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        <State>PA</State>
        <ZIPCode>190478104</ZIPCode>
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      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>48587</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>54152</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>24275</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>51147</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>35640</CurrentTaxYear>
        <Total>213801</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>48587</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>54152</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>24275</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>51147</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>35640</CurrentTaxYear>
        <Total>213801</Total>
      </Total170>
      <PublicSupportTotal170>213801</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>97124</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>63250</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>68320</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>67129</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>89121</CurrentTaxYear>
        <Total>384944</Total>
      </GrossInvestmentIncome170>
      <TotalSupport>598745</TotalSupport>
      <PublicSupportPertcentage170>0.35710</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.31310</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
      <PublicSupportTotal509>0</PublicSupportTotal509>
      <PublicSupportPercentage509>0</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0</InvestmentIncomePercentage>
      <FactsAndCircumstancesTest>PT II LINE 17A: THE ORGANIZATION MAINTAINS A CONTINUOUS AND BONA FIDE; PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL; PUBLIC AND THE PENNSBURY COMMUNITY. THE ORGANIZATION; HAS A BOARD OF DIRECTORS WHICH REPRESENTS THE BROAD; INTERESTS OF THE PUBLIC. THE ORGANIZATION PROVIDES; SCHOLARSHIPS AND LOANS DIRECTLY FOR THE BENEFIT OF; GRADUATES OF PENNSBURY ON AN ANNUAL BASIS.;</FactsAndCircumstancesTest>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="00000003">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="00000004" softwareId="12000225">
      <CurrentYear>
        <BeginningOfYearBalance>408253</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>48964</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>14469</GrantsOrScholarships>
        <AdministrativeExpenses>6555</AdministrativeExpenses>
        <EndOfYearBalance>436193</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>432832</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>-3268</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>15475</GrantsOrScholarships>
        <AdministrativeExpenses>5836</AdministrativeExpenses>
        <EndOfYearBalance>408253</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>399098</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>53162</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>16227</GrantsOrScholarships>
        <AdministrativeExpenses>3201</AdministrativeExpenses>
        <EndOfYearBalance>432832</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <CurrentYearMinus3Years>
        <BeginningOfYearBalance>328714</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>92888</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>17537</GrantsOrScholarships>
        <AdministrativeExpenses>4967</AdministrativeExpenses>
        <EndOfYearBalance>399098</EndOfYearBalance>
      </CurrentYearMinus3Years>
      <CurrentYearMinus4Years>
        <BeginningOfYearBalance>489234</BeginningOfYearBalance>
        <InvestmentEarningsOrLosses>-132945</InvestmentEarningsOrLosses>
        <GrantsOrScholarships>21959</GrantsOrScholarships>
        <AdministrativeExpenses>5616</AdministrativeExpenses>
        <EndOfYearBalance>328714</EndOfYearBalance>
      </CurrentYearMinus4Years>
      <EndowmentsHeldByUnrelatedOrgs>true</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <OtherAssets>
        <Description>Accrued Interest Receivable</Description>
        <BookValue>6269</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Beneficial Interest in Perpetual Trust</Description>
        <BookValue>436193</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>442462</TotalBookValueOtherAssets>
      <Form990ScheduleDPartXIII>
        <Identifier>Pt V Line 4</Identifier>
        <Explanation>The foundation receives income from a trust held by</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Explanation>AN UNRELATED ORGANIZATION. DISTRIBUTIONS FROM THE TRUST ARE REPORTED AS TRUST FUND INCOME WHEN RECEIVED.</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleI documentId="00000005" softwareId="12000225">
      <RecordsMaintained>true</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Grants, none exceeding $5,000</TypeOfGrant>
        <NumberOfRecipients>57</NumberOfRecipients>
        <AmountOfCashGrant>50000</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Loans, none exceeding $5,000</TypeOfGrant>
        <NumberOfRecipients>57</NumberOfRecipients>
        <AmountOfCashGrant>50000</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>All scholarships are based equally on four criteria: need, academic achievement,</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>leadership and character. Additionally, all scholarships</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>are awarded as one-half grant and one-half zero-interest loan,</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>repayable starting 6 months after the student completes post-secondary</Explanation>
      </Form990ScheduleIPartIV>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>education.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="00000006">
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>DUNAR DONNA</NamePerson>
        <CompBasedOnRelatedOrgs>140000</CompBasedOnRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>36301</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>176301</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>MCHUGH KEVIN</NamePerson>
        <CompBasedOnRelatedOrgs>180000</CompBasedOnRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>56757</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationRelatedOrgs>236757</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="00000007" softwareId="12000225">
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>Each director, principal officer and member of a committee with governing</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>board delegated powers shall annually sign a statement which</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>affirms such person, has received a copy of policy, read and</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>understands the policy, and agrees to comply with policy.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 7a</Identifier>
        <Explanation>Certain Board members related to the Pennsbury School</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>District are automatically appointed to the Foundation</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>Board as enumerated in the Foundation's By-Laws.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11b</Identifier>
        <Explanation>The final Form 990 is provided to the Board after filing.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 8b</Identifier>
        <Explanation>Some committees do not keep minutes of their actions</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>but all committees must have any of their recommend-</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>ations approved by the Board of Directors.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 24</Identifier>
        <Explanation>ACCRUED INTEREST RECEIVABLE STUDENT LOANS FIXED ASSETS, NET BENEFICIAL INTEREST IN PERPETUAL TRUST</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 26</Identifier>
        <Explanation>ACCRUED EXPENSES</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="00000008" softwareId="12000225">
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>PENNSBURY SCHOOL DISTRICT</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>BOX 338 - 134 YARDLEY AVENUE</AddressLine1>
          <City>FALLSINGTON</City>
          <State>PA</State>
          <ZIPCode>19058</ZIPCode>
        </AddressUS>
        <EIN>236004087</EIN>
        <PrimaryActivities>EDUCATION</PrimaryActivities>
        <LegalDomicileState>PA</LegalDomicileState>
      </Form990ScheduleRPartII>
      <ReceiptOfIntAnnRentsRoyalties>false</ReceiptOfIntAnnRentsRoyalties>
      <GiftGrantOrCapContrToOtherOrg>false</GiftGrantOrCapContrToOtherOrg>
      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <DividendsRelatedOrganization>false</DividendsRelatedOrganization>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>true</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>true</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>