset>
          <DateAcquired>2012-02-08</DateAcquired>
          <DateSold>2012-07-18</DateSold>
          <GrossSalesPrice>68512</GrossSalesPrice>
          <CostOrOtherBasis>44913</CostOrOtherBasis>
          <GainOrLoss>23599</GainOrLoss>
          <GainsMinusExcessOrLosses>23599</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>59355</CapitalGainNetIncome>
        <NetShortTermCapitalGainOrLoss>47677</NetShortTermCapitalGainOrLoss>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>false</LiableFor4942Tax>
        <QualifyingDistributionsYear1>27948</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>454365</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.06151</DistributionRatioYear1>
        <QualifyingDistributionsYear2>5749</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>254469</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.022592</DistributionRatioYear2>
        <QualifyingDistributionsYear3>0</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>71705</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.0</DistributionRatioYear3>
        <QualifyingDistributionsYear4>0</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>0</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.0</DistributionRatioYear4>
        <TotalDistributionRatio>0.084102</TotalDistributionRatio>
        <AverageDistributionRatio>0.021026</AverageDistributionRatio>
        <NetNoncharitableAssets>792419</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>16661</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>816</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>17477</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>233896</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <DomesticOrgMeetingSect4940e>X</DomesticOrgMeetingSect4940e>
        <InvestmentIncomeExciseTax>816</InvestmentIncomeExciseTax>
        <Subtotal>816</Subtotal>
        <TaxBasedOnInvestmentIncome>816</TaxBasedOnInvestmentIncome>
        <TaxPaidWithExtension>3000</TaxPaidWithExtension>
        <TotalCreditsAndPayments>3000</TotalCreditsAndPayments>
        <Overpayment>2184</Overpayment>
        <AmountCreditedToNextYear>2184</AmountCreditedToNextYear>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>false</LegislativePoliticalActivities>
        <MoreThan100Spent>false</MoreThan100Spent>
        <Form1120POLFiled>false</Form1120POLFiled>
        <ActivitiesNotPrevReported>false</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>false</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>false</UnrelatedBusIncomeOver1000>
        <TerminationEtc>false</TerminationEtc>
        <RequirementsOfSect508e>false</RequirementsOfSect508e>
        <AtLeast5000InAssets>true</AtLeast5000InAssets>
        <StatesFiledWith>DE</StatesFiledWith>
        <Form990PFFiledWithAG>0</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>false</PrivateOperatingFoundation>
        <NewSubstantialContributors>false</NewSubstantialContributors>
        <InterestInControlledEntity>false</InterestInControlledEntity>
        <ApplicableInsuranceContract>false</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>false</ComplyWithPublicInspectionRqr>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>WORLD WIDE GROUP</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>2124862000</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>950 THIRD AVENUE 18TH FLOOR</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10022</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>
        <RcvFundsToPayPrsnlBnftContract>false</RcvFundsToPayPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>false</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>VICTOR ELMALEH</PersonName>
          <USAddress>
            <AddressLine1>860 UNITED NATIONS PLAZA</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10017</ZIPCode>
          </USAddress>
          <Title>PRESIDENT</Title>
          <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>NIKO ELMALEH</PersonName>
          <USAddress>
            <AddressLine1>150 COLUMBUS AVENUE</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10023</ZIPCode>
          </USAddress>
          <Title>VICE PRESIDENT</Title>
          <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>MARK SAYERS</PersonName>
          <USAddress>
            <AddressLine1>265 EAST 66TH STREET</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10065</ZIPCode>
          </USAddress>
          <Title>TREASURER</Title>
          <AvgHoursPerWkDevotedToPosition>0</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
        </OfcrDirTrusteesOrKeyEmployee>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SummaryOfDirectCharitableActy />
      <SumOfProgramRelatedInvestments />
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>415655</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>388831</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>804486</TotalFMVOfUnusedAssets>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>804486</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>12067</CashDeemedCharitable>
        <NetNoncharitableAssets>792419</NetNoncharitableAssets>
        <MinimumInvestmentReturn>39621</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>39621</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>816</TaxBasedOnInvestmentIncome>
        <TotalTax>816</TotalTax>
