﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2011v1.2" xsi:schemaLocation="http://www.irs.gov/efile">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-11-12T07:29:38-08:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>HENDERSHOT BURKHARDT &amp; REED CPAS</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>7525 PRESIDENTIAL LANE</AddressLine1>
        <City>MANASSAS</City>
        <State>VA</State>
        <ZIPCode>20109</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>522363626</EIN>
      <Name>
        <BusinessNameLine1>INTERNATIONAL POLICY NETWORK US INC</BusinessNameLine1>
      </Name>
      <NameControl>INTE</NameControl>
      <Phone>2124959599</Phone>
      <USAddress>
        <AddressLine1>410 CONSTITUTION AVE NE</AddressLine1>
        <City>WASHINGTON</City>
        <State>DC</State>
        <ZIPCode>20002</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>JULIAN MORRIS</Name>
      <Title>JULIAN MORRIS</Title>
      <Phone>2124959599</Phone>
      <DateSigned>2012-11-12</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>DAVID C BURKHARDT CPA</Name>
      <Phone>7033611592</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="8">
    <IRS990 documentId="00000001" referenceDocumentName="IRS990ScheduleO ReasonableCauseExplanation" softwareId="11000175">
      <AddressChange>X</AddressChange>
      <NameOfPrincipalOfficerPerson>JULIAN MORRIS</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>50 KUNTZ AVE</AddressLine1>
        <City>BERKELEY HEIGHTS</City>
        <State>NJ</State>
        <ZIPCode>07922</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>534730</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>N/A</WebSite>
      <TypeOfOrganizationTrust>X</TypeOfOrganizationTrust>
      <YearFormation>2002</YearFormation>
      <StateLegalDomicile>DC</StateLegalDomicile>
      <ActivityOrMissionDescription>PUBLIC POLICY EDUCATION</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>6</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>6</NbrIndependentVotingMembers>
      <TotalNbrEmployees>0</TotalNbrEmployees>
      <TotalNbrVolunteers>0</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsPriorYear>1203979</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>454730</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>59530</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>80000</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>-4279</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>-3910</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>948</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>0</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>1260178</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>530820</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>300404</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>393855</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>671575</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>0</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>1743</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>260677</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>390312</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>1232656</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>784167</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>27522</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>-253347</RevenuesLessExpensesCY>
      <TotalAssetsBOY>408585</TotalAssetsBOY>
      <TotalAssetsEOY>83009</TotalAssetsEOY>
      <TotalLiabilitiesBOY>81633</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>9404</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>326952</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>73605</NetAssetsOrFundBalancesEOY>
      <MissionDescription>PUBLIC POLICY EDUCATION</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>778671</Expense>
      <Grants>393855</Grants>
      <Revenue>80000</Revenue>
      <Description>INTERNATIONAL POLICY NETWORK IS ORGANIZED TO ENCOURAGE THE SHARING OF IDEAS BY INTELLECTUALS AND OTHERS INTERESTED IN PUBLIC POLICY ISSUES, ESPECIALLY THOSE ISSUES HAVING INTERNATIONAL IMPLICATIONS.</Description>
      <TotalProgramServiceExpense>778671</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="00000002" referenceDocumentName="IRS990ScheduleA">true</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="00000003" referenceDocumentName="IRS990ScheduleB">true</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds>false</DonorAdvisedFunds>
      <ConservationEasements>false</ConservationEasements>
      <CollectionsOfArt>false</CollectionsOfArt>
      <CreditCounseling>false</CreditCounseling>
      <TermOrPermanentEndowments>false</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="00000004" referenceDocumentName="IRS990ScheduleD">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities>false</ReportInvestOthSecurities>
