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      <AgentTrusteeEtc>0</AgentTrusteeEtc>
      <IncludedOnFS>1</IncludedOnFS>
      <Land>
        <OtherCostOrOtherBasis>270000</OtherCostOrOtherBasis>
        <BookValue>270000</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>1530000</OtherCostOrOtherBasis>
        <Depreciation>273032</Depreciation>
        <BookValue>1256968</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>212995</OtherCostOrOtherBasis>
        <Depreciation>42811</Depreciation>
        <BookValue>170184</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>117473</OtherCostOrOtherBasis>
        <Depreciation>75026</Depreciation>
        <BookValue>42447</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>117632</OtherCostOrOtherBasis>
        <Depreciation>54558</Depreciation>
        <BookValue>63074</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>1802673</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>LIFE INSURANCE</Description>
        <BookValue>370809</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>370809</TotalBookValueOtherAssets>
      <TotalRevenue>4721303</TotalRevenue>
      <TotalExpenses>4192753</TotalExpenses>
      <ExcessOrDeficitForYear>528550</ExcessOrDeficitForYear>
      <NetUnrealizedGLOnInvestments>27810</NetUnrealizedGLOnInvestments>
      <PriorPeriodAdjustments>175000</PriorPeriodAdjustments>
      <TotalAdjustments>202810</TotalAdjustments>
      <ExcessOrDeficitPerFS>731360</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>4749113</TotRevenueEtcAuditedFinclStmt>
      <NetUnrealizedGainsInvestments>27810</NetUnrealizedGainsInvestments>
      <RevenueNotRptdF990>27810</RevenueNotRptdF990>
      <RevenueSubtotal>4721303</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>4721303</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>4192753</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>4192753</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>4192753</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <ReturnReference>PART IV, LINE 2B:</ReturnReference>
        <Explanation>DURING 2010, THE ORGANIZATION MAINTAINED A CUSTODIAL CASH ACCOUNT WHICH WAS DESIGNATED BY THE INDIVIDUAL WHO PROVIDED THE CASH TO BE USED FOR THE PUCHASE OF A PRINCIPAL RESIDENCE OR RENT BY THAT INDIVIDUAL'S DESIGNATED INDIVIDUAL BENEFICIARY. THIS ARRANGEMENT WAS NOT IN EFFECT AS OF THE END OF 2011.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleF documentId="RetDoc1040500001">
      <GrantRecordsMaintained>1</GrantRecordsMaintained>
      <AcctsActvsOutUSTable>
        <Region>MIDDLE EAST AND NORTH AFRICA -</Region>
        <NumberOfOffices>0</NumberOfOffices>
        <NumberOfEmployees>0</NumberOfEmployees>
        <TypeOfActivitiesConducted>GRANTS TO RECIPIENTS LOCATED IN THE REGION</TypeOfActivitiesConducted>
        <TotalExpenditures>199791</TotalExpenditures>
      </AcctsActvsOutUSTable>
      <SubtotalNumberOfOffices>0</SubtotalNumberOfOffices>
      <SubtotalNumberOfEmployees>0</SubtotalNumberOfEmployees>
      <ContNumberOfOffices>0</ContNumberOfOffices>
      <ContNumberOfEmployees>0</ContNumberOfEmployees>
      <TotalNumberOfOffices>0</TotalNumberOfOffices>
      <TotalNumberOfEmployees>0</TotalNumberOfEmployees>
      <SubtotalAmountSpent>199791</SubtotalAmountSpent>
      <ContAmountSpent>0</ContAmountSpent>
      <TotalAmountSpent>199791</TotalAmountSpent>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>FOOD, CLOTHING, GENERAL SUPPORT</TypeOfAssistance>
        <Region>MIDDLE EAST AND NORTH AFRICA -</Region>
        <NumberOfRecipients>90</NumberOfRecipients>
        <AmountOfCashGrant>195491</AmountOfCashGrant>
        <MannerOfCashDisbursement>CASH PAYMENT</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <GrantsToIndOutsideUS>
        <TypeOfAssistance>EDUCATION OF THE POOR</TypeOfAssistance>
        <Region>MIDDLE EAST AND NORTH AFRICA -</Region>
        <NumberOfRecipients>1</NumberOfRecipients>
        <AmountOfCashGrant>4000</AmountOfCashGrant>