        <DistributableAmountBeforeAdj>38805</DistributableAmountBeforeAdj>
        <DistributableAmountBeforeDed>38805</DistributableAmountBeforeDed>
        <DistributableAmountAsAdjusted>38805</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>233896</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <AmountsPaidAcqCharitableAssets>0</AmountsPaidAcqCharitableAssets>
        <AmountsSetAsideSuitabilityTest>0</AmountsSetAsideSuitabilityTest>
        <AmountsSetAsideCashDistriTest>0</AmountsSetAsideCashDistriTest>
        <QualifyingDistributions>233896</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>816</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>233080</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>38805</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>4707</UndistributedIncomePriorYear>
        <PriorYear1>2010</PriorYear1>
        <PriorYear2>2009</PriorYear2>
        <PriorYear3>2008</PriorYear3>
        <ExcessDistriCarryoverYear1>0</ExcessDistriCarryoverYear1>
        <TotalExcessDistriCarryover>0</TotalExcessDistriCarryover>
        <QualifyingDistributions>233896</QualifyingDistributions>
        <AppliedToYear1>4707</AppliedToYear1>
        <AppliedToCurrentYear>38805</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>190384</RemainingDistriFromCorpus>
        <TotalCorpus>190384</TotalCorpus>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <ExcessDistriCyovToNextYear>190384</ExcessDistriCyovToNextYear>
        <ExcessFromYear1>0</ExcessFromYear1>
        <ExcessFromCurrentYear>190384</ExcessFromCurrentYear>
      </UndistributedIncome>
      <PrivateOperatingFoundations />
      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Dance Theatre of Harlem</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>Everett Center for Performing Arts</AddressLine1>
            <AddressLine2>466 W 152 Street</AddressLine2>
            <City>New York</City>
            <State>NY</State>
            <ZIPCode>10031</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>none</RecipientRelationship>
          <RecipientFoundationStatus>tax-exempt</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general purpose</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Foundation for the Prevention &amp; Treatment of Eye</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>270 Madison Avenue Room 1500</AddressLine1>
            <City>New York</City>
            <State>NY</State>
            <ZIPCode>10016</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>none</RecipientRelationship>
          <RecipientFoundationStatus>tax-exempt</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>GENERAL PURPOSE</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>American Civil Liberties Union</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>125 Broad Street 18th Floor</AddressLine1>
            <City>New York</City>
            <State>NY</State>
            <ZIPCode>10004</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>none</RecipientRelationship>
          <RecipientFoundationStatus>tax-exempt</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general purpose</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Amnesty International</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5 Penn Plaza</AddressLine1>
            <City>New York</City>
            <State>NY</State>
            <ZIPCode>10001</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>none</RecipientRelationship>
          <RecipientFoundationStatus>tax-exempt</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general purpose</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Rockette Alumnae Foundation</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>27 Gatto Lane</AddressLine1>
            <City>Pearl River</City>
            <State>NY</State>
            <ZIPCode>10965</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>none</RecipientRelationship>
          <RecipientFoundationStatus>tax-exempt</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general purpose</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Jewish Response Disaster Corps</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO Box 4124</AddressLine1>
            <City>New York</City>
            <State>NY</State>
            <ZIPCode>10163</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>none</RecipientRelationship>
          <RecipientFoundationStatus>tax-exempt</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general purpose</PurposeOfGrantOrContribution>
          <Amount>5000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>Mood Disorders Support Group</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>545 8th Ave</AddressLine1>
            <City>New York</City>
            <State>NY</State>
            <ZIPCode>10018</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>none</RecipientRelationship>
          <RecipientFoundationStatus>tax-exempt</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general purpose</PurposeOfGrantOrContribution>
          <Amount>500</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THIRTEEN WNET</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>825 Eighth Avenue</AddressLine1>
            <City>New York</City>
            <State>NY</State>
            <ZIPCode>10019</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>none</RecipientRelationship>