      <ReportProgRelInvest>false</ReportProgRelInvest>
      <ReportOtherAssets>false</ReportOtherAssets>
      <ReportOtherLiabilities>false</ReportOtherLiabilities>
      <ReportFin48Footnote>false</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="00000004" referenceDocumentName="IRS990ScheduleD">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="00000004" referenceDocumentName="IRS990ScheduleD">true</ConsolidatedAuditFinancialStmt>
      <School>false</School>
      <ForeignOffice>true</ForeignOffice>
      <ForeignActivities referenceDocumentId="00000005" referenceDocumentName="IRS990ScheduleF">true</ForeignActivities>
      <MoreThan5000KToOrganizations referenceDocumentId="00000005" referenceDocumentName="IRS990ScheduleF">true</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations referenceDocumentId="00000006" referenceDocumentName="IRS990ScheduleI">true</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="00000006" referenceDocumentName="IRS990ScheduleI">true</GrantsToIndividuals>
      <ScheduleJRequired>false</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp referenceDocumentId="00000007" referenceDocumentName="IRS990ScheduleL">true</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionRelatedEntity>false</TransactionRelatedEntity>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>12</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>true</ComplianceWithBackupWitholding>
      <NumberOfEmployees>0</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>true</ForeignFinancialAccount>
      <NameOfForeignCountry>UK</NameOfForeignCountry>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>false</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
      <TaxableDistributions>false</TaxableDistributions>
      <DistributionToDonor>false</DistributionToDonor>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>6</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>6</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>true</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>THE CORPORATION</NamePerson>
        <TelephoneNumber>2124959599</TelephoneNumber>
        <AddressUS>
          <AddressLine1>410 CONSTITUTION AVE NE</AddressLine1>
          <City>WASHINGTON</City>
          <State>DC</State>
          <ZIPCode>20002</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <NoListedPersonsCompensated>X</NoListedPersonsCompensated>
      <Form990PartVIISectionA>
        <NamePerson>JULIAN MORRIS</NamePerson>
        <Title>PRESIDENT</Title>
        <AverageHoursPerWeek>5.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>BRIDGETT WAGNER</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>GEORGE OHRSTROM</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>AMITY SHALES</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DAN OLIVER</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHRISTOPHER WHITTEN</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>false</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <AllOtherContributions>454730</AllOtherContributions>
      <TotalContributions>454730</TotalContributions>
      <ProgramServiceRevenue>
        <Description>SPONSORSHIP INCOME</Description>
        <BusinessCode>900099</BusinessCode>
        <TotalRevenueColumn>80000</TotalRevenueColumn>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>80000</TotalProgramServiceRevenue>
      <LessCostOthBasisSalesExpenses>
        <Other>3910</Other>
      </LessCostOthBasisSalesExpenses>
      <GainOrLoss>
        <Other>-3910</Other>
      </GainOrLoss>
      <NetGainOrLossInvestments>
        <TotalRevenueColumn>-3910</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>-3910</RelatedOrExemptFunctionIncome>
      </NetGainOrLossInvestments>
      <TotalRevenue>
        <TotalRevenueColumn>530820</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>76090</RelatedOrExemptFunctionIncome>
      </TotalRevenue>
      <GrantsToDomesticOrgs>
        <Total>164685</Total>
        <ProgramServices>164685</ProgramServices>
      </GrantsToDomesticOrgs>
      <ForeignGrants>
        <Total>229170</Total>
        <ProgramServices>229170</ProgramServices>
      </ForeignGrants>
      <OtherSalariesAndWages>
        <Total>0</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherSalariesAndWages>
      <OfficeExpenses>
        <Total>15783</Total>
        <ProgramServices>13889</ProgramServices>
        <ManagementAndGeneral>1578</ManagementAndGeneral>
        <Fundraising>316</Fundraising>
      </OfficeExpenses>
      <InformationTechnology>
        <Total>1719</Total>
        <ProgramServices>1597</ProgramServices>
        <ManagementAndGeneral>102</ManagementAndGeneral>
        <Fundraising>20</Fundraising>
      </InformationTechnology>
      <Travel>
        <Total>21271</Total>
        <ProgramServices>20370</ProgramServices>
        <ManagementAndGeneral>751</ManagementAndGeneral>