        <MannerOfCashDisbursement>CASH PAYMENT</MannerOfCashDisbursement>
      </GrantsToIndOutsideUS>
      <TransferToForeignCorp>0</TransferToForeignCorp>
      <InterestInForeignTrust>0</InterestInForeignTrust>
      <OwnForeignCorp>0</OwnForeignCorp>
      <PassiveForeignInvestCo>0</PassiveForeignInvestCo>
      <ForeignPartnership>0</ForeignPartnership>
      <BoycottCountries>0</BoycottCountries>
      <Form990ScheduleFPartV>
        <Identifier>PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.:</Identifier>
        <Explanation>SCHEDULE F, PART I, LINE 2: FOR CASH SENT TO ISRAEL, CHICAGO CHESED FUND GUARANTEES THAT THE FUNDS ARE USED FOR THE DESIGNATED PURPOSE BY HAVING THE RECIPIENT SIGN A STATEMENT STATING THAT THEY HAVE RECEIVED MONEY FROM THE ORGANIZATION AND ARE USING IT FOR THE PURPOSE OF FOOD, CLOTHING, WEDDING, EDUCATION AND/OR OTHER SUPPORTED CAUSES.</Explanation>
      </Form990ScheduleFPartV>
    </IRS990ScheduleF>
    <IRS990ScheduleI documentId="RetDoc1041900001">
      <RecordsMaintained>1</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>CONG AGUDATH ISRAEL</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>3541 WEST PETERSON</AddressLine1>
          <City>CHICAGO</City>
          <State>IL</State>
          <ZIPCode>60659</ZIPCode>
        </AddressUS>
        <EINOfRecipient>363529801</EINOfRecipient>
        <IRCSection>501(C)3</IRCSection>
        <AmountOfCashGrant>32300</AmountOfCashGrant>
        <PurposeOfGrant>EDUCATION FOR THE POOR</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>CONG SHOMER YISROEL</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>400 W CUMMINGS PARK 6350</AddressLine1>
          <City>WOLBURN</City>
          <State>MA</State>
          <ZIPCode>01801</ZIPCode>
        </AddressUS>
        <EINOfRecipient>383173931</EINOfRecipient>
        <IRCSection>501(C)3</IRCSection>
        <AmountOfCashGrant>24049</AmountOfCashGrant>
        <PurposeOfGrant>EDUCATION FOR THE POOR</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>JOAN DACHS BAIS YAAKOV</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>6110 N CALIFORNIA</AddressLine1>
          <City>CHICAGO</City>
          <State>IL</State>
          <ZIPCode>60659</ZIPCode>
        </AddressUS>
        <EINOfRecipient>366009172</EINOfRecipient>
        <IRCSection>501(C)3</IRCSection>
        <AmountOfCashGrant>201400</AmountOfCashGrant>
        <PurposeOfGrant>EDUCATION FOR THE POOR &amp; FOOD, CLOTHING, GENERAL SUPPORT</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>KOLLEL AVRECHEY CHICAGO</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>3480 N LAKE SHORE DR</AddressLine1>
          <City>CHICAGO</City>
          <State>IL</State>
          <ZIPCode>60657</ZIPCode>
        </AddressUS>
        <EINOfRecipient>204446456</EINOfRecipient>
        <IRCSection>501(C)3</IRCSection>
        <AmountOfCashGrant>12000</AmountOfCashGrant>
        <PurposeOfGrant>EDUCATION FOR THE POOR</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>TORAH ACADEMY OF BUFFALO GROVE</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>225 N MCHENRY ROAD</AddressLine1>
          <City>BUFFALO GROVE</City>
          <State>IL</State>
          <ZIPCode>60089</ZIPCode>
        </AddressUS>
        <EINOfRecipient>263968843</EINOfRecipient>
        <IRCSection>501(C)3</IRCSection>
        <AmountOfCashGrant>25000</AmountOfCashGrant>
        <PurposeOfGrant>EDUCATION FOR THE POOR</PurposeOfGrant>
      </RecipientTable>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>OHR SAMAYACH INTERNATIONAL</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>POBOX 301133</AddressLine1>
          <City>BROOKLYN</City>
          <State>NY</State>
          <ZIPCode>11230</ZIPCode>
        </AddressUS>
        <EINOfRecipient>237424723</EINOfRecipient>
        <IRCSection>501(C)3</IRCSection>
        <AmountOfCashGrant>12000</AmountOfCashGrant>
        <PurposeOfGrant>EDUCATION FOR THE POOR</PurposeOfGrant>