          <RecipientFoundationStatus>tax-exempt</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general purpose</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>HEBREW INSTITUTE OF RIVERDALE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>3700 Henry Hudson Pkwy</AddressLine1>
            <City>BRONX</City>
            <State>NY</State>
            <ZIPCode>10463</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>none</RecipientRelationship>
          <RecipientFoundationStatus>tax-exempt</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general purpose</PurposeOfGrantOrContribution>
          <Amount>10000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CSC CORP</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>1 Rockefeller Plaza</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10020</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>none</RecipientRelationship>
          <RecipientFoundationStatus>tax-exempt</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general purpose</PurposeOfGrantOrContribution>
          <Amount>371</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>THE HISPANIC INSTITUTE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>906 Pennsylvania Ave SE</AddressLine1>
            <City>WASHINGTON</City>
            <State>DC</State>
            <ZIPCode>20003</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>none</RecipientRelationship>
          <RecipientFoundationStatus>tax-exempt</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general purpose</PurposeOfGrantOrContribution>
          <Amount>200000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>INLAND PACIFIC BALLET</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5050 E Arrow Hwy</AddressLine1>
            <City>MONTCLAIR</City>
            <State>CA</State>
            <ZIPCode>91763</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>none</RecipientRelationship>
          <RecipientFoundationStatus>tax-exempt</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general purpose</PurposeOfGrantOrContribution>
          <Amount>1000</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>FOUNDATION FOR JEWISH CULTURE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO Box 489</AddressLine1>
            <City>NEW YORK</City>
            <State>NY</State>
            <ZIPCode>10113</ZIPCode>
          </RecipientUSAddress>
          <RecipientRelationship>none</RecipientRelationship>
          <RecipientFoundationStatus>tax-exempt</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>general purpose</PurposeOfGrantOrContribution>
          <Amount>2525</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>233896</TotGrantOrContriPaidDuringYear>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <FeesContractsFromGovtAgencies />
        <MembershipDuesAndAssessments />
        <IntOnSavingsAndTempCashInvst />
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>22273</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <NetRentalIncmReDebtFincdProp />
        <NetRntlIncmReNotDebtFincdProp />
        <NetRentalIncmPersonalProperty />
        <OtherInvestmentIncomePartVII />
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>59355</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <NetIncomeLossFromSpecialEvents />
        <GrossProfitLossSalesOfInvntry />
        <SubtotalsPartXVIA>
          <ExclusionAmount>81628</ExclusionAmount>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>81628</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>
    <DepreciationSchedule documentId="DepreciationSch" />
    <InvestmentsCorpStockSchedule documentId="InvestCorpStockSch">
      <InvestmentsCorpStock>
        <NameOfStock>125 SHS GOOGLE INC</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>4000 SHS PIMCO CORP</NameOfStock>
        <EOYBookValue>75461</EOYBookValue>
        <EOYFMV>77640</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2300 SHS VERIZON COMMUNICATION</NameOfStock>
        <EOYBookValue>0</EOYBookValue>
        <EOYFMV>0</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>3000 SHS CORNING INC</NameOfStock>
        <EOYBookValue>39602</EOYBookValue>
        <EOYFMV>37860</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>25000 SHS LIQUIDMETAL TECHS IN</NameOfStock>
        <EOYBookValue>7759</EOYBookValue>
        <EOYFMV>2498</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>10000 SHS NOKIA CORP SPON ADR</NameOfStock>
        <EOYBookValue>50709</EOYBookValue>
        <EOYFMV>39500</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>2000 SHS UNIVERSAL DISPLAY COR</NameOfStock>
        <EOYBookValue>74853</EOYBookValue>
        <EOYFMV>51240</EOYFMV>
      </InvestmentsCorpStock>
      <InvestmentsCorpStock>
        <NameOfStock>5000 SHS ZIPCAR INC</NameOfStock>
        <EOYBookValue>67845</EOYBookValue>
        <EOYFMV>41200</EOYFMV>
      </InvestmentsCorpStock>
    </InvestmentsCorpStockSchedule>
    <LandEtcSchedule2 documentId="LandEtcSch2" />
    <OtherExpensesSchedule documentId="OtherExpensesSch">
      <OtherExpenses>
        <Description>OTHER MISCELLANEOUS EXPENSES</Description>
        <RevenueAndExpensesPerBooks>64</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>64</NetInvestmentIncome>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="TaxesSchedule">
      <Taxes>
        <Category>TAX EXPENSE</Category>
        <Amount>273</Amount>
      </Taxes>
    </TaxesSchedule>
  </ReturnData>
</Return>