        <Fundraising>150</Fundraising>
      </Travel>
      <ConferencesMeetings>
        <Total>265871</Total>
        <ProgramServices>265871</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </ConferencesMeetings>
      <DepreciationDepletion>
        <Total>13217</Total>
        <ProgramServices>11631</ProgramServices>
        <ManagementAndGeneral>1322</ManagementAndGeneral>
        <Fundraising>264</Fundraising>
      </DepreciationDepletion>
      <OtherExpenses>
        <Description>CLIMATE CHANGE</Description>
        <Total>15612</Total>
        <ProgramServices>15612</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>WRITING AND RESEARCH</Description>
        <Total>37972</Total>
        <ProgramServices>37972</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS</Description>
        <Total>993</Total>
        <ProgramServices>0</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>993</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>DESIGN,PRINTING,WEB</Description>
        <Total>17874</Total>
        <ProgramServices>17874</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>784167</Total>
        <ProgramServices>778671</ProgramServices>
        <ManagementAndGeneral>3753</ManagementAndGeneral>
        <Fundraising>1743</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>323232</BOY>
        <EOY>81744</EOY>
      </CashNonInterestBearing>
      <AccountsReceivable>
        <BOY>69875</BOY>
      </AccountsReceivable>
      <PrepaidExpensesDeferredCharges>
        <BOY>997</BOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>3280</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>2015</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>14481</BOY>
        <EOY>1265</EOY>
      </LandBuildingsEquipmentBasisNet>
      <TotalAssets>
        <BOY>408585</BOY>
        <EOY>83009</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>81633</BOY>
        <EOY>9404</EOY>
      </AccountsPayableAccruedExpenses>
      <TotalLiabilities>
        <BOY>81633</BOY>
        <EOY>9404</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>128485</BOY>
        <EOY>-120951</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>198467</BOY>
        <EOY>194556</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>326952</BOY>
        <EOY>73605</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>408585</BOY>
        <EOY>83009</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-253347</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>true</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementConsolidated>X</FinancialStatementConsolidated>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="00000002" softwareId="11000175">
      <PubliclySupportedOrg170b1Avi>X</PubliclySupportedOrg170b1Avi>
      <GiftsGrantsContribReceived170>
        <CurrentTaxYearMinus4Years>1299290</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1271217</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1065385</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1203979</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>454730</CurrentTaxYear>
        <Total>5294601</Total>
      </GiftsGrantsContribReceived170>
      <Total170>
        <CurrentTaxYearMinus4Years>1299290</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1271217</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>1065385</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>1203979</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>454730</CurrentTaxYear>
        <Total>5294601</Total>
      </Total170>
      <AmountsSubstContributorsTotal>2009132</AmountsSubstContributorsTotal>
      <PublicSupportTotal170>3285469</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>1805</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>1914</CurrentTaxYearMinus3Years>
        <Total>3719</Total>
      </GrossInvestmentIncome170>
      <OtherIncome170>
        <CurrentTaxYearMinus4Years>60140</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>8964</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>99218</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>60478</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>80000</CurrentTaxYear>
        <Total>308800</Total>
      </OtherIncome170>
      <TotalSupport>5607120</TotalSupport>
      <PublicSupportPertcentage170>0.58590</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.55820</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsCY170>X</ThirtyThreePercntTestsCY170>
      <PublicSupportTotal509>0</PublicSupportTotal509>
      <PublicSupportPercentage509>0</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0</InvestmentIncomePercentage>
      <FactsAndCircumstancesTest>OTHER INCOME PART II, LINE 10; DESCRIPTION: SPONSORSHIP INCOME; 2007: 79750.; 2008: 46950.; 2009: 102995.; 2010: 56350.; 2011: 80000.; DESCRIPTION: PUBLICATION INCOME; 2007: 2870.; 2008: 48.; 2009: 2540.; 2010: 3180.; 2011: 0.; DESCRIPTION: GAIN/LOSS ON CURRENCY EXCHANGE; 2007: -22480.; 2008: -38034.; 2009: -6317.; 2010: 948.; 2011: 0.;</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="11000175">
