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    <Timestamp>2012-05-08T04:24:51-07:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
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        <BusinessNameLine1>Judith J Jager CPA</BusinessNameLine1>
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      <PreparerFirmUSAddress>
        <AddressLine1>1002 Florence Avenue</AddressLine1>
        <City>Evanston</City>
        <State>IL</State>
        <ZIPCode>60202</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>364294465</EIN>
      <Name>
        <BusinessNameLine1>Ivy Pearl Foundation Inc</BusinessNameLine1>
      </Name>
      <NameControl>IVYP</NameControl>
      <Phone>8473285166</Phone>
      <USAddress>
        <AddressLine1>PO Box 5842</AddressLine1>
        <City>Evanston</City>
        <State>IL</State>
        <ZIPCode>60204</ZIPCode>
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    </Filer>
    <Officer>
      <Name>Patricia Vance</Name>
      <Title>President</Title>
      <DateSigned>2012-05-08</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>Judith J Jager</Name>
      <Phone>8478648173</Phone>
      <SelfEmployed>X</SelfEmployed>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <ScheduleBNotRequired>X</ScheduleBNotRequired>
      <WebSite>N/A</WebSite>
      <Organization501c3 referenceDocumentId="IRS990ScheduleA">X</Organization501c3>
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      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <MembershipDues>1376</MembershipDues>
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      <CostOtherBasisAndSalesExpenses>0</CostOtherBasisAndSalesExpenses>
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      <SpecialEventsNetIncomeLoss>9625</SpecialEventsNetIncomeLoss>
      <CostOfGoodsSold>0</CostOfGoodsSold>
      <TotalRevenue>11605</TotalRevenue>
      <GrantsAndSimilarAmountsPaid>11235</GrantsAndSimilarAmountsPaid>
      <FeesAndOthPymtToIndContractors>1000</FeesAndOthPymtToIndContractors>
      <OccupancyRentUtilitiesAndMaint>429</OccupancyRentUtilitiesAndMaint>
      <PrintingPublicationsPostage>36</PrintingPublicationsPostage>
      <OtherExpensesTotal>452</OtherExpensesTotal>
      <TotalExpenses>13152</TotalExpenses>
      <ExcessOrDeficitForYear>-1547</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>43990</NetAssetsOrFundBalancesBOY>
      <OtherChangesInNetAssets>-1431</OtherChangesInNetAssets>
      <NetAssetsOrFundBalancesEOY>41012</NetAssetsOrFundBalancesEOY>
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      <CashSavingsAndInvestments>
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        <EOY>41012</EOY>
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        <BOY>43990</BOY>
        <EOY>41012</EOY>
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      <PrimaryExemptPurpose>To provide scholarships to enrolled college students, and to provide community program grants.</PrimaryExemptPurpose>
      <ProgramServiceAccomplishment>
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        <GrantsAndAllocations>729</GrantsAndAllocations>
        <ProgramServiceExpenses>1550</ProgramServiceExpenses>
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          <AddressLine1>1625 Kirk Street</AddressLine1>
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          <ZIPCode>60202</ZIPCode>
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        <PersonName>Denise Martin</PersonName>
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          <AddressLine1>1604 W Juneway Terrace</AddressLine1>
          <City>Chicago</City>
          <State>IL</State>
          <ZIPCode>60626</ZIPCode>
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      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Michele McClure Lacy</PersonName>
        <AddressUS>
          <AddressLine1>1810 Ashland Ave</AddressLine1>
          <City>Evanston</City>
          <State>IL</State>
          <ZIPCode>60201</ZIPCode>
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        <Title>Director</Title>
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        <Compensation>0</Compensation>
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      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Kathryn Bradley</PersonName>
        <AddressUS>
          <AddressLine1>8927 Lincolnwood Dr</AddressLine1>
          <City>Evanston</City>
          <State>IL</State>
          <ZIPCode>60203</ZIPCode>
        </AddressUS>
        <Title>Financial Sec.</Title>
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        <Compensation>0</Compensation>
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      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Sandra Hill</PersonName>
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          <AddressLine1>4 Martha Lane</AddressLine1>
          <City>Evanston</City>
          <State>IL</State>
          <ZIPCode>60201</ZIPCode>
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        <Title>Secretary</Title>
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        <Compensation>0</Compensation>
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      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Pamela Akins-Schanette</PersonName>
        <AddressUS>
          <AddressLine1>1806 Madison</AddressLine1>
          <City>Evanston</City>
          <State>IL</State>
          <ZIPCode>60202</ZIPCode>
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        <Title>Vice President</Title>
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        <Compensation>0</Compensation>
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        <PersonName>Marion Macbeth</PersonName>
        <AddressUS>
          <AddressLine1>2309 Ridgeway</AddressLine1>
          <City>Evanston</City>
          <State>IL</State>
          <ZIPCode>60201</ZIPCode>
        </AddressUS>
        <Title>Treasurer</Title>
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        <Compensation>0</Compensation>
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      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>Patricia Vance</PersonName>
        <AddressUS>
          <AddressLine1>250 Ridge Ave</AddressLine1>
          <City>Evanston</City>
          <State>IL</State>
          <ZIPCode>60202</ZIPCode>
        </AddressUS>
        <Title>President</Title>
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        <Compensation>0</Compensation>
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      <InfoInScheduleOPartV>X</InfoInScheduleOPartV>
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      <MadeLoansToFromOfficers>false</MadeLoansToFromOfficers>
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      <TheBooksAreInCareOf>
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          <AddressLine1>250 Ridge Ave</AddressLine1>
          <City>Evanston</City>
          <State>IL</State>
          <ZIPCode>60202</ZIPCode>
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        <TelephoneNumber>8473285166</TelephoneNumber>
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      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>false</DoesOrgHaveHospital>
      <TanningServicesProvided>false</TanningServicesProvided>
      <Form720Filed>false</Form720Filed>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionWithControlEntity>false</TransactionWithControlEntity>
      <EngagePoliticalCmpgnActivities>false</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities>false</EngageInLobbyingActivities>
      <OperatingSchool>false</OperatingSchool>
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      <RelatedOrgSection527Org>false</RelatedOrgSection527Org>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
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        <CurrentTaxYearMinus2Years>9117</CurrentTaxYearMinus2Years>
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        <CurrentTaxYearMinus3Years>51761</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>20752</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>20105</CurrentTaxYearMinus1Year>
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      <Post1975UBTI>
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        <Explanation>Accounts Payable and Accrued Expenses - Beginning $350 Accounts Payable and Accrued Expenses - Ending $0</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 20.1001</Identifier>
        <ReturnReference>Other Changes In Net Assets Or Fund Balances.1001</ReturnReference>
        <Explanation>Net Unrealized Gains and Losses on Investments $-1431</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.2</Identifier>
        <ReturnReference>Other Expenses.2</ReturnReference>
        <Explanation>Government Filing Fee $94</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.1</Identifier>
        <ReturnReference>Other Expenses.1</ReturnReference>
        <Explanation>Scholarship Administration $193</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 16.1012</Identifier>
        <ReturnReference>Other Expenses.1012</ReturnReference>
        <Explanation>Insurance $165</Explanation>
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      <GeneralExplanation>
        <Identifier>Form 990-EZ, Part I, Line 10.2</Identifier>
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