      </RecipientTable>
      <TotalNbrOf501C3AndGovtGrants>6</TotalNbrOf501C3AndGovtGrants>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>FOOD, CLOTHING</TypeOfGrant>
        <NumberOfRecipients>191</NumberOfRecipients>
        <AmountOfCashGrant>1591363</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>EDUCATION FOR THE POOR</TypeOfGrant>
        <NumberOfRecipients>139</NumberOfRecipients>
        <AmountOfCashGrant>329460</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>SHELTER</TypeOfGrant>
        <NumberOfRecipients>107</NumberOfRecipients>
        <AmountOfCashGrant>404263</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>PROFESSIONAL SERVICES</TypeOfGrant>
        <NumberOfRecipients>12</NumberOfRecipients>
        <AmountOfCashGrant>30618</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>MEDICAL</TypeOfGrant>
        <NumberOfRecipients>61</NumberOfRecipients>
        <AmountOfCashGrant>211800</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>UTILITIES</TypeOfGrant>
        <NumberOfRecipients>67</NumberOfRecipients>
        <AmountOfCashGrant>68573</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>JOB SEARCH</TypeOfGrant>
        <NumberOfRecipients>50</NumberOfRecipients>
        <AmountOfCashGrant>44929</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>CHILD CARE</TypeOfGrant>
        <NumberOfRecipients>15</NumberOfRecipients>
        <AmountOfCashGrant>30736</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>WEDDING</TypeOfGrant>
        <NumberOfRecipients>32</NumberOfRecipients>
        <AmountOfCashGrant>169128</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>GENERAL SUPPORT</TypeOfGrant>
        <NumberOfRecipients>9</NumberOfRecipients>
        <AmountOfCashGrant>41662</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURE FOR MONITORING GRANTS IN THE U.S.:</Identifier>
        <ReturnReference>PART I, LINE 2:</ReturnReference>
        <Explanation>SCHEDULE I, PART I, LINE 2: CHICAGO CHESED FUND GUARANTEES THAT THE FUNDS ARE USED FOR THE DESIGNATED PURPOSE BY HAVING THE RECIPIENT SIGN A STATEMENT STATING THAT THEY HAVE RECEIVED MONEY FROM THE ORGANIZATION AND ARE USING IT FOR THE PURPOSE OF FOOD, CLOTHING, WEDDING, EDUCATION AND/OR OTHER SUPPORTED CAUSES.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleM documentId="RetDoc1042900001">
      <ClothingAndHouseholdGoods>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NoncashContribsRptdF990>99050</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR MARKET VALUE</MethodOfDeterminingRevenues>
      </ClothingAndHouseholdGoods>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>IMPUTED INT</Description>
        <NumberOfContributions>9</NumberOfContributions>
        <NoncashContribsRptdF990>44266</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>AVG PRIME RATE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <AnyPropertyThatMustBeHeld>0</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>0</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>0</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>THE GOVERNING BOARD REVIEWS FORM 990 AND ALSO HAS AN OUTSIDE ACCOUNTANT REVIEW. THE FORM IS DISCUSSED BY ALL PARTIES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THERE IS A CONFLICT OF INTEREST POLICY. THE BOARD MEMBERS SHOULD DISCLOSE THEIR CONNECTIONS WITH GROUPS DOING BUSINESS WITH THE ORGANIZATION. THIS INFORMATION IS TO BE PROVIDED ANNUALLY.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE ORGANIZATION'S INDEPENDENT BOARD OF DIRECTORS DETERMINES THE COMPENSATION FOR ALL OFFFICERS OF THE ORGANIZATION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE UPON REQUEST AND WITH GUIDESTAR BUT ALSO SEEKS BOARD APPROVAL PRIOR TO THE RELEASE OF ANY GOVERNING DOCUMENTS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>NET UNREALIZED GAINS ON INVESTMENTS: 27,810. PRIOR PERIOD ADJUSTMENTS: 175,000. TOTAL TO FORM 990, PART XI, LINE 5: 202,810.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>