      <Equipment>
        <OtherCostOrOtherBasis>3280</OtherCostOrOtherBasis>
        <Depreciation>2015</Depreciation>
        <BookValue>1265</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>1265</TotalOfBookValueLandBuildings>
      <TotalRevenue>530820</TotalRevenue>
      <TotalExpenses>784167</TotalExpenses>
      <ExcessOrDeficitForYear>-253347</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>-253347</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>530820</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>530820</RevenueSubtotal>
      <TotalRevenuePerForm990>530820</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>784167</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>784167</ExpensesSubtotal>
      <TotalExpensesPerForm990>784167</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleF documentId="00000005" softwareId="11000175">
      <GrantRecordsMaintained>true</GrantRecordsMaintained>
      <GrantsToOrgsOutsideUS>
        <Region>Europe</Region>
        <PurposeOfGrant>ACADEMIC SUPPORT</PurposeOfGrant>
        <AmountOfCashGrant>229170</AmountOfCashGrant>
        <MannerOfCashDisbursement>CHECK</MannerOfCashDisbursement>
      </GrantsToOrgsOutsideUS>
      <TotalNumberOf501c3Orgs>1</TotalNumberOf501c3Orgs>
      <TransferToForeignCorp>false</TransferToForeignCorp>
      <InterestInForeignTrust>false</InterestInForeignTrust>
      <OwnForeignCorp>false</OwnForeignCorp>
      <PassiveForeignInvestCo>false</PassiveForeignInvestCo>
      <ForeignPartnership>false</ForeignPartnership>
      <BoycottCountries>false</BoycottCountries>
      <Form990ScheduleFPartV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>THE ORGANIZATON MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS AWARDED, ELIGIBILITY,AND THE SELECTION CRITERIA.</Explanation>
      </Form990ScheduleFPartV>
    </IRS990ScheduleF>
    <IRS990ScheduleI documentId="00000006" softwareId="11000175">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>REASON FOUNDATION</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>5737 MESMER AVENUE</AddressLine1>
          <City>LOS ANGELES</City>
          <State>CA</State>
          <ZIPCode>90230</ZIPCode>
        </AddressUS>
        <EINOfRecipient>953298239</EINOfRecipient>
        <IRCSection>501C(3)</IRCSection>
        <AmountOfCashGrant>164685</AmountOfCashGrant>
        <PurposeOfGrant>PUBLIC POLICY</PurposeOfGrant>
      </RecipientTable>
      <Form990ScheduleIPartIV>
        <Identifier>Pt I Line 2</Identifier>
        <Explanation>THE ORGANIZATION RELIES ON ITS GRANTS COMMITTEE TO MONITOR THE USE OF GRANT FUNDS.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleL documentId="00000007" softwareId="11000175">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NameBusiness>
            <BusinessNameLine1>JULIAN MORRIS</BusinessNameLine1>
          </NameBusiness>
        </NameOfInterestedPerson>
        <Relationship>MORRIS STRATEGIES LTD</Relationship>
        <AmountOfTransaction>12000</AmountOfTransaction>
        <DescriptionOfTransaction>BASTIAT PRIZE MANAGEMENT FEE</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleO documentId="00000008" softwareId="11000175">
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11a</Identifier>
        <Explanation>A DRAFT COPY OF THE FEDERAL 990 IS REVIEWED BY THE EXECUTIVE</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>COMMITTEE PRIOR TO FILING WITH THE IRS. UPON COMPLETION</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>OF THE REVIEW AND THE RESOLUTION OF ANY QUESTIONS, ETC,</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>A COPY OF THE 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>ITS SIGNATURE AND MAILED TO THE IRS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>BOARD MEMBERS, OFFICERS AND DIRECTORS, AND EMPLOYEES ARE</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>AND DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>ALL DECISIONS REGARDING COMPENSATION ARE OVERSEEN BY THE</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>CEO AND ARE BASED ON PERFORMANCE. THE CEO IS OVERSEEN</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>BY THE EXECUTIVE COMMITTEE. PAY LEVELS ARE DETERMINED BY</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>COMPARISON TO PEER NON-PROFIT ENTITIES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 19</Identifier>
        <Explanation>A COPY OF THE FEDERAL 990 IS AVAILABLE TO THE PUBLIC UPON</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>WRITTEN REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part IX, Line 24f</Identifier>
        <Explanation>CONSULTANCY EXPENSE</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>